Efg Private Bank Limited SWIFT/BIC code

EFGBGB2L – the SWIFT/BIC code of Efg Private Bank Limited

EFGBGB2L and EFGBGB2LXXX are two ways of writing the same SWIFT/BIC code, and both point to Efg Private Bank Limited in London. Banks worldwide use BIC codes to direct international transfers to the right institution. It comes up mainly for payments that cross a border.

On this page we explain how the code means, when you need it and which other details a transfer to or from Efg Private Bank Limited requires. A SWIFT code names a bank or branch, not a specific account, which is why you always need the account number too.

Efg Private Bank Limited: head office code versus branch codes

Our database contains 2 SWIFT/BIC codes for Efg Private Bank Limited. Next to the head office code EFGBGB2LXXX, you will find codes for regional offices and specialised units.

Usually you do not need to pick a branch: payments addressed to EFGBGB2LXXX reach Efg Private Bank Limited correctly. Branch codes are only needed if the account holder specifically mentions it, which is more common for corporate accounts and specialised services.

Unsure which code applies? Check with the recipient or the bank itself. Codes are sometimes changed or retired over time.

Transfer times and tracking a payment to Efg Private Bank Limited

An international transfer typically needs anywhere from one to several business days. Transfers sent late in the day or just before weekends and holidays often start the next business day. Compliance checks by one of the banks can also add a delay.

If a transfer is late, ask the sending bank about the status so they can trace it along the chain. Money transfer services usually provide a status in their app showing how far the payment is.

The bank that sent the money can request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. On the receiving end, it helps to check your statements to see a slightly lower amount, since fees may have been deducted.

Sending GBP to Efg Private Bank Limited

Accounts at Efg Private Bank Limited are typically held in GBP, the local currency. When you pay money in a different currency it gets converted at some point. You rarely see a separate line for that conversion; it is built into the rate.

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

The GBP rate changes throughout the day and quotes are often valid only for a short time. With bigger transfers, a seemingly small gap in the rate can be worth more than the fee.

Scams that use SWIFT codes

Fraudsters regularly use fake invoices containing changed bank details. A real SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Never rely on contact details from the same email that announces the new account. Urgency or requests to keep it quiet tend to be warning signs. When money was sent to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Recipients are targeted too: one known trick is an overpayment and then sends a request to refund the difference to another account. Do not act before the money has really arrived.

About this information

Our SWIFT/BIC directory draws on publicly available sources and is updated regularly. Institutions reorganise, close branches and change codes. Counts and locations are from our directory and may differ from what Efg Private Bank Limited publishes.

Use this page as a starting point, rather than as the last word. We are a comparison site for money transfers and not part of Efg Private Bank Limited. Found outdated information? Tell us through the contact page.

Verifying the SWIFT code of Efg Private Bank Limited

The most reliable source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. When the code you were given does not match EFGBGB2L or EFGBGB2LXXX, stop and ask.

Mistakes in the BIC are costly more than fatal. Remember the account number: a mistake there is harder to correct than a wrong BIC.

Most online banking apps validate the structure of IBANs and some suggest the matching BIC. Some banks now compare the name against the account; take any warning seriously. When you pay someone new, some people start with a small amount first and wait for confirmation.

Incoming international payments to Efg Private Bank Limited

If you are waiting for a payment from another country, give the sender everything they need in one go. Give them the account holder’s name, your account number or IBAN, SWIFT code EFGBGB2LXXX and your address.

Some sending banks also ask for the name and address of Efg Private Bank Limited in London. Check the details before you share them, because the sender’s bank usually copies them as is.

Expect that the amount credited is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee, Efg Private Bank Limited may charge for incoming payments, and if the money is converted, an exchange rate margin comes on top. On invoices, you can agree how the fees are split to avoid a shortfall.

Paying someone abroad from your Efg Private Bank Limited account

A bank transfer abroad costs rather more than the fee suggests. There is the transfer fee, sometimes fees charged by intermediary banks along the way and, most importantly, the exchange rate markup if the currency changes.

Many banks do not list their exchange rate markup separately. Compare the rate you are offered with the mid-market rate. The difference is your real conversion cost.

For many currency pairs, a transfer service turns out to be cheaper than a bank, mainly because of the exchange rate. GoldexPay compares transfer providers next to each other so you can see what actually arrives. You can always use your account at Efg Private Bank Limited as the source of the money; only the conversion and sending happen elsewhere.

Paying Efg Private Bank Limited in euros within SEPA

Since United Kingdom is in SEPA, a euro payment to Efg Private Bank Limited from another SEPA country usually only needs the IBAN. Many banks do not require the BIC for these payments or fill it in for you.

Outside the euro and for senders outside SEPA, EFGBGB2LXXX or EFGBGB2L remains part of the payment details. If a payment form has a field for the BIC regardless, entering EFGBGB2L is fine.

Euro payments within SEPA usually arrive by the next business day. Charges on SEPA payments tend to be low, as long as no currency conversion is involved.

EFGBGB2L or EFGBGB2LXXX – which one to use?

A SWIFT code is made up of fixed blocks: characters one to four stand for the bank, the next two show the country and the two after that mark the location. Together, those parts form EFGBGB2L.

The 11-character version has three more characters for a branch or department. When those three characters are XXX, the code points to the head office, which is why EFGBGB2LXXX and EFGBGB2L lead to the same place.

Do not add spaces, dots when you enter EFGBGB2L. A single character can send the money to another bank, so copy it carefully.