In international wire transfers, using the correct SWIFT/BIC code is critical. Imagine the complications if your money is sent to the wrong bank. To ensure funds reach the intended account accurately, knowing the SWIFT codes of major banks is a fundamental responsibility for every user. This article focuses on the SWIFT/BIC code for Barclays Bank UK PLC to enhance your cross-border payment experience.
Barclays Bank UK PLC’s SWIFT/BIC Code
The SWIFT/BIC code for Barclays Bank UK PLC is BUKBGB22 CLS . This is the key information you must provide when initiating any international transfer involving this bank. Understanding the structure of the SWIFT code helps verify its accuracy. For example:
- BUK : Represents the bank’s name (Barclays).
- GB : Indicates the country (United Kingdom).
- 22 : Refers to a specific branch.
- CLS : Denotes that this code is used for clearing services.
Barclays Bank UK PLC is headquartered at 1 Churchill Place, London, Greater London, E14 5HP. When initiating a transaction, ensure this address is provided alongside the SWIFT code to avoid errors.
Risks of Incorrect SWIFT Codes
Using an incorrect SWIFT code in international transfers can lead to delayed transactions or even loss of funds. Before initiating any transfer, always double-check the SWIFT code against the recipient bank’s official details. Cross-referencing the code BUKBGB22 CLS with Barclays’ verified information can prevent mishaps.
Conclusion
Accurate use of SWIFT/BIC codes is essential for successful international transactions and minimizing financial risks. Whether you are an individual or a business, paying attention to this detail ensures secure and efficient fund transfers. To avoid unnecessary complications, always confirm Barclays Bank UK PLC’s SWIFT/BIC code and associated details before proceeding with any cross-border payment.