Macquarie Capital (Europe) Limited SWIFT/BIC code

What MAEQGB21 means for a payment to Macquarie Capital (Europe) Limited

The 8-character code MAEQGB21 and the full code MAEQGB21XXX identify the same bank: Macquarie Capital (Europe) Limited, with its head office in London. Banks worldwide use these codes to route payments between countries to the right institution. You will need it mostly when dealing with payments that cross a border and payments in foreign currencies.

We wrote this page to help people who pays into an account at Macquarie Capital (Europe) Limited and wants to get the details right. Keep in mind that the SWIFT code only identifies the bank, not the person: the account number or IBAN does that part.

Receiving money from abroad at Macquarie Capital (Europe) Limited

When you expect money from abroad, send the payer a complete set of details. The basics are: your name, account number or IBAN, MAEQGB21XXX and, for some countries, your postal address.

It helps to include Macquarie Capital (Europe) Limited and London too, since some forms ask for it. Check every detail before you send them.

Expect that the incoming amount is below the amount on the sender’s receipt. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate applies. Make clear with the sender who covers the fees before the money is sent.

The British Pound and what conversion costs you

Accounts at Macquarie Capital (Europe) Limited are usually held in GBP, the local currency of United Kingdom. A payment in a foreign currency is converted into GBP before it reaches the account – and the bank that does it picks the rate. There is rarely a separate line for the conversion – the cost sits in the rate.

Which bank converts the money makes a difference, because each party uses its own rate. In many cases you pay less to send GBP directly via a transfer service that converts near the mid-market rate.

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

Verifying the SWIFT code of Macquarie Capital (Europe) Limited

The most reliable place for the right code remains paperwork issued by the bank like a bank statement or the account page in online banking. If the code you have differs from MAEQGB21 or MAEQGB21XXX, do not guess: check with the recipient or with Macquarie Capital (Europe) Limited directly.

If the code is wrong, the transfer may be delayed, be returned or end up costing more. Do not forget the IBAN: a mistake there can be harder to undo than a wrong BIC.

An automatic check in your banking app merely confirms that the code exists. Some banks now check the payee name with the account before you confirm. For a first payment, many people send a small test amount before sending the rest.

Watch out for payment fraud

Be wary if someone unexpectedly asks you to pay into another account. A real SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Before paying, confirm a change of bank details through a phone call on a number you know, not one from the message. Pressure or secrecy are red flags – a real supplier can wait a day. If money was sent to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Scams can also work the other way. Someone sends more than agreed and asks you to refund the difference. A payment confirmation from the sender proves nothing – check your own account.

What the XXX in MAEQGB21XXX means

Each SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, a two-letter country code and two characters for the location. That gives you MAEQGB21, the short form of the code.

Many banks and apps accept either length. If yours requires eleven characters, enter MAEQGB21XXX; if it wants eight, use MAEQGB21.

In practice the code is typed in capitals and without spaces. A wrong letter can send the money to another bank, so check it twice.

Sending money abroad from Macquarie Capital (Europe) Limited

When you transfer money abroad through Macquarie Capital (Europe) Limited, the visible fee is only part of the cost. There is the transfer fee, sometimes charges from correspondent banks along the way and, most importantly, the margin on the exchange rate when the money is converted.

That exchange rate margin tends to be the biggest item, and it is easy to miss. Compare the rate you are offered with the mid-market rate.

Money transfer services frequently use a rate near the mid-market rate and lower fees. GoldexPay compares the amount that arrives with different services, which makes the cheapest option easy to spot. Using a transfer service does not mean closing your account at Macquarie Capital (Europe) Limited – you pay the provider from your own account.

Macquarie Capital (Europe) Limited: head office code versus branch codes

Our directory lists 2 SWIFT/BIC codes for Macquarie Capital (Europe) Limited. Besides the head office code MAEQGB21XXX, you will find codes for regional offices and specialised units.

Usually you do not need to pick a branch: transfers sent to MAEQGB21XXX reach Macquarie Capital (Europe) Limited correctly. Only use a branch code when your contact explicitly asks for it.

The best way is to take the code directly from the account holder’s bank details. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

SEPA payments and the Macquarie Capital (Europe) Limited BIC

Since United Kingdom is in SEPA, a euro transfer to Macquarie Capital (Europe) Limited from another SEPA country usually only needs the IBAN. Most banking apps no longer ask for the BIC for these payments.

A SWIFT code like MAEQGB21 still matter for payments in other currencies, and for transfers from outside SEPA. Some forms still show a field for the BIC out of habit; in that case, fill in MAEQGB21.

SEPA transfers normally land within one business day. Fees for SEPA transfers are generally low.

When will the money arrive at Macquarie Capital (Europe) Limited?

How quickly a payment reaches Macquarie Capital (Europe) Limited is determined by a few things: which currency you send, how many intermediary banks are involved, cut-off times and differences in time zone. Bank holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Sometimes a bank asks about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, contact the sending bank for the tracking status or the UETR so they can trace it along the chain. Money transfer services usually show a status online so you can see where the payment has got.

Only the sending bank is able to request a trace – the recipient’s bank often cannot see a payment that has not arrived. On the receiving end, it helps to look at your account for a slightly lower amount, since fees may have been deducted.

How up to date is this code?

The directory on GoldexPay draws on publicly available sources. Institutions merge, close branches and change codes. The number of codes on this page are based on what is in our directory, not official figures from Macquarie Capital (Europe) Limited.

Before a payment that matters, check the code with the recipient’s bank or the recipient. GoldexPay is an independent comparison site for money transfers and not part of Macquarie Capital (Europe) Limited. Spotted outdated information? Tell us through the contact page.