Bloomberg Lp SWIFT/BIC code

SWIFT/BIC code of Bloomberg Lp

The short code BLBGGB2L and the full code BLBGGB2LXXX refer to one and the same institution: Bloomberg Lp in London, United Kingdom. The code does one job: it makes sure that money from abroad reaches the right bank. You will need it mostly when dealing with transfers between countries.

We wrote this page to help anyone who pays into an account at Bloomberg Lp and wants to get the details right. The SWIFT code alone does not identify an individual account holder; for that you need the IBAN or account number .

A note on our data

The codes on this page are taken from public sources. Even so, banks merge or retire codes and our data may lag behind. The number of codes on this page are based on what is in our directory and not on information from Bloomberg Lp itself.

For any payment of any size, always confirm the code with the recipient’s bank or the recipient. We are a comparison site and not affiliated with Bloomberg Lp. Spotted outdated information? Tell us through the contact page and we will look into it.

Incoming international payments to Bloomberg Lp

For an international payment at Bloomberg Lp, the sender needs more than the BIC. Share your name as the bank knows it, the IBAN or account number, the BIC BLBGGB2LXXX and your address, which some banks require.

Certain sending banks want the address of Bloomberg Lp in London; it does no harm to include it. Double-check the details before you share them – a sender rarely spots a mistake in someone else’s details.

Money from abroad will not always arrive in full. Charges on incoming payments differ per bank – the price list of Bloomberg Lp tells you what applies. For business payments, it is common to agree who bears the costs, so that nobody is left short.

Changed bank details? Be careful

Fraudsters regularly use fake invoices containing changed bank details sent from what looks like a familiar address. The fact that BLBGGB2L exists does not mean that the account is genuine; criminals use the codes of real banks too.

Do not trust contact details in the same message that announces the new account. Urgency and secrecy tend to be red flags; a genuine business can wait for you to check. Already paid? Call the bank you paid from without delay and ask them to start a recall and report the fraud.

Recipients can be targeted as well: one known trick is an overpayment followed by a request to send back the difference to another account. Wait until the money has really arrived and check with Bloomberg Lp if anything seems off.

Head office or branch code at Bloomberg Lp?

Our database contains 59 SWIFT/BIC codes for Bloomberg Lp. Besides the head office code BLBGGB2LXXX, there are codes for branches, departments or specific services.

For most incoming transfers, the head office code BLBGGB2LXXX is what you need. Only use a branch code when the recipient explicitly asks for it.

Unsure which code applies? Check with the recipient or the bank itself. Codes are sometimes changed or retired over time, so a code from an old document is not always valid.

Do you need BLBGGB2L for a SEPA transfer?

Within the SEPA zone, euro transfers to an account in United Kingdom use common rules. The BIC field is often optional in that case.

For anything other than euros and from non-SEPA countries, BLBGGB2LXXX or BLBGGB2L remains required. A few forms still ask for the BIC out of habit; if so, enter BLBGGB2L.

Instant euro transfers are widely available across SEPA; check with Bloomberg Lp whether it applies to your account. As long as no currency is converted, the transfer is cheap; it is the conversion that costs money.

British Pound (GBP) and conversion costs

The local currency of United Kingdom is the British Pound (GBP). A payment in a foreign currency will be exchanged into GBP on its way to Bloomberg Lp – and the bank that does it picks the rate. Each conversion eats into the amount, even when no fee is shown.

Which bank converts the money makes a difference: every bank has its own margin. Check how much GBP arrives via different providers before choosing one.

The rate for GBP fluctuates constantly. For regular payments, small differences in the rate make a real difference over a year.

When will the money arrive at Bloomberg Lp?

A SWIFT payment usually takes anywhere from one to several business days. Bank holidays in either country add a day or more. Extra checks by one of the banks may also add a delay.

When a payment takes longer than expected, ask the sending bank for the status and the transaction reference; with that reference banks can see where the payment is. Money transfer services often show a status online so you can see how far the money has got.

A delayed transfer is investigated by the sending bank. On the receiving end, you can check your account to see a partial amount, since fees may have been deducted.

8 or 11 characters: BLBGGB2L versus BLBGGB2LXXX

A SWIFT code is built from a few fixed parts: the first four letters stand for the bank, characters five and six show the country and the two after that indicate the location. For Bloomberg Lp, the 8-character core is BLBGGB2L.

The full version adds three more characters for a branch or department. If the last three are XXX, they simply mean the head office, so BLBGGB2LXXX and BLBGGB2L are interchangeable.

In practice the code is typed in capitals, without spaces or dashes. Watch for O versus 0 or I versus 1.

Verifying the SWIFT code of Bloomberg Lp

The best place to find the right code is a document from the bank itself like a bank statement or the account page in online banking. Check that code with BLBGGB2L here; if they differ, ask before you pay.

With a wrong code, the transfer may be delayed, be returned or end up costing more – sometimes after weeks of searching. A mistake in the account number can be a bigger problem, so check that just as carefully.

Many banking apps validate the format of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. Where available, a payee name check before sending gives an extra layer of safety. When you pay someone new, many people start with a small amount first and wait for confirmation.

International transfers from Bloomberg Lp: the real cost

An international bank payment costs more than the listed fee. Besides the transfer fee, correspondent or intermediary banks may take a cut, and when currencies are converted the bank often uses a rate that is less favourable than the actual market rate.

That exchange rate margin tends to be the biggest cost, and it is easy to miss. A simple test: put the bank’s rate next to the mid-market rate and work out the difference on your amount.

For a lot of currency pairs, a transfer service is less expensive than a bank, mainly because of the exchange rate. Next time you send money, take a minute comparing what arrives on GoldexPay instead of going straight to your bank. You can always keep your account at Bloomberg Lp, while a cheaper service handles the conversion.