When conducting international money transfers, ensuring funds reach their intended destination accurately is paramount. The SWIFT/BIC code serves as a critical component in this process. This article focuses on SANTANDER UK PLC and its specific SWIFT code: ABBYYGB2LANB.
Understanding SWIFT Codes
SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes are international standard identifiers for banks and their branches. These codes typically consist of 8 to 11 characters, containing:
- Bank identification code
- Country code
- Location code
- Optional branch code
This standardized system ensures precise identification of financial institutions during cross-border transactions.
SANTANDER UK PLC's Banking Details
For clients transferring funds to SANTANDER UK PLC, accurate use of the bank's SWIFT code is essential. The institution's London address is:
2 Triton Square, London, Greater London, NW1 3AN
The complete SWIFT code ABBYYGB2LANB must be used without errors, along with proper completion of all transfer form details.
The Transfer Process
When initiating a transfer through banking services, the system will typically request the recipient bank's SWIFT code. Key considerations include:
- Verifying the exact spelling of the SWIFT code
- Double-checking all recipient banking information
- Confirming transfer fees and exchange rates
Common errors involve incorrect SWIFT code usage, which may result in delayed or failed transactions.
Transaction Monitoring
After initiating a transfer, tracking the transaction status remains crucial. Most banks provide reference numbers that allow customers to monitor fund movement until successful completion.
Proper understanding and application of SANTANDER UK PLC's SWIFT code ABBYYGB2LANB represents fundamental knowledge for anyone engaged in international financial transactions. Accurate information and careful attention to detail ensure smooth processing of cross-border payments.