Gfi Securities LTD SWIFT/BIC code

SWIFT/BIC code of Gfi Securities LTD

The short code GFIGGB2L and the full code GFIGGB2LXXX identify the same bank: Gfi Securities LTD. Every bank on the SWIFT network uses these codes to direct payments between countries to the correct bank. In practice you mostly see the code on international invoices, in payment forms and in the bank details that Gfi Securities LTD provides.

This page is meant to help people who pays into an account at Gfi Securities LTD without mistakes. The BIC identifies a bank or branch, not a single account, which is why you always need the account number too.

Getting paid from abroad into a Gfi Securities LTD account

If you are waiting for a payment from another country, send the payer everything they need in one go. Give them your name as the bank knows it, your account number or IBAN, the BIC GFIGGB2LXXX and your address.

Some sending banks want the bank’s address; it does no harm to include it. Check every detail before you send them.

Money from abroad will not always land for the full amount. Fees for incoming transfers vary per bank; check the price list of Gfi Securities LTD. Make clear with the sender who pays which costs before the money is sent.

Tracking a transfer to or from Gfi Securities LTD

How fast a payment arrives at Gfi Securities LTD is determined by several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Weekends and public holidays in either country add extra days. Occasionally a bank asks about the purpose of a payment before releasing it.

If the money seems delayed, contact the sending bank about the tracking status and the transaction reference so they can trace it along the chain. Money transfer services usually provide a status online so you can see where the payment is.

If the money does not arrive after a few business days, the person who paid should start with the bank that sent it, not the receiving bank. Ask the sender for the payment receipt with the date and reference – it helps your own bank look for the money.

8 or 11 characters: GFIGGB2L versus GFIGGB2LXXX

The structure of a BIC never changes: four characters for the institution, two for the country and two for the location. That gives you GFIGGB2L, the short form of the code.

The long 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, which is why GFIGGB2LXXX and GFIGGB2L lead to the same place.

Enter the code in one piece, in upper case and without spaces, exactly as shown here. Pasting the code is safer than typing it by hand: a typo can point to another bank.

Euro transfers to Gfi Securities LTD: is a BIC needed?

Inside SEPA, euro payments to an account in United Kingdom use the same rules. The BIC field is usually optional or missing for those payments.

Outside the euro and for senders outside SEPA, GFIGGB2LXXX or GFIGGB2L is still part of the payment details. A few forms also show a field for the BIC out of habit; in that case, enter GFIGGB2L.

Euro payments within SEPA normally land by the next business day. As long as the payment stays in euros, a SEPA transfer is cheap.

Which of the 3 codes of Gfi Securities LTD do you need?

Our directory lists 3 SWIFT/BIC codes for Gfi Securities LTD in 1 cities. Besides the head office code GFIGGB2LXXX, you will find codes for branches, departments or specific services.

For the vast majority of incoming transfers, the head office code GFIGGB2LXXX is the right choice. Branch codes are only needed if the account holder explicitly asks for it, which is more common for business accounts and trade services.

Unsure which code applies? Ask the recipient. Branch codes are sometimes changed or retired when banks reorganise.

How to check GFIGGB2L before you pay

Ask the recipient to send you their account details directly from their banking app. If the code you have does not match GFIGGB2L or GFIGGB2LXXX, stop and ask – contact the recipient or Gfi Securities LTD.

If the code is wrong, the transfer may get stuck, bounce back or end up costing more, and tracing it can take weeks. Do not forget the IBAN: an error there is harder to correct than a wrong code.

Many banking apps validate the format of an IBAN and sometimes look up the BIC automatically. If your bank offers it, a name check on the recipient gives extra certainty. Sending a small amount first is a sensible step for large sums despite the extra fee.

International transfers from Gfi Securities LTD: the real cost

When you transfer money to another country through Gfi Securities LTD, the visible fee is rarely all of the cost. Besides a fixed fee, correspondent or intermediary banks may deduct a fee, and when currencies are converted, the bank often uses a rate that is less favourable than the real market rate.

The markup on the rate tends to be the largest item because it is hidden in the rate. Compare their rate against the mid-market rate – the rate you find on financial news sites.

Money transfer services often offer rates closer to the mid-market rate. GoldexPay compares what recipients receive across services. Using a transfer service does not mean closing your account at Gfi Securities LTD.

Scams that use SWIFT codes

Criminals regularly send fake invoices containing new bank details. A real SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Never trust a phone number from the same email that contains the change. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. Already paid? Contact the bank you paid from straight away and have them try to recall the payment; also report it to the police.

People receiving money can be targeted as well: a classic trick is an overpayment followed by a request to send back the difference abroad. Wait until the money is actually in your account.

The British Pound and what conversion costs you

United Kingdom pays in the British Pound, code GBP. If you send money in a different currency gets converted somewhere along the way: by your bank, an intermediary or Gfi Securities LTD itself. Every conversion costs the amount – usually through the rate rather than a fee.

Where the conversion happens affects the final amount, since every bank sets its own rate. Sending the money already in GBP often prevents a second conversion by Gfi Securities LTD.

Exchange rates move all the time – some services let you fix a rate in advance. On larger amounts, even seemingly small gap in the rate adds up quickly.

Where our SWIFT data comes from

This directory draws on publicly available sources. It can happen that information on this page is no longer current, for example after a merger. The figures on this page are based on what is in our directory, not official figures from Gfi Securities LTD.

For any payment of any size, check the code with the recipient’s bank or with the recipient. GoldexPay is a comparison service and not part of Gfi Securities LTD. Spotted outdated information? Tell us via our contact form and we will look into it.