SWIFT Code PAOEGB22 — PAYPOINT COLLECTIONS LTD, WELWYN GARDEN CITY

About SWIFT Code PAOEGB22 — PAYPOINT COLLECTIONS LTD, WELWYN GARDEN CITY

SWIFT code PAOEGB22 is the official 8-character head-office BIC (Bank Identifier Code) for PAYPOINT COLLECTIONS LTD in WELWYN GARDEN CITY, 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 PAYPOINT COLLECTIONS LTD for all outward international remittances from WELWYN GARDEN CITY. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code PAOEGB22

The code PAOEGB22 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code PAOEGB22

Receiving International Wire Transfers

To receive money from abroad at your PAYPOINT COLLECTIONS LTD account in WELWYN GARDEN CITY, share SWIFT code PAOEGB22 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 PAYPOINT COLLECTIONS LTD, WELWYN GARDEN CITY must provide SWIFT code PAOEGB22. 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 PAYPOINT COLLECTIONS LTD in WELWYN GARDEN CITY rely on SWIFT code PAOEGB22 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 PAYPOINT COLLECTIONS LTD →

For cheque clearing or NACH mandates, use the MICR code for PAYPOINT COLLECTIONS LTD →

For TDS challan deposits, find the BSR code for PAYPOINT COLLECTIONS LTD →

How SWIFT Code PAOEGB22 Routes an International Transfer

1. Initiation: The sender provides SWIFT code PAOEGB22 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 PAYPOINT COLLECTIONS LTD.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: PAYPOINT COLLECTIONS LTD receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code PAOEGB22

• Spaces or lowercase letters — Always enter PAOEGB22 uppercase with no spaces.
• Using the wrong city — This code is for WELWYN GARDEN CITY 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 PAOEGB22 directly with PAYPOINT COLLECTIONS LTD's WELWYN GARDEN CITY branch or via the SWIFT BIC Directory.