When conducting international money transfers, the accuracy of banking details determines whether funds reach their intended destination securely. Among these crucial details, the SWIFT/BIC code serves as the most critical identifier for financial institutions worldwide.
For transactions involving Lloyds Bank PLC in the United Kingdom, the correct SWIFT code is LOYDGB21194 . This 11-character identifier ensures proper routing of funds to the bank's Oxford branch located at 1-5 High Street, Oxford, Oxfordshire, OX1 4AB .
Understanding Cross-Border Transactions
International transfers to Lloyds Bank involve multiple financial considerations. When sending $10,000 , for example, the recipient would receive approximately €8,483 , depending on current exchange rates. These transactions typically include:
- Real-time currency conversion
- Variable processing fees
- Potential intermediary bank charges
Best Practices for Secure Transfers
Financial experts emphasize three verification steps before initiating international payments:
1. Double-check the SWIFT code (LOYDGB21194 for Lloyds Bank Oxford)
2. Confirm the recipient's account details
3. Verify any applicable transfer limits or restrictions
Incorrect banking information remains the leading cause of delayed or failed international transfers. Financial institutions typically cannot recover funds sent to wrong accounts due to user input errors, making initial verification paramount.