Tga Funds Sicav PLC SWIFT/BIC code

What TGAFMTM1 means for a payment to Tga Funds Sicav PLC

TGAFMTM1 and TGAFMTM1XXX are two ways of writing the same bank identifier, and both lead to Tga Funds Sicav PLC in Mriehel. A SWIFT code tells the banks handling a payment which institution is meant to get the money. In daily life you usually see the code on invoices from abroad, in payment forms and on the account details that Tga Funds Sicav PLC provides.

This page is meant to help people who pays into an account at Tga Funds Sicav PLC. The BIC names a bank or branch, never a specific account.

Watch out for payment fraud

A common scam works like this: an email arrives with a message claiming that a supplier now has new bank details and that the next payment should go there. A correct SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Before paying, confirm changed bank details by phone, using a number you already had. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. Already paid? Contact your bank without delay and ask them to try to recall the payment and report the fraud.

People receiving money are targeted too: a classic trick is a buyer who pays too much followed by a request to send back the difference to another account. Wait until the money has really arrived and check with Tga Funds Sicav PLC if anything seems off.

About this information

We collect SWIFT/BIC codes from publicly available data and check them from time to time. It is possible that information here is out of date. The figures we show reflect our own data, not official figures from Tga Funds Sicav PLC.

For any payment of any size, always confirm the code with the recipient’s bank or with the recipient. We are an independent comparison site for money transfers and not affiliated with Tga Funds Sicav PLC. Found outdated information? Let us know via our contact form.

Incoming international payments to Tga Funds Sicav PLC

To receive a transfer from abroad into your account at Tga Funds Sicav PLC, the person paying you has to have not just the BIC. Give them the account holder’s name, the IBAN or account number, the BIC TGAFMTM1XXX and your address.

The sender’s bank may also ask for the address of your bank. Check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

Money from abroad does not always land in full. Correspondent banks can take a fee, Tga Funds Sicav PLC may charge for incoming payments, and when currencies differ, an exchange rate margin applies. Make clear with the sender who covers the fees before the money is sent.

SEPA payments and the Tga Funds Sicav PLC BIC

Inside SEPA, euro transfers to Tga Funds Sicav PLC use the same rules, so the IBAN does the job in most cases. A field for the BIC is usually optional or missing in that case.

Outside the euro and for senders outside SEPA, TGAFMTM1XXX or TGAFMTM1 is still required. A few forms still ask for the BIC out of habit; if so, fill in TGAFMTM1 or TGAFMTM1XXX.

Instant euro transfers are widely supported across SEPA – whether Tga Funds Sicav PLC offers them for your account is worth checking. Provided the payment stays in euros, the transfer tends to be cheap.

Before you send: check the Tga Funds Sicav PLC code

The most reliable place for the correct BIC is paperwork issued by the bank. Check that code against TGAFMTM1 on this page.

Errors in the SWIFT code are annoying rather than disastrous. Do not forget the account number: an error there is harder to correct than a wrong BIC.

Most online banking apps validate the format of IBANs and some suggest the matching BIC – that confirms the format, not the owner. If your bank offers it, a name check before sending adds an extra layer of safety. Sending a small amount first is worth it for large sums, even if it costs an extra fee.

What the XXX in TGAFMTM1XXX means

A BIC is built from fixed blocks: characters one to four identify the bank, characters five and six give the country and the two after that indicate the location. Combined, those parts make up TGAFMTM1 – the version you usually see online.

The long version has a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office.

In practice the code is typed in capitals and without spaces. Watch for O versus 0 and I versus 1, a common source of typos.

Euro (EUR) and conversion costs

The national currency in Malta is the Euro (EUR). If you send money in a different currency it has to be converted somewhere along the way – by your bank, by Tga Funds Sicav PLC or by a bank in between. Every conversion costs the amount.

Who converts the money makes a difference. Check what EUR the recipient gets via several services before choosing one.

Rates for EUR change during the day – some services let you fix a rate in advance. For recurring payments, small differences in the rate make a real difference over a year.

Tracking a transfer to or from Tga Funds Sicav PLC

There is no single answer for every transfer: some arrive the same day or the next. Payments made after the cut-off time or on a weekend or public holiday often start a business day later. Extra checks on larger or unusual payments can also cause some delay.

If a transfer seems late, ask your bank about the tracking status or the UETR; with that reference banks can see where the payment is. Save your transfer receipt.

If the money does not arrive after a few business days, the person who paid should start with their own bank. As a recipient, it helps to check your account to see a partial amount, since fees may have been deducted.

Head office or branch code at Tga Funds Sicav PLC?

We have 4 SWIFT/BIC codes for Tga Funds Sicav PLC in 1 places. Besides the head office code TGAFMTM1XXX, you will find codes for individual branches and departments.

Unless the recipient tells you otherwise, go with TGAFMTM1XXX or its short form TGAFMTM1. If you have been given a branch code, stick to it instead of swapping it with the head office code.

Not sure which code to use? Check with the recipient, or look at a recent statement from Tga Funds Sicav PLC. Branch codes can change when banks reorganise, so do not rely on old paperwork.

What a transfer from Tga Funds Sicav PLC abroad really costs

An international bank payment costs more than the listed fee. On top of a fixed fee, correspondent or intermediary banks can take a cut, and when the money changes currency, the bank usually applies a rate that is less favourable than the actual market rate.

Banks do not list their exchange rate markup separately, but you pay it all the same. An easy check: put the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

Specialised transfer providers often offer rates closer to the mid-market rate. GoldexPay compares what recipients receive across providers. You can always keep your account at Tga Funds Sicav PLC; only the conversion and sending happen elsewhere.