Macquarie Bank Limited SWIFT/BIC code

SWIFT/BIC code of Macquarie Bank Limited

MACQGB21 and MACQGB21XXX are two spellings of the same bank identifier, and both lead to Macquarie Bank Limited in London. A SWIFT code shows the sending bank which institution is meant to get the money, a bit like a postal address for banks. You will need it mainly for transfers between countries or a currency.

We wrote this page to help people who pays into an account at Macquarie Bank Limited. The BIC names an institution, never a specific account, which is why you always need the account number too.

Transfer times and tracking a payment to Macquarie Bank Limited

A SWIFT payment typically needs anywhere from one to several business days. Transfers sent after the cut-off time or just before a weekend or public holiday usually start a business day later. Extra checks by one of the banks can also cause a delay.

Many banks are connected to SWIFT gpi. Each gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Save the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

The bank that sent the money is able to start an official trace or a recall. As a recipient, it helps to check your statements to see a slightly lower amount because fees can reduce the amount.

Sending GBP to Macquarie Bank Limited

Accounts at Macquarie Bank Limited are typically held in GBP, the local currency of United Kingdom. When you pay another currency has to be converted at some point – by your bank, by Macquarie Bank Limited or by a bank in between. Every conversion eats into the amount, even when no fee is shown.

Which bank converts the money matters: every bank has its own margin. Transferring the amount directly in GBP usually prevents an extra conversion at the receiving end – as long as your own rate is good.

Rates for GBP move all the time – some services let you fix a rate in advance. For regular payments, small differences in the rate make a real difference over time.

8 or 11 characters: MACQGB21 versus MACQGB21XXX

A BIC is made up of a few fixed parts: characters one to four stand for the bank, the next two give the country and characters seven and eight indicate the location. That gives you MACQGB21 for Macquarie Bank Limited.

Most payment forms accept both lengths. If yours requires eleven characters, use MACQGB21XXX, otherwise MACQGB21 is fine.

Leave out spaces, dots when you type MACQGB21. Pasting the code beats typing it by hand: a typo can point to another bank.

About this information

Our SWIFT/BIC directory is compiled from public sources and is updated regularly. It can happen that information on this page is out of date. Figures such as the number of codes are from our own dataset and are not confirmed by Macquarie Bank Limited.

Use our data as a reference, not as the last word. GoldexPay has no connection to Macquarie Bank Limited; we are a comparison site for money transfers. Found outdated information? Let us know via our contact form so we can correct it.

SEPA payments and the Macquarie Bank Limited BIC

United Kingdom belongs to the SEPA area, the zone for uniform euro payments. When you send euros within SEPA, you normally only need the IBAN.

You will still need MACQGB21XXX when sending payments in other currencies or money from outside the SEPA area. A few banks and apps also show a field for the BIC; in that case, enter MACQGB21.

Instant payments in euros are increasingly available across SEPA. As long as the payment stays in euros, the transfer is cheap.

Choosing between the 2 SWIFT codes of Macquarie Bank Limited

Our database contains 2 SWIFT/BIC codes for Macquarie Bank Limited in 1 places. Besides the head office code MACQGB21XXX, there are codes for individual branches and departments.

For most incoming transfers, the head office code MACQGB21XXX works fine. Branch codes are only needed when the account holder explicitly mentions it.

Not sure which code applies? Ask the recipient or the bank itself. Branch codes are more prone to change than MACQGB21XXX.

Receiving money from abroad at Macquarie Bank Limited

A sender in another country will ask for a few details from you – incomplete details often cause delays. In practice that means: your name as registered with Macquarie Bank Limited, your account number or IBAN, the SWIFT/BIC code MACQGB21XXX (or MACQGB21) and, often, your address.

You can include the bank name and its city as well, since some forms ask for it. A mistake in your account number is more trouble than it looks, so copy the details from your online banking.

Expect that the incoming amount is below what the sender paid. Fees for incoming transfers vary from bank to bank – the price list of Macquarie Bank Limited tells you what applies. Agree with the sender who pays which costs.

International transfers from Macquarie Bank Limited: the real cost

The price of a payment abroad has more than one component – not just the fee on your screen. There is the transfer fee, sometimes charges from correspondent banks along the way and, above all, the margin on the exchange 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: set the bank’s rate next to the mid-market rate for the same moment and work out the difference on your amount.

For a lot of currency pairs, a transfer service is less expensive than a traditional bank transfer – mostly thanks to the rate. Before your next transfer, take a minute to compare the total cost via GoldexPay instead of going straight to your bank. Choosing a specialist does not require leaving Macquarie Bank Limited.

Scams that use SWIFT codes

Stay alert when a contact suddenly wants you to pay into another account or a bank in another country. A valid SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Verify new bank details through a separate channel, never via the email that asked for the change. Urgency or secrecy tend to be red flags. When a payment has already gone to a fraudster, contact your bank immediately.

Fraud also work the other way: someone sends more than agreed and asks you to refund the difference to a new account. A screenshot of a transfer is no proof – check your own account.

How to check MACQGB21 before you pay

The safest source for a SWIFT code is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check it with MACQGB21 here and ask if anything does not match.

If the code is wrong, the payment may be delayed, be returned or cost extra – sometimes after weeks of searching. Remember the account number: a mistake there is more difficult to correct than a wrong BIC.

Most online banking apps check the structure of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. Some banks now compare the name against the account – do not ignore a mismatch warning. A small test payment is worth it for a large first payment, even if it costs an extra fee.