Watson Wyatt Limited SWIFT/BIC code

Watson Wyatt Limited SWIFT code: WAWYGB22

The 8-character code WAWYGB22 and the 11-character code WAWYGB22XXX identify the same bank: Watson Wyatt Limited in Reigate, United Kingdom. A BIC has a single purpose: it ensures that an international payment reaches the right bank. It comes up mostly when dealing with payments that cross a border or a currency.

On this page you will find how the code means, when you need it and which other details a transfer to or from Watson Wyatt Limited requires. Remember that the BIC only identifies the bank, not the account: the IBAN or account number does that part.

Receiving money from abroad at Watson Wyatt Limited

When you are waiting for a payment from another country, send the payer a complete set of details. Share the account holder’s name, the IBAN or account number, the BIC WAWYGB22XXX and your address, which some banks require.

The sender’s bank might request the address of your bank, in which case the Reigate head office is the usual answer. A mistake in your account number can be harder to fix than you might think, so copy the details from your online banking.

What lands in your account can be lower than the amount sent. Intermediary banks may deduct a fee, Watson Wyatt Limited may charge for incoming payments, and if the currency changes, an exchange rate margin applies. Make clear with the sender who covers the fees before the money is sent.

Euro transfers to Watson Wyatt Limited: is a BIC needed?

Because United Kingdom is in the SEPA zone, a euro payment into Watson Wyatt Limited from another SEPA country usually requires just the IBAN. Many banks no longer ask for the BIC in that case.

For anything other than euros and from non-SEPA countries, WAWYGB22XXX or WAWYGB22 is still required. Some banks and apps still show a field for the BIC; in that case, fill in WAWYGB22 or WAWYGB22XXX.

Instant payments in euros have become widely available across SEPA; check with Watson Wyatt Limited whether it applies to your account. Fees for SEPA payments tend to be low.

Choosing between the 3 SWIFT codes of Watson Wyatt Limited

We have 3 SWIFT/BIC codes for Watson Wyatt Limited. Next to the head office code WAWYGB22XXX, there are codes for regional offices and specialised units.

Unless the recipient tells you otherwise, use WAWYGB22XXX. When you receive a branch code, use it as it is instead of replacing it for the head office code.

The safest route is to copy the code straight from the account holder’s statement. Codes for branches are more prone to change than WAWYGB22XXX.

Transfer times and tracking a payment to Watson Wyatt Limited

There is no fixed delivery time for international payments: many arrive the same day or the next, others take several business days. Payments made after the cut-off time or just before weekends and holidays usually start a business day later. Sometimes a bank asks about the purpose of a payment.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each payment carries a unique reference, the UETR. Specialist transfer services often show a status online showing how far the money has got.

A missing payment has to be traced by the sending bank. On the receiving end, it helps to look at your statements for a partial amount because fees can reduce the amount.

The British Pound and what conversion costs you

United Kingdom pays in the British Pound. Money sent in a different currency will be exchanged into GBP on its way to Watson Wyatt Limited – and the bank that does it picks the rate. You rarely see a separate charge for the conversion.

Who does the conversion has an effect on how much arrives. Transferring the amount directly in GBP usually prevents a second conversion by Watson Wyatt Limited, provided the rate you get is fair.

Exchange rates move during the day. On larger amounts, a small gap in the rate adds up quickly.

Why Watson Wyatt Limited has an 8- and an 11-character code

A BIC is made up of a few fixed parts: characters one to four identify the bank, the next two give the country and the two after that mark the location. Combined, those parts make up WAWYGB22 – the version you usually see online.

Many payment forms accept either length. If a form requires eleven characters, use WAWYGB22XXX; if it wants eight, use WAWYGB22.

Leave out spaces or dashes when you enter WAWYGB22. Watch for the letter O and the digit 0 and the letter I and the digit 1; they are easy to mix up.

About this information

This directory is based on publicly available sources and we update it periodically. Even so, banks merge or change codes and our data may lag behind. The number of codes we show are based on what is in our directory, not official figures from Watson Wyatt Limited.

See our directory here as a helpful check and rely on the recipient or Watson Wyatt Limited for the final confirmation. GoldexPay is a comparison site for money transfers and not part of Watson Wyatt Limited. Found an error? Tell us through the contact page and we will look into it.

Watch out for payment fraud

A common scam goes like this: an email arrives with a message saying that a contact now has a new bank account and that the next payment should go there. A real SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Always verify a change of bank details through a phone call, using a number you already had. Pressure and requests to keep it quiet are warning signs. If money has already gone to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Scams also target the receiver: someone claims to have sent too much and asks you to return the extra. Do not act before the money has really arrived.

What a transfer from Watson Wyatt Limited abroad really costs

What you pay for an international transfer has several parts. You pay the transfer fee, sometimes charges from correspondent banks in between and, above all, the exchange rate markup when the money is converted.

That exchange rate margin tends to be the largest cost even though it is not listed as a fee. Check the rate you are offered against the mid-market rate.

For a lot of currency pairs, a transfer service is less expensive than a bank – mostly thanks to the rate. On GoldexPay we compare the amount that arrives with different providers, so you can pick the cheapest route. Choosing a specialist does not require leaving Watson Wyatt Limited.

Verifying the SWIFT code of Watson Wyatt Limited

The safest source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. If the code you have differs from WAWYGB22 or WAWYGB22XXX, stop and ask.

With a wrong code, the transfer might be delayed, bounce back or end up costing more – sometimes after weeks of searching. A mistake in the account number is a bigger problem, because the money may be credited to someone else.

A validity check in your banking app merely tells you that the code is valid – not that it belongs to the person you mean to pay. If your bank offers it, a name check before sending adds an extra layer of safety. For a first payment, some people send a small amount first.