Rathbone Investment Management LTD SWIFT/BIC code

What RATHGB21 means for a payment to Rathbone Investment Management LTD

The short code RATHGB21 and the full code RATHGB21XXX refer to the same bank: Rathbone Investment Management LTD in Liverpool, United Kingdom. A BIC has a single purpose: it ensures that an international payment ends up at the right bank. It comes up mostly when dealing with payments that cross a border and payments in foreign currencies.

We wrote this page to help people who sends money to an account at Rathbone Investment Management LTD and wants to get the details right. Keep in mind that the SWIFT code only identifies the bank, not the account: the account number or IBAN takes care of that.

Getting paid from abroad into a Rathbone Investment Management LTD account

For an international payment at Rathbone Investment Management LTD, the person paying you has to have not just the SWIFT code. The basics are: the account holder’s name, IBAN or account number, RATHGB21XXX or RATHGB21 and often your postal address.

You can add Rathbone Investment Management LTD and its city as well, since some forms ask for it. Double-check each detail before you send them.

The amount you receive can be lower than what was sent. Intermediary banks may deduct a fee, Rathbone Investment Management LTD may charge for incoming payments, and if the currency changes, an exchange rate margin applies. Agree with the sender who covers the fees before the money is sent.

Rathbone Investment Management LTD: head office code versus branch codes

With 2 codes in 2 locations, Rathbone Investment Management LTD is one of the banks that use separate codes for parts of the organisation and departments. The head office code is RATHGB21XXX.

For the vast majority of payments to a private or business account, the head office code RATHGB21XXX is the right choice. Just use a branch code when the account holder gives you that exact code.

Unsure which code to use? Check with the recipient, or look at a recent statement from Rathbone Investment Management LTD. Codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

What a transfer from Rathbone Investment Management LTD abroad really costs

A bank transfer abroad costs more than the listed fee. On top of the transfer fee, correspondent or intermediary banks may take a cut, and when currencies are converted the bank usually uses a rate that is less favourable than the real market rate.

The real cost is often in the rate: the bank converts using an exchange rate with a margin built in. A simple test: put the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

Money transfer services often offer a rate near the mid-market rate with clearer fees. Next time you send money, take a minute comparing the total cost via GoldexPay instead of going straight to your bank. You can still keep your account at Rathbone Investment Management LTD; only the conversion and sending happen elsewhere.

Protect yourself against fake payment requests

Criminals often use payment requests with new bank details sent from what looks like a familiar address. A correct SWIFT code says nothing about whether the request is genuine.

Do not trust a phone number from the same email that contains the change. Watch out for urgent requests, unusual wording or an email address that differs by one letter. When a payment has already gone to a fraudster, contact your bank immediately.

People receiving money are targeted too: a classic trick is a buyer who pays too much followed by a request to refund the difference. Wait until the money has really arrived and check with Rathbone Investment Management LTD if anything seems off.

8 or 11 characters: RATHGB21 versus RATHGB21XXX

A SWIFT code is made up of fixed blocks: the first four letters identify the bank, characters five and six show the country and the two after that mark the location. Combined, these eight characters make up RATHGB21.

Many banks and apps accept either length. If a form requires eleven characters, enter RATHGB21XXX; if it wants eight, use RATHGB21.

Type the code in one piece, in upper case and without spaces, exactly as shown here. Watch for O versus 0 and I versus 1; they are easy to mix up.

Paying into Rathbone Investment Management LTD in GBP

The local currency in United Kingdom is the British Pound (GBP). If you send another currency, the amount has to be converted at some point: by your bank, an intermediary or Rathbone Investment Management LTD itself. You rarely see a separate line for the conversion; it is built into the rate.

Where the conversion happens affects the final amount. Transferring the amount already in GBP usually avoids an extra conversion by Rathbone Investment Management LTD, provided the rate you get is fair.

Rates for GBP move during the day. If you pay regularly, small differences in the rate add up over time.

Before you send: check the Rathbone Investment Management LTD code

The most reliable source for a SWIFT code is the recipient’s own bank details. When the code you were given does not match RATHGB21 or RATHGB21XXX, stop and ask – contact the recipient or Rathbone Investment Management LTD.

With a wrong code, the transfer might get stuck, bounce back or cost extra, and tracing it can take weeks. Remember the IBAN: a mistake there can be harder to correct than a wrong BIC.

A validity check in your banking app merely confirms that the code is valid. Some banks now compare the payee name against the account – do not ignore a mismatch warning. A small test payment is worth it for large sums.

SEPA payments and the Rathbone Investment Management LTD BIC

United Kingdom is part of the Single Euro Payments Area (SEPA), the zone for standardised euro payments. For a regular euro transfer from another SEPA country, you normally only need the IBAN.

Outside the euro and from non-SEPA countries, RATHGB21XXX or RATHGB21 remains part of the payment details. If your banking app asks for the BIC regardless, entering RATHGB21 does no harm.

Euro payments within SEPA usually arrive by the next business day, and instant transfers in seconds where both banks support them. Fees for SEPA transfers tend to be low.

Tracking a transfer to or from Rathbone Investment Management LTD

There is no single delivery time for international payments: many arrive the same day or the next. Transfers sent late in the day or on weekends and holidays often go out a business day later. Extra checks on larger or unusual payments may also add a delay.

When a payment takes longer than expected, contact your bank for the tracking status; with that reference banks can see where the payment is. Save the payment confirmation.

If the money does not arrive after a few business days, the sender needs to contact their own bank rather than Rathbone Investment Management LTD. As a recipient, you can check your account to see a partial amount because fees can reduce the amount.

About this information

Our SWIFT/BIC directory draws on public sources and is updated regularly. Even so, banks merge, rename themselves or change codes and our data may lag behind. The figures we show reflect what is in our directory.

Treat our data as a reference, rather than as the last word. GoldexPay is not affiliated with Rathbone Investment Management LTD. If you notice something that is out of date, we appreciate a short note via the contact page.