What is Natwest Swift Code or BIC code

There’s no way you can transfer or receive money internationally through your Natwest bank account with Natwest Swift code.

Swift Code Overview

A SWIFT code (or BIC code) is a unique code that identifies financial and non-financial institutions and is mainly used for international wire transfers between banks. SWIFT codes are used to identify banks and financial institutions worldwide. They are used by the swift network to transfer (money transactions) and messages between them. For international wire transfers, swift codes are always required in order to make transactions secure and fast.

These codes were initially introduced by the SWIFT organization as “swift code” but were later standardized by the International Organization for Standardization (ISO) as “BIC” meaning “Business Identifier Codes”. Most people think B.I.C. stands for “Bank Identifier Codes” (“bank” instead of “business”) but that is incorrect since non-financial institutions can also join the swift network.

A “BIC code” can be seen by many different names, like “SWIFT code” (most common), “SWIFT ID”, “SWIFT-BIC”, “SWIFT address”, “BEI” (that comes from “Business Entity Identifier”), or even “ISO 9362”, which is the standard format that has been approved by the ISO organization. The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication.

Natwest swift code

Natwest swift codes are broken down into sections, in the same way telephone numbers are broken into sections, and every section reveals some information about the institution that was assigned this code. They consist of eight or eleven characters. Whenever an eight-character code is used, then it is referring to the headquarters (main office) of the institution. Here is how an 11-character code is broken down and what each section of characters represents. Let’s take this imaginary 11-character swift code:
AAAABBCCDDD
It can be broken down to these sections:
AAAA – BB – CC – DDD
Section 1 (the first 4-characters “AAAA”): This code is used to identify the institution’s global presence (all branches and all divisions around the world).

Section 2 (5th and 6th characters “BB”): This two-letter code represents the country of this particular institution’s branch and follows the ISO 3166-1 alpha-2 standard for representing country codes. For example, “US” for “UNITED STATES”, “GB” for “UNITED KINGDOM”, CA for “CANADA”, etc.

Section 3 (7th and 8th characters “CC”): These characters represent a location code (e.g. “FF” is the code for “Frankfurt”, “KK” is the code for Copenhagen, etc.) and also the second character (8th in the B.I.C.) sometimes carries this information:

If it is equal to “0”, then it typically is a BIC assigned for testing purposes (as opposed to a BIC used on the live network).
If it is equal to “1”, then it denotes a passive participant in the SWIFT network.
If it is equal to “2”, then it typically denotes a “reverse billing” BIC, meaning that the recipient of the message has to pay for the message.
Section 4 (9th to 11th characters “DDD”): These final three characters form a “branch code” that refers to the particular branch of the institution. If this section is omitted, then we have an 8-character swift code that is assumed to refer to the HEAD OFFICE of the institution. Also, a typical naming convention is that in the case we are referring to the main offices of an institution, this branch code is “XXX”.

Natwest Swift Code

Whenever you’re making an international transfer to an Natwest account, or if someone is transferring you cash to a UK based Natwest account, chances are that you’ll be asked for a BIC/SWIFT code. So you should endeavor to write down the below natwest swift code.

Bank Name National Westminster Bank Plc

SWIFT/BIC Code for Natwest NWBKGB2L

Bank address Premier Place, Devonshire Square, EC2M 4XB, London, United Kingdom

Beneficiary Account Number Complete Natwest bank account number of the recipient (don’t forget to include leading zeros)

Beneficiary Name The name of recipient’s account as it appears on a bank statement.

Don’t forget to Also Read Natwest online banking and how to enroll

So Natwest Swift code is NWBKGB2L which gives you the opportunity to transfer money or receive money across the world through wire transfer.

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