Bank of America Merrill Lynch International Designated Activity Company, London Branch SWIFT/BIC code

SWIFT/BIC code of Bank of America Merrill Lynch International Designated Activity Company, London Branch

If an invoice shows MLIBGB4X or MLIBGB4XXXX, it is the identical address for Bank of America Merrill Lynch International Designated Activity Company, London Branch in United Kingdom. Every bank on the SWIFT network uses these codes to direct international transfers to the right bank. In practice you mostly see it on invoices from abroad, in your banking app and in the bank details that Bank of America Merrill Lynch International Designated Activity Company, London Branch provides.

We wrote this page to help anyone who receives money at an account at Bank of America Merrill Lynch International Designated Activity Company, London Branch. Remember that the BIC only identifies the bank, not the person: the IBAN or account number does that part.

About this information

We collect bank codes from publicly available data and update our list from time to time. Institutions reorganise, change names and change codes, and a directory never catches every change immediately. Counts and locations are from our own dataset and may differ from what Bank of America Merrill Lynch International Designated Activity Company, London Branch publishes.

Treat the information here as a handy check and rely on the recipient or Bank of America Merrill Lynch International Designated Activity Company, London Branch for the final confirmation. GoldexPay is not affiliated with Bank of America Merrill Lynch International Designated Activity Company, London Branch; we are a comparison site for money transfers. If you notice a mistake, we appreciate a message via the contact page.

Euro transfers to Bank of America Merrill Lynch International Designated Activity Company, London Branch: is a BIC needed?

Since United Kingdom is part of the SEPA zone, a euro payment into Bank of America Merrill Lynch International Designated Activity Company, London Branch from within the SEPA area usually only needs the IBAN. Most banking apps do not require the BIC in that case.

You still need MLIBGB4XXXX for non-euro payments or money from outside the SEPA area. If your banking app asks for the BIC regardless, adding MLIBGB4X is fine.

Instant euro transfers are increasingly supported across SEPA – whether Bank of America Merrill Lynch International Designated Activity Company, London Branch offers them for your account is worth checking. Charges on SEPA transfers tend to be low, as long as no currency conversion is involved.

Transfer times and tracking a payment to Bank of America Merrill Lynch International Designated Activity Company, London Branch

There is no fixed delivery time: many arrive within a day, others take several business days. Transfers sent after the cut-off time or on weekends and holidays often start a business day later. Compliance checks by one of the banks can also add a delay, even when all details are correct.

When a payment takes longer than expected, ask the sending bank about the tracking status so they can trace it along the chain. Money transfer services often show tracking online so you can see how far the money has got.

If a payment has not arrived after a few business days, the person who paid should contact the bank that sent it. Request from the sender the payment receipt – it helps your own bank look for the money.

Which of the 12 codes of Bank of America Merrill Lynch International Designated Activity Company, London Branch do you need?

With 12 codes, Bank of America Merrill Lynch International Designated Activity Company, London Branch is one of the banks that register separate codes for branches. The main code is MLIBGB4XXXX.

For most incoming transfers, the head office code MLIBGB4XXXX is the right choice. Just use a branch code when the recipient explicitly asks for it.

The safest approach is to copy the code straight from the recipient’s statement. Branch codes are more prone to be retired than MLIBGB4XXXX when a bank merges or closes offices.

Before you send: check the Bank of America Merrill Lynch International Designated Activity Company, London Branch code

The most reliable source for a SWIFT code is the recipient’s own bank details. Check it with MLIBGB4X on this page and ask if anything does not match.

Errors in the BIC are costly more than disastrous: often the payment comes back, minus fees. An error in the IBAN or account number is more serious because it can reach the wrong person.

Many banking apps check the format of an IBAN – that confirms the format, not the owner. Where available, a payee name check before sending adds an extra layer of safety. For a first payment, some people send a small test amount and wait for confirmation.

8 or 11 characters: MLIBGB4X versus MLIBGB4XXXX

A SWIFT code is made up of a few fixed parts: the first four letters identify the bank, the next two show the country and the two after that indicate the location. Combined, those parts form MLIBGB4X – the version you usually see online.

The 11-character version adds three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office, so MLIBGB4XXXX and MLIBGB4X are interchangeable.

As a rule the code is typed in capitals. Pasting the code beats retyping it, because one wrong letter changes the bank.

Getting paid from abroad into a Bank of America Merrill Lynch International Designated Activity Company, London Branch account

To receive a transfer from abroad at Bank of America Merrill Lynch International Designated Activity Company, London Branch, the sender has to have more than the SWIFT code. That means: your full name as registered with Bank of America Merrill Lynch International Designated Activity Company, London Branch, your account number or IBAN, the SWIFT/BIC code MLIBGB4XXXX and, often, your address.

Some sending banks also ask for the bank’s address. Check the details before you send them – a sender rarely spots a mistake in someone else’s details.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Intermediary banks may deduct a fee, Bank of America Merrill Lynch International Designated Activity Company, London Branch may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. Make clear with the sender who pays which costs, especially for larger amounts.

International transfers from Bank of America Merrill Lynch International Designated Activity Company, London Branch: the real cost

A bank transfer abroad can cost more than the fee suggests. You pay the fee for the transfer itself, possibly charges from correspondent banks in between and, most importantly, the exchange rate markup when the money is converted.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts at a rate with a margin built in. A simple test: set the bank’s rate against the mid-market rate and work out the difference on your amount.

Specialised transfer providers frequently use a rate near the mid-market rate with clearer fees. Next time you send money, take a minute to compare the total cost via GoldexPay rather than accepting the bank’s rate by default. You can always use your account at Bank of America Merrill Lynch International Designated Activity Company, London Branch to fund the transfer, while a cheaper service handles the conversion.

The British Pound and what conversion costs you

The currency of United Kingdom is the British Pound (GBP). A payment in a foreign currency is exchanged into GBP on its way to Bank of America Merrill Lynch International Designated Activity Company, London Branch, and whoever converts it chooses the rate. Each conversion costs the amount.

Which bank converts the money matters. Sending the amount directly in GBP usually prevents a second conversion.

The GBP rate fluctuates constantly and quotes are often valid only for a short time. On larger amounts, even small gap in the rate adds up quickly.

Protect yourself against fake payment requests

Fraudsters regularly use payment requests containing new bank details, sometimes in an email that looks completely genuine. The fact that MLIBGB4X exists is no guarantee that the account is genuine; criminals use the codes of real banks too.

Never rely on a phone number in the same message that announces the new account. Watch out for time pressure, unusual wording or an email address that differs by one letter. When money was sent to a fraudster, call your bank right away.

Recipients can be targeted as well: a classic trick is an overpayment and then sends a request to send back the difference abroad. A payment confirmation from the sender is no proof.