State Street Banque SA Paris SWIFT/BIC code

What SBOSFRP2 means for a payment to State Street Banque SA Paris

If an invoice shows SBOSFRP2 or SBOSFRP2XXX, you are looking at the identical identifier for State Street Banque SA Paris in France. The code does one job: it makes sure that money from abroad reaches the right bank. In daily life you usually come across the code on international invoices, in payment forms and on the account details that State Street Banque SA Paris provides.

We wrote this page to help people who receives money at an account at State Street Banque SA Paris and wants to get the details right. The BIC names a bank or branch, never a specific account.

Is SBOSFRP2 still correct? How to check

The safest source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Compare that code against SBOSFRP2 on this page; if they differ, ask before you pay.

A wrong SWIFT code can cause a delay, a payment being sent back or extra fees. An error in the IBAN or account number can be more serious, because the money may be credited to someone else.

An automatic check by your bank only tells you that the IBAN exists. Where available, a payee name check on the recipient adds extra certainty. A small test payment can be worth it for a large first payment, even if it costs an extra fee.

Euro (EUR) and conversion costs

Accounts at State Street Banque SA Paris are typically held in EUR, the national currency. When you pay money in a different currency it gets converted somewhere along the way. There is rarely a separate charge for that conversion.

Which bank converts the money makes a difference, because each party uses its own rate. Often you pay less to send EUR straight away through a transfer service with a good rate rather than letting the receiving bank convert.

The EUR rate fluctuates constantly and quotes are often valid only for a short time. With bigger transfers, a seemingly small gap in the rate adds up quickly.

Where our SWIFT data comes from

The codes here come from public sources that we update regularly. Still, banks merge or change codes and our data may lag behind. Figures such as the number of codes come from our directory and are not confirmed by State Street Banque SA Paris.

Before any payment that matters, confirm the code with the recipient’s bank or with the recipient. We are an independent comparison service for money transfers and not part of State Street Banque SA Paris. Should you notice something that is out of date, we appreciate a short note via the contact page.

Head office or branch code at State Street Banque SA Paris?

Having 2 codes, State Street Banque SA Paris is one of the banks that register separate codes for branches. The head office code is SBOSFRP2XXX.

Usually you do not need to pick a branch: payments sent to SBOSFRP2XXX are routed within State Street Banque SA Paris without problems. If you have been given a branch code, stick to it instead of replacing it with the head office code.

The best way is to copy the code straight from the recipient’s bank details. Codes for branches are more prone to be retired than SBOSFRP2XXX when a bank merges or closes offices.

Do you need SBOSFRP2 for a SEPA transfer?

Within the SEPA zone, euro payments to State Street Banque SA Paris use the same rules and in most cases need only the IBAN. The BIC field is often optional in that case.

You still need SBOSFRP2XXX for non-euro payments or money from outside the SEPA area. If your banking app asks for the BIC regardless, adding SBOSFRP2 does no harm.

Euro payments within SEPA normally land within one business day. Provided no currency is converted, the transfer tends to be inexpensive; it is the conversion that costs money.

What a transfer from State Street Banque SA Paris abroad really costs

What you pay for an international transfer is made up of several parts – not just the fee on your screen. There is the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, above all, the exchange rate markup.

That exchange rate margin tends to be the largest cost because it is hidden in the rate. An easy check: set the bank’s rate against the mid-market rate for the same moment and look at the difference.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a bank – mostly thanks to the rate. GoldexPay compares transfer providers next to each other, showing what actually arrives before you commit. You can still keep your account at State Street Banque SA Paris to fund the transfer.

Watch out for payment fraud

Criminals regularly use fake invoices containing new bank details. A valid SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Never rely on a phone number from the same email that contains the change. Pressure or secrecy are warning signs. When money was sent to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Scams also work the other way: someone claims to have sent more than agreed and wants you to refund the extra to a new account. Wait until the money is actually in your account.

What to give a sender who pays you at State Street Banque SA Paris

If you expect money from abroad, send the payer a complete set of details. Share your name as the bank knows it, the IBAN or account number, SWIFT code SBOSFRP2XXX and your address, which some banks require.

Some sending banks also ask for the bank’s address in Paris; it does no harm to include it. A typo in the IBAN is more trouble than you might think.

An incoming payment does not always land in full. Fees for incoming transfers vary per bank. Agree with the sender who pays which costs, especially for larger amounts.

How long does an international transfer to State Street Banque SA Paris take?

How quickly a payment arrives at State Street Banque SA Paris is determined by a few things: the currency, how many intermediary banks are involved, cut-off times and differences in time zone. Payments made late in the day or on a weekend or public holiday usually start a business day later. Compliance checks on larger or unusual payments may also cause a delay.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every payment carries a unique reference, the UETR. Money transfer services often provide tracking online showing where the payment has got.

If a payment has not arrived within the expected time, the sender should contact their own bank rather than State Street Banque SA Paris. Ask the sender for the payment receipt with the date and reference; that often settles the question quickly.

Why State Street Banque SA Paris has an 8- and an 11-character code

A SWIFT code is made up of a few fixed parts: the first four letters identify the bank, characters five and six show the country and characters seven and eight mark the location. In this case, the 8-character core is SBOSFRP2.

Many banks and apps work with either length. If yours asks for eleven characters, use SBOSFRP2XXX, otherwise SBOSFRP2 is fine.

As a rule the code is written in capitals. A single character can send the money to another bank.