Az Fund Management SA SWIFT/BIC code

What AZFMLU21 means for a payment to Az Fund Management SA

Whether a recipient gives you AZFMLU21 or AZFMLU21XXX, you are looking at the identical identifier for Az Fund Management SA in Luxembourg. The code does one job: it ensures that money from abroad ends up at the right bank. It comes up mostly for transfers between countries or a currency.

On this page we explain how the code means, when it matters and what else a transfer to or from Az Fund Management SA requires. The SWIFT code alone cannot identify an individual account holder; that is what the IBAN or account number is for.

Getting paid from abroad into a Az Fund Management SA account

For an international payment at Az Fund Management SA, the person paying you has to have more than the BIC. That means: your name as registered with Az Fund Management SA, your account number or IBAN, the SWIFT/BIC code AZFMLU21XXX and, often, your postal address.

Their bank may also ask for the bank address of Az Fund Management SA; the head office in Luxembourg is usually fine. Check the details before you send them, because the sender’s bank usually copies them as is.

An incoming payment does not always land for the full amount. Correspondent banks can take a fee, Az Fund Management SA may charge for incoming payments, and if the money is converted, an exchange rate margin applies. Make clear with the sender who covers the fees before the money is sent.

Paying Az Fund Management SA in euros within SEPA

Inside SEPA, euro payments to an account in Luxembourg follow the same rules and in most cases need only the IBAN. A field for the BIC is often optional for those payments.

Outside the euro and from non-SEPA countries, AZFMLU21XXX or AZFMLU21 remains part of the payment details. Some banks and apps also show a field for the BIC out of habit; in that case, enter AZFMLU21 or AZFMLU21XXX.

Instant euro transfers are widely supported across SEPA – whether Az Fund Management SA offers them for your account is worth checking. Fees for SEPA payments tend to be low.

When will the money arrive at Az Fund Management SA?

How fast a payment arrives at Az Fund Management SA is determined by several factors: the currency, how many intermediary banks are involved, cut-off times and differences in time zone. Weekends and public holidays in the sending or receiving country add a day or more, since banks do not process on those days. Compliance checks on larger or unusual payments can also add a delay, regardless of the details.

Many banks are connected to SWIFT gpi. Each payment carries a unique transaction reference, the UETR that banks can use to trace it. Specialist transfer services usually show a status online showing how far the money is.

Only the sending bank is able to request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for a copy of the payment confirmation with the date and reference.

Watch out for payment fraud

Criminals regularly use payment requests containing changed bank details. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Always verify a change of bank details by phone. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. When money was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: one known trick is an overpayment and then sends a request to refund the difference to another account. A screenshot of a transfer is no proof – check your own account.

8 or 11 characters: AZFMLU21 versus AZFMLU21XXX

A SWIFT code is built from fixed blocks: the first four letters stand for the bank, characters five and six show the country and characters seven and eight mark the location. Together, those parts make up AZFMLU21, the code most people search for.

XXX at the end of AZFMLU21XXX does not stand for a placeholder or a mistake: it stands for the head office of Az Fund Management SA. Some banking apps insist on 11 characters, and then you can add XXX after AZFMLU21.

Do not add spaces when you enter AZFMLU21. Copying the code beats retyping it.

About this information

The details here are taken from publicly available data which we refresh regularly. Banks reorganise, close branches and retire codes. The number of codes we show reflect what is in our directory, not official figures from Az Fund Management SA.

Treat this page as a starting point, rather than as the last word: the recipient’s bank details come first. GoldexPay is a comparison service and not affiliated with Az Fund Management SA. If you notice something that is out of date, we welcome a short note via the contact page.

Sending EUR to Az Fund Management SA

Luxembourg uses the Euro, code EUR. A payment in a foreign currency is converted into EUR on its way to Az Fund Management SA. There is rarely a separate charge for that conversion – the cost sits in the rate.

Who does the conversion has an effect on how much arrives, since every bank sets its own rate. Check what EUR the recipient gets via several providers before choosing one.

The EUR rate fluctuates constantly and quotes are often valid only for a short time. If you pay regularly, small differences in the rate add up over time.

Before you send: check the Az Fund Management SA code

The best place to find the correct BIC remains paperwork issued by the bank like a bank statement or the account page in online banking. Check it against AZFMLU21 on this page.

Mistakes in the BIC are annoying more than disastrous: often the payment comes back, minus fees. Remember the account number: an error there can be harder to correct than a wrong BIC.

Most online banking apps check the structure of an IBAN. More and more banks check the name against the account before you confirm; take any warning seriously. For a first payment, many people start with a small amount first.

What a transfer from Az Fund Management SA abroad really costs

The price of a payment abroad has several parts, and the transfer fee is only the most visible one. On top of a fixed fee, banks in between may deduct a fee, and if currencies are converted, the bank often applies a rate that is less favourable than the real market rate.

Most of the cost usually sits in the exchange rate: the bank converts using an exchange rate with a margin built in. Check their rate with the mid-market rate; the gap is what conversion costs you.

For many currency pairs, a transfer service turns out to be cheaper than a bank – mostly thanks to the rate. On GoldexPay you can compare the amount that arrives with different services. Using a transfer service does not require leaving Az Fund Management SA.

Which of the 2 codes of Az Fund Management SA do you need?

Az Fund Management SA uses 2 separate SWIFT/BIC codes. One of them is the head office code, AZFMLU21XXX; the others belong to branches, and sometimes specific services.

Unless the recipient tells you otherwise, go with AZFMLU21XXX or its short form AZFMLU21. Only use a branch code when your contact gives you that exact code, for example on a letter or invoice.

The best way is to copy the code straight from the account holder’s statement. Branch codes are sometimes changed or retired over time, so do not rely on old paperwork.