SWIFT/BIC code MAGRGB21XXX
MAGRGB21XXX belongs to Markit Group in London, United Kingdom.
Code details
| SWIFT/BIC code | MAGRGB21XXX |
|---|---|
| 8-character code | MAGRGB21 |
| Branch code | XXX |
| Bank | Markit Group |
| Branch | Head office |
| City | London |
| Country | United Kingdom |
How the Markit Group SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MAGR Bank code
- 4 letters that identify the bank.
- GB Country code
- 2 letters for the country (ISO 3166).
- 21 Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which institution uses BIC MAGRGB21XXX?
MAGRGB21XXX identifies the main office of Markit Group in London, United Kingdom. Use it when a payment to Markit Group does not need a specific branch.
Do I need MAGRGB21XXX for a euro transfer to United Kingdom?
United Kingdom belongs to the SEPA area. When you send euros the IBAN normally suffices. For other currencies you still need MAGRGB21XXX.
How long does it take to send money to Markit Group in United Kingdom?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Does Markit Group use only one SWIFT/BIC code?
Yes – MAGRGB21XXX is the only SWIFT/BIC code we have for Markit Group in United Kingdom, so there is no branch code to choose.
Is MAGRGB21 and MAGRGB21XXX the same SWIFT code?
Yes, they are. MAGRGB21 is the short version of MAGRGB21XXX. The XXX at the end only means head office, so both routes your payment to Markit Group in London.
What happens if I use MAGRGB21XXX incorrectly?
The payment may be delayed, returned or charged extra fees. Always check MAGRGB21XXX against the details from Markit Group before sending.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.