Phillip Securities (UK) Limited SWIFT/BIC code

SWIFT/BIC code of Phillip Securities (UK) Limited

Whether a recipient gives you PHSEGB21 or PHSEGB21XXX, you are looking at the same address for Phillip Securities (UK) Limited in United Kingdom. Banks worldwide use these codes to route payments between countries to the correct institution. It comes up mostly when dealing with payments that cross a border and payments in foreign currencies.

On this page you can read how the code means, when you need it and which other details a transfer to or from Phillip Securities (UK) Limited requires. A SWIFT code names an institution, never a single account, which is why you always need the account number too.

Paying Phillip Securities (UK) Limited in euros within SEPA

Within the SEPA zone, euro transfers to Phillip Securities (UK) Limited use the same rules. The BIC field is often optional for those payments.

A SWIFT code like PHSEGB21 still come into play when the currency is not euros. Some forms also ask for the BIC; if so, fill in PHSEGB21 or PHSEGB21XXX.

SEPA transfers usually arrive within one business day; instant payments are faster if both banks offer them. Fees for SEPA payments are generally low as long as everything stays in euros.

What to give a sender who pays you at Phillip Securities (UK) Limited

To receive an international payment into your account at Phillip Securities (UK) Limited, the person paying you has to have more than the SWIFT code. That means: your full name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code PHSEGB21XXX and usually your address.

Their bank may request the bank address of Phillip Securities (UK) Limited, in which case the London head office is the usual answer. A mistake in your account number can be harder to fix than you might think, so copy the details from your online banking.

Money from abroad does not always arrive for the full amount. Fees for incoming transfers differ from bank to bank – the price list of Phillip Securities (UK) Limited tells you what applies. Agree with the sender who pays which costs.

Watch out for payment fraud

A common scam works like this: an email arrives with a message claiming that a contact has a new bank account and that the next payment should go there. A correct SWIFT code tells you nothing about who owns the account.

Never rely on a phone number from the same email that contains the change. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. Already paid? Contact the bank you paid from without delay and ask them to start a recall.

Scams can also target the receiver: someone sends too much and wants you to return the extra to a new account. Do not act before the money is actually in your account and check with Phillip Securities (UK) Limited if anything seems off.

Is PHSEGB21 still correct? How to check

The most reliable source for a SWIFT code is the bank details provided by the recipient. When the code you were given differs from PHSEGB21 or PHSEGB21XXX, stop and ask – contact the recipient or Phillip Securities (UK) Limited.

Mistakes in the SWIFT code tend to be costly rather than fatal. An error in the account number is a bigger problem, because the money may be credited to someone else; check it just as carefully.

A validity check in your banking app merely tells you that the code exists. Where available, a payee name check on the recipient gives extra certainty. When you pay someone new, some people start with a small test amount before sending the rest.

Where our SWIFT data comes from

We gather bank codes using public sources and check our list from time to time. It can happen that information on this page is no longer current, for example after a merger. Figures such as the number of codes come from our own dataset and may differ from what Phillip Securities (UK) Limited publishes.

Treat this page as a reference, not as the last word: the recipient’s bank details come first. GoldexPay is independent of Phillip Securities (UK) Limited; we are a comparison site for money transfers. If you notice a mistake, we appreciate a short note.

Why Phillip Securities (UK) Limited has an 8- and an 11-character code

A BIC is built from a few fixed parts: the first four letters identify the bank, the next two give the country and the two after that indicate the location. Together, these eight characters make up PHSEGB21, the code most people search for.

The long version has three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office.

Leave out spaces, dots when you type PHSEGB21; the code is always written in one block. Look out for O versus 0 or the letter I and the digit 1, a common source of typos.

International transfers from Phillip Securities (UK) Limited: the real cost

If you transfer money abroad via Phillip Securities (UK) Limited, the visible fee is rarely all of what you pay. You pay the fee for the transfer itself, possibly fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate when the money is converted.

Banks do not show their exchange rate markup separately, but you pay it all the same. A simple test: set the rate you get next to the mid-market rate for the same moment and work out the difference on your amount.

Specialist money transfer services frequently use rates closer to the mid-market rate. On GoldexPay we compare what recipients receive with different providers. You can still keep your account at Phillip Securities (UK) Limited to fund the transfer.

Tracking a transfer to or from Phillip Securities (UK) Limited

How fast a payment arrives at Phillip Securities (UK) Limited is determined by several factors: the currency, the number of banks in between, cut-off times and differences in time zone. Bank holidays in the sending or receiving country add extra days to the journey. Occasionally a bank wants to know about the purpose of a payment before releasing it.

Many banks use SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique reference, the UETR, which your bank can use to see where the money is. Money transfer services often show a status in their app so you can see how far the payment has got.

If a payment has not arrived within the expected time, the person who paid should start with their own bank, not the receiving bank. As a recipient, it helps to check your account for a partial amount.

British Pound (GBP) and conversion costs

The currency in United Kingdom is the British Pound (GBP). When you pay money in a different currency it gets converted at some point – by your bank, by Phillip Securities (UK) Limited or by a bank in between. You rarely see a separate line for that conversion.

Who does the conversion has an effect on the final amount, as rates and margins differ per bank. Compare what GBP arrives via different services before choosing one.

Rates for GBP change all the time – some services let you fix a rate in advance. For recurring payments, small differences in the rate add up over time.

Phillip Securities (UK) Limited: head office code versus branch codes

Our directory lists 2 SWIFT/BIC codes for Phillip Securities (UK) Limited in 1 cities. Next to the head office code PHSEGB21XXX, you will find codes for individual branches and departments.

For the vast majority of payments to a private or business account, the head office code PHSEGB21XXX is what you need. When you receive a branch code, use it as it is instead of swapping it with the head office code.

If you are not sure, ask the person you are paying which code their bank gave them. Codes for branches are more prone to be retired than PHSEGB21XXX.