Fundsquare S.A. SWIFT/BIC code

SWIFT/BIC code of Fundsquare S.A.

If an invoice shows XLUXLUL1 or XLUXLUL1XXX, you are looking at the same address for Fundsquare S.A. in Luxembourg. The code has a single purpose: it makes sure that a cross-border transfer ends up at the right bank. You will need it mostly when dealing with transfers between countries and payments in foreign currencies.

We wrote this page to help people who receives money at an account at Fundsquare S.A.. Remember that the SWIFT code just identifies the bank, not the account: the IBAN or account number does that part.

How up to date is this code?

We gather bank codes from publicly available data and update our list regularly. Institutions merge, close branches and retire codes. The figures on this page reflect our own data, not official figures from Fundsquare S.A..

Use this page as a reference, not as the last word – the bank details from the recipient are leading. We are an independent comparison service for money transfers and not affiliated with Fundsquare S.A.. Found outdated information? Tell us through the contact page so we can correct it.

Verifying the SWIFT code of Fundsquare S.A.

The most reliable place for the right code is a document from the bank itself, such as a statement or the account details in online banking. If the code you have differs from XLUXLUL1 or XLUXLUL1XXX, do not guess.

A wrong SWIFT code can cause a delay, a returned payment or extra fees along the way. Remember the IBAN: an error there is more difficult to undo than a wrong code.

Most online banking apps check the format of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. Where available, a name check before sending adds an extra layer of safety. For a first payment, some people send a small amount first.

Protect yourself against fake payment requests

A common scam goes like this: you receive a request claiming that a contact now has a new bank account and that the next payment should go there. A valid SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Before paying, confirm changed bank details by phone, using a number you already had. Watch out for urgent requests, odd spelling or a sender address that is slightly off. Acted too fast? Contact your bank straight away and have them try to recall the payment.

Scams can also work the other way. Someone sends more than agreed and wants you to refund the extra. A payment confirmation from the sender is no proof.

SEPA payments and the Fundsquare S.A. BIC

Luxembourg is a member of the Single Euro Payments Area (SEPA), where euro transfers follow common rules. When you send euros within SEPA, the IBAN is usually enough.

You will still need XLUXLUL1XXX when sending non-euro payments or money from outside the SEPA area. If a payment form asks for the BIC regardless, adding XLUXLUL1 does no harm.

Euro payments within SEPA normally land by the next business day. Fees for SEPA transfers are generally low, as long as no currency conversion is involved.

Which of the 2 codes of Fundsquare S.A. do you need?

We have 2 SWIFT/BIC codes for Fundsquare S.A. in 1 cities. Next to the head office code XLUXLUL1XXX, you will find codes for branches, departments or specific services.

For the vast majority of incoming transfers, the head office code XLUXLUL1XXX is the right choice. A branch code only makes sense when the account holder specifically asks for it.

If you are not sure, ask the person you are paying which code their bank gave them. Branch codes can change when banks reorganise.

Sending money abroad from Fundsquare S.A.

What you pay for an international transfer has more than one component, and the transfer fee is only the most visible one. You pay the transfer fee, sometimes charges from correspondent banks along the way and, above all, the exchange rate markup when the money is converted.

The markup on the rate is often the biggest item. An easy check: set the bank’s rate next to the mid-market rate for the same moment and work out the difference on your amount.

Specialist money transfer services frequently use rates closer to the mid-market rate. GoldexPay lists these services next to each other so you can see what actually arrives. Using a transfer service does not require leaving Fundsquare S.A..

Incoming international payments to Fundsquare S.A.

Someone abroad who wants to pay you will ask for a few details from you. The basics are: the account holder’s name, IBAN or account number, XLUXLUL1XXX and, for some countries, your postal address.

Some sending banks also ask for the name and address of Fundsquare S.A. in Luxembourg; it does no harm to include it. Check every detail before you share them, because the sender’s bank usually copies them as is.

What lands in your account is often less than what was sent. Correspondent banks can take a fee, Fundsquare S.A. may charge for incoming payments, and if the money is converted, an exchange rate margin applies. On invoices, you can agree how the fees are split to avoid a shortfall.

8 or 11 characters: XLUXLUL1 versus XLUXLUL1XXX

A BIC is made up of fixed blocks: characters one to four stand for the bank, the next two give the country and the two after that indicate the location. For Fundsquare S.A., the 8-character core is XLUXLUL1.

XXX at the end of XLUXLUL1XXX is not a missing value or a mistake: it stands for the main office of Fundsquare S.A.. Certain payment forms insist on 11 characters, and then you can add XXX behind XLUXLUL1.

Enter the code in one piece, in capitals and without spaces. A wrong letter can send the money to another bank, so copy it carefully.

Paying into Fundsquare S.A. in EUR

Luxembourg uses the Euro (EUR). If you send money in a different currency has to be converted at some point – by your bank, by Fundsquare S.A. or by a bank in between. There is rarely a separate line for that conversion; it is built into the rate.

Which bank converts the payment makes a difference: every bank has its own margin. Transferring the amount already in EUR usually avoids a second conversion.

The EUR rate changes constantly and quotes are often valid only for a short time. If you pay regularly, small differences in the rate make a real difference over a year.

Transfer times and tracking a payment to Fundsquare S.A.

How fast a payment reaches Fundsquare S.A. is determined by a few things: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Transfers sent late in the day or on weekends and holidays often go out a business day later. Sometimes a bank asks about the purpose of a payment before releasing it.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique transaction reference, the UETR. Keep your transfer receipt until the recipient confirms.

If a payment has not arrived within the expected time, the sender should contact the bank that sent it. As a recipient, it helps to check your statements to see a slightly lower amount because fees can reduce the amount.