Reyker Securities PLC SWIFT/BIC code

REYSGB21 – the SWIFT/BIC code of Reyker Securities PLC

REYSGB21 and REYSGB21XXX are two spellings of the same SWIFT/BIC code, and both point to Reyker Securities PLC in London. A SWIFT code shows every bank in the chain which institution is meant to get the money. It comes up mainly when dealing with payments that cross a border.

On this page we explain how the code is put together, when it matters and what else a transfer to or from Reyker Securities PLC requires. The BIC identifies an institution, never a single account, which is why you always need the account number too.

Getting paid from abroad into a Reyker Securities PLC account

To receive a transfer from abroad at Reyker Securities PLC, the sender needs more than the SWIFT code. Share your name as the bank knows it, the IBAN or account number, the BIC REYSGB21XXX and your address.

The sender’s bank may also ask for the bank address of Reyker Securities PLC, in which case the London head office is the usual answer. Double-check the details before you send them.

What lands in your account is often lower than what was sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. On invoices, it is common to agree who bears the costs, so that nobody is left short.

British Pound (GBP) and conversion costs

Accounts at Reyker Securities PLC are usually held in GBP, the local currency. When you pay money in a different currency, the amount gets converted somewhere along the way: by your bank, an intermediary or Reyker Securities PLC itself. Every conversion costs something, even when no fee is shown.

Who does the conversion affects the final amount, as rates and margins differ per bank. Sending the money directly in GBP often prevents an extra conversion – as long as your own rate is good.

The GBP rate fluctuates throughout the day and quotes are often valid only for a short time. For regular payments, a slightly better rate add up over a year.

Tracking a transfer to or from Reyker Securities PLC

There is no single answer for every transfer: many arrive within a day while others need several business days. Bank holidays in either country add a day or more, since banks do not process on those days. Extra checks by one of the banks can also cause some delay.

If the money is delayed, contact your bank about the status or the UETR so they can trace it along the chain. Specialist transfer services usually show a status in their app so you can see where the payment is.

The bank that sent the money is able to request a trace – the recipient’s bank often cannot see a payment that has not arrived. On the receiving end, it helps to look at your account for a partial amount because fees can reduce the amount.

Choosing between the 2 SWIFT codes of Reyker Securities PLC

Reyker Securities PLC has 2 different SWIFT/BIC codes. One of them is the head office code; the rest belong to branches.

For most payments to a private or business account, the head office code REYSGB21XXX works fine. Only use a branch code when your contact explicitly asks for it.

Not sure which code to use? Check with the recipient, or look at a recent statement from Reyker Securities PLC. Codes for branches are more likely to be retired than REYSGB21XXX.

What a transfer from Reyker Securities PLC abroad really costs

The price of a payment abroad has several parts, and the transfer fee is only the most visible one. On top of a fixed fee, banks in between may take a cut, and if currencies are converted, the bank usually uses a rate below the real market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts using an exchange rate with a margin built in. Check the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Specialist money transfer services often offer a rate near the mid-market rate and lower fees. GoldexPay lists transfer providers side by side so you can see the amount the recipient gets for the same amount sent. Using a transfer service does not require leaving Reyker Securities PLC: you simply pay the service from your account.

Why Reyker Securities PLC has an 8- and an 11-character code

The structure of every SWIFT code never changes: a bank code of four letters, two for the country and a two-character location code, plus an optional branch code. The result is REYSGB21 for Reyker Securities PLC.

The full version adds three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office, which is why REYSGB21XXX and REYSGB21 lead to the same place.

Leave out spaces or dashes when you type REYSGB21; the code is always written in one block. Watch for O versus 0 and I versus 1, a common source of typos.

Protect yourself against fake payment requests

One of the most common tricks works like this: you receive a message claiming that a company has new bank details and that the next payment should go there. A correct SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Check changed payment details through a separate channel like a call to a number from an earlier contract, never via the email that asked for the change. Urgency and requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. Acted too fast? Call the bank you paid from without delay and have them start a recall; also report it to the police.

Fraud also target the receiver: someone claims to have sent more than agreed and wants you to refund the extra to a new account. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

Where our SWIFT data comes from

Our SWIFT/BIC directory is based on publicly available sources. Still, banks merge, rename themselves or change codes, so information can be out of date. Counts and locations come from our directory.

Treat the information on this page as a helpful check and rely on the recipient or Reyker Securities PLC for the final confirmation. We are a comparison site for money transfers and not affiliated with Reyker Securities PLC. Spotted an error? Tell us via our contact form.

Do you need REYSGB21 for a SEPA transfer?

Within the SEPA zone, euro transfers to an account in United Kingdom use common rules and in most cases need only the IBAN. A field for the BIC is usually optional or missing for those payments.

The BIC does come into play for payments in other currencies. If your banking app asks for the BIC regardless, adding REYSGB21 is fine.

SEPA transfers normally land by the next business day. Fees for SEPA payments are generally low.

Before you send: check the Reyker Securities PLC code

Ask the recipient to send you their account details directly from their banking app. When the code you were given differs from REYSGB21 or REYSGB21XXX, stop and ask – contact the recipient or Reyker Securities PLC.

Errors in the BIC are costly more than disastrous. An error in the account number can be more serious because it can reach the wrong person; check it just as carefully.

Many banking apps check the format of IBANs – that confirms the format, not the owner. More and more banks check the name against the account. For a first payment, many people send a small amount first and wait for confirmation.