The Swift/BIC code is used to identify a particular branch of a bank or financial institution & it'll help you to transfer money internationaly and executor for cross-border payments. SWIFT codes means Society of Worldwide Interbank Financial Telecommunication Code. General Information About SWIFT / BIC Code Last three digits is (255) - It's an unique identifier no for the particular bank branch & here it's representing Tsb Bank Plc (formerly Lloyds Tsb Scotland Plc), (motherwell - 873750) branch. 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.If the second character is "1" - then it denotes a passive participant in the SWIFT network.If the second character is "0" - then it is typically a test BIC as opposed to a BIC used on the live network.Next two digits is (21) - is location code, it's use to identify the particular bank location. Next two digits (GB) is country ISO code & here this code indicates United Kingdom country. The first four digits (TSBS) represent the bank, here it's representing Tsb Bank Plc (formerly Lloyds Tsb Scotland Plc).
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