Diageo PLC SWIFT/BIC code

What DIAGGB2L means for a payment to Diageo PLC

DIAGGB2L and DIAGGB2LXXX are two ways of writing the same SWIFT/BIC code, and both lead to Diageo PLC in London. Banks worldwide use these codes to direct payments between countries to the correct bank. It comes up mainly when dealing with transfers between countries.

On this page we explain how the code is put together, when you need it and which other details you need for a transfer to or from Diageo PLC. The SWIFT code alone cannot identify a personal account; for that you need the account number or IBAN is for.

Why Diageo PLC has an 8- and an 11-character code

A BIC is made up of a few fixed parts: the first four letters identify the bank, characters five and six show the country and the two after that indicate the location. The result is DIAGGB2L for Diageo PLC.

XXX at the end of DIAGGB2LXXX is not a placeholder or a mistake: it indicates the main office of Diageo PLC. Some banking apps ask for 11 characters, in which case you simply enter XXX behind DIAGGB2L.

Type the code in one piece, in upper case and without separators, exactly as shown here. Watch for O versus 0 or I versus 1.

Choosing between the 2 SWIFT codes of Diageo PLC

Our database contains 2 SWIFT/BIC codes for Diageo PLC in 2 places. Besides the head office code DIAGGB2LXXX, there are codes for regional offices and specialised units.

In most cases you do not need to pick a branch: payments addressed to DIAGGB2LXXX reach Diageo PLC without problems. Only use a branch code when the recipient explicitly asks for it.

The best way is to take the code directly from the recipient’s statement. Branch codes are more prone to be retired than DIAGGB2LXXX when a bank merges or closes offices.

Verifying the SWIFT code of Diageo PLC

The safest source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. If the code you have does not match DIAGGB2L or DIAGGB2LXXX, do not guess.

Errors in the BIC tend to be costly rather than fatal. Remember the account number: a mistake there is harder to undo than a wrong BIC.

An automatic check in your banking app only tells you that the code exists, not that it is the right account. Some banks now check the payee name with the account; take any warning seriously. Sending a small amount first is worth it for a large first payment despite the extra fee.

Sending GBP to Diageo PLC

The national currency in United Kingdom is the British Pound (GBP). If you send another currency gets converted somewhere along the way – by your bank, by Diageo PLC or by a bank in between. Each conversion costs something, even when no fee is shown.

Which bank converts the money makes a difference: every bank has its own margin. Check what GBP arrives with different providers before choosing one.

The GBP rate changes throughout the day, so the amount you see is usually only valid for a short time. With bigger transfers, even small gap in the rate can be worth more than the fee.

Incoming international payments to Diageo PLC

If you are waiting for a payment from another country, give the sender everything they need in one go. Give them your name as the bank knows it, the IBAN or account number, the BIC DIAGGB2LXXX and your address.

The sender’s bank may also ask for the bank address of Diageo PLC. A typo in the IBAN can be more trouble than you might think; copy them from your banking app rather than typing.

Expect that the amount credited is below what the sender paid. Fees for incoming transfers vary per bank; check the price list of Diageo PLC. Agree with the sender who covers the fees before the money is sent.

A note on our data

The codes on this page come from publicly available data that we update regularly. Even so, banks merge or change codes and our data may lag behind. Counts and locations are from our directory and may differ from what Diageo PLC publishes.

Treat the information here as a helpful check. We are an independent comparison service for money transfers and not part of Diageo PLC. Should you notice a mistake, we welcome a short note.

Scams that use SWIFT codes

One of the most common tricks goes like this: an email arrives with a message saying that a company has new bank details and asking you to pay there from now on. The fact that DIAGGB2L exists is no guarantee that a request mentioning it is genuine; criminals use the codes of real banks too.

Never rely on a phone number from the same email that contains the new account. Watch out for time pressure, unusual wording or an email address that differs by one letter. If money has already gone to the wrong account, call your bank right away – speed improves the chance of getting it back.

Recipients can be targeted as well: one known trick is an overpayment followed by a request to refund the difference. A screenshot of a transfer proves nothing.

What a transfer from Diageo PLC abroad really costs

When you send money abroad via Diageo PLC, the visible fee is only part of what you pay. There is the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate if the currency changes.

That exchange rate margin is often the largest item. An easy check: set the bank’s rate against the mid-market rate and look at the difference.

Money transfer services often use a rate near the mid-market rate with clearer fees. Before your next transfer, it is worth comparing the total cost via GoldexPay rather than accepting the bank’s rate by default. You can still use your account at Diageo PLC as the source of the money, while a cheaper service handles the conversion.

Euro transfers to Diageo PLC: is a BIC needed?

United Kingdom is part of the SEPA area, the zone for uniform euro payments. When you send euros from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

You still need DIAGGB2LXXX when sending non-euro payments or money from outside the SEPA area. A few forms also ask for the BIC; in that case, enter DIAGGB2L or DIAGGB2LXXX.

Instant payments in euros are increasingly available within SEPA – whether Diageo PLC offers them for your account is worth checking. As long as the payment stays in euros, a SEPA transfer is cheap.

When will the money arrive at Diageo PLC?

There is no single delivery time: many land within a day. Bank holidays in the sending or receiving country add extra days to the journey. Sometimes a bank wants to know about the purpose of a payment.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique reference, the UETR. Money transfer services often show a status online showing where the payment has got.

If a payment has not arrived within the expected time, the sender needs to start with their own bank rather than Diageo PLC. Request from the sender a copy of the payment confirmation including the reference; that often settles the question quickly.