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Société Générale International Transfers & Exchange Rates
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Published On:
November, 24 2022
Edited On:
March, 23 2023

Société Générale International Transfers & Exchange Rates

Société Générale or SocGen is the third largest bank in France and the sixth-largest in Europe by total assets. The bank was established in the 19th century and is internationally known for its commercial and retail banking services.

About Société Générale

SocGen has over 138,000 employees and operates in over 62 countries, serving more than 29 million customers. This page provides a comprehensive review of this bank’s international transfers.

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Société Générale Exchange Rates and Fees

Here’s an overview of Société Générale’s costs:

Transfer Fees

The bank's international transfers fall under Single Euro Payments Area (SEPA) transfers and other international transfers. Its fees range from €0.80 to €38, depending on the type of transfer.

Additional Costs

With a Societe Generale account, you'd have to pay an account-keeping fee of €24 per year. If an account becomes dormant for 12 months, the bank also charges €30 annually. Also, the receiving bank could impose bank charges that SocGen doesn't cover.

Exchange Rate

The typical exchange rate margin can be as high as 4.5% from the mid-market rate.

How Do Société Générale's Transfer Fees Compare to Using a Money Transfer Provider?

At approximately €38 per non-SEPA transfer for less than a €500 amount, plus a 4 to 5% exchange rate margin and a subscription fee for maintaining an account with them, SocGen has a costlier option in sending money internationally compared to most money transfer providers.

Most providers charge small if not zero transfer fees, plus their exchange rate margins are minimal. For instance, the online peer-to-peer currency exchange marketplace CurrencyFair has an average markup from the mid-market of less than 1%. And the fee it charges per transaction is only €3 (or its currency equivalent), regardless of the amount.

And, of course, most providers also don't require a subscription fee for simply maintaining an account with them. All the revenue that providers earn usually comes from just transactional costs.

Société Générale Pros and Cons

Here are just some of the advantages and disadvantages of using Société Générale international transfers:


Multi-currency support: One advantage of SocGen's transfers is that you have a choice to send money to a non-European account in over 30 different currencies.
Instant Transfers: The bank also offers transfers that get processed within 10 seconds for a small fee of €0.80 under instant SEPA transfers.
Secure transactions: Societe Generale adds a layer of security to your transfers by enabling you to confirm online transactions with a service called Security Pass. You also have the capability of monitoring the status of your transfers through the "Follow-up of transfer" section from your online banking app's customer area.


Numerous additional costs: The bank adds plenty of charges unrelated to transfers. This includes account management fees, fees for an inactive account, penalties for non-execution of standing transfers for lack of funds, and others.
Selected instant SEPA transfers: Not all establishments with the SEPA zone are eligible, so you must first consult with SocGen about the receiving bank.
High exchange rate margins: The 4 to 5% exchange rate markup from the mid-market rate is high compared to most money transfer providers.

Société Générale Bank Swift Codes

Banka Societe Generale AlbaniaAlbaniaTirana
Societe GeneraleAustriaVienna
Societe Generale Belgian Head OfficeBelgiumBrussels
Societe Generale De Banques Au BeninBeninCotonou
Banco Societe Generale Brasil S ABrazilSao Paulo
Societe Generale ExpressbankBulgariaVarna
Societe Generale De Banques Au Burkina SgbbBurkina FasoOuagadougou
Societe Generale De Banques Au CamerounCameroonDouala
Societe Generale De Banques Au CamerounCameroonYaounde
Societe Generale CanadaCanadaMontreal
Societe Generale Canada BranchCanadaMontreal
Societe Generale CanadaCanadaToronto
Societe Generale Canada BranchCanadaToronto
Societe Generale TchadChadNdjamena
Societe Generale China LimitedChinaBeijing
Societe Generale China LimitedChinaGuangzhou
Societe Generale China LimitedChinaShanghai
Societe Generale Splitska Banka DdCroatiaSplit
National Societe Generale Bank SaeEgyptCairo
Societe Generale De Banque En Guinee EquatorialeEquatorial GuineaMalabo
Societe GeneraleFranceAgen
Societe GeneraleFranceAix En Provence
Societe GeneraleFranceAjaccio
Societe GeneraleFranceAlbi
Societe GeneraleFranceAlencon
Societe GeneraleFranceAles
Societe GeneraleFranceAmiens
Societe GeneraleFranceAngers
Societe GeneraleFranceAnnecy
Societe GeneraleFranceAnnemasse
Societe GeneraleFranceAntibes
Societe GeneraleFranceArcachon
Societe GeneraleFranceArles
Societe GeneraleFranceArmentieres
Societe GeneraleFranceArras
Societe GeneraleFranceAubervilliers
Societe GeneraleFranceAurillac
Societe GeneraleFranceAvignon
Societe GeneraleFranceBar Le Duc
Societe GeneraleFranceBastia
Societe GeneraleFranceBayonne
Societe GeneraleFranceBeauvais
Societe GeneraleFranceBelfort
Societe GeneraleFranceBesancon
Societe GeneraleFranceBethune
Societe GeneraleFranceBeziers
Societe GeneraleFranceBlois
Societe GeneraleFranceBondy
Societe GeneraleFranceBordeaux

