In today's globalized economy, international money transfers have become an indispensable part of financial activities for both individuals and businesses. Among the critical components facilitating these transactions, SWIFT/BIC codes serve as vital identifiers for banks during cross-border fund transfers. This article examines the SWIFT code SRLGGB2LXXX belonging to Starling Bank Limited in the United Kingdom and explains its proper usage in international payments.
Decoding Starling Bank's SWIFT/BIC
Starling Bank Limited, headquartered in London, operates with the SWIFT/BIC code SRLGGB2LXXX . This 11-character identifier follows the standardized format established by the Society for Worldwide Interbank Financial Telecommunication (SWIFT):
- SRLG - Bank code (Starling Bank's unique identifier)
- GB - Country code (United Kingdom)
- 2L - Location code (London)
- XXX - Branch identifier (primary office when XXX appears)
Practical Application in International Transfers
When initiating an international transfer to Starling Bank, the sender must specify the complete SWIFT code SRLGGB2LXXX to ensure accurate routing of funds. This applies equally to incoming and outgoing transactions. Verification of the correct SWIFT code remains crucial to prevent processing delays or misdirected payments.
The bank's physical headquarters are located at: Floor 5, London Fruit and Wool Exchange, 1 Duval Square, London, Greater London, E1 6PW, United Kingdom. Including this address alongside the SWIFT code provides additional verification for transaction processing.
The Critical Role of SWIFT Codes
SWIFT/BIC codes serve multiple essential functions in international banking:
- Precise identification of financial institutions worldwide
- Standardized formatting for automated processing
- Geographical routing information within the code structure
- Security measure against payment errors
For corporate clients, accurate SWIFT code usage proves particularly important when conducting cross-border business transactions, including supplier payments and international procurement operations. The same precision requirements apply to personal banking customers sending funds abroad.
Best Practices for SWIFT Code Usage
Financial institutions recommend several precautions when working with SWIFT codes:
- Verify the code directly with the recipient bank when possible
- Confirm whether the institution requires an IBAN in addition to the SWIFT code
- Be aware that codes may occasionally change due to bank mergers or restructuring
- Double-check all transaction details before submission
As international financial collaboration continues to expand, the importance of SWIFT/BIC codes in global transactions will only increase. Proper understanding and application of these identifiers, including Starling Bank's SRLGGB2LXXX , form the foundation for secure and efficient international money transfers across all user categories.