Impax Asset Management Limited SWIFT/BIC code

What IMAAGB21 means for a payment to Impax Asset Management Limited

Whether you are given IMAAGB21 or IMAAGB21XXX, it is the identical identifier for Impax Asset Management Limited in United Kingdom. The code has a single purpose: it ensures that an international payment reaches the right bank. In practice you usually see it on international invoices, in your banking app and in the bank details of Impax Asset Management Limited customers.

We wrote this page to help anyone who receives money at an account at Impax Asset Management Limited. Remember that the BIC only identifies the bank, not the account: the IBAN or account number does that part.

Verifying the SWIFT code of Impax Asset Management Limited

Have the recipient copy their account details straight from their banking app. If the code you have differs from IMAAGB21 or IMAAGB21XXX, stop and ask – contact the recipient or Impax Asset Management Limited.

With a wrong code, the payment might be delayed, bounce back or cost extra – sometimes after weeks of searching. An error in the IBAN or account number can be a bigger problem; check it just as carefully.

Many banking apps check 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. For a first payment, many people start with a small test amount.

Getting paid from abroad into a Impax Asset Management Limited account

To receive a transfer from abroad at Impax Asset Management Limited, the person paying you needs not just the SWIFT code. Give them the account holder’s name, the IBAN or account number, SWIFT code IMAAGB21XXX and your address, which some banks require.

Their bank might also ask for the bank address of Impax Asset Management Limited, in which case the London head office is the usual answer. Check each detail before you share them, because the sender’s bank usually copies them as is.

Money from abroad will not always land for the full amount. Intermediary banks may deduct a fee, Impax Asset Management Limited may charge for incoming payments, and if the money is converted, an exchange rate margin comes on top. Agree with the sender who covers the fees.

8 or 11 characters: IMAAGB21 versus IMAAGB21XXX

A BIC is built from a few fixed parts: the first four letters stand for the bank, characters five and six give the country and the two after that indicate the location. The result is IMAAGB21.

XXX at the end of IMAAGB21XXX is not a placeholder or an error: it stands for the head office of Impax Asset Management Limited. Some forms ask for 11 characters, and then you simply add XXX behind IMAAGB21.

In practice the code is typed in capitals and without spaces. A single character may route the money to a different institution, so copy it carefully.

Sending money abroad from Impax Asset Management Limited

What you pay for a payment abroad has more than one component – not just the fee on your screen. Besides a fixed fee, banks in between may take a cut, and when currencies are converted the bank often uses a rate that is less favourable than the real market rate.

Many banks do not list the margin on the rate separately. An easy check: set the rate you get next to the mid-market rate and look at the difference.

For many currency pairs, a specialist provider is less expensive than a bank. GoldexPay lists these services side by side so you can see the amount the recipient gets before you commit. Choosing a specialist does not mean closing your account at Impax Asset Management Limited: you simply pay the service from your account.

Scams that use SWIFT codes

Criminals often send fake invoices with new bank details, sometimes in an email that looks completely genuine. A correct SWIFT code tells you nothing about whether the request is genuine.

Always verify changed bank details by phone, using a number you already had. Pressure and requests to keep it quiet tend to be red flags. Acted too fast? Call your bank straight away and have them start a recall.

People receiving money can be targeted as well: one known trick is a buyer who pays too much followed by a request to send back the difference to another account. A screenshot of a transfer is no proof; only your own account shows what has arrived.

Paying Impax Asset Management Limited in euros within SEPA

Within the SEPA zone, euro payments to an account in United Kingdom use the same rules, so the IBAN does the job in most cases. A field for the BIC is often optional in that case.

You will still need IMAAGB21XXX when sending non-euro payments or money from outside the SEPA area. If a payment form asks for the BIC anyway, entering IMAAGB21 is fine.

SEPA transfers usually arrive within one business day, and instant transfers in seconds where both banks support them. Fees for SEPA transfers are generally low as long as everything stays in euros.

Impax Asset Management Limited: head office code versus branch codes

With 2 codes, Impax Asset Management Limited belongs to the banks that register separate codes for branches. The main code is IMAAGB21XXX.

For the vast majority of payments to a private or business account, the head office code IMAAGB21XXX is what you need. A branch code only makes sense if the recipient’s bank explicitly asks for it, which is more common for business accounts and trade services.

When in doubt, check with the recipient which code their bank gave them. Codes for branches are more prone to be retired than the head office code when a bank merges or closes offices.

How long does an international transfer to Impax Asset Management Limited take?

An international transfer typically takes one to a few business days. Transfers sent after the cut-off time or just before a weekend or public holiday usually go out the next business day. Occasionally a bank asks about the purpose of a payment before releasing it.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every payment gets a unique reference, the UETR. Save your transfer receipt.

A delayed transfer has to be traced from the sending side. Request from the sender a copy of the payment confirmation – it helps your own bank look for the money.

Paying into Impax Asset Management Limited in GBP

United Kingdom pays in the British Pound, code GBP. When you pay money in a different currency it has to be converted at some point. Each conversion eats into something.

Who does the conversion has an effect on the final amount. Sending the amount already in GBP often avoids a second conversion by Impax Asset Management Limited.

Exchange rates move during the day – some services let you fix a rate in advance. If you pay regularly, a slightly better rate make a real difference over time.

About this information

The directory on GoldexPay draws on public sources and is updated regularly. Even so, banks merge or retire codes, so information can be out of date. Figures such as the number of codes come from our directory and are not confirmed by Impax Asset Management Limited.

Before a payment of any size, confirm the BIC with Impax Asset Management Limited or the recipient. GoldexPay has no connection to Impax Asset Management Limited. Should you notice a mistake, we welcome a message.