In the global financial system, the success of a transfer often hinges on accurate bank identification details. One critical component is the SWIFT/BIC code, which facilitates international monetary transactions. For instance, BARCLAYS BANK UK PLC uses the SWIFT code BUKBGB22 SLD , a vital piece of information when sending or receiving funds across borders.
Headquartered at 1 Churchill Place, London, Greater London, E14 5HP, United Kingdom , BARCLAYS BANK UK PLC relies on its unique 8- to 11-character SWIFT code to ensure funds reach the intended institution without error. The code acts as a postal address for international transfers, combining letters and numbers to identify the bank, its country, and even specific branches.
The structure of the SWIFT code reveals key details: the first four letters ( BUKB ) represent the bank, the following two letters ( GB ) denote the country (United Kingdom), and the next two digits ( 22 ) pinpoint the London branch. The optional SLD suffix may further refine the destination to a specific department or service.
Using the correct SWIFT/BIC code is essential for both personal and corporate transactions. An incorrect code can delay transfers or misdirect funds to unintended recipients, leading to financial complications. Verifying the SWIFT code with the recipient bank before initiating a transfer is a critical step to avoid such issues.
For transactions involving BARCLAYS BANK UK PLC, the SWIFT code BUKBGB22 SLD must be used alongside the bank’s full address. Precision in these details enhances transaction security, efficiency, and minimizes the risk of financial loss. Vigilance in cross-border payments ensures every element withstands scrutiny.