When making cross-border money transfers, one of the most critical pieces of information you'll need is the correct SWIFT/BIC code. This unique identifier ensures your funds reach the intended bank safely and efficiently. For those conducting business with Lloyds Bank PLC in the United Kingdom, having the accurate SWIFT code is paramount.
Lloyds Bank PLC SWIFT Code: LOYDGB21194
Bank Address: 1-5 High Street, Oxford, Oxfordshire, OX1 4AB, United Kingdom
The SWIFT code (also known as BIC code) serves as a global standard for identifying financial institutions. These codes undergo periodic updates, making it essential to verify you're using the most current information before initiating any international transfer. Using the correct code—LOYDGB21194 for Lloyds Bank PLC—helps prevent potential delays or failed transactions.
International banking transactions require precision. An outdated or incorrect SWIFT code can result in funds being routed to the wrong institution or becoming temporarily frozen in the banking system. Financial experts recommend double-checking these details with both your sending bank and the recipient bank before authorizing any transfer.
In today's evolving financial landscape, having accurate banking information significantly enhances the security and efficiency of cross-border transactions. The SWIFT system provides a reliable framework for global money movement, but its effectiveness depends on users providing correct, up-to-date codes.