Navigating international bank transfers can be daunting, especially when verifying banking details across borders. One critical piece of information for seamless transactions is the correct SWIFT/BIC code. For Lloyds Bank PLC in London, the SWIFT code LOYDGB21006 ensures secure and efficient cross-border payments.
Why the SWIFT Code Matters
Lloyds Bank PLC, a leading UK financial institution, provides comprehensive banking services, including international money transfers. The SWIFT code LOYDGB21006 is essential for directing funds to the bank from overseas. Using the correct code safeguards against delays, additional fees, or failed transactions due to incorrect details.
Key Details for International Transfers
When sending money to Lloyds Bank PLC from abroad, ensure the following:
- SWIFT/BIC Code: LOYDGB21006 (specifically for Lloyds Bank PLC in London).
- Bank Address: 115-117 Oxford Street, London, Greater London, W1D 2HW, United Kingdom.
- Recipient Information: Include the beneficiary’s full name, account number, and any additional required details.
Avoiding Common Pitfalls
Accuracy is paramount. Double-check all provided information, including the SWIFT code and recipient details, to prevent errors that could disrupt the transfer. Whether the payment is for purchases, bill settlements, or other financial obligations, confirming consistency with Lloyds Bank’s records is crucial.
Choosing a Reliable Transfer Method
International remittances can be initiated through online banking, third-party platforms, or traditional bank services. Prioritize security and efficiency by selecting a trusted provider. Cross-verify the SWIFT code and accompanying details to mitigate risks.
In today’s globalized financial landscape, understanding SWIFT codes simplifies international transactions. By using LOYDGB21006 correctly, senders can ensure their funds reach Lloyds Bank PLC securely and without complications.