Coats Limited SWIFT/BIC code

What CJPCGB22 means for a payment to Coats Limited

CJPCGB22 and CJPCGB22XXX are the short and the long form of the same bank identifier, and both point to Coats Limited in Uxbridge. A SWIFT code shows the sending bank exactly which bank should receive the money. It comes up mostly for payments that cross a border or a currency.

We wrote this page to help anyone who sends money to an account at Coats Limited without mistakes. The BIC names an institution, never a single account.

What a transfer from Coats Limited abroad really costs

A bank transfer abroad can cost rather more than the listed fee. You pay the transfer fee, sometimes fees charged by intermediary banks in between and, above all, the margin on the exchange rate when the money is converted.

Many banks do not list their exchange rate markup separately. A simple test: set the rate you get against the mid-market rate and work out the difference on your amount.

Specialist money transfer services frequently use a rate near the mid-market rate and lower fees. Next time you send money, it is worth to compare the total cost via GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not require leaving Coats Limited – you pay the provider from your own account.

Paying Coats Limited in euros within SEPA

Because United Kingdom is part of SEPA, a euro payment to Coats Limited from another SEPA country normally requires just the IBAN. Many banks no longer ask for the BIC for these payments or fill it in for you.

You still need CJPCGB22XXX for payments in other currencies or money from outside the SEPA area. If a payment form has a field for the BIC anyway, adding CJPCGB22 does no harm.

Instant payments in euros have become increasingly available across SEPA – whether Coats Limited offers them for your account is worth checking. Charges on SEPA transfers are generally low as long as everything stays in euros.

A note on our data

Our SWIFT/BIC directory is based on publicly available sources. Still, banks merge, rename themselves or retire codes. The figures on this page are based on what is in our directory and not on information from Coats Limited itself.

Treat the information on this page as a helpful check, and let the details from the recipient or Coats Limited have the final say. GoldexPay has no connection to Coats Limited, we only compare transfer services. If you notice something that is out of date, we appreciate a message.

How long does an international transfer to Coats Limited take?

How quickly a payment arrives at Coats Limited is determined by several factors: the currency, how many intermediary banks are involved, cut-off times and differences in time zone. Transfers sent late in the day or on a weekend or public holiday often go out the next business day. Extra checks by one of the banks can also cause some delay.

When a payment takes longer than expected, contact the sending bank for the tracking status so they can trace it along the chain. Specialist transfer services often provide a status in their app so you can see how far the payment is.

The bank that sent the money can start an official trace – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for the payment receipt including the reference – it helps your own bank look for the money.

Which of the 3 codes of Coats Limited do you need?

Having 3 codes in 2 locations, Coats Limited is one of the banks that register separate codes for parts of the organisation and departments. The main code remains CJPCGB22XXX.

Usually you do not need to look up a branch: payments sent to CJPCGB22XXX reach Coats Limited correctly. Only use a branch code when your contact explicitly asks for it, for example on a letter or invoice.

The best way is to take the code straight from the account holder’s invoice. Codes can change when banks reorganise.

How to check CJPCGB22 before you pay

The best place to find the right code remains a document from the bank itself, such as a statement or the account details in online banking. Compare that code against CJPCGB22 here; if they differ, ask before you pay.

A wrong SWIFT code can cause a delay, a payment being sent back or extra fees for investigation. An error in the IBAN or account number is more serious, because the money may be credited to someone else; check it just as carefully.

Most online banking apps check the format of an IBAN and some suggest the matching BIC. If your bank offers it, a payee name check before sending adds an extra layer of safety. For a first payment, many people start with a small amount first before sending the rest.

Scams that use SWIFT codes

Fraudsters regularly send fake invoices containing changed bank details sent from what looks like a familiar address. The fact that CJPCGB22 exists does not mean that the account is legitimate – fraudsters use real bank codes as well.

Check new payment details through a different channel, such as a phone number you already know, not by replying to the message. Pressure and requests to keep it quiet are red flags; a genuine business can wait for you to check. When money has already gone to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Recipients are targeted too: a classic trick is a buyer who pays too much and then sends a request to refund the difference. A screenshot of a transfer is no proof.

Why Coats Limited has an 8- and an 11-character code

The structure of every SWIFT code never changes: four characters for the institution, a two-letter country code and two for the location, sometimes followed by a branch code. That gives you CJPCGB22 for Coats Limited.

The 11-character version adds a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office, so CJPCGB22XXX and CJPCGB22 are interchangeable.

In practice the code is typed in capitals. Pasting the code is safer than retyping it: a typo can point to another bank.

Getting paid from abroad into a Coats Limited account

When you expect a payment from another country, send the payer everything they need in one go. The basics are: the account holder’s name, IBAN or account number, CJPCGB22XXX or CJPCGB22 and, for some countries, your home address.

Their bank may also ask for the bank address of Coats Limited; the head office in Uxbridge is usually fine. Double-check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

Do not be surprised if the incoming amount is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee, and if the currency changes, an exchange rate margin comes on top. Agree with the sender who covers the fees before the money is sent.

The British Pound and what conversion costs you

Accounts at Coats Limited are typically held in GBP, the national currency of United Kingdom. Money sent in a different currency is converted into GBP. You rarely see a separate charge for that conversion.

Who does the conversion affects the final amount. Check what GBP the recipient gets with several services; the difference between options can be larger than you expect.

The GBP rate changes constantly, so the amount you see is usually only valid for a short time. For recurring payments, a slightly better rate make a real difference over a year.