Lombard Odier (Europe)SA UK Branch SWIFT/BIC code

SWIFT/BIC code of Lombard Odier (Europe)SA UK Branch

The 8-character code LOCYGB2L and the full code LOCYGB2LXXX identify the same bank: Lombard Odier (Europe)SA UK Branch. A SWIFT code tells the sending bank which institution is meant to get the money. In practice you mostly see the code on invoices from abroad, in your banking app and on the account details that Lombard Odier (Europe)SA UK Branch provides.

On this page you will find how the code is put together, when it matters and what else you need for a transfer to or from Lombard Odier (Europe)SA UK Branch. A SWIFT code identifies an institution, never a specific account; the IBAN or account number does that.

Tracking a transfer to or from Lombard Odier (Europe)SA UK Branch

A SWIFT payment usually takes one to a few business days, depending on the currency, the route and the banks involved. Payments made after the cut-off time or on a weekend or public holiday often start the next business day. Sometimes a bank asks what the payment is for.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often provide a status in their app so you can see where the payment is.

The bank that sent the money can request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for the payment receipt.

Getting paid from abroad into a Lombard Odier (Europe)SA UK Branch account

A sender in another country will ask for a few details from you, and missing ones are a common cause of delays. In practice that means: your name as registered with Lombard Odier (Europe)SA UK Branch, your account number or IBAN, the BIC LOCYGB2LXXX and sometimes your postal address.

Some banks also ask for the bank’s address in London, so keep it at hand. Double-check each detail before you send them, because the sender’s bank usually copies them as is.

The amount you receive is often lower than the amount sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate comes on top. Agree with the sender who pays which costs, especially for larger amounts.

Protect yourself against fake payment requests

Stay wary if someone unexpectedly wants you to pay into another account or a bank in another country. A valid SWIFT code says nothing about who owns the account – scammers simply use real codes.

Check changed payment details via a separate channel, such as a phone number you already know, not by replying to the message. Pressure and secrecy are warning signs – a real supplier can wait a day. Already paid? Contact the bank you paid from without delay and have them try to recall the payment; also report it to the police.

People receiving money are targeted too: a classic trick is a buyer who pays too much followed by a request to send back the difference. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

Paying Lombard Odier (Europe)SA UK Branch in euros within SEPA

Since United Kingdom is in SEPA, a euro payment into Lombard Odier (Europe)SA UK Branch from another SEPA country normally requires just the IBAN. Many banks no longer ask for the BIC in that case or fill it in for you.

A SWIFT code like LOCYGB2L still matter for payments in other currencies and when the money comes from outside SEPA. If a payment form asks for the BIC regardless, entering LOCYGB2L is fine.

Instant payments in euros are widely available across SEPA; check with Lombard Odier (Europe)SA UK Branch whether it applies to your account. Charges on SEPA transfers tend to be low as long as everything stays in euros.

What a transfer from Lombard Odier (Europe)SA UK Branch abroad really costs

When you send money to another country through Lombard Odier (Europe)SA UK Branch, the fee you see is only part of the cost. Besides a fixed fee, correspondent or intermediary banks can deduct a fee, and when the money changes currency the bank often uses a rate that is less favourable than the real market rate.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert using an exchange rate with a margin built in. A simple test: put the bank’s rate next to the mid-market rate for the same moment and look at the difference.

Specialist money transfer services frequently offer a rate near the mid-market rate and lower fees. On GoldexPay we compare what recipients receive with different services, so you can pick the cheapest route. You can always use your account at Lombard Odier (Europe)SA UK Branch to fund the transfer.

A note on our data

The details on this page come from publicly available data which we refresh regularly. Banks reorganise, close branches and retire codes – a directory can be a step behind. The number of codes on this page reflect what is in our directory and not on information from Lombard Odier (Europe)SA UK Branch itself.

For a payment that matters, always check the BIC with the recipient’s bank or with the recipient. GoldexPay is not affiliated with Lombard Odier (Europe)SA UK Branch, we only compare transfer services. Should you notice a mistake, we welcome a short note.

8 or 11 characters: LOCYGB2L versus LOCYGB2LXXX

Every SWIFT/BIC code starts with an 8-character core: a four-letter bank code, a two-letter country code and two characters for the location. That gives you LOCYGB2L, the short form of the code.

The long version adds three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office.

Do not add spaces, dots when you enter LOCYGB2L. Look out for the letter O and the digit 0 and I versus 1.

Head office or branch code at Lombard Odier (Europe)SA UK Branch?

Lombard Odier (Europe)SA UK Branch has 2 separate SWIFT/BIC codes across 1 locations. One of them is the head office code, LOCYGB2LXXX; the rest belong to branches.

Usually there is no need to look up a branch: payments addressed to LOCYGB2LXXX reach Lombard Odier (Europe)SA UK Branch correctly. If you have been given a specific code, stick to it rather than swapping it for the head office code.

Not sure which code to use? Ask the recipient. Codes for branches are more prone to be retired than the head office code when a bank merges or closes offices.

How to check LOCYGB2L before you pay

The most reliable source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. When the code you were given does not match LOCYGB2L or LOCYGB2LXXX, do not guess.

Errors in the BIC are annoying rather than disastrous. A mistake in the account number is more serious, because the money may be credited to someone else.

Most online banking apps check the format of an IBAN and sometimes look up the BIC automatically. If your bank offers it, a name check before sending adds an extra layer of safety. When you pay someone new, some people start with a small amount first and wait for confirmation.

Sending GBP to Lombard Odier (Europe)SA UK Branch

United Kingdom pays in the British Pound, with the currency code GBP. If you send another currency it has to be converted at some point: by your bank, an intermediary or Lombard Odier (Europe)SA UK Branch itself. Each conversion costs the amount, even when no fee is shown.

Where the conversion happens has an effect on how much arrives, as rates and margins differ per bank. Transferring the money directly in GBP usually avoids an extra conversion by Lombard Odier (Europe)SA UK Branch, provided the rate you get is fair.

Exchange rates move during the day. With bigger transfers, a small gap in the rate can be worth more than the fee.