Newgate Two Limited SWIFT/BIC code

NMFMGB21 – the SWIFT/BIC code of Newgate Two Limited

NMFMGB21 and NMFMGB21XXX are the short and the long form of the same bank identifier, and both point to Newgate Two Limited in London. A SWIFT code shows every bank in the chain exactly which bank is meant to get the money, a bit like a postal address for banks. It comes up mostly when dealing with transfers between countries and payments in foreign currencies.

On this page we explain what the code is put together, when you need it and what else you need for a transfer to or from Newgate Two Limited. The SWIFT code alone does not identify a personal account; for that you need the account number or IBAN .

Choosing between the 2 SWIFT codes of Newgate Two Limited

With 2 codes, Newgate Two Limited belongs to the banks that use separate codes for parts of the organisation. The head office code remains NMFMGB21XXX.

For the vast majority of payments to a private or business account, the head office code NMFMGB21XXX is what you need. Only use a branch code when your contact gives you that exact code, for example on an invoice or in their bank details.

The safest route is to take the code straight from the recipient’s invoice. Codes are sometimes changed or retired over time.

What the XXX in NMFMGB21XXX means

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and two characters for the location. In this case, that core is NMFMGB21.

Most banks and apps accept either length. If a form requires eleven characters, use NMFMGB21XXX, otherwise NMFMGB21 is fine.

Leave out spaces, dots when you type NMFMGB21; the code is always written in one block. Pasting the code beats retyping it, because one wrong letter changes the bank.

A note on our data

We collect SWIFT/BIC codes using public sources and update our list from time to time. Still, banks merge, rename themselves or change codes, so information can be out of date. The number of codes we show are based on what is in our directory, not official figures from Newgate Two Limited.

See the information here as a handy check and rely on the recipient or Newgate Two Limited for the final confirmation. We are an independent comparison service for money transfers and not part of Newgate Two Limited. Found an error? Let us know through the contact page and we will look into it.

What to give a sender who pays you at Newgate Two Limited

Someone abroad who wants to pay you needs a few details from you – incomplete details often cause delays. What they need is: your name, IBAN or account number, NMFMGB21XXX and often your home address.

Their bank might also ask for the address of your bank, in which case the London head office is the usual answer. A typo in the IBAN is harder to fix than you might think, so copy the details from your online banking.

The amount you receive can be less than the amount sent. Charges on incoming payments vary per bank; check the price list of Newgate Two Limited. Make clear with the sender who pays which costs before the money is sent.

Paying into Newgate Two Limited in GBP

The national currency of United Kingdom is the British Pound (GBP). When you pay money in a different currency has to be converted somewhere along the way – by your bank, by Newgate Two Limited or by a bank in between. You rarely see a separate line for the conversion; it is built into the rate.

Who does the conversion has an effect on how much arrives, since every bank sets its own rate. Check how much GBP the recipient gets via several providers.

The GBP rate fluctuates throughout the day, so the amount you see is usually only valid for a short time. With bigger transfers, even small difference in the rate can be worth more than the fee.

How long does an international transfer to Newgate Two Limited take?

An international transfer typically takes anywhere from one to several business days. Transfers sent late in the day or just before weekends and holidays often start a business day later. Sometimes a bank asks about the purpose of a payment.

If the money is late, ask your bank about the tracking status so they can trace it along the chain. Save the payment confirmation; it contains the details a bank needs to start a trace.

A delayed transfer has to be investigated by the sending bank on the basis of the transfer details. Request from the sender the payment receipt – it helps your own bank look for the money.

Paying Newgate Two Limited in euros within SEPA

Inside SEPA, euro payments to an account in United Kingdom use the same rules. A field for the BIC is usually optional or missing for those payments.

A SWIFT code like NMFMGB21 still come into play when the currency is not euros and when the money comes from outside SEPA. If a payment form asks for the BIC anyway, entering NMFMGB21 is fine.

Instant payments in euros have become increasingly available within SEPA. Charges on SEPA transfers tend to be low, as long as no currency conversion is involved.

Sending money abroad from Newgate Two Limited

When you send money abroad from Newgate Two Limited, the visible fee is rarely all of what you pay. Besides the transfer fee, banks in between may deduct a fee, and when currencies are converted the bank usually uses a rate below the real market rate.

Banks rarely list their exchange rate markup as a cost – you only notice it if you compare. An easy check: set the bank’s rate against the mid-market rate and look at the difference.

For many routes, a transfer service turns out to be less expensive than a traditional bank transfer – mostly thanks to the rate. On GoldexPay we compare the amount that arrives with different services. Using a transfer service does not mean leaving Newgate Two Limited.

Changed bank details? Be careful

Scammers regularly send fake invoices containing new bank details sent from what looks like a familiar address. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Do not rely on a phone number in the same message that contains the new account. Watch out for urgent requests, odd spelling or a sender address that is slightly off. Already paid? Contact your bank straight away and ask them to try to recall the payment.

People receiving money are targeted too: one known trick is an overpayment followed by a request to refund the difference abroad. Wait until the money is actually in your account.

Is NMFMGB21 still correct? How to check

The safest source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Compare that code against NMFMGB21 here.

With a wrong code, the payment may be delayed, be returned or cost extra – sometimes after weeks of searching. Remember the IBAN: a mistake there is more difficult to undo than a wrong code.

Many banking apps validate the structure of IBANs and sometimes look up the BIC automatically. More and more banks compare the payee name against the account before you confirm. For a first payment, many people start with a small amount first and wait for confirmation.