In international bank transfers, selecting the correct SWIFT/BIC code is critical to ensuring smooth transactions. For example, the SWIFT code for BANK OF SCOTLAND PLC is HBTSGBKB XXX , which encapsulates essential details such as the bank’s name, location, and address. Entering the SWIFT code accurately helps prevent delays or complications in the transfer process.
About BANK OF SCOTLAND PLC
Founded in 1695, BANK OF SCOTLAND PLC is one of the United Kingdom’s leading commercial banks. Its SWIFT code details are as follows:
- Bank Name : BANK OF SCOTLAND PLC
- City : LONDON
- Address : 33 OLD BROAD STREET, LONDON, GREATER LONDON, EC2N 1HZ
- Country : UNITED KINGDOM
Steps to Ensure SWIFT Code Accuracy
When using a SWIFT code, follow these steps to verify its correctness:
- Confirm Bank Details : Ensure the SWIFT code matches the recipient’s bank.
- Verify Branch Information : If using a branch-specific SWIFT code, confirm that the branch aligns with the recipient’s account.
- Check Country Relevance : If the bank operates in multiple countries, verify that the SWIFT code corresponds to the correct country.
Regularly validating and updating SWIFT codes is essential to maintain their accuracy. A correct SWIFT code guarantees that funds reach the intended account without unnecessary delays. This is particularly crucial for large transactions, where attention to detail minimizes potential risks.