UK Barclays Bank Swift with Iban Code: International money transfers are becoming normal for people, corporations, and organizations in today’s interconnected global economy. In order to facilitate seamless and effective international transactions, it is important to comprehend the global bank and account identifier codes: The Society for Worldwide Interbank Financial Telecommunication (SWIFT) and IBAN (International Bank Account Number) codes.
This post explores these codes in detail for Barclays Bank UK, offering thorough guidance to help you transact internationally with confidence and clarity.
Knowing About Barclays Bank UK
A significant retail and commercial bank in the UK is Barclays Bank UK. It is a division of Barclays PLC, one of the biggest global providers of financial services. For individuals, companies, and corporate clients, Barclays Bank UK provides a comprehensive array of financial products and services, such as current and savings accounts, loans, mortgages, credit cards, investment products, and wealth management services.
The bank uses a network of branches, ATMs, internet banking platforms, and mobile banking apps to service millions of clients throughout the United Kingdom. Barclays Bank UK is renowned for its cutting-edge online banking options and dedication to client support.
IBAN (International Bank Account Number)
- Structure: An IBAN is a unique international bank account identifier, consisting of up to 34 characters in a standardized format. For Barclays UK accounts, it comprises:
- Country code (2 letters): GB
- Check digits (2 digits)
- Bank code (4 digits): BARC
- Sort code (6 digits)
- Account number (8 digits)
- Purpose: The IBAN facilitates accurate routing of international payments to the correct recipient account, minimizing errors and delays.
- Finding Your IBAN: You can locate your Barclays UK IBAN in several ways:
- Online banking or mobile app
- Bank statements
- Contacting Barclays customer service
- Using the IBAN generator tool on Barclays’ website
Barclays Bank UK Iban And Swift Code
| Barclays IBAN example in the United Kingdom | GB13BUKB60161331926819 |
|---|---|
| IBAN in print format | GB13 BUKB 6016 1331 9268 19 |
| Country code | GB |
| Check digits | 13 |
| Bank code | BUKB |
| Sort code | 601613 |
| Bank account number | 31926819 |
SWIFT (Society for Worldwide Interbank Financial Telecommunication) Code
- Structure: A SWIFT code, also known as a BIC (Bank Identifier Code), is an 8-11 character code that identifies a specific bank or financial institution globally. Barclays UK’s SWIFT codes include:
- General code: BUKBGB22
- Specific codes for different services (e.g., BARCGB22XXX for general payments)
- Purpose: The SWIFT code ensures secure and efficient communication between banks during international transactions, ensuring funds reach their intended destination.
When to Use IBAN and SWIFT Codes
Making International Payments
- If you’re sending money to a Barclays UK account from abroad, you’ll typically need both the IBAN and SWIFT codes.
- Provide these codes to the sending bank or financial institution to initiate the transfer accurately.
Receiving International Payments
- To receive international payments into your Barclays UK account, share your IBAN and SWIFT code with the sender.
- These codes enable them to initiate the transfer correctly and ensure funds arrive in your account.
Additional Considerations
- Fees: International payments often incur fees, varying depending on the amount, currencies involved, and intermediary banks. Check with Barclays for specific fee information.
- Processing Times: International transfers typically take 1-5 business days to complete, depending on the destination and currencies involved.
- Alternative Payment Methods: Consider online money transfer services for potentially faster and cheaper international transactions.
FAQ About Barclays Bank UK IBAN and SWIFT Code:
1. What is an IBAN and why is it important for international transactions?
An IBAN (International Bank Account Number) is a unique identifier for bank accounts internationally. It ensures accurate routing of payments to the correct recipient account, minimizing errors and delays in cross-border transactions.
2. How is the IBAN structured for Barclays UK accounts?
The IBAN for Barclays UK accounts consists of a country code (GB), check digits, bank code (BARC), sort code, and account number.
3. Where can I find my Barclays UK IBAN?
You can find your Barclays UK IBAN through online banking or the mobile app, on bank statements, by contacting Barclays customer service, or by using the IBAN generator tool on Barclays’ website.
4. What is a SWIFT code and why is it necessary for international transactions?
A SWIFT code, or BIC (Bank Identifier Code), identifies a specific bank or financial institution globally. It ensures secure and efficient communication between banks during international transactions, directing funds to the correct recipient.
5. What are the SWIFT codes for Barclays UK?
Barclays UK’s SWIFT codes include a general code (BUKBGB22) and specific codes for different services (e.g., BARCGB22XXX for general payments).
6. When should I use IBAN and SWIFT codes?
Use both the IBAN and SWIFT codes when sending money to a Barclays UK account from abroad, and share them with the sender when receiving international payments into your Barclays UK account.
7. What are some considerations for international payments with Barclays UK?
Consider potential fees associated with international payments, processing times (typically 1-5 business days), and alternative payment methods for potentially faster and cheaper transactions.
8. Where can I get more information or assistance regarding Barclays UK IBAN and SWIFT codes?
For further information or assistance, you can contact Barclays customer service or visit their official website for guidance on international transactions and banking services.
Conclusion
In conclusion, this piece highlights the importance of SWIFT and IBAN codes for cross-border transactions using Barclays Bank UK. It gives instructions on how to locate your Barclays UK IBAN and SWIFT code and gives a thorough explanation of the composition and function of both numbers.
The article highlights the importance of these codes in guaranteeing precise and safe financial transfers and offers advice on whether to use them for sending or receiving foreign payments. It also addresses crucial factors that should be taken into account in order to improve comprehension and enable seamless cross-border transactions, such as costs, processing times, and alternative payment options.
