HomeBanksGroupe Credit Mutuel-CIC
Groupe Credit Mutuel-CIC International Transfers & Exchange Rates
Credit Mutuel Equity
Quick Info
Published On:
November, 23 2022
Edited On:
March, 22 2023

Groupe Credit Mutuel-CIC International Transfers & Exchange Rates

It’s known as a cooperative bank with more than 30 million customers. They offer a range of financial services, which includes private banking, corporate banking and insurance.

About Groupe Credit Mutuel-CIC

Groupe Credit Mutuel-CIC has its headquarters in Strasbourg, France and was founded in 1882. It’s one of the oldest banks in France and has over 82,000 employees around the world.

Exchange Rates

Exchange rates can result in huge fees, so try to avoid currency conversions when sending money. The exchange rates at Groupe Credit Mutuel-CIC are higher than what you will find at 3rd party services. Therefore, if you would like to save money on frequent currency conversions it makes sense to take advantage of cheaper alternatives.

Transfer Fees

You will not incur a charge when receiving money to your Groupe Credit Mutuel-CIC bank account. However, there are fees for spending money domestically and internationally. The fees are higher if you wish to increase the speed of transfer. Furthermore, you may get charged additional fees depending on where you are sending the money.

Additional Costs

Other costs you will have to pay include getting a bank card and monthly account management fees. However, you get a free bank statement sent to your inbox anywhere in the world, which is a good alternative to using the postal service. You can also use their insurance services to protect mobile theft.

How Do Groupe Credit Mutuel-CIC Transfer Fees Compare to Using a Money Transfer Provider?

The fees at Groupe Credit Mutuel-CIC are higher than what you’ll find when using a 3rd party service. It doesn’t matter if you are sending a small or large sum of money, huge savings can be made by using a 3rd party alternative.

Groupe Credit Mutuel-CIC Pros and Cons


Trusted bank that has been around since 1882
Good quality customer service with free phone numbers
Offers a range of banking services to provide everything the average customer needs
Offer good insurance deals on a variety of assets


The cost of sending money is higher than third party services
Exchange rates are steeper than many 3rd party alternatives
Limited website information about account types and bank cards

Groupe Credit Mutuel-CIC Swift Codes

How to Open an Account and Transfer Money With Groupe Credit Mutuel-CIC on the Website

  • Step 1: navigate to this page and read the information about opening an account.

  • Step 2: create an appointment at the nearest branch, which can only be found in France at the moment.

  • Step 3: make sure to bring a valid Photo ID and proof of address.

Transferring Money

You can send money by logging into your account on the website or using the mobile app. Make sure to have the recipient’s name and IBAN number to send money. You’ll also need a SWIFT code and the recipient’s bank address when sending money internationally.

Can I Use Groupe Credit Mutuel-CIC for International Bank Transfers?

It is possible to send money internationally with Groupe Credit Mutuel-CIC. Using the SWIFT code is required to make use of correspondent banks, which is a secure way of sending money.

When receiving money you’ll need to use the SWIFT code CMCIFRPAXXX and bank address CREDIT MUTUEL - CIC BANQUES, 6 AVENUE DE PROVENCE, PARIS, France.

Additional Information

  • Headquarters in Strasbourg

  • 82,000 employees

  • 17.5EUR billion revenue in 2018

  • Nicolas Thery is the CEO


Groupe Credit Mutuel-CIC is a viable choice to send and receive money. It has a good mobile app and is one of the most trusted French banks. It also offers a range of insurance products if you are looking for those services.

However, the transfer fees and exchange rates can be expensive. You can save money by using a 3rd party service such as Western Union and Xoom. They are trusted services that deliver money quickly to their destination.

Other Banks

April Summers
April Summers
April is a trained journalist and the Content Editor for She has 10 years experience writing about a diverse range of subjects, from financial services to arts and entertainment. When she's not writing about global remittances she can be found daydreaming about her next holiday abroad.

Answers to key questions about Groupe Credit Mutuel-CIC

Can I open a Groupe Credit Mutuel-CIC account in any country?
Does Groupe Credit Mutuel-CIC have an app?
Are there transfer limits?
How long do transfers take with Groupe Credit Mutuel-CIC?
What customer support options are available?
Can I use a Groupe Credit Mutuel-CIC debit card when traveling abroad?
Compare Money Transfer Rates
Get access to the lowest rates by filling out the form below
United Kingdom