Detailed Guide: Using SAS LE CREUSET SWIFT Code for Global Transfers
When dealing with international finance, precision is paramount. The SATEFR22 Business Identifier Code (BIC) is the exclusive digital signature for SAS LE CREUSET located in FRESNOY-LE-GRAND. Without this precise string of characters, your international wire transfer could be delayed, routed to the wrong intermediary, or returned with significant banking fees.
1. Understanding the 11-Character Logic
The code SATEFR22 is not a random sequence. It follows a strict ISO-9362
hierarchy that tells the global financial system exactly where your money needs to land:
- SATE: The Bank Code representing SAS LE CREUSET globally.
- FR: The Country Code, identifying that the bank is regulated under France laws.
- 22: The Location Code, usually pointing to the FRESNOY-LE-GRAND hub.
- XXX: The Branch Code, specifying this exact physical office.
2. How to Receive Money in FRESNOY-LE-GRAND
If you are a resident or business owner in FRESNOY-LE-GRAND, you must provide the following information to your international sender. For transactions involving SAS LE CREUSET, ensure these fields are filled accurately in the MT103 (SWIFT Message Type):
| Field Name | Required Value |
|---|---|
| Beneficiary Name | Your Full Legal Name |
| Account Number | IBAN or Regional Account Format |
| BIC/SWIFT | SATEFR22 |
| Destination Bank | SAS LE CREUSET |
| Branch Location | FRESNOY-LE-GRAND, France |
3. Potential Fees & Intermediary Banking
It is important to note that a transfer to SAS LE CREUSET might not be direct. Depending on the relationship between your sender's bank and the FR banking system, an "Intermediary Bank" might be involved. These banks may deduct a "Handling Fee" ranging from $15 to $50. Always ask your sender to choose the OUR instruction if they wish to cover all costs, or SHA to share the fees with you.
4. Frequently Asked Questions (Verified Answers)
What happens if I use the Head Office SWIFT instead of the FRESNOY-LE-GRAND branch code?
In most cases, SAS LE CREUSET will
automatically route the funds to your account based on your Account Number/IBAN. However,
using the local SATEFR22 is recommended for faster processing
and lower risk of manual intervention.
Is SATEFR22 the same as a Routing Number?
No. Routing numbers are primarily used for domestic transfers within the USA. For international transfers to France, the SWIFT code is the standard identifier used by the global banking network.
How can I verify if this code is still active?
The code SATEFR22 for
SAS LE CREUSET is part of the latest directory update. We
periodically refresh our database to ensure all codes for FRESNOY-LE-GRAND are compliant
with current financial standards.
Note: Financial data changes. While SATEFR22 is
verified for SAS LE CREUSET, always perform a small test transfer for high-value
transactions. This resource is for educational purposes regarding the banking infrastructure in
FRESNOY-LE-GRAND, France.