Refco Securities SA SWIFT/BIC code

REFSFRP1 – the SWIFT/BIC code of Refco Securities SA

The short code REFSFRP1 and the full code REFSFRP1XXX refer to one and the same institution: Refco Securities SA, with its head office in Paris. Every bank on the SWIFT network uses these codes to route international transfers to the correct bank. It comes up mainly for payments that cross a border.

This page is meant to help anyone who pays into an account at Refco Securities SA. The SWIFT code on its own does not identify an individual account holder; that is what the IBAN or account number is for.

SEPA payments and the Refco Securities SA BIC

France belongs to the Single Euro Payments Area (SEPA). For a standard euro transfer from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

Outside the euro and for senders outside SEPA, REFSFRP1XXX or REFSFRP1 is still part of the payment details. A few banks and apps still show a field for the BIC out of habit; in that case, fill in REFSFRP1 or REFSFRP1XXX.

Instant payments in euros are widely supported across SEPA. Charges on SEPA payments tend to be low, as long as no currency conversion is involved.

When will the money arrive at Refco Securities SA?

How fast a payment arrives at Refco Securities SA is determined by a few things: the currency, the number of banks in between, daily processing deadlines and time zones. Transfers sent after the cut-off time or on weekends and holidays often start a business day later. Occasionally a bank asks about the purpose of a payment, which can hold things up.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every payment gets a unique reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often show tracking in their app so you can see where the payment is.

If a payment has not arrived after a few business days, the sender should contact their own bank. Ask the sender for a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.

Refco Securities SA: head office code versus branch codes

Refco Securities SA has 2 different SWIFT/BIC codes across 1 locations. One of them is the head office code; the others belong to branches.

Unless the recipient tells you otherwise, go with REFSFRP1XXX. Just use a branch code when the account holder gives you that exact code, for example on a letter or invoice.

Unsure which code to use? Ask the recipient or the bank itself. Branch codes are more prone to be retired than REFSFRP1XXX.

Where our SWIFT data comes from

The details here come from publicly available data. Banks merge, change names and change codes, and a directory never catches every change immediately. The number of codes we show are based on what is in our directory.

Use our data as a reference, rather than as the final word – the bank details from the recipient are leading. We are an independent comparison service for money transfers and not part of Refco Securities SA. Spotted an error? Tell us through the contact page and we will look into it.

Paying into Refco Securities SA in EUR

The local currency in France is the Euro (EUR). Money sent in a different currency will be exchanged into EUR. Every conversion eats into the amount – usually through the rate rather than a fee.

Where the conversion happens affects how much arrives, as rates and margins differ per bank. Sending the amount directly in EUR often avoids a second conversion – as long as your own rate is good.

Rates for EUR move all the time, and some providers let you lock in a rate. On larger amounts, a seemingly small gap in the rate can be worth more than the fee.

Protect yourself against fake payment requests

Stay alert when someone suddenly asks you to pay into another account or a bank in another country. A valid SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Always verify a change of bank details by phone, using a number you already had. Watch out for urgent requests, unusual wording or a sender address that is slightly off. When money was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

Scams can also target the receiver: someone claims to have sent more than agreed and wants you to return the extra via a different route. Do not act before the money has really arrived.

REFSFRP1 or REFSFRP1XXX – which one to use?

The layout of every SWIFT code is always the same: a bank code of four letters, a two-letter country code and two for the location. The result is REFSFRP1.

Many payment forms accept either length. If yours requires eleven characters, use REFSFRP1XXX; if it wants eight, use REFSFRP1.

As a rule the code is typed in capitals, without spaces or dashes. Pasting the code is safer than typing it by hand, because one wrong letter changes the bank.

Sending money abroad from Refco Securities SA

An international bank payment costs more than the fee suggests. You pay the fee for the transfer itself, possibly fees charged by intermediary banks in between and, most importantly, the exchange rate markup.

Most of the cost usually sits in the exchange rate: many banks convert using an exchange rate that includes a margin. Compare the rate you are offered against the mid-market rate. The difference is your real conversion cost.

Money transfer services often offer rates closer to the mid-market rate and lower fees. On GoldexPay we compare what recipients receive across providers. You can always keep your account at Refco Securities SA, while a cheaper service handles the conversion.

Is REFSFRP1 still correct? How to check

Ask the recipient to copy the account details straight from a recent statement. When the code you were given does not match REFSFRP1 or REFSFRP1XXX, stop and ask – contact the recipient or Refco Securities SA.

Errors in the BIC are costly rather than fatal – usually the money comes back, minus fees and time lost. An error in the IBAN or account number is more serious, so check that just as carefully.

An automatic check by your bank only tells you that the IBAN exists – not that it belongs to the person you mean to pay. Where available, a name check before sending gives extra certainty. Sending a small amount first can be a sensible step for large sums.

Getting paid from abroad into a Refco Securities SA account

A sender in another country needs a few details about your account – incomplete details often cause delays. The basics are: the account holder’s name, account number or IBAN, REFSFRP1XXX or REFSFRP1 and, for some countries, your home address.

You can add Refco Securities SA and Paris as well, because some payment forms have separate fields for them. Double-check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

Do not be surprised if the incoming amount is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee, and if the currency changes, a markup on the rate applies. For business payments, it is common to state how the fees are split, so that nobody is left short.