Finexis S.A. SWIFT/BIC code

FIXELUL1 – the SWIFT/BIC code of Finexis S.A.

The 8-character code FIXELUL1 and the full code FIXELUL1XXX identify one and the same institution: Finexis S.A. in Luxembourg, Luxembourg. A SWIFT code shows every bank in the chain which institution is meant to get the money, much like a postcode for banks. In daily life you mostly see the code on invoices from abroad, in your banking app and on the account details of Finexis S.A. customers.

This page is meant to help people who receives money at an account at Finexis S.A. and wants to get the details right. A SWIFT code names a bank or branch, not a single account; the IBAN or account number does that.

How to check FIXELUL1 before you pay

Have the recipient copy their bank details straight from their banking app. Check that code against FIXELUL1 here; if they differ, ask before you pay.

A wrong SWIFT code may lead to a delay, a payment being sent back or extra fees. A mistake in the account number can be more serious, because the money may be credited to someone else.

A validity check by your bank only tells you that the code is valid. Some banks now compare the payee name against the account before you confirm. A small test payment is a sensible step for a large first payment, even if it costs an extra fee.

Choosing between the 3 SWIFT codes of Finexis S.A.

Finexis S.A. has 3 different SWIFT/BIC codes. Only one is the head office code; the others identify branches, and sometimes specific services.

For the vast majority of incoming transfers, the head office code FIXELUL1XXX is the right choice. If you have been given a branch code, use it as it is instead of swapping it for the head office code.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes are more likely to be retired than FIXELUL1XXX.

Changed bank details? Be careful

Criminals regularly use fake invoices containing new bank details sent from what looks like a familiar address. That FIXELUL1 is a real code is no guarantee that the account is legitimate.

Before paying, verify changed bank details by phone. Pressure or requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. Already paid? Contact your bank without delay and ask them to start a recall and report the fraud.

People receiving money 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. Do not act before the money is actually in your account and check with Finexis S.A. if anything seems off.

Euro (EUR) and conversion costs

Luxembourg uses the Euro. If you send another currency, the amount has to be converted somewhere along the way: by your bank, an intermediary or Finexis S.A. itself. You rarely see a separate charge for that conversion – the cost sits in the rate.

Where the conversion happens affects the final amount, as rates and margins differ per bank. Compare what EUR the recipient gets via different providers before choosing one.

The EUR rate changes throughout the day, so the amount you see is usually only valid for a short time. For regular payments, small differences in the rate add up over a year.

Paying Finexis S.A. in euros within SEPA

Since Luxembourg is part of the SEPA zone, a euro payment into Finexis S.A. from within the SEPA area normally only needs an IBAN. Most banking apps no longer ask for the BIC for these payments.

You still need FIXELUL1XXX when sending payments in other currencies or money from outside the SEPA area. If your banking app asks for the BIC regardless, adding FIXELUL1 does no harm.

Instant payments in euros have become widely supported across SEPA – whether Finexis S.A. offers them for your account is worth checking. Provided the payment stays in euros, the transfer tends to be inexpensive.

What to give a sender who pays you at Finexis S.A.

When you are waiting for money from abroad, send the payer all details at once. What they need is: the account holder’s name, IBAN or account number, FIXELUL1XXX and often your postal address.

Their bank may also ask for the address of your bank, in which case the Luxembourg head office is the usual answer. A mistake in the IBAN is more trouble than it looks; copy them from your banking app rather than typing.

Expect that the amount credited is smaller than what the sender paid. Correspondent banks can take a fee, Finexis S.A. may charge for incoming payments, and if the money is converted, a markup on the rate applies. For business payments, it is common to state who bears the costs to avoid a shortfall.

How up to date is this code?

We gather SWIFT/BIC codes from publicly available data and check them regularly. Still, banks merge, rename themselves or change codes, so information can be out of date. Figures such as the number of codes come from our directory and may differ from what Finexis S.A. publishes.

Treat our directory here as a helpful check and rely on the recipient or Finexis S.A. for the final confirmation. GoldexPay has no connection to Finexis S.A.. If you notice a mistake, we welcome a message.

Paying someone abroad from your Finexis S.A. account

An international bank payment can cost more than the fee suggests. You pay the transfer fee, possibly charges from correspondent banks in between and, above all, the exchange rate markup if the currency changes.

Many banks do not list their exchange rate markup separately, but you pay it all the same. An easy check: put the rate you get next to the mid-market rate for the same moment and work out the difference on your amount.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a traditional bank transfer, mainly because of the exchange rate. Next time you send money, it is worth to compare what arrives on GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not require leaving Finexis S.A..

8 or 11 characters: FIXELUL1 versus FIXELUL1XXX

A BIC is made up of fixed blocks: the first four letters stand for the bank, characters five and six give the country and the two after that mark the location. Combined, those parts form FIXELUL1.

XXX at the end of FIXELUL1XXX is not a placeholder or an error: it stands for the main office of Finexis S.A.. Certain payment forms ask for 11 characters, and then you simply enter XXX behind FIXELUL1.

Leave out spaces, dots when you type FIXELUL1; the code is always written in one block. Look out for the letter O and the digit 0 and I versus 1; they are easy to mix up.

When will the money arrive at Finexis S.A.?

There is no single answer: many arrive the same day or the next, others take several business days. Payments made late in the day or on a weekend or public holiday often start the next business day. Occasionally a bank wants to know about the purpose of a payment before releasing it.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every payment carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services usually show tracking in their app showing where the payment is.

A delayed transfer has to be traced by the sending bank on the basis of the transfer details. Request from the sender the payment receipt including the reference – it helps your own bank look for the money.