Matrix Cc Limited SWIFT/BIC code

SWIFT/BIC code of Matrix Cc Limited

The 8-character code MCOCGB21 and the 11-character code MCOCGB21XXX refer to one and the same institution: Matrix Cc Limited, with its head office in London. Every bank on the SWIFT network uses BIC codes to direct international transfers to the right bank. In daily life you mostly see it on international invoices, in payment forms and in the bank details that Matrix Cc Limited provides.

Below we go through the practical questions: receiving money at Matrix Cc Limited, sending money abroad and how to check the code before you confirm a payment. The SWIFT code alone cannot identify a personal account; for that you need the account number or IBAN .

Getting paid from abroad into a Matrix Cc Limited account

To receive a transfer from abroad at Matrix Cc Limited, the sender has to have more than the SWIFT code. In practice that means: your name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code MCOCGB21XXX (or MCOCGB21) and, often, your address.

It helps to include the bank name and London too, since some forms ask for it. Double-check the details before you send them.

Expect that the incoming amount is smaller than what the sender paid. Charges on incoming payments differ per bank. On invoices, you can state how the fees are split to avoid a shortfall.

Tracking a transfer to or from Matrix Cc Limited

How fast a payment arrives at Matrix Cc Limited depends on a few things: the currency, the number of banks in between, cut-off times and time zones. Weekends and public holidays in the sending or receiving country add extra days. Occasionally a bank asks about the purpose of a payment, which can hold things up.

If a transfer is late, contact the sending bank about the tracking status and the transaction reference. Keep the payment confirmation until the recipient confirms – you will need it for any trace request.

The bank that sent the money is able to request a trace – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender the payment receipt.

Changed bank details? Be careful

Stay wary when a contact suddenly asks you to pay into another account. That MCOCGB21 is a real code is no guarantee that a request mentioning it is genuine.

Do not rely on contact details from the same email that contains the new account. Pressure and requests to keep it quiet are red flags. Already paid? Call the bank you paid from straight away and have them start a recall and report the fraud.

Recipients are targeted too: one known trick is an overpayment and then sends a request to refund the difference to another account. Do not act before the money is actually in your account and check with Matrix Cc Limited if anything seems off.

What a transfer from Matrix Cc Limited abroad really costs

An international bank payment costs rather more than the listed fee. There is the transfer fee, possibly charges from correspondent banks in between and, most importantly, the exchange rate markup when the money is converted.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert using an exchange rate that includes a margin. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Specialised transfer providers often use a rate near the mid-market rate with clearer fees. Next time you send money, it is worth comparing the total cost on GoldexPay. You can always keep your account at Matrix Cc Limited to fund the transfer.

Why Matrix Cc Limited has an 8- and an 11-character code

The layout of every SWIFT code is always the same: a bank code of four letters, a two-letter country code and two for the location. For Matrix Cc Limited, the 8-character core is MCOCGB21.

Many payment forms accept both lengths. If yours asks for eleven characters, enter MCOCGB21XXX; if it wants eight, use MCOCGB21.

Leave out spaces, dots when you enter MCOCGB21; the code is always written in one block. A wrong letter may route a payment to another bank, so check it twice.

About this information

The details here come from publicly available data that we update regularly. It is possible that a code on this page is no longer current, for example after a merger. The number of codes we show are based on our own data and not on information from Matrix Cc Limited itself.

Treat our data as a reference, not as the final word: the recipient’s bank details come first. GoldexPay is an independent comparison service for money transfers and not affiliated with Matrix Cc Limited. Spotted an error? Let us know via our contact form so we can correct it.

Choosing between the 2 SWIFT codes of Matrix Cc Limited

Matrix Cc Limited uses 2 separate SWIFT/BIC codes across 1 locations. Only one is the head office code; the rest identify branches, and sometimes specific services.

Usually you do not need to pick a branch: transfers sent to MCOCGB21XXX reach Matrix Cc Limited without problems. Branch codes are only needed when the recipient’s bank explicitly mentions it, which is more common for corporate accounts and specialised services.

Not sure which code applies? Ask the recipient, or look at a recent statement from Matrix Cc Limited. Branch codes are more likely to be retired than the head office code.

Do you need MCOCGB21 for a SEPA transfer?

United Kingdom is a member of the Single Euro Payments Area (SEPA). When you send euros within SEPA, you normally only need the IBAN; many banks no longer ask for the BIC.

For anything other than euros and for senders outside SEPA, MCOCGB21XXX remains part of the payment details. Some banks and apps also show a field for the BIC out of habit; in that case, fill in MCOCGB21 or MCOCGB21XXX.

Instant payments in euros have become increasingly available within SEPA – whether Matrix Cc Limited offers them for your account is worth checking. Charges on SEPA payments tend to be low as long as everything stays in euros.

British Pound (GBP) and conversion costs

The local currency in United Kingdom is the British Pound (GBP). If you send another currency it has to be converted at some point – by your bank, by Matrix Cc Limited or by a bank in between. Every conversion eats into something – usually through the rate rather than a fee.

Where the conversion happens affects the final amount, since every bank sets its own rate. In many cases it is cheaper to send GBP straight away through a provider with a good rate rather than letting the receiving bank convert.

Exchange rates change all the time – some services let you fix a rate in advance. On larger amounts, a small difference in the rate can be worth more than the fee.

How to check MCOCGB21 before you pay

Have the recipient send you the account details straight from their online banking. If the code you have differs from MCOCGB21 or MCOCGB21XXX, do not guess.

With a wrong code, the transfer might get stuck, bounce back or cost extra. Remember the IBAN: an error there is more difficult to undo than a wrong code.

Most online banking apps validate the format of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. If your bank offers it, a name check before sending gives extra certainty. A small test payment can be worth it for a large first payment.