Banque Degroof Petercam Luxembourg S.A. SWIFT/BIC code

Banque Degroof Petercam Luxembourg S.A. SWIFT code: DEGRLULL

DEGRLULL and DEGRLULLXXX are the short and the long form of the same SWIFT/BIC code, and both point to Banque Degroof Petercam Luxembourg S.A. in Luxembourg. A SWIFT code tells every bank in the chain which institution is meant to get the money. It comes up mostly when dealing with transfers between countries or a currency.

We wrote this page to help anyone who receives money at an account at Banque Degroof Petercam Luxembourg S.A.. A SWIFT code names an institution, not a single account; the IBAN or account number does that.

What the XXX in DEGRLULLXXX means

A SWIFT code is made up of a few fixed parts: the first four letters identify the bank, characters five and six give the country and the two after that mark the location. In this case, the 8-character core is DEGRLULL.

Most payment forms accept either length. If yours asks for eleven characters, use DEGRLULLXXX.

In practice the code is typed in capitals and without spaces. Pasting the code beats retyping it: a typo can point to another bank.

International transfers from Banque Degroof Petercam Luxembourg S.A.: the real cost

The price of an international transfer has more than one component. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, above all, the margin on the exchange rate when the money is converted.

Many banks do not show the margin on the rate as a cost, but you pay it all the same. An easy check: put the bank’s rate next to the mid-market rate for the same moment and look at the difference.

Money transfer services often use a rate near the mid-market rate. GoldexPay compares what recipients receive across services. You can always keep your account at Banque Degroof Petercam Luxembourg S.A. to fund the transfer; only the conversion and sending happen elsewhere.

Receiving money from abroad at Banque Degroof Petercam Luxembourg S.A.

Someone abroad who wants to pay you will ask for a few details from you – incomplete details often cause delays. What they need is: the account holder’s name, account number or IBAN, DEGRLULLXXX and, for some countries, your postal address.

Their bank may also ask for the bank address of Banque Degroof Petercam Luxembourg S.A.. A mistake in your account number is more trouble than you might think, so copy the details from your online banking.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate comes on top. On invoices, you can state who bears the costs to avoid a shortfall.

When will the money arrive at Banque Degroof Petercam Luxembourg S.A.?

How fast a payment arrives at Banque Degroof Petercam Luxembourg S.A. is determined by a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Bank holidays in the sending or receiving country add extra days, since banks do not process on those days. Sometimes a bank asks about the purpose of a payment before releasing it.

A growing number of banks are connected to SWIFT gpi. Each gpi transfer carries a unique transaction reference, the UETR. Save your transfer receipt; it contains the details a bank needs to start a trace.

A delayed transfer is traced by the sending bank, using the payment confirmation. Ask the sender for the payment receipt; that often settles the question quickly.

Changed bank details? Be careful

Be alert when a contact unexpectedly wants you to pay into a different account. A real SWIFT code tells you nothing about who owns the account.

Do not trust a phone number in the same message that announces the new account. Urgency and secrecy tend to be warning signs – a real supplier can wait a day. Already paid? Call the bank you paid from straight away and have them try to recall the payment and report the fraud.

Fraud can also work the other way: someone sends too much and wants you to refund the extra to a new account. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

Head office or branch code at Banque Degroof Petercam Luxembourg S.A.?

Having 3 codes in 1 cities, Banque Degroof Petercam Luxembourg S.A. belongs to the banks that register individual codes for parts of the organisation and departments. The head office code is DEGRLULLXXX.

If nobody asks you for a branch code, use DEGRLULLXXX or its short form DEGRLULL. When you receive a specific code, stick to it rather than swapping it for the head office code.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Branch codes can change over time, so a code from an old document is not always valid.

Do you need DEGRLULL for a SEPA transfer?

Within the SEPA zone, euro payments to Banque Degroof Petercam Luxembourg S.A. use common rules, so the IBAN does the job in most cases. The BIC field is usually optional or missing in that case.

For anything other than euros and from non-SEPA countries, DEGRLULLXXX remains required. If your banking app asks for the BIC regardless, entering DEGRLULL is fine.

Instant euro transfers have become increasingly supported within SEPA. Charges on SEPA transfers tend to be low.

Is DEGRLULL still correct? How to check

The safest source for a SWIFT code is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. Check it with DEGRLULL here.

Errors in the BIC tend to be costly rather than disastrous – usually the money comes back, minus fees and time lost. Remember the IBAN: a mistake there can be more difficult to undo than a wrong BIC.

Most online banking apps check the format of IBANs and some suggest the matching BIC. Where available, a payee name check on the recipient gives an extra layer of safety. Sending a small amount first can be worth it for a large first payment, even if it costs an extra fee.

Euro (EUR) and conversion costs

Most accounts at Banque Degroof Petercam Luxembourg S.A. are usually held in EUR, the national currency of Luxembourg. A payment in a foreign currency will be converted into EUR, and whoever converts it chooses the rate. You rarely see a separate line for that conversion; it is built into the rate.

Which bank converts the money matters. In many cases you pay less if you send EUR directly via a provider with a good rate, so that the receiving bank does not need to convert again.

Rates for EUR move during the day, and some providers let you lock in a rate. On larger amounts, a small difference in the rate adds up quickly.

A note on our data

Our SWIFT/BIC directory is compiled from public sources and is updated regularly. Institutions merge, change names and change codes, and a directory never catches every change immediately. The figures on this page are based on our own data and not on information from Banque Degroof Petercam Luxembourg S.A. itself.

Treat our data as a starting point, not as the final word: the recipient’s bank details come first. GoldexPay is independent of Banque Degroof Petercam Luxembourg S.A., we only compare transfer services. Should you notice something that is out of date, we appreciate a short note.