Bp Japan Trading Limited SWIFT/BIC code

JATAGB21 – the SWIFT/BIC code of Bp Japan Trading Limited

The 8-character code JATAGB21 and the full code JATAGB21XXX identify the same bank: Bp Japan Trading Limited, with its head office in London. A SWIFT code tells the banks handling a payment exactly which bank is meant to get the money, much like a postcode for banks. It comes up mostly for transfers between countries and payments in foreign currencies.

Further down you will find the practical side: money coming in from abroad, paying someone in another country and how to check a SWIFT code before you hit send. Remember that the SWIFT code only identifies the bank, not the account: the account number or IBAN takes care of that.

Transfer times and tracking a payment to Bp Japan Trading Limited

An international transfer typically takes anywhere from one to several business days. Transfers sent after the cut-off time or on a weekend or public holiday often start the next business day. Compliance checks on larger or unusual payments may also add a delay, even when all details are correct.

If a transfer is late, ask your bank about the tracking status and the transaction reference so they can trace it along the chain. Keep the payment confirmation – you will need it for any trace request.

If the money does not arrive within the expected time, the person who paid needs to contact their own bank rather than Bp Japan Trading Limited. On the receiving end, you can check your statements for a slightly lower amount because fees can reduce the amount.

JATAGB21 or JATAGB21XXX – which one to use?

The structure of every SWIFT code never changes: a bank code of four letters, two for the country and a two-character location code, sometimes followed by a branch code. That gives you JATAGB21.

The 11-character version has three more characters for a branch or department. If the last three are XXX, they simply mean the head office, which is why JATAGB21XXX and JATAGB21 lead to the same place.

Do not add spaces when you enter JATAGB21. Look out for the letter O and the digit 0 or I versus 1.

Sending GBP to Bp Japan Trading Limited

Most accounts at Bp Japan Trading Limited are usually held in GBP, the national currency. When you pay money in a different currency it gets converted somewhere along the way. There is rarely a separate charge for that conversion.

Where the conversion happens has an effect on the final amount. In many cases it is cheaper if you send GBP directly through a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

The GBP rate changes constantly. For regular payments, a slightly better rate add up over a year.

Where our SWIFT data comes from

The codes on this page are taken from publicly available data. Even so, banks merge or change codes, so information can be out of date. The number of codes on this page are based on what is in our directory, not official figures from Bp Japan Trading Limited.

Treat the information here as a handy check. GoldexPay is not affiliated with Bp Japan Trading Limited. If you notice a mistake, we appreciate a short note via the contact page.

What a transfer from Bp Japan Trading Limited abroad really costs

A bank transfer abroad costs rather more than the listed fee. Besides a fixed fee, correspondent or intermediary banks may deduct a fee, and when the money changes currency, the bank often applies a rate that is less favourable than the actual market rate.

Most of the cost usually sits in the exchange rate, not in the fee: the bank converts at a rate with a margin built in. An easy check: set the bank’s rate against the mid-market rate for the same moment and look at the difference.

For many routes, a transfer service turns out to be cheaper than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares these services next to each other so you can see the amount the recipient gets. You can still keep your account at Bp Japan Trading Limited as the source of the money.

Bp Japan Trading Limited: head office code versus branch codes

Bp Japan Trading Limited has 2 separate SWIFT/BIC codes across 1 cities. Only one is the head office code, JATAGB21XXX; the others identify branches, and sometimes internal departments.

For the vast majority of incoming transfers, the head office code JATAGB21XXX works fine. Branch codes are only needed when the recipient’s bank specifically mentions it.

When in doubt, check with the recipient which code their bank gave them. Codes for branches are more likely to be retired than JATAGB21XXX when a bank merges or closes offices.

What to give a sender who pays you at Bp Japan Trading Limited

Someone abroad who wants to pay you needs a few details from you, and missing ones are a common cause of delays. Give them the account holder’s name, your account number or IBAN, the BIC JATAGB21XXX and your address, which some banks require.

Their bank may request the address of your bank. Double-check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

The amount you receive is often lower than the amount sent. Intermediary banks may deduct a fee, Bp Japan Trading Limited may charge for incoming payments, and when currencies differ, an exchange rate margin comes on top. On invoices, you can state how the fees are split, so that nobody is left short.

Scams that use SWIFT codes

A common scam works like this: you receive a message saying that a contact now has a new bank account. A valid SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Before paying, confirm changed bank details through a phone call on a number you know, not one from the message. Urgency and secrecy are red flags – a real supplier can wait a day. If a payment was sent to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

People receiving money can be targeted as well: one known trick is an overpayment and then sends a request to refund the difference abroad. Wait until the money has really arrived and check with Bp Japan Trading Limited if anything seems off.

Verifying the SWIFT code of Bp Japan Trading Limited

The safest source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Check it against JATAGB21 here and ask if anything does not match.

If the code is wrong, the payment might be delayed, bounce back or cost extra, and tracing it can take weeks. Do not forget the IBAN: a mistake there can be more difficult to undo than a wrong BIC.

A validity check by your bank merely tells you that the IBAN exists. Some banks now check the payee name against the account before you confirm. Sending a small amount first can be worth it for large sums.

Paying Bp Japan Trading Limited in euros within SEPA

Because United Kingdom is part of the SEPA zone, a euro transfer into Bp Japan Trading Limited from another SEPA country usually requires just the IBAN. Many banks no longer ask for the BIC in that case or fill it in for you.

You still need JATAGB21XXX for payments in other currencies or money from outside the SEPA area. Some banks and apps also ask for the BIC out of habit; if so, enter JATAGB21.

SEPA transfers normally land by the next business day; instant payments are faster if both banks offer them. Provided the payment stays in euros, the transfer is inexpensive.