Scotfin Limited SWIFT/BIC code

SWIFT/BIC code of Scotfin Limited

The 8-character code SCLIZWH1 and the full code SCLIZWH1XXX identify the same bank: Scotfin Limited. A SWIFT code tells the sending bank which institution is meant to get the money, a bit like a postal address for banks. In daily life you mostly see it on invoices from abroad, in payment forms and in the bank details that Scotfin Limited provides.

On this page you will find what the code is put together, when you need it and what else a transfer to or from Scotfin Limited requires. Remember that the BIC only identifies the bank, not the account: the account number or IBAN takes care of that.

Incoming international payments to Scotfin Limited

When you expect money from abroad, give the sender all details at once. Give them the account holder’s name, your account number or IBAN, the BIC SCLIZWH1XXX and your address.

You can include the bank name and its city too. A mistake in your account number is more trouble than it looks.

Expect that the incoming amount is smaller than what the sender paid. Intermediary banks may deduct a fee, and if the currency changes, an exchange rate margin applies. On invoices, you can state who bears the costs to avoid a shortfall.

How to check SCLIZWH1 before you pay

Have the recipient send you the account details directly from their banking app. Check that code with SCLIZWH1 on this page and ask if anything does not match.

Mistakes in the BIC tend to be annoying more than fatal: often the payment comes back, minus fees. An error in the account number is more serious.

A format check in your banking app only confirms that the code is valid, not that it is the right account. Where available, a name check on the recipient adds an extra layer of safety. Sending a small amount first can be a sensible step for large sums despite the extra fee.

Protect yourself against fake payment requests

Criminals regularly use fake invoices with changed bank details sent from what looks like a familiar address. The fact that SCLIZWH1 exists does not mean that a request mentioning it is genuine – fraudsters use real bank codes as well.

Check new bank details via a separate channel like a call to a number from an earlier contract. Watch out for time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Call your bank without delay and have them start a recall; also report it to the police.

Recipients can be targeted as well: a classic trick is a buyer who pays too much followed by a request to send back the difference to another account. A payment confirmation from the sender proves nothing – check your own account.

Paying someone abroad from your Scotfin Limited account

An international bank payment costs more than the listed fee. Besides the transfer fee, correspondent or intermediary banks can deduct a fee, and if the money changes currency, the bank usually applies a rate below the actual market rate.

The real cost is often in the rate: many banks convert at a rate with a margin built in. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For many currency pairs, a transfer service turns out to be less expensive than a bank, mainly because of the exchange rate. GoldexPay compares what recipients receive with different services. You can always use your account at Scotfin Limited as the source of the money; only the conversion and sending happen elsewhere.

Why Scotfin Limited has an 8- and an 11-character code

A SWIFT code is built from fixed blocks: the first four letters stand for the bank, the next two show the country and the two after that indicate the location. Together, those parts form SCLIZWH1 – the version you usually see online.

Most banks and apps work with both lengths. If yours requires eleven characters, enter SCLIZWH1XXX; if it wants eight, use SCLIZWH1.

In practice the code is written in capitals and without spaces. Pasting the code is safer than retyping it.

Which of the 5 codes of Scotfin Limited do you need?

Scotfin Limited uses 5 separate SWIFT/BIC codes across 5 cities. Only one is the head office code, SCLIZWH1XXX; the others identify branches, and sometimes internal departments.

Unless the recipient tells you otherwise, go with SCLIZWH1XXX. Branch codes are only needed if the recipient’s bank explicitly asks for it.

Not sure which code applies? Check with the recipient. Codes for branches are more likely to change than SCLIZWH1XXX.

Tracking a transfer to or from Scotfin Limited

How quickly a payment arrives at Scotfin Limited is determined by several factors: which currency you send, the number of banks in between, cut-off times and time zones. Weekends and public holidays in the sending or receiving country add a day or more, since banks do not process on those days. Extra checks by one of the banks can also cause some delay, regardless of the details.

When a payment takes longer than expected, contact your bank for the tracking status. Specialist transfer services usually provide tracking in their app showing how far the payment has got.

If a payment has not arrived within the expected time, the person who paid needs to contact their own bank. On the receiving end, you can check your account for a slightly lower amount because fees can reduce the amount.

How up to date is this code?

Our SWIFT/BIC directory draws on publicly available sources and we update it periodically. Banks reorganise, close branches and retire codes – a directory can be a step behind. The figures we show are based on what is in our directory and not on information from Scotfin Limited itself.

See the information here as a handy check. We are a comparison site and not part of Scotfin Limited. If you notice a mistake, we welcome a message via the contact page.