Unlock Global Transactions: Your Guide To Revolut's SWIFT Code

beko 14 May 2024

A SWIFT code, also known as a Bank Identifier Code (BIC), is a unique identifier for a specific bank branch. It's used to facilitate international wire transfers and other financial transactions.

The SWIFT code for Revolut is REVOGB21. This code is used to identify Revolut's head office in London, United Kingdom.

When making an international wire transfer to a Revolut account, you'll need to provide the recipient's SWIFT code, along with their account number and other relevant details. Using the correct SWIFT code helps ensure that your transfer is processed quickly and accurately.

In addition to international wire transfers, the SWIFT code can also be used for other types of financial transactions, such as international payments and currency exchanges.

revolut swift code

The SWIFT code for Revolut is REVOGB21. This code is used to identify Revolut's head office in London, United Kingdom. It's an essential part of the international money transfer process, ensuring that funds are sent and received quickly and securely.

Unique identifier: Each SWIFT code is unique to a specific bank branch, allowing for accurate and efficient international money transfers.
International standard: SWIFT codes are used worldwide, making it easy to send and receive money across borders.
Essential for international transfers: When making an international wire transfer to a Revolut account, the recipient's SWIFT code is required along with their account number.
Security: SWIFT codes help prevent fraud and ensure that funds are transferred to the intended recipient.
Additional uses: SWIFT codes can also be used for other types of financial transactions, such as international payments and currency exchanges.

In summary, the SWIFT code is a crucial element of international money transfers, providing a secure and efficient way to send and receive funds across borders. It's important to use the correct SWIFT code when making an international transfer to ensure that your funds are processed quickly and accurately.

Unique identifier

The uniqueness of SWIFT codes plays a vital role in the accuracy and efficiency of international money transfers. Each SWIFT code is assigned to a specific bank branch, ensuring that funds are routed to the correct destination without any confusion or delay.

Accurate identification: SWIFT codes enable precise identification of the recipient bank and branch, eliminating the risk of funds being sent to the wrong account.
Reduced errors: By using SWIFT codes, banks can automate the money transfer process, minimizing the chances of manual errors that could lead to delays or incorrect transfers.
Faster processing: The unique identification provided by SWIFT codes allows for faster processing of international transfers, as banks can quickly and accurately route the funds to the intended recipient.
Improved security: SWIFT codes contribute to the security of international money transfers by preventing fraud and ensuring that funds are transferred only to authorized accounts.

In the context of Revolut, the SWIFT code REVOGB21 uniquely identifies Revolut's head office in London, United Kingdom. When making an international transfer to a Revolut account, using the correct SWIFT code is essential to ensure that the funds are credited to the intended recipient's account quickly and securely.

International standard

The international standardization of SWIFT codes plays a pivotal role in the seamless and efficient transfer of funds across borders. As a global standard, SWIFT codes provide a common language for financial institutions worldwide, enabling them to communicate and process international money transfers securely and efficiently.

The SWIFT code for Revolut, REVOGB21, is part of this international standard. By adhering to this global system, Revolut can facilitate international money transfers to and from its customers in over 30 countries. The use of a standardized SWIFT code ensures that funds can be sent and received quickly, accurately, and securely, regardless of the sender's or recipient's location.

The international standard of SWIFT codes not only simplifies cross-border transactions but also promotes financial inclusion. By providing a universal system for identifying bank branches, SWIFT codes make it easier for individuals and businesses to send and receive money globally, fostering economic growth and global commerce.

In summary, the international standardization of SWIFT codes is a critical component of Revolut's ability to facilitate seamless international money transfers. As part of this global system, Revolut empowers its customers to send and receive funds across borders quickly, securely, and efficiently.

Essential for international transfers

The SWIFT code is an essential component of international wire transfers to Revolut accounts. Without the correct SWIFT code, the transfer may be delayed, misdirected, or even lost. This is because the SWIFT code identifies the specific bank branch where the recipient's account is held, allowing the funds to be routed correctly and securely.

For example, if you are sending a wire transfer to a Revolut account in the United Kingdom, you will need to use the SWIFT code REVOGB21. This code identifies Revolut's head office in London and ensures that your funds are transferred directly to the recipient's account.

The importance of using the correct SWIFT code cannot be overstated. If you use an incorrect or outdated SWIFT code, your transfer may be delayed or even returned to you. In some cases, you may also incur additional fees.

To avoid any issues, always double-check the SWIFT code before sending an international wire transfer. You can find the SWIFT code for Revolut on their website or by contacting their customer support team.

Security

SWIFT codes play a crucial role in preventing fraud and ensuring that funds are transferred to the intended recipient, particularly in the context of Revolut's international money transfer services. Revolut's SWIFT code, REVOGB21, is a key security feature that helps protect customers' funds and personal information.

When a customer initiates an international wire transfer using Revolut, the recipient's SWIFT code is required along with their account number. This SWIFT code identifies the specific bank branch where the recipient's account is held, ensuring that the funds are routed correctly and securely.

The use of SWIFT codes helps prevent fraud by verifying the legitimacy of the recipient's bank account. By matching the SWIFT code to the recipient's bank account number, Revolut can help prevent unauthorized access to customer funds.

