Sumitomo Mitsui Trust (UK) Limited SWIFT/BIC code

DEFLGB2L – the SWIFT/BIC code of Sumitomo Mitsui Trust (UK) Limited

The 8-character code DEFLGB2L and the 11-character code DEFLGB2LXXX refer to one and the same institution: Sumitomo Mitsui Trust (UK) Limited in London, United Kingdom. The code does one job: it ensures that money from abroad reaches the right bank. In daily life you usually come across the code on invoices from abroad, in your banking app and in the bank details of Sumitomo Mitsui Trust (UK) Limited customers.

This page is meant to help anyone who sends money to an account at Sumitomo Mitsui Trust (UK) Limited and wants to get the details right. The BIC names an institution, never a specific account.

How long does an international transfer to Sumitomo Mitsui Trust (UK) Limited take?

A SWIFT payment typically needs anywhere from one to several business days – it depends on currency, route and the banks in between. Bank holidays in the sending or receiving country can add extra days, since banks do not process on those days. Compliance checks by one of the banks may also cause a delay, regardless of the details.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each payment gets a unique transaction reference, the UETR. Keep the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

If a payment has not arrived within the expected time, the sender should contact their own bank, not the receiving bank. As a recipient, it helps to look at your account to see a slightly lower amount.

International transfers from Sumitomo Mitsui Trust (UK) Limited: the real cost

A bank transfer abroad costs rather more than the fee suggests. Besides a fixed fee, banks in between can deduct a fee, and when currencies are converted the bank often uses a rate that is less favourable than the real market rate.

Many banks do not show their exchange rate markup separately, but you pay it all the same. Check their rate against the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Specialist money transfer services frequently offer rates closer to the mid-market rate with clearer fees. GoldexPay compares what recipients receive with different services, which makes the cheapest option easy to spot. You can still keep your account at Sumitomo Mitsui Trust (UK) Limited to fund the transfer.

SEPA payments and the Sumitomo Mitsui Trust (UK) Limited BIC

Inside SEPA, euro payments to an account in United Kingdom use the same rules and in most cases need only the IBAN. A field for the BIC is usually optional or missing in that case.

You will still need DEFLGB2LXXX when sending payments in other currencies or transfers from countries outside SEPA. If a payment form asks for the BIC regardless, adding DEFLGB2L is fine.

Instant payments in euros have become widely supported within SEPA; check with Sumitomo Mitsui Trust (UK) Limited whether it applies to your account. Provided the payment stays in euros, the transfer tends to be inexpensive.

Receiving money from abroad at Sumitomo Mitsui Trust (UK) Limited

To receive a transfer from abroad into your account at Sumitomo Mitsui Trust (UK) Limited, the person paying you needs not just the BIC. That means: your full name exactly as it appears on the account, your account number or IBAN, the BIC DEFLGB2LXXX and, often, your address.

You can include the bank name and its city as well, because some payment forms have separate fields for them. Double-check every detail before you share them, because the sender’s bank usually copies them as is.

The amount you receive can be less than the amount sent. Fees for incoming transfers differ per bank. Agree with the sender who pays which costs before the money is sent.

British Pound (GBP) and conversion costs

United Kingdom uses the British Pound (GBP). Money sent in a different currency will be exchanged into GBP before it reaches the account, and whoever converts it chooses the rate. You rarely see a separate line for the conversion.

Who does the conversion has an effect on the final amount. Compare how much GBP the recipient gets via different services.

Rates for GBP move during the day – some services let you fix a rate in advance. For recurring payments, a slightly better rate make a real difference over time.

A note on our data

Our SWIFT/BIC directory is compiled from public sources. Institutions merge, close branches and change codes. Figures such as the number of codes come from our directory and may differ from what Sumitomo Mitsui Trust (UK) Limited publishes.

For any payment that matters, check the BIC with the recipient’s bank or with the recipient. GoldexPay is not affiliated with Sumitomo Mitsui Trust (UK) Limited, we only compare transfer services. If you notice something that is out of date, we welcome a short note via the contact page.

Is DEFLGB2L still correct? How to check

Have the recipient copy their bank details straight from their online banking. When the code you were given differs from DEFLGB2L or DEFLGB2LXXX, stop and ask – contact the recipient or Sumitomo Mitsui Trust (UK) Limited.

If the code is wrong, the transfer might get stuck, bounce back or end up costing more – sometimes after weeks of searching. Remember the account number: an error there is harder to correct than a wrong BIC.

A validity check by your bank only confirms that the code exists. Where available, a payee name check before sending adds extra certainty. Sending a small amount first can be a sensible step for a large first payment despite the extra fee.

What the XXX in DEFLGB2LXXX means

Each SWIFT/BIC code has an 8-character core: a four-letter bank code, two letters for the country and two characters for the location. In this case, that core is DEFLGB2L.

The long version has three more characters that identify a branch or department. When those three characters are XXX, the code points to the head office, so DEFLGB2LXXX and DEFLGB2L are interchangeable.

As a rule the code is typed in capitals. A single letter may route a payment to another bank, so check it twice.

Choosing between the 2 SWIFT codes of Sumitomo Mitsui Trust (UK) Limited

Having 2 codes in 1 locations, Sumitomo Mitsui Trust (UK) Limited belongs to the banks that register individual codes for parts of the organisation. The head office code remains DEFLGB2LXXX.

If nobody asks you for a branch code, use DEFLGB2LXXX or its short form DEFLGB2L. A branch code only makes sense if the recipient’s bank specifically asks for it.

If you are not sure, check with the recipient which code their bank gave them. Codes for branches are more likely to change than DEFLGB2LXXX.

Protect yourself against fake payment requests

A common scam goes like this: you receive a message claiming that a contact now has a new bank account. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Check changed bank details via a separate channel like a call to a number from an earlier contract. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. When money was sent to a fraudster, call your bank right away.

Recipients can be targeted as well: one known trick is an overpayment followed by a request to refund the difference. Wait until the money has really arrived and check with Sumitomo Mitsui Trust (UK) Limited if anything seems off.