Euro Exim Bank LTD (Representative Office) SWIFT/BIC code

Euro Exim Bank LTD (Representative Office) SWIFT code: EUEIGB22

EUEIGB22 and EUEIGB22XXX are two spellings of the same bank identifier, and both point to Euro Exim Bank LTD (Representative Office) in Borehamwood. A SWIFT code tells the sending bank exactly which bank is meant to get the money, a bit like a postal address for banks. It comes up mostly when dealing with payments that cross a border and payments in foreign currencies.

On this page you can read what the code means, when it matters and what else a transfer to or from Euro Exim Bank LTD (Representative Office) requires. The SWIFT code alone does not identify a personal account; for that you need the IBAN or account number .

Sending GBP to Euro Exim Bank LTD (Representative Office)

Most accounts at Euro Exim Bank LTD (Representative Office) are usually held in GBP, the national currency of United Kingdom. When you pay money in a different currency gets converted somewhere along the way: by your bank, an intermediary or Euro Exim Bank LTD (Representative Office) itself. There is rarely a separate charge for that conversion; it is built into the rate.

Who does the conversion affects the final amount, as rates and margins differ per bank. Often you pay less if you send GBP directly through a transfer service with a good rate.

The rate for GBP fluctuates throughout the day, so the amount you see is usually only valid for a short time. If you pay regularly, small differences in the rate make a real difference over time.

What to give a sender who pays you at Euro Exim Bank LTD (Representative Office)

Someone abroad who wants to pay you will ask for a few details from you – incomplete details often cause delays. What they need is: your name, IBAN or account number, EUEIGB22XXX and often your postal address.

The sender’s bank may also ask for the address of your bank; the head office in Borehamwood is usually fine. A mistake in your account number can be harder to fix than you might think, so copy the details from your online banking.

Expect that the incoming amount is below what the sender paid. Correspondent banks can take a fee, and when currencies differ, an exchange rate margin comes on top. For business payments, it is common to state who bears the costs.

8 or 11 characters: EUEIGB22 versus EUEIGB22XXX

A BIC is made up of fixed blocks: characters one to four identify the bank, the next two show the country and the two after that indicate the location. Combined, those parts make up EUEIGB22 – the version you usually see online.

XXX at the end of EUEIGB22XXX does not stand for a placeholder or an error: it stands for the main office of Euro Exim Bank LTD (Representative Office). Some forms insist on 11 characters, in which case you simply add XXX after EUEIGB22.

Leave out spaces, dots when you type EUEIGB22. Look out for the letter O and the digit 0 or the letter I and the digit 1; they are easy to mix up.

What a transfer from Euro Exim Bank LTD (Representative Office) abroad really costs

If you transfer money to another country through Euro Exim Bank LTD (Representative Office), the fee you see is rarely all of the cost. You pay the transfer fee, possibly charges from correspondent banks in between and, most importantly, the margin on the exchange rate when the money is converted.

Most of the cost usually sits in the exchange rate: many banks convert at a rate that includes a margin. An easy check: set the bank’s rate next to the mid-market rate and work out the difference on your amount.

Specialised transfer providers often use rates closer to the mid-market rate with clearer fees. GoldexPay compares these services next to each other so you can see what actually arrives before you commit. Using a transfer service does not require leaving Euro Exim Bank LTD (Representative Office) – you pay the provider from your own account.

Head office or branch code at Euro Exim Bank LTD (Representative Office)?

Euro Exim Bank LTD (Representative Office) uses 7 separate SWIFT/BIC codes across 1 cities. One of them is the head office code, EUEIGB22XXX; the rest belong to branches or departments, and sometimes specific services.

For most incoming transfers, the head office code EUEIGB22XXX works fine. A branch code only makes sense when the recipient’s bank explicitly mentions it.

The best way is to take the code directly from the account holder’s statement. Branch codes can change when banks reorganise, so do not rely on old paperwork.

Verifying the SWIFT code of Euro Exim Bank LTD (Representative Office)

Ask the recipient to send you their bank details straight from their online banking. Check that code against EUEIGB22 here; if they differ, ask before you pay.

Errors in the BIC are costly more than disastrous. Remember the account number: an error there can be harder to correct than a wrong BIC.

A validity check in your banking app merely confirms that the IBAN exists, not that it is the right account. If your bank offers it, a name check before sending gives an extra layer of safety. When you pay someone new, some people send a small amount first before sending the rest.

Paying Euro Exim Bank LTD (Representative Office) in euros within SEPA

United Kingdom belongs to the SEPA area, where euro transfers follow common rules. For a regular euro transfer from another SEPA country, you normally only need the IBAN.

Outside the euro and for senders outside SEPA, EUEIGB22XXX or EUEIGB22 remains part of the payment details. If a payment form has a field for the BIC regardless, adding EUEIGB22 does no harm.

SEPA transfers normally land by the next business day; instant payments are faster if both banks offer them. As long as no currency is converted, a SEPA transfer is cheap.

Tracking a transfer to or from Euro Exim Bank LTD (Representative Office)

How quickly a transfer arrives at Euro Exim Bank LTD (Representative Office) depends on a few things: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Payments made late in the day or on weekends and holidays often start a business day later. Sometimes a bank asks about the purpose of a payment.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every payment gets a unique transaction reference, the UETR. Keep your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

A delayed transfer has to be investigated by the sending bank, using the payment confirmation. Request from the sender the payment receipt with the date and reference.

A note on our data

Our SWIFT/BIC directory is based on public sources. Even so, banks merge, rename themselves or retire codes and our data may lag behind. The number of codes we show are based on what is in our directory and not on information from Euro Exim Bank LTD (Representative Office) itself.

See the information on this page as a handy check and rely on the recipient or Euro Exim Bank LTD (Representative Office) for the final confirmation. GoldexPay is a comparison site for money transfers and not part of Euro Exim Bank LTD (Representative Office). Found outdated information? Let us know through the contact page.

Watch out for payment fraud

One of the most common tricks goes like this: you receive a message saying that a company now has a new bank account. The fact that EUEIGB22 exists is no guarantee that the account is legitimate.

Check changed payment details through a separate channel, such as a phone number you already know. Watch out for time pressure, unusual wording or an email address that differs by one letter. If a payment was sent to the wrong account, contact your bank immediately.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to send back the difference to another account. Wait until the money is actually in your account.