Franklin Templeton Investment Management LTD SWIFT/BIC code

Franklin Templeton Investment Management LTD SWIFT code: TEMPGB2L

TEMPGB2L and TEMPGB2LXXX are two spellings of the same SWIFT/BIC code, and both point to Franklin Templeton Investment Management LTD in London. Banks worldwide use BIC codes to direct international transfers to the correct institution. It comes up mainly when dealing with payments that cross a border or a currency.

Below you will find the practical questions: receiving money at Franklin Templeton Investment Management LTD, sending money abroad and how to verify the code before you confirm a payment. The BIC identifies an institution, never a single account.

Paying Franklin Templeton Investment Management LTD in euros within SEPA

Since United Kingdom is part of SEPA, a euro payment to Franklin Templeton Investment Management LTD from another SEPA country usually only needs the IBAN. Many banks do not require the BIC in that case or fill it in for you.

You will still need TEMPGB2LXXX for payments in other currencies or money from outside the SEPA area. A few forms also ask for the BIC out of habit; in that case, enter TEMPGB2L or TEMPGB2LXXX.

SEPA transfers usually arrive by the next business day; instant payments are faster if both banks offer them. Provided no currency is converted, the transfer is cheap; costs rise once a conversion is involved.

8 or 11 characters: TEMPGB2L versus TEMPGB2LXXX

A SWIFT code is built from a few fixed parts: the first four letters identify the bank, characters five and six show the country and the two after that mark the location. Together, these eight characters make up TEMPGB2L, the code most people search for.

The long version has three more characters for a branch or department. When those three characters are XXX, they simply mean the head office, so TEMPGB2LXXX and TEMPGB2L are interchangeable.

Leave out spaces or dashes when you type TEMPGB2L or TEMPGB2LXXX. Pasting the code is safer than typing it by hand, because one wrong letter changes the bank.

Is TEMPGB2L still correct? How to check

The most reliable source for a SWIFT code is the recipient’s own bank details. Compare it against TEMPGB2L on this page; if they differ, ask before you pay.

Errors in the SWIFT code tend to be costly rather than disastrous. A mistake in the IBAN or account number is a bigger problem because it can reach the wrong person, so check that just as carefully.

Many banking apps validate the structure of an IBAN, but that does not prove the account belongs to the right person. Where available, a name check before sending gives an extra layer of safety. For a first payment, many people start with a small test amount and wait for confirmation.

How up to date is this code?

The codes here come from publicly available data which we refresh regularly. It is possible that a code here is out of date, for example after a merger. The number of codes on this page reflect what is in our directory and not on information from Franklin Templeton Investment Management LTD itself.

Use our data as a starting point, rather than as the last word. GoldexPay is independent of Franklin Templeton Investment Management LTD; we are a comparison site for money transfers. Should you notice something that is out of date, we welcome a message.

Receiving money from abroad at Franklin Templeton Investment Management LTD

A sender in another country will ask for a few details about your account, and missing ones are a common cause of delays. In practice that means: your name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code TEMPGB2LXXX (or TEMPGB2L) and sometimes your address.

Some banks want the address of Franklin Templeton Investment Management LTD in London. A mistake in your account number is harder to fix than it looks.

What lands in your account is often less than what was sent. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin comes on top. Make clear with the sender who covers the fees, especially for larger amounts.

Which of the 2 codes of Franklin Templeton Investment Management LTD do you need?

Franklin Templeton Investment Management LTD has 2 different SWIFT/BIC codes. Only one is the head office code; the rest identify branches or departments.

Usually you do not need to pick a branch: payments sent to TEMPGB2LXXX are routed within Franklin Templeton Investment Management LTD correctly. Branch codes are only needed if the account holder explicitly mentions it, which is more common for corporate accounts and specialised services.

Unsure which code applies? Ask the recipient. Codes are sometimes changed or retired over time, so a code from an old document is not always valid.

Paying someone abroad from your Franklin Templeton Investment Management LTD account

The price of a payment abroad is made up of several parts – not just the fee on your screen. There is the fee for the transfer itself, possibly fees charged by intermediary banks in between and, most importantly, the exchange rate markup when the money is converted.

Most of the cost usually sits in the exchange rate: many banks convert using an exchange rate that includes a margin. Check the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

Money transfer services often offer a rate near the mid-market rate. GoldexPay lists these services next to each other so you can see the amount the recipient gets before you commit. You can always keep your account at Franklin Templeton Investment Management LTD, while a cheaper service handles the conversion.

Sending GBP to Franklin Templeton Investment Management LTD

United Kingdom uses the British Pound. When you pay money in a different currency, the amount has to be converted somewhere along the way. Every conversion eats into the amount – usually through the rate rather than a fee.

Who converts the payment makes a difference: every bank has its own margin. Often it is cheaper if you send GBP directly through a transfer service with a good rate rather than letting the receiving bank convert.

The rate for GBP changes throughout the day, so the amount you see is usually only valid for a short time. If you pay regularly, a slightly better rate make a real difference over a year.

Watch out for payment fraud

Stay alert if someone unexpectedly asks you to pay into a different account. A correct SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Do not rely on contact details in the same message that contains the change. Urgency and requests to keep it quiet are red flags. If a payment has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Fraud can also work the other way. Someone sends more than agreed and asks you to return the difference via a different route. Do not act before the money is actually in your account – ask Franklin Templeton Investment Management LTD if something looks wrong.

Transfer times and tracking a payment to Franklin Templeton Investment Management LTD

A SWIFT payment usually takes one to a few business days, depending on the currency, the route and the banks involved. Weekends and public holidays in either country add a day or more, since banks do not process on those days. Sometimes a bank wants to know what the payment is for before releasing it.

When a payment takes longer than expected, ask the sending bank for the tracking status and the transaction reference. Specialist transfer services usually show tracking in their app showing where the money is.

A missing payment is investigated by the sending bank. As a recipient, you can check your account to see a slightly lower amount.