Have you ever felt confused about which SWIFT/BIC code to use when making international transfers? If you need to send funds to BANK OF SCOTLAND PLC, having the correct information is crucial. This article provides a detailed explanation of BANK OF SCOTLAND's SWIFT code and how to use it properly.
What Is a SWIFT Code?
A SWIFT code, also known as a BIC (Bank Identifier Code), is a unique identifier consisting of 8 to 11 alphanumeric characters. It ensures that international money transfers reach their intended destination accurately. Understanding the structure and function of SWIFT codes is essential for anyone conducting cross-border transactions.
BOFSGB3EXXX - BANK OF SCOTLAND's SWIFT Code
The SWIFT code for BANK OF SCOTLAND PLC is: BOFSGB3E XXX . This code contains the following information:
- BOFS : Bank identifier for BANK OF SCOTLAND
- GB : Country code (United Kingdom)
- 3E : Specific branch code
- XXX : Optional branch identifier (used to specify a particular service point)
When to Use the SWIFT Code
You will need to use BOFSGB3EXXX when sending funds to BANK OF SCOTLAND PLC. Always verify the SWIFT code before initiating a transfer to ensure it matches the recipient bank's details.
Additional Required Information
When making an international transfer, you should also provide the following bank details:
- Address : 110 St. Vincent Street, Glasgow, Glasgow City, G2 5ER
- City : Glasgow
- Country : United Kingdom
Accurate information helps expedite the transfer process and minimizes potential errors or delays.
Structure and Meaning of SWIFT/BIC Codes
SWIFT/BIC codes follow a standardized format:
- The first four letters represent the bank's name.
- The next two letters indicate the country code.
- The following two characters (letters or digits) typically denote the bank's location or region.
- The last three characters (if present) identify a specific branch.
Understanding this structure makes it easier to recognize and verify SWIFT/BIC codes for any bank.
SWIFT codes are indispensable for international money transfers. Familiarizing yourself with these details ensures your funds are transferred accurately, quickly, and securely.