Close Wealth Management Limited SWIFT/BIC code

What CLWMGB21 means for a payment to Close Wealth Management Limited

The short code CLWMGB21 and the 11-character code CLWMGB21XXX refer to the same bank: Close Wealth Management Limited in London, United Kingdom. Banks worldwide use these codes to route international transfers to the correct institution. In daily life you mostly see it on invoices from abroad, in payment forms and on the account details that Close Wealth Management Limited provides.

Below you will find the practical questions: receiving money at Close Wealth Management Limited, paying someone in another country and how to check the code before you confirm a payment. Keep in mind that the SWIFT code only identifies the bank, not the person: the IBAN or account number takes care of that.

Why Close Wealth Management Limited has an 8- and an 11-character code

The structure of every SWIFT code is always the same: a bank code of four letters, two for the country and a two-character location code, plus an optional branch code. In this case, the 8-character core is CLWMGB21.

XXX at the end of CLWMGB21XXX does not stand for a placeholder or an error: it indicates the main office of Close Wealth Management Limited. Some forms insist on 11 characters, and then you can add XXX after CLWMGB21.

As a rule the code is written in capitals, without spaces or dashes. A single letter may route a payment to another bank, so copy it carefully.

How long does an international transfer to Close Wealth Management Limited take?

An international transfer usually takes anywhere from one to several business days. Bank holidays in either country can add a day or more, since banks do not process on those days. Compliance checks on larger or unusual payments may also cause some delay, even when all details are correct.

If the money seems delayed, ask your 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 where the payment is.

The bank that sent the money is able to request a trace or a recall. Ask the sender for the payment receipt with the date and reference – it helps your own bank look for the money.

Paying someone abroad from your Close Wealth Management Limited account

An international bank payment can cost rather more than the fee suggests. Besides a fixed fee, correspondent or intermediary banks may take a cut, and when currencies are converted, the bank usually uses 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: many banks convert at a rate with a margin built in. An easy check: set the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

For a lot of routes, a specialist provider turns out to be cheaper than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares transfer providers side by side so you can see the amount the recipient gets. Choosing a specialist does not require leaving Close Wealth Management Limited.

What to give a sender who pays you at Close Wealth Management Limited

When you are waiting for money from abroad, send the payer everything they need in one go. In practice that means: your name as registered with Close Wealth Management Limited, your IBAN or account number, the BIC CLWMGB21XXX and usually your address.

Some sending banks want the address of Close Wealth Management Limited in London. A mistake in your account number is harder to fix than you might think; copy them from your banking app rather than typing.

The amount you receive can be less than what was sent. Correspondent banks can take a fee, and when currencies differ, a markup on the rate applies. For business payments, you can agree how the fees are split, so that nobody is left short.

Changed bank details? Be careful

Fraudsters regularly use payment requests with changed bank details sent from what looks like a familiar address. A correct SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Check new payment details through a separate channel like a call to a number from an earlier contract, not by replying to the message. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Already paid? Call your bank straight away and have them start a recall and report the fraud.

Fraud can also work the other way. Someone claims to have sent more than agreed and wants you to refund the difference to a new account. Do not act before the money has really arrived – ask Close Wealth Management Limited if something looks wrong.

Sending GBP to Close Wealth Management Limited

Most accounts at Close Wealth Management Limited are typically held in GBP, the local currency. Money sent in a different currency will be converted into GBP before it reaches the account. Every conversion costs something, even when no fee is shown.

Who does the conversion affects the final amount, as rates and margins differ per bank. Check how much GBP arrives with several providers; the difference between options can be larger than you expect.

The rate for GBP fluctuates throughout the day and quotes are often valid only for a short time. On larger amounts, a seemingly small difference in the rate adds up quickly.

SEPA payments and the Close Wealth Management Limited BIC

Since United Kingdom is part of SEPA, a euro payment into Close Wealth Management Limited from within the SEPA area normally requires just an IBAN. Most banking apps no longer ask for the BIC in that case or fill it in for you.

You still need CLWMGB21XXX when sending non-euro payments or money from outside the SEPA area. If your banking app has a field for the BIC anyway, entering CLWMGB21 does no harm.

Instant payments in euros have become widely available within SEPA – whether Close Wealth Management Limited offers them for your account is worth checking. Fees for SEPA transfers are generally low.

Verifying the SWIFT code of Close Wealth Management Limited

The most reliable place for the correct BIC remains paperwork issued by the bank. If the code you have differs from CLWMGB21 or CLWMGB21XXX, do not guess – contact the recipient or Close Wealth Management Limited.

Mistakes in the BIC are annoying rather than disastrous – usually the money comes back, minus fees and time lost. A mistake in the IBAN or account number is a bigger problem because it can reach the wrong person.

Many banking apps validate the structure of an IBAN and sometimes look up the BIC automatically – that confirms the format, not the owner. Where available, a name check on the recipient adds extra certainty. For a first payment, many people start with a small amount first before sending the rest.

Where our SWIFT data comes from

The codes on this page are taken from publicly available data that we update regularly. It is possible that information here is out of date, for example after a merger. The number of codes we show reflect what is in our directory, not official figures from Close Wealth Management Limited.

Before a payment that matters, check the BIC with the recipient’s bank or the recipient. We are an independent comparison site for money transfers and not part of Close Wealth Management Limited. Found an error? Tell us through the contact page.

Close Wealth Management Limited: head office code versus branch codes

Close Wealth Management Limited uses 2 separate SWIFT/BIC codes. Only one is the head office code; the others belong to branches or departments.

Unless the recipient tells you otherwise, use CLWMGB21XXX. Only use a branch code when the recipient explicitly asks for it, for example on a letter or invoice.

Unsure which code applies? Ask the recipient or the bank itself. Branch codes are more prone to change than the head office code when a bank merges or closes offices.