In international money transfers, selecting the correct bank and understanding its SWIFT/BIC code is crucial. For those needing to send funds to SANTANDER UK PLC, the bank's unique identifier ABBYG2LDOC ensures secure and efficient cross-border transactions.
Bank Overview
SANTANDER UK PLC operates from its Manchester headquarters at Floor 8th, Landmark, 1 St Peters Square, Oxford Street, Manchester, Greater Manchester, M1 4PB. The institution provides both international money transfer services and domestic banking solutions, maintaining a strong reputation in the UK financial sector.
The Importance of SWIFT/BIC Codes
These standardized codes, comprising 8-11 alphanumeric characters, serve as global identifiers for financial institutions and their specific branches. The SWIFT/BIC system ensures funds reach the intended destination by precisely routing transactions through the international banking network.
For SANTANDER UK PLC, the code ABBYG2LDOC performs this critical function. When initiating transfers to accounts at this bank, inclusion of this identifier prevents processing delays or misdirected payments.
Verification and Best Practices
Financial institutions periodically update their SWIFT/BIC information. Before initiating any international transfer, verify the current code through official bank channels or trusted financial resources. This simple precaution helps avoid unnecessary complications.
When preparing an international transfer, ensure you have:
- The recipient's full bank name (SANTANDER UK PLC)
- Correct SWIFT/BIC code (ABBYG2LDOC)
- Accurate branch address information
- Proper account details for the beneficiary
Transaction Considerations
Processing times and fees for international transfers vary depending on several factors:
- Transfer amount and currency
- Originating country and bank
- Selected transfer method
- Intermediary bank requirements
For optimal results, consult with your financial institution regarding current processing timelines and applicable charges before initiating transfers to SANTANDER UK PLC accounts.
Understanding the SWIFT/BIC system and proper use of the ABBYG2LDOC code facilitates smooth international transactions with SANTANDER UK PLC, whether for personal remittances or business payments. This knowledge helps ensure funds reach their destination securely and efficiently.