Wormser Freres Gestion SWIFT/BIC code

What WOFGFRP1 means for a payment to Wormser Freres Gestion

The 8-character code WOFGFRP1 and the full code WOFGFRP1XXX refer to one and the same institution: Wormser Freres Gestion in Paris, France. A SWIFT code tells every bank in the chain which institution should receive the money. It comes up mainly when dealing with payments that cross a border.

Further down we go through the practical side: receiving money at Wormser Freres Gestion, paying someone in another country and how to verify a SWIFT code before you hit send. The SWIFT code alone cannot identify an individual account holder; for that you need the account number or IBAN .

What to give a sender who pays you at Wormser Freres Gestion

To receive a transfer from abroad into your account at Wormser Freres Gestion, the sender has to have not just the SWIFT code. Give them your name as the bank knows it, the IBAN or account number, the BIC WOFGFRP1XXX and your address, which some banks require.

Some banks also ask for the bank’s address, so keep it at hand. A typo in your account number is harder to fix than you might think; copy them from your banking app rather than typing.

What lands in your account is often less than the amount sent. Charges on incoming payments differ from bank to bank – the price list of Wormser Freres Gestion tells you what applies. On invoices, it is common to state how the fees are split to avoid a shortfall.

How long does an international transfer to Wormser Freres Gestion take?

There is no fixed delivery time for every transfer: many land within a day, others take several business days. Weekends and public holidays in the sending or receiving country can add a day or more. Compliance checks by one of the banks can also add some delay, even when all details are correct.

If a transfer seems delayed, ask your bank about the tracking status. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

A missing payment has to be traced by the sending bank. Request from the sender the payment receipt including the reference; that often settles the question quickly.

WOFGFRP1 or WOFGFRP1XXX – which one to use?

The structure of a BIC is always the same: four characters for the institution, two for the country and a two-character location code. In this case, the 8-character core is WOFGFRP1.

Many payment forms accept both lengths. If a form requires eleven characters, use WOFGFRP1XXX; if it wants eight, use WOFGFRP1.

In practice the code is typed in capitals and without spaces. Look out for O versus 0 and the letter I and the digit 1; they are easy to mix up.

Is WOFGFRP1 still correct? How to check

Ask the recipient to send you their account details straight from their online banking. When the code you were given does not match WOFGFRP1 or WOFGFRP1XXX, stop and ask.

With a wrong code, the transfer might get stuck, bounce back or end up costing more. Do not forget the IBAN: an error there can be more difficult to correct than a wrong BIC.

Many banking apps validate the structure of an IBAN and sometimes look up the BIC automatically. If your bank offers it, a name check on the recipient gives an extra layer of safety. Sending a small amount first is a sensible step for a large first payment.

Changed bank details? Be careful

Be alert when someone unexpectedly asks you to pay into a different account abroad. The fact that WOFGFRP1 exists does not mean that a request mentioning it is legitimate; criminals use the codes of real banks too.

Before paying, verify a change of bank details through a phone call on a number you know, not one from the message. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. If money has already gone to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Fraud can also target the receiver. Someone sends more than agreed and wants you to return the difference via a different route. A screenshot of a transfer is no proof – check your own account.

Paying Wormser Freres Gestion in euros within SEPA

Within the SEPA zone, euro payments to an account in France use the same rules, so the IBAN does the job in most cases. The BIC field is usually optional or missing in that case.

The BIC does matter when the currency is not euros and when the money comes from outside SEPA. Some forms still show a field for the BIC; in that case, enter WOFGFRP1.

Instant euro transfers have become widely supported across SEPA. Provided no currency is converted, a SEPA transfer is cheap; it is the conversion that costs money.

Choosing between the 2 SWIFT codes of Wormser Freres Gestion

Wormser Freres Gestion uses 2 separate SWIFT/BIC codes across 1 cities. One of them is the head office code, WOFGFRP1XXX; the others identify branches, and sometimes internal departments.

For the vast majority of incoming transfers, the head office code WOFGFRP1XXX is the right choice. Only use a branch code when the account holder explicitly asks for it.

The safest approach is to copy the code directly from the recipient’s invoice. Branch codes are sometimes changed or retired over time, so a code from an old document is not always valid.

Paying someone abroad from your Wormser Freres Gestion account

The price of an international transfer is made up of more than one component. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, most importantly, the exchange rate markup when the money is converted.

The real cost is often in the rate, rather than in the fee: many banks convert using an exchange rate with a margin built in. A simple test: set the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

For a lot of routes, a transfer service turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. Next time you send money, take a minute to compare what arrives via GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not mean closing your account at Wormser Freres Gestion: you simply pay the service from your account.

Euro (EUR) and conversion costs

Accounts at Wormser Freres Gestion are typically held in EUR, the national currency. Money sent in a different currency will be converted into EUR on its way to Wormser Freres Gestion – and the bank that does it picks the rate. Each conversion costs the amount.

Who converts the payment makes a difference: every bank has its own margin. Sending the money directly in EUR usually prevents a second conversion – as long as your own rate is good.

The EUR rate fluctuates throughout the day. If you pay regularly, a slightly better rate make a real difference over time.

A note on our data

The details here come from publicly available data. Banks merge, close branches and change codes, and a directory never catches every change immediately. The number of codes on this page are based on our own data.

Use our data as a reference, rather than as the last word. GoldexPay is not affiliated with Wormser Freres Gestion. Should you notice a mistake, we welcome a message via the contact page.