Co-Operative Bank PLC. SWIFT/BIC code

SWIFT/BIC code of Co-Operative Bank PLC.

CPBKGB22 and CPBKGB22XXX are the short and the long form of the same SWIFT/BIC code, and both point to Co-Operative Bank PLC. in London. Banks worldwide use these codes to route international transfers to the correct institution. In practice you mostly come across the code on international invoices, in payment forms and on the account details that Co-Operative Bank PLC. provides.

This page is meant to help anyone who receives money at an account at Co-Operative Bank PLC.. The BIC names a bank or branch, not a specific account.

A note on our data

The details here come from publicly available data. It can happen that a code on this page is no longer current, for example after a merger. Counts and locations are from our directory and are not confirmed by Co-Operative Bank PLC..

Treat our data as a starting point, rather than as the final word – the bank details from the recipient are leading. GoldexPay has no connection to Co-Operative Bank PLC.. Should you notice a mistake, we appreciate a short note via the contact page.

Sending money abroad from Co-Operative Bank PLC.

An international bank payment can cost more than the listed fee. Besides a fixed fee, banks in between can deduct a fee, and when currencies are converted, the bank often applies a rate below the real market rate.

Most of the cost usually sits in the exchange rate: the bank converts using an exchange rate with a margin built in. Check the rate you are offered with the mid-market rate; the gap is what conversion costs you.

Money transfer services frequently use rates closer to the mid-market rate and lower fees. GoldexPay compares transfer providers next to each other so you can see the amount the recipient gets for the same amount sent. Using a transfer service does not mean closing your account at Co-Operative Bank PLC.: you simply pay the service from your account.

Verifying the SWIFT code of Co-Operative Bank PLC.

Have the recipient send you their account details straight from their online banking. When the code you were given does not match CPBKGB22 or CPBKGB22XXX, stop and ask – contact the recipient or Co-Operative Bank PLC..

A wrong SWIFT code may lead to a delay, a payment being sent back or additional charges. Remember the account number: an error there is harder to undo than a wrong code.

An automatic check by your bank only confirms that the IBAN is valid – not that it belongs to the person you mean to pay. If your bank offers it, a payee name check on the recipient adds extra certainty. For a first payment, many people start with a small test amount.

Euro transfers to Co-Operative Bank PLC.: is a BIC needed?

Since United Kingdom is part of SEPA, a euro payment to Co-Operative Bank PLC. from another SEPA country normally requires just an IBAN. Most banking apps do not require the BIC for these payments.

You will still need CPBKGB22XXX when sending payments in other currencies or transfers from countries outside SEPA. If a payment form has a field for the BIC anyway, adding CPBKGB22 is fine.

SEPA transfers usually arrive by the next business day, and instant transfers in seconds where both banks support them. Fees for SEPA payments are generally low.

Receiving money from abroad at Co-Operative Bank PLC.

Someone abroad who wants to pay you will ask for a few details about your account. The basics are: your name, account number or IBAN, CPBKGB22XXX or CPBKGB22 and often your postal address.

The sender’s bank may also ask for the bank address of Co-Operative Bank PLC., in which case the London head office is the usual answer. Check the details before you share them – a sender rarely spots a mistake in someone else’s details.

Do not be surprised if the incoming amount is smaller than what the sender paid. Fees for incoming transfers vary per bank – the price list of Co-Operative Bank PLC. tells you what applies. Make clear with the sender who pays which costs before the money is sent.

Paying into Co-Operative Bank PLC. in GBP

United Kingdom pays in the British Pound, with the currency code GBP. Money sent in a different currency will be converted into GBP on its way to Co-Operative Bank PLC.. You rarely see a separate charge for the conversion; it is built into the rate.

Who converts the money matters: every bank has its own margin. Check what GBP the recipient gets via different services.

The rate for GBP changes constantly and quotes are often valid only for a short time. If you pay regularly, small differences in the rate make a real difference over time.

CPBKGB22 or CPBKGB22XXX – which one to use?

A BIC is built from fixed blocks: the first four letters identify the bank, the next two show the country and characters seven and eight mark the location. For Co-Operative Bank PLC., the 8-character core is CPBKGB22.

The long version has three more characters that identify a branch or department. When those three characters are XXX, they simply mean the head office.

Leave out spaces or dashes when you type CPBKGB22. Pasting the code is safer than typing it by hand: a typo can point to another bank.

Co-Operative Bank PLC.: head office code versus branch codes

We have 214 SWIFT/BIC codes for Co-Operative Bank PLC.. Next to the head office code CPBKGB22XXX, there are codes for regional offices and specialised units.

For the vast majority of incoming transfers, the head office code CPBKGB22XXX works fine. Only use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

The best way is to take the code directly from the recipient’s statement. Codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

How long does an international transfer to Co-Operative Bank PLC. take?

An international transfer typically takes one to a few business days. Weekends and public holidays in either country add extra days to the journey. Extra checks on larger or unusual payments may also add some delay.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every payment gets a unique reference, the UETR. Keep your transfer receipt; it contains the details a bank needs to start a trace.

If a payment has not arrived within the expected time, the sender should start with their own bank, not the receiving bank. On the receiving end, it helps to check your statements for a partial amount, since fees may have been deducted.

Watch out for payment fraud

A common scam works like this: an email arrives with a request claiming that a supplier now has a new bank account and asking you to pay there from now on. A correct SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Never rely on contact details from the same email that contains the change. Urgency or requests to keep it quiet tend to be warning signs – a real supplier can wait a day. Already paid? Call the bank you paid from straight away and ask them to try to recall the payment.

Fraud also target the receiver: someone claims to have sent too much and wants you to return the difference to a new account. Do not act before the money is actually in your account and check with Co-Operative Bank PLC. if anything seems off.