Capita Trust Company Limited SWIFT/BIC code

RSATGB21 – the SWIFT/BIC code of Capita Trust Company Limited

The 8-character code RSATGB21 and the full code RSATGB21XXX refer to one and the same institution: Capita Trust Company Limited, with its head office in London. A SWIFT code shows the banks handling a payment exactly which bank is meant to get the money, much like a postcode for banks. You will need it mostly when dealing with transfers between countries and payments in foreign currencies.

Further down we go through the practical questions: money coming in from abroad, paying someone in another country and how to verify a SWIFT code before you hit send. The BIC names a bank or branch, not a specific account.

How up to date is this code?

Our SWIFT/BIC directory is based on publicly available sources. Banks reorganise, close branches and change codes – a directory can be a step behind. Figures such as the number of codes are from our directory and are not confirmed by Capita Trust Company Limited.

See the information here as a handy check. We are an independent comparison service and not part of Capita Trust Company Limited. Spotted outdated information? Tell us through the contact page and we will look into it.

Tracking a transfer to or from Capita Trust Company Limited

A SWIFT payment usually needs anywhere from one to several business days – it depends on currency, route and the banks in between. Weekends and public holidays in either country can add a day or more to the journey. Sometimes a bank asks about the purpose of a payment before releasing it.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each payment carries a unique reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often show a status online so you can see where the money is.

If the money does not arrive after a few business days, the person who paid should contact their own bank. Ask the sender for a copy of the payment confirmation including the reference – it helps your own bank look for the money.

What the XXX in RSATGB21XXX means

The layout of every SWIFT code never changes: a bank code of four letters, two for the country and a two-character location code. Combined, these eight characters make up RSATGB21.

The 11-character version adds a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office.

Enter the code in one piece, in upper case and without spaces, exactly as shown here. Look out for O versus 0 or the letter I and the digit 1, a common source of typos.

Paying Capita Trust Company Limited in euros within SEPA

Since United Kingdom is part of SEPA, a euro transfer to Capita Trust Company Limited from within the SEPA area usually only needs an IBAN. Most banking apps no longer ask for the BIC for these payments or fill it in for you.

The BIC still come into play when the currency is not euros and when the money comes from outside SEPA. If a payment form has a field for the BIC anyway, entering RSATGB21 does no harm.

Euro payments within SEPA normally land within one business day; instant payments are faster if both banks offer them. Provided no currency is converted, the transfer tends to be inexpensive.

Getting paid from abroad into a Capita Trust Company Limited account

When you are waiting for a payment from another country, give the sender everything they need in one go. That means: your name as registered with Capita Trust Company Limited, your IBAN or account number, the SWIFT/BIC code RSATGB21XXX and sometimes your postal address.

Their bank might also ask for the address of your bank, in which case the London head office is the usual answer. Double-check each detail before you send them.

Expect that the amount credited is smaller than what the sender paid. Fees for incoming transfers vary per bank – the price list of Capita Trust Company Limited tells you what applies. Agree with the sender who covers the fees.

Sending money abroad from Capita Trust Company Limited

The price of an international transfer has more than one component, and the transfer fee is only the most visible one. Besides the transfer fee, correspondent or intermediary banks can deduct a fee, and if the money changes currency, the bank often applies a rate that is less favourable than the real market rate.

The markup on the rate tends to be the biggest item even though it is not listed as a fee. Compare the rate you are offered with the mid-market rate; the gap is what conversion costs you.

Money transfer services frequently offer a rate near the mid-market rate. GoldexPay compares transfer providers side by side, showing what actually arrives before you commit. You can still keep your account at Capita Trust Company Limited as the source of the money, while a cheaper service handles the conversion.

Watch out for payment fraud

One of the most common tricks works like this: you receive a message saying that a supplier now has a new bank account. The fact that RSATGB21 exists does not mean that the account is legitimate; criminals use the codes of real banks too.

Before paying, confirm changed bank details through a phone call, using a number you already had. Pressure and requests to keep it quiet tend to be warning signs – a real supplier can wait a day. Acted too fast? Call your bank straight away and ask them to try to recall the payment.

People receiving money are targeted too: a classic trick is an overpayment followed by a request to send back the difference to another account. A screenshot of a transfer proves nothing.

Sending GBP to Capita Trust Company Limited

The local currency of United Kingdom is the British Pound (GBP). A payment in a foreign currency is exchanged into GBP. There is rarely a separate line for the conversion; it is built into the rate.

Who converts the payment makes a difference. Check how much GBP arrives with different providers before choosing one.

The rate for GBP changes throughout the day. If you pay regularly, small differences in the rate make a real difference over a year.

Choosing between the 4 SWIFT codes of Capita Trust Company Limited

Capita Trust Company Limited uses 4 separate SWIFT/BIC codes. One of them is the head office code, RSATGB21XXX; the others belong to branches.

In most cases you do not need to look up a branch: transfers sent to RSATGB21XXX reach Capita Trust Company Limited without problems. A branch code only makes sense when the recipient’s bank explicitly asks for it, which is more common for business accounts and specialised services.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Codes for branches are more prone to change than the head office code when a bank merges or closes offices.

Verifying the SWIFT code of Capita Trust Company Limited

Have the recipient copy the bank details directly from their online banking. Check that code with RSATGB21 here; if they differ, ask before you pay.

Errors in the BIC are annoying more than disastrous. Remember the account number: an error there is more difficult to undo than a wrong BIC.

A validity check in your banking app only confirms that the code is valid, not that it is the right account. More and more banks compare the name against the account. When you pay someone new, some people start with a small amount first.