State Street Europe Limited SWIFT/BIC code

SSBEGB2X – the SWIFT/BIC code of State Street Europe Limited

If an invoice shows SSBEGB2X or SSBEGB2XXXX, you are looking at the identical address for State Street Europe Limited in United Kingdom. The code does one job: it makes sure that an international payment reaches the right bank. In practice you mostly come across the code on invoices from abroad, in payment forms and on the account details that State Street Europe Limited provides.

On this page we explain how the code means, when it matters and what else a transfer to or from State Street Europe Limited requires. Keep in mind that the BIC just identifies the bank, not the account: the account number or IBAN takes care of that.

Why State Street Europe Limited has an 8- and an 11-character code

A BIC is built from a few fixed parts: characters one to four identify the bank, the next two give the country and the two after that indicate the location. The result is SSBEGB2X.

The 11-character version adds three more characters for a branch or department. When those three characters are XXX, the code points to the head office, so SSBEGB2XXXX and SSBEGB2X are interchangeable.

In practice the code is typed in capitals. A single letter can send a payment to another bank.

Watch out for payment fraud

Fraudsters regularly use fake invoices with new bank details. The fact that SSBEGB2X exists is no guarantee that a request mentioning it is genuine.

Never trust a phone number from the same email that announces the change. Watch out for time pressure, unusual wording or an email address that differs by one letter. When a payment has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Fraud also target the receiver: someone claims to have sent too much and asks you to refund the extra to a new account. Wait until the money has really arrived and check with State Street Europe Limited if anything seems off.

Choosing between the 3 SWIFT codes of State Street Europe Limited

Our directory lists 3 SWIFT/BIC codes for State Street Europe Limited, spread over 1 cities. Besides the head office code SSBEGB2XXXX, there are codes for branches, departments or specific services.

In most cases you do not need to pick a branch: payments sent to SSBEGB2XXXX reach State Street Europe Limited correctly. Only use a branch code when your contact gives you that exact code, for example on an invoice or in their bank details.

Not sure which code applies? Ask the recipient, or look at a recent statement from State Street Europe Limited. Branch codes are more likely to change than the head office code.

Transfer times and tracking a payment to State Street Europe Limited

A SWIFT payment typically takes anywhere from one to several business days. Transfers sent after the cut-off time or on a weekend or public holiday usually start a business day later. Sometimes a bank asks what the payment is for before releasing it.

When a payment takes longer than expected, contact your bank about the status; with that reference banks can see where the payment is. Specialist transfer services usually provide tracking online showing where the money has got.

A missing payment has to be investigated by the sending bank. On the receiving end, it helps to check your account for a partial amount.

British Pound (GBP) and conversion costs

The national currency of United Kingdom is the British Pound (GBP). A payment in a foreign currency is exchanged into GBP, and whoever converts it chooses the rate. You rarely see a separate line for that conversion – the cost sits in the rate.

Who converts the money matters, because each party uses its own rate. Often it is cheaper to send GBP straight away through a transfer service that converts near the mid-market rate.

The rate for GBP fluctuates constantly. If you pay regularly, a slightly better rate add up over time.

Getting paid from abroad into a State Street Europe Limited account

Someone abroad who wants to pay you will ask for several details about your account – incomplete details often cause delays. In practice that means: your name exactly as it appears on the account, your IBAN or account number, the BIC SSBEGB2XXXX and, often, your address.

It helps to include State Street Europe Limited and London as well, because some payment forms have separate fields for them. Check every detail before you share them, because the sender’s bank usually copies them as is.

The amount you receive can be lower than the amount sent. Fees for incoming transfers differ from bank to bank. For business payments, you can state how the fees are split.

International transfers from State Street Europe Limited: the real cost

A bank transfer abroad costs more than the listed fee. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, above all, the exchange rate markup when the money is converted.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert using an exchange rate that includes a margin. A simple test: set the bank’s rate next to the mid-market rate for the same moment and look at the difference.

Specialist money transfer services often use a rate near the mid-market rate. On GoldexPay we compare what recipients receive across services, which makes the cheapest option easy to spot. You can always keep your account at State Street Europe Limited to fund the transfer.

How up to date is this code?

We collect SWIFT/BIC codes using publicly available data and check our list regularly. It can happen that a code on this page is no longer current. Counts and locations come from our own dataset and are not confirmed by State Street Europe Limited.

Before any payment that matters, always confirm the code with State Street Europe Limited or the recipient. GoldexPay is a comparison service for money transfers and not part of State Street Europe Limited. Found an error? Tell us through the contact page so we can correct it.

Verifying the SWIFT code of State Street Europe Limited

The most reliable source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. When the code you were given differs from SSBEGB2X or SSBEGB2XXXX, do not guess.

An incorrect BIC may lead to a delay, a returned payment or extra fees for investigation. Do not forget the account number: an error there is more difficult to correct than a wrong BIC.

A format check in your banking app merely confirms that the code is valid – not that it belongs to the person you mean to pay. If your bank offers it, a payee name check on the recipient gives extra certainty. A small test payment is worth it for a large first payment.

Euro transfers to State Street Europe Limited: is a BIC needed?

Because United Kingdom is in SEPA, a euro transfer to State Street Europe Limited from within the SEPA area usually requires just an IBAN. Most banking apps no longer ask for the BIC for these payments.

You still need SSBEGB2XXXX for payments in other currencies or transfers from countries outside SEPA. Some banks and apps still ask for the BIC out of habit; if so, fill in SSBEGB2X.

Instant payments in euros are increasingly supported across SEPA – whether State Street Europe Limited offers them for your account is worth checking. Fees for SEPA transfers tend to be low as long as everything stays in euros.