Societe Marseillaise de Credit SWIFT/BIC code

Societe Marseillaise de Credit SWIFT code: SMCTMCM1

The 8-character code SMCTMCM1 and the 11-character code SMCTMCM1XXX identify one and the same institution: Societe Marseillaise de Credit. A BIC does one job: it ensures that an international payment reaches the right bank. You will need it mainly when dealing with transfers between countries and payments in foreign currencies.

Below we go through the practical questions: receiving money at Societe Marseillaise de Credit, paying someone in another country and how to verify a SWIFT code before you confirm a payment. The SWIFT code on its own cannot identify an individual account holder; for that you need the IBAN or account number is for.

How up to date is this code?

Our SWIFT/BIC directory is based on public sources. Banks merge, close branches and change codes. The figures we show reflect our own data, not official figures from Societe Marseillaise de Credit.

Use our data as a starting point, not as the last word: the recipient’s bank details come first. We are a comparison service and not affiliated with Societe Marseillaise de Credit. Found outdated information? Tell us via our contact form so we can correct it.

Why Societe Marseillaise de Credit has an 8- and an 11-character code

Each SWIFT/BIC code starts with an 8-character core: a four-letter bank code, a two-letter country code and two characters for the location. The result is SMCTMCM1.

Many banks and apps accept both lengths. If a form requires eleven characters, use SMCTMCM1XXX, otherwise SMCTMCM1 is fine.

Enter the code in one piece, in capitals and without separators, exactly as shown here. Look out for O versus 0 and I versus 1.

Sending EUR to Societe Marseillaise de Credit

The national currency of Monaco is the Euro (EUR). If you send another currency, the amount has to be converted at some point. Every conversion eats into something.

Where the conversion happens has an effect on the final amount, since every bank sets its own rate. Often you pay less if you send EUR straight away through a transfer service with a good rate.

Rates for EUR change all the time, and some providers let you lock in a rate. On larger amounts, even seemingly small gap in the rate adds up quickly.

Changed bank details? Be careful

Fraudsters regularly send payment requests containing new bank details, sometimes in an email that looks completely genuine. The fact that SMCTMCM1 exists does not mean that the account is genuine – fraudsters use real bank codes as well.

Verify new bank details via a different channel like a call to a number from an earlier contract, never via the email that asked for the change. Urgency or secrecy are red flags – a real supplier can wait a day. Acted too fast? Contact the bank you paid from without delay and ask them to start a recall and report the fraud.

Scams can also target the receiver. Someone sends too much and asks you to refund the extra. Wait until the money is actually in your account and check with Societe Marseillaise de Credit if anything seems off.

Sending money abroad from Societe Marseillaise de Credit

A bank transfer abroad can cost rather more than the listed fee. There is the transfer fee, possibly fees charged by intermediary banks along the way and, above all, the exchange rate markup.

Banks do not list the margin on the rate separately, but you pay it all the same. A simple test: put the rate you get next to the mid-market rate for the same moment and look at the difference.

Specialised transfer providers frequently use rates closer to the mid-market rate. GoldexPay compares transfer providers side by side, showing what actually arrives before you commit. Using a transfer service does not require leaving Societe Marseillaise de Credit.

Euro transfers to Societe Marseillaise de Credit: is a BIC needed?

Since Monaco is part of SEPA, a euro payment to Societe Marseillaise de Credit from within the SEPA area usually only needs an IBAN. Most banking apps do not require the BIC for these payments or fill it in for you.

For anything other than euros and from non-SEPA countries, SMCTMCM1XXX or SMCTMCM1 is still part of the payment details. A few banks and apps still ask for the BIC; in that case, fill in SMCTMCM1 or SMCTMCM1XXX.

SEPA transfers normally land by the next business day; instant payments are faster if both banks offer them. Provided the payment stays in euros, a SEPA transfer is inexpensive.

What to give a sender who pays you at Societe Marseillaise de Credit

If you are waiting for money from abroad, give the sender everything they need in one go. The basics are: your name, IBAN or account number, SMCTMCM1XXX and often your home address.

Their bank might also ask for the address of your bank; the head office in Monaco is usually fine. A mistake in the IBAN can be harder to fix than it looks; copy them from your banking app rather than typing.

The amount you receive can be less than what was sent. Charges on incoming payments vary from bank to bank – the price list of Societe Marseillaise de Credit tells you what applies. Agree with the sender who pays which costs, especially for larger amounts.

Before you send: check the Societe Marseillaise de Credit code

Have the recipient send you the account details straight from their online banking. Check it against SMCTMCM1 on this page; if they differ, ask before you pay.

If the code is wrong, the payment may be delayed, be returned or cost extra, and tracing it can take weeks. A mistake in the account number can be a bigger problem.

Most online banking apps check the structure of IBANs and sometimes look up the BIC automatically – that confirms the format, not the owner. Some banks now compare the name against the account before you confirm. A small test payment is a sensible step for large sums despite the extra fee.

Which of the 3 codes of Societe Marseillaise de Credit do you need?

With 3 codes, Societe Marseillaise de Credit belongs to the banks that register individual codes for parts of the organisation. The head office code remains SMCTMCM1XXX.

Unless the recipient tells you otherwise, go with SMCTMCM1XXX. Just use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Codes can change over time.

When will the money arrive at Societe Marseillaise de Credit?

There is no fixed answer for every transfer: some arrive within a day while others need several business days. Transfers sent late in the day or just before weekends and holidays often start a business day later. Occasionally a bank asks about the purpose of a payment.

When a payment takes longer than expected, ask your bank for the status or the UETR; with that reference banks can see where the payment is. Keep your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

The bank that sent the money can start an official trace or a recall; the receiving side usually has nothing to trace yet. As a recipient, it helps to check your statements to see a partial amount, since fees may have been deducted.