Legal and General Investment Management Limited SWIFT/BIC code

LGIMGB2L – the SWIFT/BIC code of Legal and General Investment Management Limited

The short code LGIMGB2L and the full code LGIMGB2LXXX refer to the same bank: Legal and General Investment Management Limited, with its head office in London. A SWIFT code shows the banks handling a payment which institution is meant to get the money, a bit like a postal address for banks. In practice you mostly come across it on international invoices, in payment forms and on the account details of Legal and General Investment Management Limited customers.

Further down you will find the practical questions: receiving money at Legal and General Investment Management Limited, paying someone in another country and how to verify a SWIFT code before you confirm a payment. Remember that the BIC just identifies the bank, not the person: the IBAN or account number does that part.

Scams that use SWIFT codes

One of the most common tricks works like this: you receive a request saying that a contact now has new bank details and that the next payment should go there. The fact that LGIMGB2L exists is no guarantee that the account is legitimate.

Verify new bank details via a separate channel, such as a phone number you already know, never via the email that asked for the change. Watch out for time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Contact your bank without delay and have them try to recall the payment and report the fraud.

People receiving money can be targeted as well: a classic trick is an overpayment followed by a request to send back the difference. A screenshot of a transfer is no proof; only your own account shows what has arrived.

Transfer times and tracking a payment to Legal and General Investment Management Limited

There is no single answer: some land the same day or the next. Transfers sent late in the day or just before a weekend or public holiday often go out a business day later. Extra checks by one of the banks may also cause some delay, even when all details are correct.

When a payment takes longer than expected, ask the sending bank about the status and the transaction reference. Save the payment confirmation; it contains the details a bank needs to start a trace.

Only the sending bank can request a trace. On the receiving end, you can look at your account for a slightly lower amount because fees can reduce the amount.

LGIMGB2L or LGIMGB2LXXX – which one to use?

Each SWIFT/BIC code has an 8-character core: four letters for the bank, two letters for the country and two characters for the location. The result is LGIMGB2L, the short form of the code.

XXX at the end of LGIMGB2LXXX is not a placeholder or a mistake: it indicates the head office of Legal and General Investment Management Limited. Some forms insist on 11 characters, in which case you can enter XXX behind LGIMGB2L.

In practice the code is written in capitals and without spaces. A wrong letter can send the money to a different institution, so check it twice.

Sending money abroad from Legal and General Investment Management Limited

An international bank payment can cost rather more than the listed fee. You pay the transfer fee, sometimes fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate if the currency changes.

The real cost is often in the rate, not in the fee: many banks convert at a rate that includes a margin. An easy check: put the rate you get against the mid-market rate and work out the difference on your amount.

For a lot of currency pairs, a specialist provider is less expensive than a bank – mostly thanks to the rate. GoldexPay compares what recipients receive with different services, so you can pick the cheapest route. Using a transfer service does not require closing your account at Legal and General Investment Management Limited.

Getting paid from abroad into a Legal and General Investment Management Limited account

A sender in another country needs a few details from you. In practice that means: your full name as registered with Legal and General Investment Management Limited, your IBAN or account number, the BIC LGIMGB2LXXX (or LGIMGB2L) and sometimes your address.

Their bank may request the bank address of Legal and General Investment Management Limited, in which case the London head office is the usual answer. Check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

What lands in your account can be lower than what was sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the currency changes, an exchange rate margin applies. For business payments, you can state who bears the costs to avoid a shortfall.

Head office or branch code at Legal and General Investment Management Limited?

Our database contains 6 SWIFT/BIC codes for Legal and General Investment Management Limited. Next to the head office code LGIMGB2LXXX, you will find codes for individual branches and departments.

For the vast majority of payments to a private or business account, the head office code LGIMGB2LXXX is what you need. Only use a branch code when your contact gives you that exact code.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Branch codes are more likely to change than LGIMGB2LXXX.

How up to date is this code?

The details here are taken from publicly available data that we update regularly. It can happen that information on this page is out of date after a merger or reorganisation. The number of codes on this page reflect our own data.

Treat our data as a reference, not as the last word – the bank details from the recipient are leading. GoldexPay is an independent comparison site for money transfers and not part of Legal and General Investment Management Limited. Found an error? Let us know via our contact form and we will look into it.

Paying Legal and General Investment Management Limited in euros within SEPA

Because United Kingdom is in the SEPA zone, a euro payment into Legal and General Investment Management Limited from another SEPA country usually requires just an IBAN. Many banks do not require the BIC in that case.

For anything other than euros and for senders outside SEPA, LGIMGB2LXXX or LGIMGB2L remains part of the payment details. A few forms still ask for the BIC; if so, fill in LGIMGB2L or LGIMGB2LXXX.

Instant payments in euros have become increasingly available across SEPA; check with Legal and General Investment Management Limited whether it applies to your account. Charges on SEPA transfers tend to be low.

Verifying the SWIFT code of Legal and General Investment Management Limited

Ask the recipient to send you their account details directly from their banking app. Check it against LGIMGB2L on this page and ask if anything does not match.

Errors in the BIC are annoying rather than disastrous. An error in the account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

A validity check by your bank merely confirms that the IBAN exists. More and more banks compare the name with the account – do not ignore a mismatch warning. A small test payment can be worth it for a large first payment, even if it costs an extra fee.

Paying into Legal and General Investment Management Limited in GBP

The national currency in United Kingdom is the British Pound (GBP). Money sent in a different currency is exchanged into GBP. You rarely see a separate line for that conversion.

Who does the conversion affects the final amount, since every bank sets its own rate. Sending the money directly in GBP usually prevents an extra conversion by Legal and General Investment Management Limited, provided the rate you get is fair.

Exchange rates move all the time, and some providers let you lock in a rate. On larger amounts, even seemingly small difference in the rate adds up quickly.