SWIFT/BIC codes in St. Pierre & Miquelon

St. Pierre & Miquelon: banks and their SWIFT/BIC codes

For St. Pierre & Miquelon we have 2 SWIFT/BIC codes, spread over 2 banks. A SWIFT code tells the banks handling a transfer exactly which bank is meant to get the money.

Look for the recipient’s bank below and open its page to see all codes we have and the details a transfer needs. Further down you can read how a code from St. Pierre & Miquelon is put together, how to send money there without overpaying and what to check before you pay.

Paying a bank in St. Pierre & Miquelon from abroad

St. Pierre & Miquelon is not part of the SEPA area. Payments from abroad normally travel through the SWIFT network, and the BIC of the receiving bank is required.

Not all countries use IBAN numbers – where there is none, the local account number is enough. Ask the recipient exactly which details their bank requires for payments from abroad – many banks give clear instructions for this. Before it arrives, a payment may pass through intermediary banks that charge for their part.

Tracking a payment to St. Pierre & Miquelon

How fast a payment arrives in St. Pierre & Miquelon depends on a few things: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Payments made late in the day or just before weekends and holidays usually start the next business day.

When a payment takes longer than expected, ask the sender to contact the sending bank for a trace. Save the payment confirmation; a bank needs it to start a trace.

What a sender needs to pay you in St. Pierre & Miquelon

For a transfer from abroad into a St. Pierre & Miquelon account, the person paying you has to have not just the BIC. That means: your full name as your bank knows it, your IBAN or account number, the BIC of your bank and sometimes your address.

The code of your bank is in our list. You can add the name and city of your bank as well.

Do not be surprised if the incoming amount is below what the sender paid. Intermediary banks may deduct a fee, your bank may charge for incoming payments, and when currencies differ, a markup on the rate applies. Agree with the sender who pays which costs.

What the letters in a St. Pierre & Miquelon BIC mean

Bank identifier codes follow the same format worldwide: eight characters plus an optional three-character extension. It starts with four letters for the bank, then two letters for the country and a two-character location code.

You can recognise a bank code from St. Pierre & Miquelon from letters five and six. When the country letters do not match St. Pierre & Miquelon, you are looking at a bank somewhere else.

If the last three are XXX, it refers to the main office, and the 8-character version leads to the same place. For most transfers the head office code is fine.

Paying in EUR: what conversion costs you

The currency of St. Pierre & Miquelon is the Euro (EUR). When you pay money in a different currency, it has to be converted at some point – by your bank, a bank in between or the recipient’s bank.

Who does the conversion has an effect on how much arrives, as rates and margins differ per bank. Often it is cheaper to send EUR straight away via a transfer service with a good rate rather than letting the receiving bank convert. With bigger transfers, a seemingly small difference in the rate adds up quickly.

The cheapest way to send money to St. Pierre & Miquelon

A bank transfer to St. Pierre & Miquelon often costs more than the fee suggests. There is a transfer fee, possibly fees from correspondent banks and, most importantly, the exchange rate markup if the money is converted.

That exchange rate margin is often the largest part of the cost because it is hidden in the rate. A simple test: set the offered rate against the mid-market rate and look at the difference.

Money transfer services often use rates closer to the mid-market rate. Before your next transfer to St. Pierre & Miquelon, it is worth to compare the total cost via GoldexPay.

How reliable is this list?

The most reliable source for the BIC is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. A wrong code can cause a delay, a returned payment or extra fees.

We gather bank codes from publicly available data and update our list from time to time. Still, banks merge or change codes and our data may lag behind. Before any payment of any size, confirm the code with the recipient. GoldexPay is not a bank and has no link to the banks in this list.

Watch out for payment requests containing changed bank details, especially when they come by email. A valid BIC tells you nothing about whether a request is genuine.

Caisse D'epargne Cepac (Formerly Banque de Saint-Pierre et Miquelon) and its SWIFT codes

Caisse D'epargne Cepac (Formerly Banque de Saint-Pierre et Miquelon) tops the list of St. Pierre & Miquelon banks when it comes to the number of SWIFT/BIC codes. The head office of Caisse D'epargne Cepac (Formerly Banque de Saint-Pierre et Miquelon) has BDILPMPMXXX; that is usually the right code for a transfer.

How many codes a bank has tells you more about how it registers branches and services than about how big it is. Paying someone at Caisse D'epargne Cepac (Formerly Banque de Saint-Pierre et Miquelon)? Use BDILPMPMXXX except when a specific branch code is requested.