SWIFT Code GIBAGB2X — ERSTE GROUP BANK AG (FORMER ERSTE BANK), LONDON

About SWIFT Code GIBAGB2X — ERSTE GROUP BANK AG (FORMER ERSTE BANK), LONDON

SWIFT code GIBAGB2X is the official 8-character head-office BIC (Bank Identifier Code) for ERSTE GROUP BANK AG (FORMER ERSTE BANK) in LONDON, United Kingdom. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by ERSTE GROUP BANK AG (FORMER ERSTE BANK) for all outward international remittances from LONDON. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code GIBAGB2X

The code GIBAGB2X follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GIBAGB2X

Receiving International Wire Transfers

To receive money from abroad at your ERSTE GROUP BANK AG (FORMER ERSTE BANK) account in LONDON, share SWIFT code GIBAGB2X with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at ERSTE GROUP BANK AG (FORMER ERSTE BANK), LONDON must provide SWIFT code GIBAGB2X. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using ERSTE GROUP BANK AG (FORMER ERSTE BANK) in LONDON rely on SWIFT code GIBAGB2X for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for ERSTE GROUP BANK AG (FORMER ERSTE BANK) →

For cheque clearing or NACH mandates, use the MICR code for ERSTE GROUP BANK AG (FORMER ERSTE BANK) →

For TDS challan deposits, find the BSR code for ERSTE GROUP BANK AG (FORMER ERSTE BANK) →

How SWIFT Code GIBAGB2X Routes an International Transfer

1. Initiation: The sender provides SWIFT code GIBAGB2X and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to ERSTE GROUP BANK AG (FORMER ERSTE BANK).
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: ERSTE GROUP BANK AG (FORMER ERSTE BANK) receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GIBAGB2X

• Spaces or lowercase letters — Always enter GIBAGB2X uppercase with no spaces.
• Using the wrong city — This code is for LONDON only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within United Kingdom.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm GIBAGB2X directly with ERSTE GROUP BANK AG (FORMER ERSTE BANK)'s LONDON branch or via the SWIFT BIC Directory.