Additionally, SWIFT codes contribute to the overall security of Revolut's money transfer process by adhering to strict international standards and protocols. Revolut complies with all applicable regulations and industry best practices to ensure the safety and security of customer transactions.

In summary, the security features embedded within Revolut's SWIFT code, REVOGB21, play a vital role in preventing fraud and protecting customer funds during international money transfers. Revolut's commitment to security ensures that customers can trust the platform to handle their financial transactions safely and efficiently.

Additional uses

Beyond its primary use in international wire transfers, the SWIFT code for Revolut, REVOGB21, also plays a role in various other financial transactions, including international payments and currency exchanges.

International payments: SWIFT codes are used to facilitate international payments, including cross-border business transactions, online purchases, and remittances. By providing a secure and reliable method to identify the recipient's bank, SWIFT codes ensure that international payments are processed efficiently and accurately.
Currency exchanges: SWIFT codes are also used in currency exchange transactions, where one currency is converted into another. When exchanging currencies, the SWIFT code helps identify the banks involved in the transaction, ensuring a smooth and secure exchange process.

The versatility of the SWIFT code makes it an essential tool for businesses and individuals who engage in international financial transactions. The ability to use a single code for various types of transactions simplifies the process, reduces errors, and enhances the overall efficiency of international payments and currency exchanges.

FAQs about "revolut swift code"

This section provides answers to frequently asked questions about the SWIFT code for Revolut, REVOGB21, and its usage in international financial transactions.

Question 1: What is a SWIFT code?

A SWIFT code, also known as a Bank Identifier Code (BIC), is a unique identifier for a specific bank branch. It's an international standard used to facilitate secure and efficient cross-border financial transactions.

Question 2: Where can I find Revolut's SWIFT code?

The SWIFT code for Revolut is REVOGB21. It can be found on Revolut's website, mobile app, or by contacting their customer support team.

Question 3: When do I need to use Revolut's SWIFT code?

You'll need to use Revolut's SWIFT code when making international wire transfers to a Revolut account. It's also required for other types of international financial transactions, such as international payments and currency exchanges.

Question 4: What happens if I use an incorrect SWIFT code?

Using an incorrect SWIFT code can delay or even prevent your transfer from being processed. It's important to double-check the SWIFT code before sending any international payments or currency exchanges.

Question 5: Is it safe to share my SWIFT code with others?

Your SWIFT code is a sensitive piece of information that should only be shared with trusted parties, such as your bank or financial institution. Sharing your SWIFT code with unauthorized individuals could increase your risk of fraud or unauthorized access to your account.

Question 6: Can I use Revolut's SWIFT code to receive international payments?

Yes, you can use Revolut's SWIFT code, REVOGB21, to receive international payments. When providing your bank details to the sender, ensure that you include the SWIFT code along with your account number.

In summary, understanding and correctly using Revolut's SWIFT code, REVOGB21, is crucial for seamless international financial transactions. By adhering to these guidelines, you can ensure that your funds are transferred securely and efficiently.

Tips for Using "revolut swift code"

The SWIFT code for Revolut is REVOGB21. Using the correct SWIFT code ensures that your international money transfers are processed quickly and securely. Here are some tips to keep in mind when using Revolut's SWIFT code:

Tip 1: Verify the SWIFT code before sending a transfer.
Double-check the SWIFT code with Revolut or the recipient's bank to avoid delays or errors in processing your transfer.Tip 2: Use the SWIFT code only for international transactions.
SWIFT codes are specifically designed for international money transfers. For domestic transfers within the same country, you may not need a SWIFT code.Tip 3: Provide the SWIFT code along with other necessary information.
When making an international transfer, ensure you provide the recipient's SWIFT code, account number, and other required details to facilitate a smooth transfer.Tip 4: Keep your SWIFT code confidential.
The SWIFT code is a sensitive piece of information. Share it only with trusted parties, such as your bank or financial institution.Tip 5: Contact Revolut for assistance if needed.
If you encounter any difficulties or have questions regarding using Revolut's SWIFT code, don't hesitate to contact Revolut's customer support for assistance.

By following these tips, you can ensure that your international money transfers using Revolut's SWIFT code, REVOGB21, are processed efficiently and securely.

In conclusion, understanding and correctly using the SWIFT code for Revolut is essential for seamless international financial transactions. By adhering to these guidelines, you can ensure that your funds are transferred securely and reach their intended destination quickly.

Conclusion

The SWIFT code for Revolut, REVOGB21, plays a pivotal role in facilitating secure and efficient international money transfers. It uniquely identifies Revolut's head office in London, UK, enabling funds to be routed directly and accurately to recipient accounts.

Understanding and correctly using Revolut's SWIFT code is essential for seamless international transactions. By adhering to the guidelines outlined in this article, individuals and businesses can ensure that their funds are transferred securely and reach their intended destination without delays or errors.

As the world becomes increasingly interconnected, the ability to send and receive money across borders is more important than ever. Revolut's SWIFT code, REVOGB21, is a key tool that empowers customers to participate in the global economy with confidence and ease.

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