Parel SWIFT/BIC code

Parel SWIFT code: PAREFRPP

PAREFRPP and PAREFRPPXXX are two spellings of the same SWIFT/BIC code, and both point to Parel in Puteaux. A SWIFT code shows the banks handling a payment exactly which bank should receive the money, a bit like a postal address for banks. In daily life you mostly come across the code on invoices from abroad, in payment forms and in the bank details of Parel customers.

On this page you will find what the code is put together, when you need it and which other details you need for a transfer to or from Parel. Remember that the BIC only identifies the bank, not the account: the account number or IBAN takes care of that.

The Euro and what conversion costs you

Accounts at Parel are typically held in EUR, the local currency of France. If you send another currency, the amount has to be converted at some point – by your bank, by Parel or by a bank in between. Each conversion costs something.

Which bank converts the money makes a difference, because each party uses its own rate. Transferring the amount directly in EUR often prevents an extra conversion at the receiving end, provided the rate you get is fair.

The EUR rate changes throughout the day and quotes are often valid only for a short time. For recurring payments, a slightly better rate make a real difference over a year.

When will the money arrive at Parel?

How quickly a transfer arrives at Parel depends on a few things: the currency, the number of banks in between, cut-off times and time zones. Bank holidays in the sending or receiving country add a day or more. Occasionally a bank asks about the purpose of a payment, which can hold things up.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every payment gets a unique transaction reference, the UETR. Keep the payment confirmation until the money has arrived.

A delayed transfer has to be traced from the sending side, using the payment confirmation. On the receiving end, it helps to check your statements for a partial amount.

Paying someone abroad from your Parel account

An international bank payment can cost rather more than the fee suggests. Besides a fixed fee, banks in between may take a cut, and when the money changes currency the bank often uses a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts using an exchange rate with a margin built in. Check their rate with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Specialist money transfer services often offer rates closer to the mid-market rate with clearer fees. On GoldexPay you can compare what recipients receive with different providers, so you can pick the cheapest route. Using a transfer service does not require closing your account at Parel – you pay the provider from your own account.

Scams that use SWIFT codes

Criminals regularly send payment requests with changed bank details. A correct SWIFT code says nothing about who owns the account.

Before paying, confirm changed bank details through a phone call. Pressure and secrecy are red flags. If a payment has already gone to the wrong account, call your bank right away – speed improves the chance of getting it back.

Recipients are targeted too: one known trick is an overpayment and then sends a request to refund the difference to another account. A payment confirmation from the sender proves nothing – check your own account.

Which of the 15 codes of Parel do you need?

Our directory lists 15 SWIFT/BIC codes for Parel, spread over 2 locations. Besides the head office code PAREFRPPXXX, there are codes for individual branches and departments.

For most payments to a private or business account, the head office code PAREFRPPXXX works fine. A branch code only makes sense if the recipient’s bank explicitly asks for it, which is more common for business accounts and specialised services.

The best way is to copy the code directly from the recipient’s invoice. Codes for branches are more likely to change than PAREFRPPXXX.

What to give a sender who pays you at Parel

For a transfer from abroad into your account at Parel, the sender needs more than the BIC. The basics are: your name, IBAN or account number, PAREFRPPXXX or PAREFRPP and often your home address.

It helps to add the bank name and Puteaux too, since some forms ask for it. A typo in the IBAN can be harder to fix than it looks; copy them from your banking app rather than typing.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Charges on incoming payments differ from bank to bank; check the price list of Parel. For business payments, you can agree how the fees are split, so that nobody is left short.

Euro transfers to Parel: is a BIC needed?

Since France is part of the SEPA zone, a euro payment into Parel from another SEPA country usually only needs the IBAN. Most banking apps do not require the BIC for these payments or fill it in for you.

A SWIFT code like PAREFRPP does matter when the currency is not euros. Some banks and apps still ask for the BIC; in that case, enter PAREFRPP or PAREFRPPXXX.

Euro payments within SEPA normally land by the next business day. Charges on SEPA payments are generally low as long as everything stays in euros.

A note on our data

We collect bank codes using public sources and check our list from time to time. It is possible that a code here is out of date. Counts and locations are from our directory.

Use this page as a starting point, rather than as the last word – the bank details from the recipient are leading. GoldexPay has no connection to Parel. Found outdated information? Let us know via our contact form so we can correct it.

Is PAREFRPP still correct? How to check

The safest source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. If the code you have differs from PAREFRPP or PAREFRPPXXX, stop and ask: check with the recipient or with Parel directly.

An incorrect BIC may lead to a delay, a returned payment or extra fees along the way. Do not forget the IBAN: a mistake there is harder to undo than a wrong BIC.

An automatic check in your banking app merely confirms that the code exists – not that it belongs to the person you mean to pay. If your bank offers it, a name check on the recipient gives extra certainty. For a first payment, many people send a small test amount and wait for confirmation.

Why Parel has an 8- and an 11-character code

The layout of a BIC is always the same: a bank code of four letters, a two-letter country code and a two-character location code. Together, those parts form PAREFRPP, the code most people search for.

The 11-character version has three more characters that identify a branch or department. If the last three are XXX, the code points to the head office, so PAREFRPPXXX and PAREFRPP are interchangeable.

Enter the code in one piece, in upper case and without spaces, exactly as shown here. Pasting the code is safer than retyping it: a typo can point to another bank.