Savoy Investment Management Limited SWIFT/BIC code

TUTAGB21 – the SWIFT/BIC code of Savoy Investment Management Limited

Whether a recipient gives you TUTAGB21 or TUTAGB21XXX, you are looking at the same identifier for Savoy Investment Management Limited in United Kingdom. Every bank on the SWIFT network uses BIC codes to route payments between countries to the right bank. In practice you mostly see it on international invoices, in payment forms and on the account details of Savoy Investment Management Limited customers.

This page is meant to help people who sends money to an account at Savoy Investment Management Limited without mistakes. Keep in mind that the BIC only identifies the bank, not the account: the account number or IBAN does that part.

Is TUTAGB21 still correct? How to check

The best place to find the right code is paperwork issued by the bank, such as a statement or the account details in online banking. Compare it against TUTAGB21 here and ask if anything does not match.

An incorrect BIC may lead to a delay, a returned payment or extra fees along the way. An error in the IBAN or account number is a bigger problem; check it just as carefully.

A format check by your bank only tells you that the IBAN is valid. More and more banks compare the payee name against the account before you confirm – do not ignore a mismatch warning. When you pay someone new, some people start with a small amount first and wait for confirmation.

Scams that use SWIFT codes

Be wary when someone suddenly asks you to pay into a different 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.

Do not rely on contact details in the same message that contains the change. Pressure and requests to keep it quiet are red flags; a genuine business can wait for you to check. Already paid? Call your bank straight away and ask them to start a recall and report the fraud.

Scams can also target the receiver: someone sends too much and asks you to refund the extra. Wait until the money is actually in your account.

International transfers from Savoy Investment Management Limited: the real cost

The price of a payment abroad is made up of more than one component – not just the fee on your screen. On top of the transfer fee, correspondent or intermediary banks may deduct a fee, and if the money changes currency, the bank often uses a rate below the real market rate.

The real cost is often in the rate, rather than in the fee: the bank converts at a rate that includes a margin. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

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, showing what actually arrives for the same amount sent. Choosing a specialist does not require leaving Savoy Investment Management Limited: you simply pay the service from your account.

Receiving money from abroad at Savoy Investment Management Limited

A sender in another country will ask for a few details about your account, and missing ones are a common cause of delays. That means: your full name as registered with Savoy Investment Management Limited, your IBAN or account number, the BIC TUTAGB21XXX (or TUTAGB21) and usually your address.

Certain banks also ask for the name and address of Savoy Investment Management Limited, so keep it at hand. A mistake in your account number is harder to fix than you might think.

An incoming payment does not always land in full. Charges on incoming payments vary per bank; check the price list of Savoy Investment Management Limited. On invoices, you can state who bears the costs, so that nobody is left short.

A note on our data

The directory on GoldexPay draws on public sources and is updated regularly. Banks merge, close branches and change codes – a directory can be a step behind. Figures such as the number of codes are from our own dataset and may differ from what Savoy Investment Management Limited publishes.

Treat the information on this page as a handy check, and let the details from the recipient or Savoy Investment Management Limited have the final say. GoldexPay is independent of Savoy Investment Management Limited. Spotted outdated information? Tell us through the contact page so we can correct it.

Paying into Savoy Investment Management Limited in GBP

Accounts at Savoy Investment Management Limited are typically held in GBP, the local currency of United Kingdom. A payment in a foreign currency is exchanged into GBP before it reaches the account. There is rarely a separate charge for the conversion.

Which bank converts the money makes a difference, because each party uses its own rate. Compare how much GBP arrives with different services.

The GBP rate fluctuates constantly and quotes are often valid only for a short time. If you pay regularly, a slightly better rate add up over a year.

Do you need TUTAGB21 for a SEPA transfer?

United Kingdom is part of the SEPA area, where euro transfers follow common rules. For a regular euro transfer from another SEPA country, the IBAN is usually enough; many banks no longer ask for the BIC.

You still need TUTAGB21XXX for payments in other currencies or transfers from countries outside SEPA. Some banks and apps still show a field for the BIC; in that case, enter TUTAGB21 or TUTAGB21XXX.

SEPA transfers usually arrive by the next business day. As long as no currency is converted, a SEPA transfer tends to be inexpensive.

Savoy Investment Management Limited: head office code versus branch codes

We have 2 SWIFT/BIC codes for Savoy Investment Management Limited, spread over 2 locations. Besides the head office code TUTAGB21XXX, there are codes for regional offices and specialised units.

For the vast majority of incoming transfers, the head office code TUTAGB21XXX works fine. Only use a branch code when the recipient gives you that exact code, for example on a letter or invoice.

The safest route is to take the code straight from the account holder’s bank details. Codes for branches are more likely to change than TUTAGB21XXX when a bank merges or closes offices.

When will the money arrive at Savoy Investment Management Limited?

An international transfer typically takes one to a few business days, depending on the currency, the route and the banks involved. Transfers sent late in the day or on weekends and holidays often start the next business day. Compliance checks on larger or unusual payments may also add a delay.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer gets a unique reference, the UETR, which your bank can use to see where the money is. Keep the payment confirmation until the money has arrived – you will need it for any trace request.

A delayed transfer has to be traced by the sending bank on the basis of the transfer details. On the receiving end, you can check your account for a slightly lower amount, since fees may have been deducted.

Why Savoy Investment Management Limited has an 8- and an 11-character code

Every SWIFT/BIC code starts with an 8-character core: four letters for the bank, a two-letter country code and two characters for the location. For Savoy Investment Management Limited, the 8-character core is TUTAGB21.

XXX at the end of TUTAGB21XXX is not a missing value or an error: it indicates the head office of Savoy Investment Management Limited. Some forms ask for 11 characters, in which case you simply enter XXX behind TUTAGB21.

Enter the code in one piece, in capitals and without spaces, exactly as shown here. A single character can send a payment to another bank, so copy it carefully.