The SWIFT network does not require a specific format for the transaction so the identification of accounts and transaction types is left to agreements of the transaction partners. Yes, you’ll need an IBAN if you’re making an international money transfer to United Kingdom. Swift Code MONZGB21 is the unique bank identifier for MONZO BANK LIMITED's head office branch located in LONDON - UNITED KINGDOM and it's used to verify financial transactions such as a bank wire transfers (international wire transfers). Monzo is a digital bank, based in the UK. Your money is protected with bank-level security. They help banks to process international transfers. 4 letters: Institution code or bank code. The IBAN system helps guide international payments to the right account, by giving the banks processing transfers an indication of the country the account is held in, as well as the specific account number. Bank code A-Z 4 letters representing the bank. All looks good as long as funds come from a bank in the UK. Based in London, the company launched in 2017 and offers a flexible banking service that operates entirely online. Monzo focuses primarily on domestic business, meaning that current accounts come with a bank account number and sort code, but no IBAN for international transfers. Using an incorrect IBAN number could mean that your payment gets returned, or even arrives in the wrong account. 3 letters or digits: branch code, optional (, Hold and manage your money in 50+ currencies, Get paid in multiple currencies (EUR, USD, GBP, AUD, NZD, PLN), without any fees. But only in the United States. The digits that follow are the individual’s basic bank account number, which shows the account number and bank branch to help guide the payment. Here's how to find them ‍♀️ Tap the Home icon in the menu bar Tap the Account button under your Monzo card (pull down on your payments list if you can't see it) When you send or receive an international wire with your bank, you might lose money on a bad exchange rate and pay hidden fees as a result. BIC code is just a different name for SWIFT code. All the information published on this website is strictly for personal use only and should never be used without verification, on any type of transaction. The IBAN Calculator is a special software developed to convert domestic bank code and account number into an International Bank Account Number (IBAN). Bank: Monzo Bank Limited Commonly used abbreviated bank name: Branch / Office: Monzo: CHAPS BIC Code: NWBKGB55XXX: Address: 38 Finsbury Square, London, EC2A 1PX: Phone: 08008 021456: City : London: Country: Great Britain ( GB ) Money Transfer: Save on international money transfer fees by using TransferWise, which is up to 8x cheaper than transfers with your bank. Your Monzo account is a full UK bank account, so you’ve got an account number and sort code. Bank: MONZO BANK LIMITED: Address: BROADWALK HOUSE 5 APPOLD STREET: City: LONDON: Branch: Postcode: EC1R 5DF: Country: United Kingdom: SWIFT Code MONZGB2L Breakdown; SWIFT Code: MONZ GB 2L or MONZ GB 2L XXX: Bank Code : MONZ - code assigned to MONZO BANK LIMITED: Country Code: GB - code belongs to United Kingdom: Location Code: 2L - code represents the institution location: … You’ll find IBANs have different numbers of digits - but they all contain the same information. The IBAN system helps guide payments, typically international settlements, to the right account, by giving the banks processing transfers an indication of the country the account is held in, as well as the specific account number. An international bank account number - more commonly abbreviated to IBAN - is typically used when sending payments overseas. Gives you a great exchange rate and a low, upfront fee every time. Monzo Bank Ltd is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA. IBAN for MONZO in the United Kingdom consists of 22 characters: Finding the right IBAN number is crucial, but shouldn’t be difficult. IBANs don’t replace sort codes or account numbers. Yes, you’ll need an IBAN if you’re making an international money transfer to United Kingdom. You can trust us to get it where it needs to be, but don’t take our word for it. The SWIFT code identifies the bank the payment is headed to, while the IBAN gives the details of the specific account the deposit needs to end up in. if the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network. Instead of a personal IBAN for Monzo users, you can send international transfers via the Monzo app through a TransferWise integration. Please note that any IBAN or BBAN account numbers which appear on this page are used as examples, and shouldn’t be used to process your transfer. if the second character is "2", then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message. This means you can calculate an IBAN using these account details. SWIFT code, BIC code, SWIFT ID or SWIFT - BIC (ISO 9362) is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO). 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