Ingenious Securities Limited SWIFT/BIC code

Ingenious Securities Limited SWIFT code: IGMEGB21

The short code IGMEGB21 and the 11-character code IGMEGB21XXX refer to the same bank: Ingenious Securities Limited in London, United Kingdom. A SWIFT code tells the sending bank exactly which bank should receive the money. You will need it mostly when dealing with payments that cross a border.

Below you will find the practical questions: receiving money at Ingenious Securities Limited, sending money abroad and how to check the code before you hit send. The SWIFT code alone does not identify a personal account; for that you need the account number or IBAN .

Incoming international payments to Ingenious Securities Limited

Someone abroad who wants to pay you will ask for a few details from you. In practice that means: your full name as registered with Ingenious Securities Limited, your IBAN or account number, the BIC IGMEGB21XXX (or IGMEGB21) and sometimes your address.

Certain sending banks also ask for the name and address of Ingenious Securities Limited. A mistake in your account number is more trouble than it looks; copy them from your banking app rather than typing.

Expect that the amount credited is smaller than the amount on the sender’s receipt. Intermediary banks may deduct a fee, and when currencies differ, an exchange rate margin comes on top. On invoices, you can state how the fees are split, so that nobody is left short.

Why Ingenious Securities Limited has an 8- and an 11-character code

Every SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, a two-letter country code and a two-character location code. That gives you IGMEGB21.

XXX at the end of IGMEGB21XXX is not a placeholder or an error: it indicates the main office of Ingenious Securities Limited. Certain payment forms ask for 11 characters, and then you can enter XXX after IGMEGB21.

Type the code in one piece, in upper case and without spaces. A single character may route a payment to a different institution.

Scams that use SWIFT codes

Stay alert when a contact suddenly asks you to pay into a different account. A valid SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Verify new bank details via a separate channel, never via the email that asked for the change. Urgency or requests to keep it quiet tend to be warning signs – a real supplier can wait a day. Already paid? Contact the bank you paid from straight away and ask them to try to recall the payment and report the fraud.

People receiving money are targeted too: one known trick is an overpayment and then sends a request to send back the difference abroad. Wait until the money has really arrived – ask Ingenious Securities Limited if something looks wrong.

How long does an international transfer to Ingenious Securities Limited take?

There is no single answer: many arrive within a day. Weekends and public holidays in the sending or receiving country add a day or more. Occasionally a bank asks what the payment is for, which can hold things up.

Many banks use SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique reference, the UETR. Keep the payment confirmation until the money has arrived.

A delayed transfer is traced by the sending bank, using the payment confirmation. As a recipient, you can check your account to see a slightly lower amount because fees can reduce the amount.

SEPA payments and the Ingenious Securities Limited BIC

Since United Kingdom is part of the SEPA zone, a euro payment to Ingenious Securities Limited from another SEPA country usually requires just an IBAN. Most banking apps do not require the BIC for these payments.

You will still need IGMEGB21XXX for non-euro payments or transfers from countries outside SEPA. If a payment form has a field for the BIC anyway, adding IGMEGB21 does no harm.

Euro payments within SEPA normally land by the next business day. Fees for SEPA transfers tend to be low as long as everything stays in euros.

Which of the 2 codes of Ingenious Securities Limited do you need?

With 2 codes in 1 cities, Ingenious Securities Limited is one of the banks that register individual codes for parts of the organisation. The main code is IGMEGB21XXX.

In most cases you do not need to look up a branch: payments addressed to IGMEGB21XXX are routed within Ingenious Securities Limited correctly. Only use a branch code when the account holder explicitly asks for it, for example on an invoice or in their bank details.

The safest approach is to copy the code directly from the recipient’s invoice. Codes can change over time, so do not rely on old paperwork.

Verifying the SWIFT code of Ingenious Securities Limited

The safest source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check that code against IGMEGB21 on this page and ask if anything does not match.

If the code is wrong, the transfer might be delayed, be returned or end up costing more, and tracing it can take weeks. An error in the account number can be a bigger problem.

An automatic check in your banking app merely confirms that the code exists. If your bank offers it, a name check on the recipient adds an extra layer of safety. When you pay someone new, many people start with a small amount first and wait for confirmation.

Sending money abroad from Ingenious Securities Limited

What you pay for a payment abroad has more than one component, and the transfer fee is only the most visible one. You pay the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, most importantly, the exchange rate markup when the money is converted.

The markup on the rate tends to be the biggest cost even though it is not listed as a fee. Check the rate you are offered with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Money transfer services frequently offer rates closer to the mid-market rate. On GoldexPay you can compare the amount that arrives across services, so you can pick the cheapest route. Choosing a specialist does not mean closing your account at Ingenious Securities Limited: you simply pay the service from your account.

Where our SWIFT data comes from

We collect bank codes using publicly available data and check them regularly. It is possible that information here is no longer current. The number of codes on this page reflect our own data, not official figures from Ingenious Securities Limited.

Treat our directory here as a helpful check. GoldexPay is an independent comparison service for money transfers and not part of Ingenious Securities Limited. Spotted an error? Tell us through the contact page.

The British Pound and what conversion costs you

The local currency in United Kingdom is the British Pound (GBP). If you send another currency, the amount has to be converted at some point – by your bank, by Ingenious Securities Limited or by a bank in between. Each conversion eats into something – usually through the rate rather than a fee.

Who does the conversion has an effect on the final amount. Often it is cheaper if you send GBP directly through a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

Exchange rates move during the day – some services let you fix a rate in advance. For recurring payments, a slightly better rate add up over a year.