Bank of Tokyo-Mitsubishi Ufj, LTD., The SWIFT/BIC code

What BOTKGB2E means for a payment to Bank of Tokyo-Mitsubishi Ufj, LTD., The

The 8-character code BOTKGB2E and the 11-character code BOTKGB2EXXX refer to the same bank: Bank of Tokyo-Mitsubishi Ufj, LTD., The, with its head office in London. Banks worldwide use these codes to direct payments between countries to the right institution. In practice you usually come across it on invoices from abroad, in payment forms and in the bank details that Bank of Tokyo-Mitsubishi Ufj, LTD., The provides.

We wrote this page to help anyone who pays into an account at Bank of Tokyo-Mitsubishi Ufj, LTD., The and wants to get the details right. Remember that the SWIFT code just identifies the bank, not the person: the IBAN or account number takes care of that.

Incoming international payments to Bank of Tokyo-Mitsubishi Ufj, LTD., The

For an international payment into your account at Bank of Tokyo-Mitsubishi Ufj, LTD., The, the person paying you needs more than the SWIFT code. What they need is: the account holder’s name, IBAN or account number, BOTKGB2EXXX and, for some countries, your home address.

Certain banks want the name and address of Bank of Tokyo-Mitsubishi Ufj, LTD., The in London, so keep it at hand. Double-check the details before you share them, because the sender’s bank usually copies them as is.

Expect that the incoming amount is smaller than what the sender paid. Fees for incoming transfers vary per bank. Agree with the sender who pays which costs before the money is sent.

A note on our data

We collect SWIFT/BIC codes from public sources and check them from time to time. Even so, banks merge or change codes and our data may lag behind. Counts and locations are from our directory.

For a payment that matters, confirm the code with the recipient’s bank or the recipient. We are an independent comparison site for money transfers and not part of Bank of Tokyo-Mitsubishi Ufj, LTD., The. Should you notice a mistake, we welcome a short note via the contact page.

Head office or branch code at Bank of Tokyo-Mitsubishi Ufj, LTD., The?

Having 2 codes, Bank of Tokyo-Mitsubishi Ufj, LTD., The belongs to the banks that use individual codes for parts of the organisation and departments. The head office code remains BOTKGB2EXXX.

In most cases you do not need to look up a branch: payments sent to BOTKGB2EXXX are routed within Bank of Tokyo-Mitsubishi Ufj, LTD., The without problems. Just use a branch code when your contact gives you that exact code, for example on a letter or invoice.

If you are not sure, ask the person you are paying which code their bank gave them. Codes for branches are more likely to be retired than BOTKGB2EXXX when a bank merges or closes offices.

Transfer times and tracking a payment to Bank of Tokyo-Mitsubishi Ufj, LTD., The

How fast a payment reaches Bank of Tokyo-Mitsubishi Ufj, LTD., The depends on several factors: the currency, the number of banks in between, cut-off times and differences in time zone. Weekends and public holidays in either country add a day or more, since banks do not process on those days. Extra checks by one of the banks can also add some delay, regardless of the details.

If a transfer seems late, ask your bank for the tracking status and the transaction reference; with that reference banks can see where the payment is. Specialist transfer services usually provide a status online showing how far the payment is.

A missing payment has to be investigated by the sending bank, using the payment confirmation. On the receiving end, it helps to check your account for a partial amount, since fees may have been deducted.

Protect yourself against fake payment requests

Criminals regularly use fake invoices containing changed bank details. A valid SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Always confirm a change of bank details through a phone call. Watch out for urgent requests, odd spelling or a sender address that is slightly off. When money has already gone to the wrong account, call your bank right away.

Fraud also target the receiver. Someone sends more than agreed and wants you to refund the extra. A screenshot of a transfer proves nothing.

Sending GBP to Bank of Tokyo-Mitsubishi Ufj, LTD., The

United Kingdom pays in the British Pound, with the currency code GBP. Money sent in a different currency will be converted into GBP – and the bank that does it picks the rate. Every conversion eats into the amount.

Where the conversion happens has an effect on how much arrives, since every bank sets its own rate. Often you pay less to send GBP directly via a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

The rate for GBP fluctuates throughout the day and quotes are often valid only for a short time. For recurring payments, a slightly better rate make a real difference over time.

Why Bank of Tokyo-Mitsubishi Ufj, LTD., The has an 8- and an 11-character code

The structure of a BIC never changes: four characters for the institution, a two-letter country code and a two-character location code, plus an optional branch code. Together, these eight characters form BOTKGB2E.

The 11-character version adds three more characters for a branch or department. If the last three are XXX, the code points to the head office, so BOTKGB2EXXX and BOTKGB2E are interchangeable.

Leave out spaces or dashes when you enter BOTKGB2E or BOTKGB2EXXX. Copying the code beats retyping it: a typo can point to another bank.

Euro transfers to Bank of Tokyo-Mitsubishi Ufj, LTD., The: is a BIC needed?

Since United Kingdom is in SEPA, a euro payment to Bank of Tokyo-Mitsubishi Ufj, LTD., The from another SEPA country usually requires just the IBAN. Most banking apps no longer ask for the BIC for these payments.

For anything other than euros and for senders outside SEPA, BOTKGB2EXXX or BOTKGB2E is still required. Some forms also show a field for the BIC out of habit; if so, fill in BOTKGB2E or BOTKGB2EXXX.

Instant euro transfers have become widely available within SEPA; check with Bank of Tokyo-Mitsubishi Ufj, LTD., The whether it applies to your account. As long as no currency is converted, a SEPA transfer tends to be inexpensive; costs rise once a conversion is involved.

Sending money abroad from Bank of Tokyo-Mitsubishi Ufj, LTD., The

When you transfer money abroad via Bank of Tokyo-Mitsubishi Ufj, LTD., The, the fee you see is only part of the cost. Besides the transfer fee, correspondent or intermediary banks may deduct a fee, and if currencies are converted the bank usually applies a rate below the actual market rate.

The markup on the rate tends to be the biggest item. An easy check: set the bank’s rate next to the mid-market rate for the same moment and look at the difference.

Money transfer services often offer a rate near the mid-market rate. On GoldexPay we compare what recipients receive with different providers, which makes the cheapest option easy to spot. You can always use your account at Bank of Tokyo-Mitsubishi Ufj, LTD., The to fund the transfer.

Is BOTKGB2E still correct? How to check

Have the recipient copy the account details straight from a recent statement. Compare it against BOTKGB2E on this page and ask if anything does not match.

A wrong SWIFT code may lead to delays, a payment being sent back or extra fees along the way. An error in the IBAN or account number can be a bigger problem because it can reach the wrong person.

Many banking apps validate the structure of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. More and more banks check the name against the account before you confirm – do not ignore a mismatch warning. When you pay someone new, many people start with a small amount first and wait for confirmation.