International money transfers require precise banking information to ensure smooth transactions. One critical element is the SWIFT/BIC code, which serves as a unique identifier for financial institutions worldwide. Barclays Bank UK PLC, one of Britain's largest banks, uses the SWIFT code BUKBGB22CLS for its international operations.
This alphanumeric code performs several essential functions in global finance:
- Identifies the specific bank and branch involved in the transaction
- Ensures funds are routed correctly through the SWIFT network
- Provides security by verifying the recipient institution
The complete details associated with Barclays Bank UK PLC's SWIFT code are:
- Bank Name: Barclays Bank UK PLC
- Headquarters Location: 1 Churchill Place, London, Greater London, E14 5HP
- Country: United Kingdom
Financial experts emphasize the importance of using the correct SWIFT code, as errors can lead to significant delays in processing times. In some cases, incorrect codes may result in funds being returned to the sender or temporarily held in intermediary accounts.
SWIFT codes typically contain 8-11 characters, with each segment conveying specific information about the financial institution. The first four letters identify the bank, the next two represent the country, followed by location codes and optional branch identifiers.
For businesses and individuals conducting frequent international transactions with Barclays Bank UK PLC, maintaining accurate records of the BUKBGB22CLS SWIFT code is essential for efficient financial operations. The bank regularly updates its international banking information to comply with global financial standards and ensure transaction security.
As cross-border payments continue to grow in volume and complexity, understanding and correctly applying SWIFT codes remains fundamental to successful international banking. Verifying these details before initiating transfers can prevent common issues and ensure timely delivery of funds to their intended recipients.