Pershing Limited SWIFT/BIC code

What PERLGB22 means for a payment to Pershing Limited

Whether a recipient gives you PERLGB22 or PERLGB22XXX, it is the same identifier for Pershing Limited in United Kingdom. Every bank on the SWIFT network uses BIC codes to route international transfers to the right institution. In practice you mostly come across the code on international invoices, in payment forms and on the account details that Pershing Limited provides.

We wrote this page to help anyone who sends money to an account at Pershing Limited. Remember that the SWIFT code just identifies the bank, not the person: the IBAN or account number takes care of that.

What the XXX in PERLGB22XXX means

A BIC is made up of fixed blocks: the first four letters identify the bank, characters five and six show the country and characters seven and eight mark the location. In this case, that core is PERLGB22.

XXX at the end of PERLGB22XXX is not a placeholder or a mistake: it indicates the main office of Pershing Limited. Certain payment forms ask for 11 characters, in which case you simply enter XXX after PERLGB22.

As a rule the code is typed in capitals and without spaces. Copying the code beats typing it by hand, because one wrong letter changes the bank.

SEPA payments and the Pershing Limited BIC

United Kingdom is part of the Single Euro Payments Area (SEPA), where euro transfers follow common rules. When you send euros within SEPA, the IBAN is usually enough and the BIC is often filled in automatically.

The BIC does come into play 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 PERLGB22 or PERLGB22XXX.

Euro payments within SEPA usually arrive within one business day. Fees for SEPA transfers tend to be low.

What to give a sender who pays you at Pershing Limited

To receive a transfer from abroad into your account at Pershing Limited, the person paying you has to have not just the SWIFT code. Share the account holder’s name, the IBAN or account number, the BIC PERLGB22XXX and your address, which some banks require.

It helps to include the bank name and its city as well, because some payment forms have separate fields for them. A mistake in your account number is harder to fix than it looks, so copy the details from your online banking.

What lands in your account is often less than the amount sent. Fees for incoming transfers vary per bank; check the price list of Pershing Limited. Make clear with the sender who pays which costs before the money is sent.

Where our SWIFT data comes from

The details here are taken from public sources which we refresh regularly. It can happen that information here is out of date. The figures on this page are based on what is in our directory.

Treat the information on this page as a helpful check and rely on the recipient or Pershing Limited for the final confirmation. GoldexPay is independent of Pershing Limited. Should you notice something that is out of date, we welcome a short note.

Transfer times and tracking a payment to Pershing Limited

There is no fixed delivery time for international payments: some arrive within a day, others take several business days. Payments made after the cut-off time or just before a weekend or public holiday usually start the next business day. Occasionally a bank wants to know what the payment is for before releasing it.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer carries a unique transaction reference, the UETR that banks can use to trace it. Save your transfer receipt until the recipient confirms.

The bank that sent the money can start an official trace. As a recipient, you can look at your statements to see a slightly lower amount because fees can reduce the amount.

Paying into Pershing Limited in GBP

United Kingdom uses the British Pound, with the currency code GBP. When you pay another currency, the amount has to be converted somewhere along the way. Each conversion eats into something.

Who does the conversion has an effect on how much arrives, as rates and margins differ per bank. Sending the amount already in GBP usually avoids an extra conversion by Pershing Limited, provided the rate you get is fair.

The GBP rate fluctuates constantly, so the amount you see is usually only valid for a short time. On larger amounts, a seemingly small difference in the rate adds up quickly.

Paying someone abroad from your Pershing Limited account

A bank transfer abroad costs more than the fee suggests. On top of a fixed fee, banks in between can deduct a fee, and when the money changes currency, the bank usually applies a rate that is less favourable than the real market rate.

Banks do not list their exchange rate markup separately – you only notice it if you compare. Compare the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

Specialist money transfer services often use rates closer to the mid-market rate and lower fees. GoldexPay compares what recipients receive across providers. You can still keep your account at Pershing Limited.

How to check PERLGB22 before you pay

The safest source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. When the code you were given differs from PERLGB22 or PERLGB22XXX, do not guess – contact the recipient or Pershing Limited.

Mistakes in the SWIFT code are annoying rather than fatal: often the payment comes back, minus fees. Do not forget the account number: an error there is harder to undo than a wrong BIC.

Many banking apps check the structure of IBANs and sometimes look up the BIC automatically – that confirms the format, not the owner. Some banks now check the payee name with the account; take any warning seriously. When you pay someone new, some people send a small amount first before sending the rest.

Changed bank details? Be careful

Be wary if a contact unexpectedly wants you to send money to another account or a bank in another country. A correct SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Verify changed bank details via a different channel, such as a phone number you already know, not by replying to the message. Pressure or requests to keep it quiet are red flags; a genuine business can wait for you to check. When money was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

People receiving money are targeted too: one known trick is an overpayment and then sends a request to refund the difference abroad. Do not act before the money has really arrived and check with Pershing Limited if anything seems off.

Choosing between the 2 SWIFT codes of Pershing Limited

Our database contains 2 SWIFT/BIC codes for Pershing Limited, spread over 1 locations. Besides the head office code PERLGB22XXX, you will find codes for individual branches and departments.

If nobody asks you for a branch code, use PERLGB22XXX. Branch codes are only needed when the recipient’s bank specifically mentions it.

The safest approach is to take the code directly from the recipient’s bank details. Codes for branches are more likely to be retired than PERLGB22XXX when a bank merges or closes offices.