How to Open an Account and Transfer Money With Société Générale?

You can begin the account opening process by completing an online form or scheduling an appointment at one of SocGen's branches. Once your account is activated, head over to the customer area of the bank's app and initiate the transfer.

Opening an Account

The following are the documents required to open an account with SocGen:

  • Valid ID (e.g., national identity card, passport, or residence permit)

  • Proof of address that is not more than six months old (e.g., EDF, France Télécom)

  • Proof of income (e.g., payslips less than three months old, tax notice)

These documents are necessary whether you're opening an account online or at one of the bank's premises.

Transferring Money

Transferring money with SocGen is pretty straightforward. Here are the steps:

  • Step 1: From the customer's area of the banking app, click "Make a Transfer."

  • Step 2: Choose "International Transfers."

  • Step 3: Fill in the requested fields (e.g., sender account, currency, amount, etc.).

  • Step 4: Review the details of the transaction and then click "Confirm."

  • Step 5: Validate the transaction with Security Pass, and once done, the transaction is recorded.

Additional Information

It should be noted that Non-SEPA transfer's availability is subject to the customer and the beneficiary country's eligibility for the service. International transfers with SocGen require a subscription to Remote Banking, with the Security Pass service activated as well.

Also, transferring funds online is recommended rather than through one of the bank's branches to avoid paying a significantly higher cost. There is an extra €5 is imposed on standard transfers, while international transfers have an additional €33 for less than €500 transactions.

Customer Service Details for Users of Société Générale

The following are SocGen's phone numbers:

  • Remote Advisers: +33 (1) 76 77 3933 (Monday to Friday from 8 a.m. to 10 p.m. and Saturday from 8 a.m. to 7 p.m.)

  • Technical Assistance: +33 (1) 42 14 58 58 (Monday to Saturday, 8 a.m. to 7 p.m.)


SocGen's chatbot system (SoBot) is an easy way to navigate FAQs, and it's available on the bank's mobile app and website. SoBot can also assist in checking transactions, expenses, balances, etc.

Secure Chat

Another alternative to get support is to chat with an Advisor. From the mobile app, there is a secure chat option. The messaging service ensures security and confidentiality wherein neither the bank nor its Advisor asks for personal data. All the communication is limited within the customer area of the app.

Can I Use Société Générale for International Bank Transfers?

Yes, and there are two options to do it: SEPA transfers and international transfers. You also have the option to set transfers as permanent or occasional. However, to start sending money, you must first have an account with the bank.


Societe Generale is an excellent choice for customers who want to send money from France to other countries and vice versa. Its money transfers aim to provide safe and secure transactions through ancillary services like funds tracking, transfer follow-up, and Security Pass. However, despite the apparent benefits, SocGen remains a costly way to send money internationally. This is because of the number of its non-transfer-related fees and the costs attached to a single transfer.

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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.

Key Questions About Société Générale

Can I Open a Société Générale Account in Any Country?
Does Société Générale Have an App?
Are There Transfer Limits?
How Long Do Transfers Take With Société Générale?
What Customer Support Options Are Available?
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