Persia International Bank PLC SWIFT/BIC code

Persia International Bank PLC SWIFT code: PIBPGB2L

Whether a recipient gives you PIBPGB2L or PIBPGB2LXXX, you are looking at the identical address for Persia International Bank PLC in United Kingdom. Banks worldwide use these codes to direct international transfers to the correct bank. You will need it mainly for payments that cross a border and payments in foreign currencies.

On this page you will find what the code is put together, when it matters and which other details a transfer to or from Persia International Bank PLC requires. The SWIFT code alone cannot identify a personal account; for that you need the IBAN or account number is for.

Receiving money from abroad at Persia International Bank PLC

When you expect money from abroad, give the sender everything they need in one go. What they need is: the account holder’s name, IBAN or account number, PIBPGB2LXXX and, for some countries, your home address.

Some sending banks want the bank’s address in London. A mistake in the IBAN is more trouble than it looks, so copy the details from your online banking.

Money from abroad will not always arrive in full. Charges on incoming payments vary per bank; check the price list of Persia International Bank PLC. Make clear with the sender who pays which costs.

Before you send: check the Persia International Bank PLC code

Ask the recipient to copy the account details straight from their online banking. Compare it with PIBPGB2L on this page.

Mistakes in the BIC are annoying rather than disastrous: often the payment comes back, minus fees. An error in the IBAN or account number can be a bigger problem; check it just as carefully.

A format check in your banking app merely confirms that the IBAN is valid, not that it is the right account. If your bank offers it, a payee name check before sending gives an extra layer of safety. For a first payment, some people send a small amount first before sending the rest.

What a transfer from Persia International Bank PLC abroad really costs

The price of a payment abroad has more than one component, and the transfer fee is only the most visible one. You pay the transfer fee, sometimes charges from correspondent banks in between and, above all, the exchange rate markup when the money is converted.

Banks rarely list their exchange rate markup separately – you only notice it if you compare. Check their rate with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For a lot of routes, a specialist provider is cheaper than a bank – mostly thanks to the rate. GoldexPay compares these services next to each other so you can see what actually arrives before you commit. You can still use your account at Persia International Bank PLC, while a cheaper service handles the conversion.

What the XXX in PIBPGB2LXXX means

The structure of a BIC is always the same: four characters for the institution, a two-letter country code and a two-character location code, sometimes followed by a branch code. That gives you PIBPGB2L, the short form of the code.

The 11-character version adds three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office, so PIBPGB2LXXX and PIBPGB2L are interchangeable.

Do not add spaces when you type PIBPGB2L. Pasting the code beats retyping it: a typo can point to another bank.

Watch out for payment fraud

Stay wary when a contact unexpectedly wants you to pay into another account. A real SWIFT code tells you nothing about who owns the account.

Before paying, verify a change of bank details through a phone call on a number you know, not one from the message. Watch out for urgent requests, odd spelling or an email address that differs by one letter. Acted too fast? Call your bank straight away and have them start a recall and report the fraud.

Fraud can also work the other way: someone claims to have sent too much and asks you to return the difference to a new account. Do not act before the money is actually in your account – ask Persia International Bank PLC if something looks wrong.

British Pound (GBP) and conversion costs

Most accounts at Persia International Bank PLC are typically held in GBP, the national currency of United Kingdom. When you pay money in a different currency it has to be converted somewhere along the way: by your bank, an intermediary or Persia International Bank PLC itself. There is rarely a separate charge for that conversion – the cost sits in the rate.

Who does the conversion has an effect on the final amount, since every bank sets its own rate. Transferring the amount already in GBP usually avoids a second conversion.

The rate for GBP fluctuates throughout the day and quotes are often valid only for a short time. On larger amounts, even seemingly small difference in the rate can be worth more than the fee.

About this information

We gather bank codes using public sources and check them from time to time. It can happen that information on this page is no longer current after a merger or reorganisation. Counts and locations are from our own dataset.

Treat our data as a starting point, rather than as the last word. GoldexPay is not affiliated with Persia International Bank PLC. Should you notice a mistake, we appreciate a short note via the contact page.

SEPA payments and the Persia International Bank PLC BIC

Since United Kingdom is part of SEPA, a euro payment into Persia International Bank PLC from another SEPA country normally requires just an IBAN. Most banking apps do not require the BIC for these payments.

You will still need PIBPGB2LXXX when sending non-euro payments or transfers from countries outside SEPA. If a payment form asks for the BIC anyway, entering PIBPGB2L does no harm.

Euro payments within SEPA normally land by the next business day. Fees for SEPA transfers tend to be low.

When will the money arrive at Persia International Bank PLC?

There is no fixed answer for every transfer: many land within a day, others take several business days. Bank holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Compliance checks by one of the banks can also cause a delay, even when all details are correct.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each payment gets a unique transaction reference, the UETR that banks can use to trace it. Save the payment confirmation until the recipient confirms – you will need it for any trace request.

If the money does not arrive within the expected time, the person who paid needs to start with their own bank. Ask the sender for a copy of the payment confirmation with the date and reference; that often settles the question quickly.

Persia International Bank PLC: head office code versus branch codes

Our database contains 2 SWIFT/BIC codes for Persia International Bank PLC, spread over 1 cities. Besides the head office code PIBPGB2LXXX, there are codes for branches, departments or specific services.

For most incoming transfers, the head office code PIBPGB2LXXX works fine. Only use a branch code when the account holder explicitly asks for it, for example on a letter or invoice.

Not sure which code applies? Ask the recipient. Codes for branches are more prone to be retired than the head office code when a bank merges or closes offices.