In today’s globalized financial landscape, understanding a bank’s SWIFT code is critical for executing international wire transfers. Using an incorrect SWIFT code can lead to delays or even loss of funds. This article examines the SWIFT code for HSBC UK BANK PLC and outlines key considerations for seamless cross-border transactions.
HSBC UK BANK PLC’s SWIFT code is HBUKGB4B72C , which identifies the bank within the global financial network. The bank is headquartered in Sheffield, South Yorkshire, with its address at Silver Street Head, Mortgage Service Centre, Sheffield, S1 2QA, United Kingdom. Accurate storage and use of this information are essential for successful international transfers.
When initiating a transfer, ensure the SWIFT code is entered correctly, as it facilitates communication and fund routing between banks. For example, if sending $10,000 to France, verifying the recipient bank’s SWIFT code is crucial to avoid failed transactions or processing delays. Additionally, due to varying bank policies and exchange rates, the recipient may receive a different amount than originally sent. A $10,000 transfer, for instance, might yield €8,483 after currency conversion and fees.
To mitigate unexpected costs, senders should research applicable fees and exchange rates beforehand. Double-checking SWIFT codes and banking details before submitting a transaction enhances security and efficiency.
Mastering SWIFT codes and transfer protocols is fundamental to safeguarding funds and ensuring smooth international transactions.