Simmons and Company International Limited SWIFT/BIC code

Simmons and Company International Limited SWIFT code: SICIGB21

If an invoice shows SICIGB21 or SICIGB21XXX, you are looking at the same identifier for Simmons and Company International Limited in United Kingdom. A SWIFT code shows every bank in the chain which institution is meant to get the money, a bit like a postal address for banks. In practice you mostly see it on invoices from abroad, in payment forms and on the account details of Simmons and Company International Limited customers.

This page is meant to help anyone who receives money at an account at Simmons and Company International Limited without mistakes. The BIC identifies an institution, not a specific account; the IBAN or account number does that.

The British Pound and what conversion costs you

United Kingdom pays in the British Pound, code GBP. If you send money in a different currency it gets converted at some point. Every conversion costs something – usually through the rate rather than a fee.

Who converts the payment matters. Check how much GBP arrives with different services before choosing one.

The rate for GBP changes throughout the day, so the amount you see is usually only valid for a short time. If you pay regularly, small differences in the rate make a real difference over a year.

8 or 11 characters: SICIGB21 versus SICIGB21XXX

A SWIFT code is built from fixed blocks: the first four letters identify the bank, the next two give the country and the two after that indicate the location. The result is SICIGB21.

The long version has three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office, which is why SICIGB21XXX and SICIGB21 lead to the same place.

Leave out spaces, dots when you enter SICIGB21. Copying the code beats retyping it.

How long does an international transfer to Simmons and Company International Limited take?

How quickly a transfer arrives at Simmons and Company International Limited depends on a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Payments made after the cut-off time or just before a weekend or public holiday often go out the next business day. Compliance checks by one of the banks can also cause a delay, even when all details are correct.

A growing number of banks use SWIFT gpi. Every payment carries a unique transaction reference, the UETR. Save the payment confirmation – you will need it for any trace request.

If the money does not arrive after a few business days, the person who paid needs to contact their own bank, not the receiving bank. As a recipient, you can check your statements for a slightly lower amount because fees can reduce the amount.

Choosing between the 2 SWIFT codes of Simmons and Company International Limited

We have 2 SWIFT/BIC codes for Simmons and Company International Limited, spread over 2 cities. Next to the head office code SICIGB21XXX, you will find codes for regional offices and specialised units.

If nobody asks you for a branch code, go with SICIGB21XXX. Just use a branch code when your contact gives you that exact code, for example on a letter or invoice.

If you are not sure, ask the person you are paying which code their bank gave them. Codes are sometimes changed or retired over time.

What to give a sender who pays you at Simmons and Company International Limited

When you are waiting for a payment from another country, send the payer everything they need in one go. Give them the account holder’s name, the IBAN or account number, SWIFT code SICIGB21XXX and your address, which some banks require.

Some sending banks want the bank’s address, so keep it at hand. Check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

Do not be surprised if the amount credited is smaller than the amount on the sender’s receipt. Fees for incoming transfers vary per bank. On invoices, it is common to state who bears the costs to avoid a shortfall.

Do you need SICIGB21 for a SEPA transfer?

Because United Kingdom is in SEPA, a euro payment to Simmons and Company International Limited from another SEPA country usually requires just an IBAN. Many banks no longer ask for the BIC in that case.

For anything other than euros and for senders outside SEPA, SICIGB21XXX or SICIGB21 remains required. Some forms still show a field for the BIC; in that case, enter SICIGB21 or SICIGB21XXX.

Euro payments within SEPA usually arrive by the next business day. As long as the payment stays in euros, the transfer tends to be cheap.

Is SICIGB21 still correct? How to check

The safest source for a SWIFT code is the bank details provided by the recipient. Compare that code against SICIGB21 on this page and ask if anything does not match.

An incorrect BIC can cause a delay, a payment being sent back or additional charges. Do not forget the account number: a mistake there can be harder to correct than a wrong code.

A validity check in your banking app only tells you that the code exists. Where available, a payee name check on the recipient adds extra certainty. A small test payment is worth it for a large first payment.

Where our SWIFT data comes from

We gather SWIFT/BIC codes using public sources and check them regularly. Institutions merge, close branches and change codes, and a directory never catches every change immediately. Figures such as the number of codes come from our own dataset and are not confirmed by Simmons and Company International Limited.

Before a payment of any size, always confirm the BIC with the recipient’s bank or the recipient. GoldexPay is an independent comparison site for money transfers and not affiliated with Simmons and Company International Limited. Found an error? Tell us through the contact page and we will look into it.

Paying someone abroad from your Simmons and Company International Limited account

The price of a payment abroad is made up of several parts – not just the fee on your screen. Besides a fixed fee, banks in between may take a cut, and when the money changes currency, the bank often uses a rate that is less favourable than the actual market rate.

Banks do not list the margin on the rate as a cost – you only notice it if you compare. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

Specialist money transfer services frequently use rates closer to the mid-market rate. GoldexPay compares these services next to each other, showing the amount the recipient gets for the same amount sent. Choosing a specialist does not mean leaving Simmons and Company International Limited – you pay the provider from your own account.

Changed bank details? Be careful

Be wary when a contact unexpectedly asks you to send money to another account abroad. A correct SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Verify changed payment details through a separate channel. Watch out for time pressure, unusual wording or a sender address that is slightly off. If money was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

Fraud can also work the other way. Someone claims to have sent too much and wants you to refund the extra to a new account. Do not act before the money is actually in your account – ask Simmons and Company International Limited if something looks wrong.