Tesco Personal Finance PLC SWIFT/BIC code

SWIFT/BIC code of Tesco Personal Finance PLC

The short code TPFGGB2E and the full code TPFGGB2EXXX identify the same bank: Tesco Personal Finance PLC in Edinburgh, United Kingdom. Banks worldwide use these codes to route international transfers to the correct bank. In daily life you mostly see it on invoices from abroad, in your banking app and in the bank details of Tesco Personal Finance PLC customers.

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

Paying someone abroad from your Tesco Personal Finance PLC account

What you pay for a payment abroad has several parts – not just the fee on your screen. On top of a fixed fee, correspondent or intermediary banks can take a cut, and when currencies are converted, the bank usually applies a rate that is less favourable than the actual market rate.

Banks do not show their exchange rate markup separately – you only notice it if you compare. A simple test: put the rate you get against the mid-market rate and look at the difference.

For a lot of currency pairs, a transfer service turns out to be cheaper than a bank, mainly because of the exchange rate. On GoldexPay we compare what recipients receive with different providers, so you can pick the cheapest route. You can still keep your account at Tesco Personal Finance PLC; only the conversion and sending happen elsewhere.

Changed bank details? Be careful

Criminals regularly use payment requests containing new bank details. A correct SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Check new bank details through a separate channel like a call to a number from an earlier contract, not by replying to the message. Watch out for urgent requests, odd spelling or a sender address that is slightly off. If a payment was sent to a fraudster, contact your bank immediately.

Fraud also work the other way. Someone sends more than agreed and wants you to refund the extra to a new account. Wait until the money has really arrived – ask Tesco Personal Finance PLC if something looks wrong.

TPFGGB2E or TPFGGB2EXXX – which one to use?

The structure of every SWIFT code is always the same: a bank code of four letters, two for the country and a two-character location code, plus an optional branch code. Together, those parts form TPFGGB2E.

XXX at the end of TPFGGB2EXXX does not stand for a placeholder or a mistake: it stands for the main office of Tesco Personal Finance PLC. Certain payment forms insist on 11 characters, in which case you can add XXX behind TPFGGB2E.

Enter the code in one piece, in capitals and without separators. A wrong letter may route a payment to another bank, so check it twice.

Paying Tesco Personal Finance PLC in euros within SEPA

United Kingdom is part of the Single Euro Payments Area (SEPA). For a regular euro transfer within SEPA, you normally only need the IBAN and the BIC is often filled in automatically.

A SWIFT code like TPFGGB2E still come into play for payments in other currencies. A few forms also show a field for the BIC; in that case, fill in TPFGGB2E or TPFGGB2EXXX.

Euro payments within SEPA normally land within one business day, and instant transfers in seconds where both banks support them. Provided no currency is converted, a SEPA transfer tends to be inexpensive; costs rise once a conversion is involved.

Where our SWIFT data comes from

The codes on this page are taken from publicly available data that we update regularly. Even so, banks merge, rename themselves or change codes. The figures on this page reflect what is in our directory and not on information from Tesco Personal Finance PLC itself.

Treat our data as a starting point, not as the last word – the bank details from the recipient are leading. We are an independent comparison site for money transfers and not affiliated with Tesco Personal Finance PLC. Spotted an error? Tell us via our contact form and we will look into it.

Receiving money from abroad at Tesco Personal Finance PLC

For a transfer from abroad into your account at Tesco Personal Finance PLC, the person paying you has to have more than the SWIFT code. The basics are: the account holder’s name, account number or IBAN, TPFGGB2EXXX and in many cases your postal address.

It helps to include the bank name and its city as well, since some forms ask for it. Check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

Expect that the incoming amount is smaller than what the sender paid. Correspondent banks can take a fee and your own bank may charge for processing, and if the currency changes, an exchange rate margin applies. On invoices, you can agree how the fees are split, so that nobody is left short.

Tracking a transfer to or from Tesco Personal Finance PLC

There is no fixed delivery time for international payments: many land within a day while others need several business days. Payments made late in the day or on a weekend or public holiday often start the next business day. Occasionally a bank wants to know what the payment is for before releasing it.

If a transfer seems late, contact the sending bank about the tracking status and the transaction reference so they can trace it along the chain. Keep your transfer receipt until the money has arrived.

Only the sending bank can start an official trace or a recall. Ask the sender for a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.

Which of the 2 codes of Tesco Personal Finance PLC do you need?

With 2 codes, Tesco Personal Finance PLC is one of the banks that use individual codes for branches and departments. The main code remains TPFGGB2EXXX.

For most incoming transfers, the head office code TPFGGB2EXXX works fine. Only use a branch code when the account holder explicitly asks for it, for example on a letter or invoice.

Unsure which code applies? Ask the recipient. Branch codes can change over time.

Is TPFGGB2E still correct? How to check

The most reliable source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Check it with TPFGGB2E on this page and ask if anything does not match.

Errors in the BIC are costly more than fatal. A mistake in the IBAN or account number can be a bigger problem because it can reach the wrong person, so check that just as carefully.

Many banking apps check the structure of an IBAN and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Some banks now compare the name with the account; take any warning seriously. For a first payment, some people start with a small amount first and wait for confirmation.

The British Pound and what conversion costs you

Most accounts at Tesco Personal Finance PLC are typically held in GBP, the national currency of United Kingdom. Money sent in a different currency will be exchanged into GBP on its way to Tesco Personal Finance PLC – and the bank that does it picks the rate. Each conversion eats into something, even when no fee is shown.

Who does the conversion affects the final amount, since every bank sets its own rate. In many cases it is cheaper if you send GBP directly through a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

The GBP rate fluctuates throughout the day, so the amount you see is usually only valid for a short time. If you pay regularly, a slightly better rate make a real difference over time.