La Banque Postale Structured Asset Management SWIFT/BIC code

STENFRP1 – the SWIFT/BIC code of La Banque Postale Structured Asset Management

STENFRP1 and STENFRP1XXX are two spellings of the same bank identifier, and both point to La Banque Postale Structured Asset Management in Paris. A BIC does one job: it makes sure that a cross-border transfer ends up at the right bank. It comes up mostly when dealing with transfers between countries and payments in foreign currencies.

Below we go through the practical side: money coming in from abroad, paying someone in another country and how to verify the code before you confirm a payment. The SWIFT code on its own does not identify an individual account holder; that is what the account number or IBAN is for.

Do you need STENFRP1 for a SEPA transfer?

Because France is part of the SEPA zone, a euro transfer into La Banque Postale Structured Asset Management from another SEPA country usually only needs an IBAN. Most banking apps do not require the BIC for these payments or fill it in for you.

Outside the euro and for senders outside SEPA, STENFRP1XXX is still required. If a payment form has a field for the BIC regardless, adding STENFRP1 is fine.

SEPA transfers normally land within one business day. As long as the payment stays in euros, the transfer is inexpensive; costs rise once a conversion is involved.

A note on our data

The directory on GoldexPay is based on public sources and is updated regularly. Even so, banks merge or retire codes and our data may lag behind. The figures on this page reflect what is in our directory, not official figures from La Banque Postale Structured Asset Management.

For any payment that matters, always confirm the code with La Banque Postale Structured Asset Management or with the recipient. GoldexPay is an independent comparison site and not affiliated with La Banque Postale Structured Asset Management. Found outdated information? Tell us through the contact page.

When will the money arrive at La Banque Postale Structured Asset Management?

How quickly a transfer reaches La Banque Postale Structured Asset Management is determined by several factors: the currency, how many intermediary banks are involved, cut-off times and time zones. Weekends and public holidays in either country add a day or more. Sometimes a bank wants to know about the purpose of a payment before releasing it.

When a payment takes longer than expected, contact the sending bank for the tracking status; with that reference banks can see where the payment is. Keep the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

Only the sending bank can start an official trace or a recall; the receiving side usually has nothing to trace yet. On the receiving end, it helps to look at your account for a partial amount because fees can reduce the amount.

What to give a sender who pays you at La Banque Postale Structured Asset Management

When you expect money from abroad, give the sender a complete set of details. Share the account holder’s name, the IBAN or account number, the BIC STENFRP1XXX and your address, which some banks require.

Their bank may also ask for the address of your bank. Check the details before you share them, because the sender’s bank usually copies them as is.

The amount you receive is often lower than the amount sent. Correspondent banks can take a fee, La Banque Postale Structured Asset Management may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. On invoices, it is common to state how the fees are split.

Choosing between the 2 SWIFT codes of La Banque Postale Structured Asset Management

We have 2 SWIFT/BIC codes for La Banque Postale Structured Asset Management in 1 cities. Besides the head office code STENFRP1XXX, there are codes for branches, departments or specific services.

In most cases you do not need to look up a branch: transfers addressed to STENFRP1XXX reach La Banque Postale Structured Asset Management correctly. A branch code only makes sense if the recipient’s bank explicitly mentions it, which is more common for corporate accounts and specialised services.

Not sure which code applies? Ask the recipient or the bank itself. Branch codes are more prone to be retired than STENFRP1XXX when a bank merges or closes offices.

Verifying the SWIFT code of La Banque Postale Structured Asset Management

The best place to find the right code remains a document from the bank itself. Compare it against STENFRP1 here and ask if anything does not match.

Errors in the SWIFT code are costly more than disastrous – usually the money comes back, minus fees and time lost. Remember the account number: a mistake there can be more difficult to correct than a wrong BIC.

Many banking apps check the structure of IBANs and sometimes look up the BIC automatically – that confirms the format, not the owner. If your bank offers it, a name check on the recipient gives an extra layer of safety. Sending a small amount first can be a sensible step for large sums.

Watch out for payment fraud

Stay alert if a contact suddenly asks you to send money to another account. A correct SWIFT code says nothing about who owns the account.

Check new bank details through a separate channel like a call to a number from an earlier contract. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. Already paid? Call the bank you paid from without delay and have them start a recall.

People receiving money are targeted too: one known trick is an overpayment followed by a request to refund the difference abroad. Do not act before the money has really arrived and check with La Banque Postale Structured Asset Management if anything seems off.

International transfers from La Banque Postale Structured Asset Management: the real cost

If you send money abroad through La Banque Postale Structured Asset Management, the fee you see is only part of the cost. There is the fee for the transfer itself, sometimes charges from correspondent banks along the way and, above all, the margin on the exchange rate if the currency changes.

Banks rarely list their exchange rate markup as a cost – you only notice it if you compare. An easy check: set the bank’s rate against the mid-market rate and look at the difference.

For many currency pairs, a transfer service is cheaper than a traditional bank transfer – mostly thanks to the rate. GoldexPay lists these services next to each other, showing the amount the recipient gets. You can still keep your account at La Banque Postale Structured Asset Management to fund the transfer; only the conversion and sending happen elsewhere.

What the XXX in STENFRP1XXX means

A BIC is made up of fixed blocks: characters one to four identify the bank, characters five and six give the country and the two after that indicate the location. The result is STENFRP1.

Most banks and apps work with both lengths. If a form asks for eleven characters, enter STENFRP1XXX, otherwise STENFRP1 is fine.

Do not add spaces or dashes when you enter STENFRP1 or STENFRP1XXX. Watch for O versus 0 or the letter I and the digit 1.

Sending EUR to La Banque Postale Structured Asset Management

France uses the Euro. If you send another currency it has to be converted at some point: by your bank, an intermediary or La Banque Postale Structured Asset Management itself. Each conversion eats into something.

Which bank converts the payment makes a difference. Often you pay less to send EUR straight away via a provider with a good rate, so that the receiving bank does not need to convert again.

Rates for EUR change during the day. For recurring payments, a slightly better rate add up over time.