SWIFT/BIC codes in Luxembourg: banks starting with I

Finding a SWIFT code in Luxembourg

Our directory lists 494 banks and other institutions in Luxembourg. A BIC tells every bank in the chain exactly which bank is meant to get the money.

Pick the bank from the list to see its head office code and its other codes along with tips for payments to and from that bank. The rest of this page explain the structure of the codes, what transfers cost and the checks worth doing.

Paying in euros to Luxembourg

Since Luxembourg is in SEPA, a euro transfer to a bank in Luxembourg normally requires just the IBAN. Most banking apps do not require the BIC for these payments.

The BIC does matter for payments in other currencies. SEPA transfers normally land within one business day. Fees are generally low provided no currency is converted; the conversion is where it gets expensive.

How reliable is this list?

The most reliable place for the right code is a document from the bank itself. If the code you have differs from the code listed here, do not guess – contact the recipient or their bank.

We collect bank codes using publicly available data and check them regularly. Still, banks merge, rename themselves or retire codes, so information can be out of date. For any payment of any size, check the BIC with the recipient. We are an independent comparison service for money transfers and not part of any bank listed here.

Be wary of payment requests with changed bank details. A real SWIFT code tells you nothing about whether a request is genuine.

Banks in Luxembourg starting with :letter

You are looking at a filtered list: only institutions in Luxembourg whose name begins with :letter. The totals mentioned here apply to all 494 banks.

Many institutions are listed under their official name, so the letter can differ from what you expect. Use the full list for Luxembourg when you do not know the exact name.

The Euro (EUR) and conversion costs

The local currency of Luxembourg is the Euro (EUR). If you send money in a different currency, it has to be converted at some point: by your bank, an intermediary or the receiving bank.

Which bank converts the money makes a difference, because each party uses its own rate. In many cases it is cheaper to send EUR directly via a provider that converts near the mid-market rate. Exchange rates move all the time – some providers let you lock in a rate.

When does money sent to Luxembourg arrive?

How quickly money reaches Luxembourg depends on a few things: the currency, how many intermediary banks are involved, cut-off times and differences in time zone. Payments made late in the day or on a weekend or public holiday usually go out a business day later.

Many banks use SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique reference, the UETR that banks can use to see where the money is. Money transfer services usually provide tracking online.

Incoming international payments in Luxembourg

When you expect money from abroad in Luxembourg, send the payer all details at once. In practice that means: your full name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code of your bank and usually your address.

Look up the bank in the list above. You can include the name and city of your bank, since some payment forms ask for it.

The amount you receive is often lower than the amount sent. Intermediary banks may deduct a fee, your bank may charge for incoming payments, and if the money is converted, a markup on the rate comes on top. On invoices, state how the fees are split to avoid a shortfall.

Bank or transfer service for Luxembourg?

When you transfer money to Luxembourg via a regular bank, the fee you see is only part of what you pay. Besides a fixed fee, intermediary banks may deduct a charge and, if currencies are converted, the bank often uses a less favourable rate than the actual market rate.

That exchange rate margin is often the largest cost item, even though it is not listed as a fee. An easy check: set the offered rate against the mid-market rate and look at the difference.

For many routes, a specialist provider turns out to be less expensive than a bank – mostly thanks to the exchange rate. Before you send money to Luxembourg, take a minute to compare the total cost via GoldexPay.

BNP Paribas Securities Services and its SWIFT codes

Of the 494 banks we list for Luxembourg, BNP Paribas Securities Services has the most codes. The head office uses PARBLU21XXX.

How many codes a bank has tells you more about how it registers branches and services than about how big it is. Unless a branch code is given, the head office code PARBLU21XXX works for a payment to BNP Paribas Securities Services.

What the letters in a Luxembourg BIC mean

SWIFT/BIC codes use the same format worldwide: eight characters. The first four letters identify the bank, characters five and six form the country code and the next two give the location.

No matter which bank, all Luxembourg codes have the same country code in positions five and six, namely the ISO code of Luxembourg. If the country letters point to another country, you are looking at a bank in another country – worth double-checking.

The optional last three characters stand for a branch or department; XXX means the head office. For most transfers the head office code is what you need unless the recipient asks for a specific branch.