When conducting international money transfers, ensuring funds reach their destination safely is paramount. One critical factor in this process is verifying the correct SWIFT/BIC code of the recipient's bank. For transactions involving Barclays Bank UK PLC , the institution's unique identifier TPFGGB2EXXX plays a vital role in facilitating accurate and efficient cross-border payments.
Decoding the SWIFT Identifier
The TPFGGB2EXXX code follows the standardized SWIFT format, where each segment carries specific information about the financial institution. The first four characters ( TPFG ) represent the bank code for Barclays, followed by the two-letter country code ( GB ) indicating the United Kingdom. The subsequent characters ( 2E ) denote location-specific details, while the optional final three characters ( XXX ) typically identify a particular branch.
Why Correct SWIFT Codes Matter
Using the precise SWIFT code prevents common transaction issues such as payment delays or misrouted funds. Financial institutions rely on these codes to identify where money should be transferred within the global banking network. Barclays Bank UK PLC, headquartered at 1 Churchill Place, London, E14 5HP, United Kingdom , serves both individual and corporate clients across various financial services.
For those sending money to Barclays accounts from abroad, confirming the recipient's account details alongside the SWIFT code adds an essential layer of security. The bank's extensive international network and established presence in London make it a preferred choice for substantial transactions and global investments.
Streamlining International Banking
Verification of banking details, particularly the SWIFT code, remains a fundamental step in international money transfers. Whether processing personal remittances or commercial payments, accurate financial information helps mitigate transaction risks and safeguards assets during cross-border movement.