Navigating international wire transfers can be daunting, especially when dealing with SWIFT codes. For those sending funds to Lloyds Bank in the UK, knowing the correct SWIFT code—LOYDGB21194—is essential to ensure swift and accurate transactions.
Founded in 1765, Lloyds Bank is one of Britain’s oldest and most reputable financial institutions. When initiating an international transfer, correctly using its SWIFT code minimizes delays or misdirected payments. The bank’s Oxford branch address—1-5 High Street, Oxford, Oxfordshire, OX1 4AB—should also be verified alongside the code to enhance transaction security.
SWIFT codes follow a standardized structure: the first four letters identify the bank (LOYD for Lloyds), followed by a two-letter country code (GB for the UK), a two-digit location code, and an optional three-digit branch identifier. Lloyds Bank’s code, LOYDGB21194, clearly reflects its identity within the global banking network.
For individuals or businesses conducting cross-border transactions, verifying a bank’s SWIFT code is critical. This step becomes especially important for large transfers or first-time international payments, where errors could lead to complications or processing delays.
Familiarity with Lloyds Bank’s SWIFT code not only facilitates seamless international transfers but also instills confidence in global financial dealings. Whether for personal remittances or corporate transactions, this detail serves as a safeguard for efficient and secure fund transfers.