Citibank Europe PLC Luxembourg Branch SWIFT/BIC code

SWIFT/BIC code of Citibank Europe PLC Luxembourg Branch

CITILULX and CITILULXXXX are two ways of writing the same SWIFT/BIC code, and both lead to Citibank Europe PLC Luxembourg Branch in Bertrange. Every bank on the SWIFT network uses these codes to route international transfers to the correct bank. In practice you usually see the code on international invoices, in your banking app and on the account details of Citibank Europe PLC Luxembourg Branch customers.

On this page we explain how the code is put together, when you need it and which other details a transfer to or from Citibank Europe PLC Luxembourg Branch requires. The SWIFT code on its own cannot identify a personal account; that is what the account number or IBAN .

Sending money abroad from Citibank Europe PLC Luxembourg Branch

The price of an international transfer has more than one component – not just the fee on your screen. On top of the transfer fee, banks in between can take a cut, and if the money changes currency, the bank often applies a rate below the real market rate.

That exchange rate margin is often the biggest item because it is hidden in the rate. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

Specialist money transfer services often offer rates closer to the mid-market rate. GoldexPay compares transfer providers side by side so you can see what actually arrives before you commit. You can still use your account at Citibank Europe PLC Luxembourg Branch as the source of the money.

When will the money arrive at Citibank Europe PLC Luxembourg Branch?

There is no fixed answer: many arrive the same day or the next. Weekends and public holidays in either country add a day or more. Compliance checks by one of the banks may also cause a delay, even when all details are correct.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR that banks can use to trace it. Keep the payment confirmation – you will need it for any trace request.

A missing payment is investigated by the sending bank. Request from the sender a copy of the payment confirmation – it helps your own bank look for the money.

Receiving money from abroad at Citibank Europe PLC Luxembourg Branch

A sender in another country will ask for a few details about your account – incomplete details often cause delays. Give them the account holder’s name, the IBAN or account number, the BIC CITILULXXXX and your address, which some banks require.

The sender’s bank might also ask for the address of your bank. Double-check each detail before you share them, because the sender’s bank usually copies them as is.

The amount you receive can be less than what was sent. Correspondent banks can take a fee, Citibank Europe PLC Luxembourg Branch may charge for incoming payments, and when currencies differ, a markup on the rate applies. For business payments, you can agree who bears the costs, so that nobody is left short.

Protect yourself against fake payment requests

One of the most common tricks goes like this: you receive a message claiming that a company has a new bank account and asking you to pay there from now on. That CITILULX is a real code is no guarantee that a request mentioning it is genuine.

Check new payment details via a separate channel, never via the email that asked for the change. 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 target the receiver. Someone claims to have sent more than agreed and asks you to return the difference via a different route. Do not act before the money is actually in your account and check with Citibank Europe PLC Luxembourg Branch if anything seems off.

About this information

We gather bank codes from publicly available data and check our list from time to time. It is possible that information here is no longer current. Counts and locations are from our directory and may differ from what Citibank Europe PLC Luxembourg Branch publishes.

See the information here as a handy check. We are a comparison site for money transfers and not affiliated with Citibank Europe PLC Luxembourg Branch. Spotted outdated information? Let us know through the contact page and we will look into it.

The Euro and what conversion costs you

The local currency of Luxembourg is the Euro (EUR). If you send another currency has to be converted somewhere along the way – by your bank, by Citibank Europe PLC Luxembourg Branch or by a bank in between. You rarely see a separate charge for the conversion; it is built into the rate.

Which bank converts the money matters, because each party uses its own rate. Transferring the money directly in EUR often prevents an extra conversion at the receiving end, provided the rate you get is fair.

The EUR rate fluctuates throughout the day and quotes are often valid only for a short time. If you pay regularly, a slightly better rate make a real difference over time.

Citibank Europe PLC Luxembourg Branch: head office code versus branch codes

Having 5 codes, Citibank Europe PLC Luxembourg Branch is one of the banks that register separate codes for branches. The head office code is CITILULXXXX.

Usually there is no need to pick a branch: transfers addressed to CITILULXXXX reach Citibank Europe PLC Luxembourg Branch without problems. Branch codes are only needed if the account holder specifically mentions it.

Not sure which code applies? Check with the recipient, or look at a recent statement from Citibank Europe PLC Luxembourg Branch. Branch codes are sometimes changed or retired over time, so a code from an old document is not always valid.

Verifying the SWIFT code of Citibank Europe PLC Luxembourg Branch

Have the recipient send you their account details straight from their online banking. Check that code against CITILULX here and ask if anything does not match.

Mistakes in the SWIFT code are costly rather than disastrous. An error in the account number can be more serious, because the money may be credited to someone else, so check that just as carefully.

An automatic check in your banking app merely confirms that the code is valid. More and more banks check the payee name with the account before you confirm. Sending a small amount first can be worth it for a large first payment despite the extra fee.

Why Citibank Europe PLC Luxembourg Branch has an 8- and an 11-character code

Each SWIFT/BIC code starts with an 8-character core: a four-letter bank code, two letters for the country and two characters for the location. In this case, the 8-character core is CITILULX.

The 11-character version has three more characters for a branch or department. If the last three are XXX, the code points to the head office, so CITILULXXXX and CITILULX are interchangeable.

In practice the code is typed in capitals, without spaces or dashes. Pasting the code beats typing it by hand.

Do you need CITILULX for a SEPA transfer?

Luxembourg belongs to the Single Euro Payments Area (SEPA), where euro transfers follow common rules. For a regular euro transfer within SEPA, you normally only need the IBAN and the BIC is often filled in automatically.

For anything other than euros and from non-SEPA countries, CITILULXXXX remains required. A few forms still ask for the BIC; if so, enter CITILULX or CITILULXXXX.

Instant payments in euros are widely available within SEPA. As long as the payment stays in euros, a SEPA transfer tends to be inexpensive.