When making international wire transfers, selecting the appropriate SWIFT code is crucial for ensuring funds reach their destination securely. Taking SANTANDER UK PLC as an example, with its SWIFT code ABBYGB2LDOC , this unique identifier enables financial institutions to route payments accurately, preventing delays or misdirected funds.
Established in Manchester, England, SANTANDER UK PLC maintains its headquarters at Floor 8th, Landmark, 1 St Peters Square, Oxford Street, Manchester, Greater Manchester, M1 4PB, United Kingdom. Verifying these details is essential when initiating transfers, as precise banking information safeguards against processing errors.
Financial institutions rely on the standardized SWIFT system (officially known as BIC - Business Identifier Code) to facilitate cross-border transactions. Each code combines 8-11 alphanumeric characters that uniquely identify banks worldwide. The components specify the institution ( ABBY ), country ( GB ), location ( 2L ), and optional branch code ( DOC ).
To ensure transaction efficiency, remitters must verify three critical elements: the exact SWIFT code, complete bank name, and physical address. Even minor discrepancies in spelling or formatting may trigger compliance reviews or failed transfers. Most banking institutions provide code verification services through official websites or customer service channels.
The SWIFT network operates as the financial industry's secure messaging system, processing over 42 million transaction instructions daily. Its standardized protocols enable real-time tracking and fraud prevention across 200+ countries. While alternative systems like IBAN handle account identification, SWIFT codes remain indispensable for interbank communication.
For individuals managing international payments, financial experts recommend cross-referencing SWIFT details with multiple authoritative sources. Some institutions maintain separate codes for different transaction types or currency conversions. When transferring substantial amounts, consider initiating a small test payment to confirm routing accuracy before proceeding with the full amount.