Markitserv Limited SWIFT/BIC code

SWIFT/BIC code of Markitserv Limited

MSRVGB2L and MSRVGB2LXXX are two spellings of the same bank identifier, and both lead to Markitserv Limited in London. The code does one job: it makes sure that an international payment reaches the right bank. In daily life you usually come across the code on invoices from abroad, in your banking app and in the bank details that Markitserv Limited provides.

On this page you will find what the code is put together, when it matters and which other details you need for a transfer to or from Markitserv Limited. Remember that the SWIFT code only identifies the bank, not the account: the account number or IBAN takes care of that.

About this information

The directory on GoldexPay draws on public sources and is updated regularly. Institutions reorganise, change names and retire codes. The figures on this page are based on what is in our directory and not on information from Markitserv Limited itself.

Treat our data as a reference, not as the final word: the recipient’s bank details come first. We are a comparison site for money transfers and not affiliated with Markitserv Limited. Spotted an error? Let us know through the contact page so we can correct it.

Sending money abroad from Markitserv Limited

The price of a payment abroad has more than one component. Besides the transfer fee, correspondent or intermediary banks can take a cut, and when currencies are converted the bank usually uses a rate below the real market rate.

Many banks do not list their exchange rate markup as a cost, but you pay it all the same. A simple test: set the bank’s rate against the mid-market rate for the same moment and look at the difference.

For many routes, a transfer service turns out to be less expensive than a bank, mainly because of the exchange rate. Before your next transfer, take a minute comparing the total cost on GoldexPay instead of going straight to your bank. Using a transfer service does not mean closing your account at Markitserv Limited – you pay the provider from your own account.

Watch out for payment fraud

Scammers regularly use payment requests with changed bank details sent from what looks like a familiar address. A correct SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Never trust contact details in the same message that announces the change. Pressure or secrecy tend to be warning signs; a genuine business can wait for you to check. Acted too fast? Call your bank without delay and have them try to recall the payment.

Fraud also target the receiver: someone sends too much and asks you to refund the extra. Do not act before the money is actually in your account.

Why Markitserv Limited has an 8- and an 11-character code

The layout of a BIC never changes: a bank code of four letters, two for the country and two for the location, sometimes followed by a branch code. Combined, these eight characters form MSRVGB2L – the version you usually see online.

Many payment forms accept both lengths. If a form requires eleven characters, enter MSRVGB2LXXX; if it wants eight, use MSRVGB2L.

Leave out spaces when you enter MSRVGB2L or MSRVGB2LXXX. Look out for O versus 0 and the letter I and the digit 1, a common source of typos.

What to give a sender who pays you at Markitserv Limited

Someone abroad who wants to pay you will ask for several details about your account – incomplete details often cause delays. Give them the account holder’s name, your account number or IBAN, the BIC MSRVGB2LXXX and your address, which some banks require.

Some sending banks also ask for the name and address of Markitserv Limited. A typo in your account number can be more trouble than it looks; copy them from your banking app rather than typing.

Expect that the incoming amount is smaller than what the sender paid. Charges on incoming payments differ per bank; check the price list of Markitserv Limited. Make clear with the sender who covers the fees before the money is sent.

Transfer times and tracking a payment to Markitserv Limited

How quickly a transfer reaches Markitserv 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. Payments made after the cut-off time or on a weekend or public holiday often go out a business day later. Extra checks on larger or unusual payments may also cause some delay.

When a payment takes longer than expected, ask the sending bank about the status; with that reference banks can see where the payment is. Money transfer services often show tracking in their app so you can see where the payment is.

A delayed transfer is investigated by the sending bank on the basis of the transfer details. As a recipient, you can check your statements to see a slightly lower amount because fees can reduce the amount.

Do you need MSRVGB2L for a SEPA transfer?

United Kingdom is part of the SEPA area, where euro transfers follow common rules. For a standard euro transfer from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

The BIC does matter for payments in other currencies and when the money comes from outside SEPA. A few banks and apps still show a field for the BIC; in that case, fill in MSRVGB2L.

Instant payments in euros have become increasingly supported across SEPA; check with Markitserv Limited whether it applies to your account. Provided no currency is converted, the transfer tends to be inexpensive; costs rise once a conversion is involved.

Is MSRVGB2L still correct? How to check

The safest source for a SWIFT code is the recipient’s own bank details. Compare that code against MSRVGB2L here and ask if anything does not match.

Mistakes in the SWIFT code are costly more than disastrous. A mistake in the account number is more serious because it can reach the wrong person, so check that just as carefully.

Many banking apps check the format of an IBAN and some suggest the matching BIC. Where available, a payee name check on the recipient adds an extra layer of safety. For a first payment, many people start with a small amount first before sending the rest.

British Pound (GBP) and conversion costs

The currency in United Kingdom is the British Pound (GBP). When you pay another currency, the amount has to be converted at some point: by your bank, an intermediary or Markitserv Limited itself. Each conversion eats into something – usually through the rate rather than a fee.

Where the conversion happens affects how much arrives, since every bank sets its own rate. In many cases it is cheaper if you send GBP directly via a transfer service that converts near the mid-market rate, so that the receiving bank does not need to convert again.

The rate for GBP changes constantly. On larger amounts, even seemingly small difference in the rate can be worth more than the fee.

Choosing between the 3 SWIFT codes of Markitserv Limited

Markitserv Limited uses 3 separate SWIFT/BIC codes across 1 cities. One of them is the head office code; the rest belong to branches, and sometimes specific services.

Unless the recipient tells you otherwise, use MSRVGB2LXXX. If you have been given a specific code, stick to it rather than replacing it with the head office code.

Unsure which code applies? Check with the recipient. Codes can change when banks reorganise, so a code from an old document is not always valid.