Blackrock Investment Management (UK) Limited SWIFT/BIC code

What MLIGGB21 means for a payment to Blackrock Investment Management (UK) Limited

Whether you are given MLIGGB21 or MLIGGB21XXX, it is the identical identifier for Blackrock Investment Management (UK) Limited in United Kingdom. Every bank on the SWIFT network uses these codes to route payments between countries to the right institution. It comes up mostly when dealing with payments that cross a border or a currency.

On this page we explain what the code is put together, when it matters and which other details you need for a transfer to or from Blackrock Investment Management (UK) Limited. A SWIFT code names an institution, never a single account; the IBAN or account number does that.

What a transfer from Blackrock Investment Management (UK) Limited abroad really costs

An international bank payment can cost more than the listed fee. You pay the transfer fee, sometimes fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate.

That exchange rate margin is often the biggest item. Check their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

For many currency pairs, a specialist provider is cheaper than a traditional bank transfer – mostly thanks to the rate. Before your next transfer, take a minute to compare the total cost on GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not require leaving Blackrock Investment Management (UK) Limited: you simply pay the service from your account.

Changed bank details? Be careful

One of the most common tricks works like this: an email arrives with a message saying that a company now has new bank details and that the next payment should go there. The fact that MLIGGB21 exists does not mean that the account is genuine.

Before paying, verify changed bank details by phone. Watch out for time pressure, unusual wording or a sender address that is slightly off. Acted too fast? Call the bank you paid from straight away and have them try to recall the payment and report the fraud.

Fraud can also work the other way. Someone claims to have sent more than agreed and asks you to return the difference via a different route. Do not act before the money has really arrived and check with Blackrock Investment Management (UK) Limited if anything seems off.

Why Blackrock Investment Management (UK) Limited has an 8- and an 11-character code

A BIC is built from a few fixed parts: the first four letters identify the bank, the next two show the country and characters seven and eight indicate the location. Together, these eight characters make up MLIGGB21 – the version you usually see online.

The long version has three more characters for a branch or department. When those three characters are XXX, the code points to the head office, which is why MLIGGB21XXX and MLIGGB21 lead to the same place.

Enter the code in one piece, in capitals and without separators, exactly as shown here. Look out for the letter O and the digit 0 and I versus 1.

Incoming international payments to Blackrock Investment Management (UK) Limited

A sender in another country will ask for several details from you, and missing ones are a common cause of delays. What they need is: your name, account number or IBAN, MLIGGB21XXX or MLIGGB21 and in many cases your postal address.

Certain banks also ask for the bank’s address. A typo in your account number can be harder to fix than you might think.

Do not be surprised if the incoming amount is smaller than what the sender paid. Intermediary banks may deduct a fee, Blackrock Investment Management (UK) Limited may charge for incoming payments, and if the money is converted, an exchange rate margin comes on top. On invoices, it is common to state how the fees are split to avoid a shortfall.

Tracking a transfer to or from Blackrock Investment Management (UK) Limited

How quickly a transfer reaches Blackrock Investment Management (UK) Limited is determined by a few things: the currency, the number of banks in between, cut-off times and time zones. Payments made after the cut-off time or on weekends and holidays often go out a business day later. Occasionally a bank asks about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, contact the sending bank for the status so they can trace it along the chain. Keep the payment confirmation; it contains the details a bank needs to start a trace.

If a payment has not arrived within the expected time, the sender should contact their own bank. Request from the sender the payment receipt; that often settles the question quickly.

SEPA payments and the Blackrock Investment Management (UK) Limited BIC

United Kingdom belongs to the Single Euro Payments Area (SEPA), where euro transfers follow common rules. When you send euros within SEPA, the IBAN is usually enough.

Outside the euro and for senders outside SEPA, MLIGGB21XXX or MLIGGB21 is still required. Some forms still show a field for the BIC out of habit; in that case, fill in MLIGGB21.

SEPA transfers normally land by the next business day; instant payments are faster if both banks offer them. As long as the payment stays in euros, the transfer tends to be cheap.

Before you send: check the Blackrock Investment Management (UK) Limited code

Have the recipient send you the bank details directly from their online banking. Check that code with MLIGGB21 on this page; if they differ, ask before you pay.

Mistakes in the SWIFT code tend to be costly more than disastrous. Do not forget the account number: an error there is harder to undo than a wrong BIC.

Most online 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. Some banks now compare the payee name with the account; take any warning seriously. A small test payment is worth it for a large first payment, even if it costs an extra fee.

Blackrock Investment Management (UK) Limited: head office code versus branch codes

Blackrock Investment Management (UK) Limited has 2 separate SWIFT/BIC codes across 1 cities. One of them is the head office code, MLIGGB21XXX; the rest identify branches or departments, and sometimes internal departments.

Usually you do not need to pick a branch: transfers addressed to MLIGGB21XXX reach Blackrock Investment Management (UK) Limited without problems. If you have been given a branch code, stick to it instead of swapping it for the head office code.

Not sure which code to use? Check with the recipient or the bank itself. Branch codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

British Pound (GBP) and conversion costs

Most accounts at Blackrock Investment Management (UK) Limited are typically held in GBP, the local currency. If you send money in a different currency, the amount has to be converted at some point. Every conversion eats into something.

Who does the conversion affects how much arrives, since every bank sets its own rate. Sending the money already in GBP often prevents a second conversion, provided the rate you get is fair.

The GBP rate changes throughout the day. If you pay regularly, a slightly better rate add up over a year.

A note on our data

We gather bank codes from public sources and update them from time to time. It is possible that a code here is no longer current, for example after a merger. Counts and locations are from our directory.

Treat the information on this page as a handy check. GoldexPay is not affiliated with Blackrock Investment Management (UK) Limited; we are a comparison site for money transfers. If you notice a mistake, we appreciate a message via the contact page.