Credit Suisse (Luxembourg) S.a., Private Banking SWIFT/BIC code

Credit Suisse (Luxembourg) S.a., Private Banking SWIFT code: CRESLULL

The 8-character code CRESLULL and the full code CRESLULLXXX identify the same bank: Credit Suisse (Luxembourg) S.a., Private Banking in Luxembourg, Luxembourg. Banks worldwide use these codes to route payments between countries to the correct bank. In practice you usually come across the code on international invoices, in your banking app and on the account details that Credit Suisse (Luxembourg) S.a., Private Banking provides.

We wrote this page to help anyone who pays into an account at Credit Suisse (Luxembourg) S.a., Private Banking and wants to get the details right. The SWIFT code alone does not identify a personal account; that is what the IBAN or account number is for.

Getting paid from abroad into a Credit Suisse (Luxembourg) S.a., Private Banking account

Someone abroad who wants to pay you will ask for several details from you. That means: your name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code CRESLULLXXX (or CRESLULL) and sometimes your address.

Certain sending banks want the bank’s address; it does no harm to include it. Double-check each detail before you share them, because the sender’s bank usually copies them as is.

Expect that the incoming amount is smaller than what the sender paid. Correspondent banks can take a fee, Credit Suisse (Luxembourg) S.a., Private Banking may charge for incoming payments, and when currencies differ, an exchange rate margin applies. Agree with the sender who pays which costs before the money is sent.

About this information

We collect bank codes from public sources and update our list from time to time. It can happen that information here is out of date after a merger or reorganisation. Counts and locations come from our directory and may differ from what Credit Suisse (Luxembourg) S.a., Private Banking publishes.

See our directory here as a helpful check, and let the details from the recipient or Credit Suisse (Luxembourg) S.a., Private Banking have the final say. GoldexPay is a comparison site and not affiliated with Credit Suisse (Luxembourg) S.a., Private Banking. Found an error? Tell us through the contact page and we will look into it.

Tracking a transfer to or from Credit Suisse (Luxembourg) S.a., Private Banking

There is no single delivery time for every transfer: some land the same day or the next while others need several business days. Weekends and public holidays in the sending or receiving country can add a day or more to the journey. Sometimes a bank wants to know what the payment is for before releasing it.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer gets a unique transaction reference, the UETR. Money transfer services often provide tracking in their app showing how far the money has got.

A delayed transfer is investigated by the sending bank. On the receiving end, you can look at your account for a slightly lower amount.

Sending money abroad from Credit Suisse (Luxembourg) S.a., Private Banking

A bank transfer abroad costs rather more than the fee suggests. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate.

The markup on the rate tends to be the largest cost. Compare the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

For a lot of currency pairs, a transfer service turns out to be cheaper than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares what recipients receive with different providers, so you can pick the cheapest route. Using a transfer service does not require closing your account at Credit Suisse (Luxembourg) S.a., Private Banking: you simply pay the service from your account.

What the XXX in CRESLULLXXX means

A SWIFT code is built from fixed blocks: the first four letters identify the bank, the next two give the country and characters seven and eight indicate the location. Together, those parts make up CRESLULL – the version you usually see online.

The 11-character version has a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office, so CRESLULLXXX and CRESLULL are interchangeable.

In practice the code is written in capitals and without spaces. Look out for O versus 0 and I versus 1.

Do you need CRESLULL for a SEPA transfer?

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

You still need CRESLULLXXX for payments in other currencies or money from outside the SEPA area. Some banks and apps also show a field for the BIC; in that case, enter CRESLULL or CRESLULLXXX.

Instant payments in euros are increasingly supported across SEPA – whether Credit Suisse (Luxembourg) S.a., Private Banking offers them for your account is worth checking. Fees for SEPA transfers are generally low.

Verifying the SWIFT code of Credit Suisse (Luxembourg) S.a., Private Banking

The most reliable place for the correct BIC is paperwork issued by the bank. When the code you were given differs from CRESLULL or CRESLULLXXX, do not guess – contact the recipient or Credit Suisse (Luxembourg) S.a., Private Banking.

Errors in the SWIFT code tend to be costly rather than disastrous. Do not forget the IBAN: an error there can be more difficult to correct than a wrong BIC.

Most online banking apps validate the format of IBANs. More and more banks check the payee name with the account before you confirm – do not ignore a mismatch warning. When you pay someone new, many people start with a small test amount and wait for confirmation.

Scams that use SWIFT codes

Fraudsters regularly use payment requests with new bank details, sometimes in an email that looks completely genuine. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Never trust a phone number in the same message that contains the change. Watch out for time pressure, unusual wording or an email address that differs by one letter. When a payment was sent to the wrong account, call your bank right away.

Recipients are targeted too: one known trick is an overpayment followed by a request to send back the difference. A payment confirmation from the sender proves nothing.

Head office or branch code at Credit Suisse (Luxembourg) S.a., Private Banking?

Our database contains 2 SWIFT/BIC codes for Credit Suisse (Luxembourg) S.a., Private Banking in 1 places. Besides the head office code CRESLULLXXX, you will find codes for branches, departments or specific services.

For most incoming transfers, the head office code CRESLULLXXX is what you need. A branch code only makes sense if the recipient’s bank explicitly asks for it.

When in doubt, check with the recipient which code their bank gave them. Branch codes are more prone to be retired than CRESLULLXXX.

Euro (EUR) and conversion costs

The national currency of Luxembourg is the Euro (EUR). If you send money in a different currency, the amount gets converted at some point – by your bank, by Credit Suisse (Luxembourg) S.a., Private Banking or by a bank in between. 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. Compare how much EUR arrives with different services before choosing one.

The EUR rate fluctuates throughout the day, so the amount you see is usually only valid for a short time. With bigger transfers, even seemingly small difference in the rate adds up quickly.