DZ Privatbank S.a., Luxembourg SWIFT/BIC code

DZ Privatbank S.a., Luxembourg SWIFT code: GENOLULL

The short code GENOLULL and the full code GENOLULLXXX identify one and the same institution: DZ Privatbank S.a., Luxembourg, with its head office in Luxembourg. The code has a single purpose: it ensures that a cross-border transfer reaches the right bank. It comes up mostly when dealing with transfers between countries.

On this page you can read what the code means, when it matters and what else you need for a transfer to or from DZ Privatbank S.a., Luxembourg. The SWIFT code alone does not identify a personal account; for that you need the IBAN or account number .

Why DZ Privatbank S.a., Luxembourg has an 8- and an 11-character code

The layout of a BIC never changes: four characters for the institution, two for the country and a two-character location code, plus an optional branch code. Together, those parts form GENOLULL, the code most people search for.

XXX at the end of GENOLULLXXX is not a missing value or an error: it stands for the head office of DZ Privatbank S.a., Luxembourg. Certain payment forms ask for 11 characters, in which case you can enter XXX after GENOLULL.

In practice the code is written in capitals, without spaces or dashes. A single letter may route a payment to a different institution, so copy it carefully.

DZ Privatbank S.a., Luxembourg: head office code versus branch codes

Having 2 codes, DZ Privatbank S.a., Luxembourg is one of the banks that register separate codes for parts of the organisation and departments. The head office code remains GENOLULLXXX.

For the vast majority of incoming transfers, the head office code GENOLULLXXX is what you need. If you have been given a branch code, stick to it instead of swapping it for the head office code.

Not sure which code applies? Ask the recipient, or look at a recent statement from DZ Privatbank S.a., Luxembourg. Branch codes are more likely to be retired than GENOLULLXXX.

Where our SWIFT data comes from

We gather SWIFT/BIC codes using public sources and check them from time to time. It is possible that a code here is out of date after a merger or reorganisation. Counts and locations are from our directory.

For any payment that matters, check the BIC with DZ Privatbank S.a., Luxembourg or the recipient. We are an independent comparison site for money transfers and not part of DZ Privatbank S.a., Luxembourg. If you notice a mistake, we welcome a short note.

Sending EUR to DZ Privatbank S.a., Luxembourg

Luxembourg pays in the Euro (EUR). A payment in a foreign currency will be converted into EUR on its way to DZ Privatbank S.a., Luxembourg – and the bank that does it picks the rate. There is rarely a separate line for the conversion – the cost sits in the rate.

Who does the conversion affects how much arrives, since every bank sets its own rate. Check what EUR arrives via different providers.

Rates for EUR move during the day – some services let you fix a rate in advance. On larger amounts, even small gap in the rate adds up quickly.

Paying DZ Privatbank S.a., Luxembourg 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 usually optional or missing in that case.

A SWIFT code like GENOLULL does come into play when the currency is not euros and when the money comes from outside SEPA. If your banking app has a field for the BIC anyway, entering GENOLULL is fine.

SEPA transfers usually arrive by the next business day, and instant transfers in seconds where both banks support them. Charges on SEPA payments tend to be low, as long as no currency conversion is involved.

What to give a sender who pays you at DZ Privatbank S.a., Luxembourg

For a transfer from abroad into your account at DZ Privatbank S.a., Luxembourg, the person paying you needs not just the BIC. That means: your full name exactly as it appears on the account, your account number or IBAN, the BIC GENOLULLXXX (or GENOLULL) and, often, your address.

It helps to include DZ Privatbank S.a., Luxembourg and its city too, since some forms ask for it. Double-check the details before you send them.

The amount you receive can be lower than the amount sent. Correspondent banks can take a fee, and when currencies differ, an exchange rate margin applies. Agree with the sender who covers the fees, especially for larger amounts.

Is GENOLULL still correct? How to check

Ask the recipient to copy their account details directly from their online banking. When the code you were given differs from GENOLULL or GENOLULLXXX, stop and ask – contact the recipient or DZ Privatbank S.a., Luxembourg.

With a wrong code, the payment might get stuck, bounce back or cost extra, and tracing it can take weeks. An error in the IBAN or account number can be more serious, because the money may be credited to someone else.

A validity check in your banking app merely confirms that the IBAN exists. If your bank offers it, a payee name check on the recipient adds extra certainty. A small test payment is a sensible step for a large first payment despite the extra fee.

Tracking a transfer to or from DZ Privatbank S.a., Luxembourg

An international transfer usually needs one to a few business days – it depends on currency, route and the banks in between. Payments made after the cut-off time or just before a weekend or public holiday usually go out the next business day. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique transaction reference, the UETR. Keep your transfer receipt until the recipient confirms.

A missing payment is investigated by the sending bank on the basis of the transfer details. On the receiving end, it helps to look at your account for a slightly lower amount.

What a transfer from DZ Privatbank S.a., Luxembourg abroad really costs

If you send money to another country via DZ Privatbank S.a., Luxembourg, the fee you see is rarely all of the cost. On top of a fixed fee, correspondent or intermediary banks may take a cut, and when the money changes currency, the bank usually applies a rate that is less favourable than the real market rate.

That exchange rate margin is often the largest item. Compare their rate with the mid-market rate. The difference is your real conversion cost.

Specialised transfer providers frequently offer a rate near the mid-market rate. GoldexPay compares the amount that arrives with different providers, so you can pick the cheapest route. Choosing a specialist does not mean leaving DZ Privatbank S.a., Luxembourg.

Scams that use SWIFT codes

Be alert when someone unexpectedly wants you to send money to another account or a bank in another country. The fact that GENOLULL exists does not mean that the account is legitimate – fraudsters use real bank codes as well.

Check new bank details via a different channel, never via the email that asked for the change. Urgency and secrecy tend to be red flags; a genuine business can wait for you to check. If a payment was sent to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Recipients are targeted too: one known trick is a buyer who pays too much and then sends a request to send back the difference to another account. Wait until the money has really arrived.