When sending money internationally, accurately identifying the recipient bank is crucial. The SWIFT/BIC code serves as a critical component in financial transactions, ensuring both the security of funds and the efficiency of transfers. For LLOYDS BANK PLC, the SWIFT/BIC code LOYDGB21033 facilitates seamless cross-border transactions.
About LLOYDS BANK PLC
LLOYDS BANK PLC is a reputable financial institution headquartered at 30 High Street, Coventry, West Midlands, CV1 5RA, United Kingdom. Using the correct SWIFT code, LOYDGB21033 , guarantees timely and successful transactions when transferring funds internationally.
Understanding the SWIFT Code Structure
The SWIFT code is composed of several distinct parts:
- Bank Code (LOYD): Identifies LLOYDS BANK.
- Country Code (GB): Denotes the United Kingdom.
- Location Code (21): Specifies the bank's geographic location.
- Branch Code (033): Pinpoints the specific branch.
Ensuring Accurate Transfers
To avoid delays or potential loss of funds, always verify the SWIFT code before initiating an international transfer. Double-check the bank's full name and address to ensure accuracy. Additionally, when using LOYDGB21033 , compliance with SWIFT network regulations is essential for secure and efficient transactions.
Selecting the correct SWIFT code is paramount for uninterrupted international money transfers. Whether for personal or business purposes, precise information safeguards the integrity and security of financial transactions.