Royal Exchange LTD SWIFT/BIC code

ROEXPKK1 – the SWIFT/BIC code of Royal Exchange LTD

The short code ROEXPKK1 and the 11-character code ROEXPKK1XXX refer to one and the same institution: Royal Exchange LTD, with its head office in Sialkot. A BIC has a single purpose: it ensures that money from abroad ends up at the right bank. It comes up mainly when dealing with payments that cross a border or a currency.

We wrote this page to help anyone who pays into an account at Royal Exchange LTD and wants to get the details right. The BIC names an institution, never a specific account; the IBAN or account number does that.

Getting paid from abroad into a Royal Exchange LTD account

For an international payment into your account at Royal Exchange LTD, the sender has to have more than the BIC. That means: your full name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code ROEXPKK1XXX (or ROEXPKK1) and usually your postal address.

Their bank might also ask for the bank address of Royal Exchange LTD, in which case the Sialkot head office is the usual answer. A mistake in the IBAN can be harder to fix than it looks.

Money from abroad will not always arrive in full. Charges on incoming payments vary from bank to bank; check the price list of Royal Exchange LTD. Make clear with the sender who pays which costs before the money is sent.

Transfer times and tracking a payment to Royal Exchange LTD

An international transfer usually takes anywhere from one to several business days – it depends on currency, route and the banks in between. Payments made late in the day or just before weekends and holidays usually go out a business day later. Sometimes a bank wants to know about the purpose of a payment.

A growing number of banks use SWIFT gpi. Every payment carries a unique reference, the UETR, which your bank can use to see where the money is. Save the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

If a payment has not arrived after a few business days, the person who paid should contact the bank that sent it, not the receiving bank. Request from the sender the payment receipt; that often settles the question quickly.

A note on our data

The codes here come from public sources which we refresh regularly. Even so, banks merge, rename themselves or retire codes. The number of codes on this page reflect what is in our directory.

Treat our data as a reference, rather than as the final word. GoldexPay is an independent comparison service for money transfers and not affiliated with Royal Exchange LTD. Found outdated information? Tell us through the contact page and we will look into it.

ROEXPKK1 or ROEXPKK1XXX – which one to use?

Each SWIFT/BIC code has the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. In this case, the 8-character core is ROEXPKK1.

The full version adds three more characters that identify a branch or department. If the last three are XXX, the code points to the head office, so ROEXPKK1XXX and ROEXPKK1 are interchangeable.

Leave out spaces or dashes when you enter ROEXPKK1 or ROEXPKK1XXX. Copying the code is safer than retyping it, because one wrong letter changes the bank.

Is ROEXPKK1 still correct? How to check

The best place to find the correct BIC is paperwork issued by the bank like a bank statement or the account page in online banking. When the code you were given differs from ROEXPKK1 or ROEXPKK1XXX, stop and ask: check with the recipient or with Royal Exchange LTD directly.

If the code is wrong, the payment might be delayed, be returned or cost extra – sometimes after weeks of searching. An error in the account number is a bigger problem.

A format check in your banking app merely tells you that the code is valid – not that it belongs to the person you mean to pay. Where available, a payee name check before sending adds an extra layer of safety. For a first payment, many people start with a small test amount and wait for confirmation.

What a transfer from Royal Exchange LTD abroad really costs

An international bank payment can cost rather more than the listed fee. On top of the transfer fee, banks in between may deduct a fee, and if the money changes currency, the bank often applies a rate below the actual market rate.

That exchange rate margin is often the biggest item, and it is easy to miss. A simple test: set the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

Specialised transfer providers frequently use rates closer to the mid-market rate and lower fees. Next time you send money, it is worth to compare the total cost on GoldexPay rather than accepting the bank’s rate by default. You can always keep your account at Royal Exchange LTD to fund the transfer, while a cheaper service handles the conversion.

Head office or branch code at Royal Exchange LTD?

Having 3 codes, Royal Exchange LTD belongs to the banks that register separate codes for branches and departments. The head office code remains ROEXPKK1XXX.

If nobody asks you for a branch code, go with ROEXPKK1XXX or its short form ROEXPKK1. If you have been given a branch code, use it as it is rather than swapping it for the head office code.

The best way is to take the code straight from the recipient’s bank details. Codes for branches are more prone to be retired than ROEXPKK1XXX.

Protect yourself against fake payment requests

One of the most common tricks works like this: you receive a message claiming that a company has a new bank account and that the next payment should go there. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Verify changed payment details through a separate channel, never via the email that asked for the change. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. If money was sent to the wrong account, call your bank right away – speed improves the chance of getting it back.

People receiving money can be targeted as well: one known trick is a buyer who pays too much and then sends a request to send back the difference to another account. A payment confirmation from the sender is no proof; only your own account shows what has arrived.