Internaxx Bank S.A. SWIFT/BIC code

Internaxx Bank S.A. SWIFT code: INRXLUL1

Whether you are given INRXLUL1 or INRXLUL1XXX, you are looking at the identical identifier for Internaxx Bank S.A. in Luxembourg. The code has a single purpose: it ensures that money from abroad reaches the right bank. It comes up mostly when dealing with payments that cross a border or a currency.

Further down we go through the practical questions: money coming in from abroad, paying someone in another country and how to verify the code before you confirm a payment. A SWIFT code names an institution, not a specific account; the IBAN or account number does that.

What the XXX in INRXLUL1XXX means

The layout of a BIC never changes: four characters for the institution, a two-letter country code and a two-character location code. Together, those parts make up INRXLUL1.

The 11-character version adds three more characters for a branch or department. If the last three are XXX, they simply mean the head office, so INRXLUL1XXX and INRXLUL1 are interchangeable.

Type the code as one block, in capitals and without separators, exactly as shown here. A wrong character may route a payment to a different institution, so check it twice.

Getting paid from abroad into a Internaxx Bank S.A. account

When you expect money from abroad, give the sender all details at once. Give them the account holder’s name, the IBAN or account number, SWIFT code INRXLUL1XXX and your address.

It helps to include the bank name and Luxembourg as well, because some payment forms have separate fields for them. A mistake in the IBAN can be more trouble than it looks.

Do not be surprised if the incoming amount is below what the sender paid. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate comes on top. For business payments, it is common to agree who bears the costs.

Changed bank details? Be careful

Scammers often use payment requests containing changed bank details. That INRXLUL1 is a real code is no guarantee that the account is genuine.

Do not trust contact details in the same message that announces the change. Urgency and requests to keep it quiet are warning signs. When a payment has already gone to a fraudster, call your bank right away.

Recipients are targeted too: one known trick is a buyer who pays too much followed by a request to refund the difference to another account. A screenshot of a transfer proves nothing.

Is INRXLUL1 still correct? How to check

The best place to find the correct BIC is paperwork issued by the bank like a bank statement or the account page in online banking. When the code you were given does not match INRXLUL1 or INRXLUL1XXX, stop and ask: check with the recipient or with Internaxx Bank S.A. directly.

Errors in the SWIFT code tend to be annoying more than fatal: often the payment comes back, minus fees. An error in the IBAN or account number can be more serious, because the money may be credited to someone else.

Most online banking apps validate the format of an IBAN and sometimes look up the BIC automatically. Where available, a name check on the recipient gives an extra layer of safety. Sending a small amount first is worth it for large sums, even if it costs an extra fee.

Paying into Internaxx Bank S.A. in EUR

Luxembourg pays in the Euro (EUR). Money sent in a different currency will be exchanged into EUR – and the bank that does it picks the rate. You rarely see a separate line for that conversion; it is built into the rate.

Where the conversion happens has an effect on the final amount, since every bank sets its own rate. Often it is cheaper to send EUR straight away through a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

Exchange rates move during the day, and some providers let you lock in a rate. For regular payments, a slightly better rate make a real difference over a year.

Euro transfers to Internaxx Bank S.A.: is a BIC needed?

Since Luxembourg is part of SEPA, a euro payment into Internaxx Bank S.A. from within the SEPA area usually only needs the IBAN. Most banking apps no longer ask for the BIC in that case.

For anything other than euros and from non-SEPA countries, INRXLUL1XXX remains part of the payment details. Some forms also ask for the BIC; in that case, enter INRXLUL1.

Instant euro transfers have become widely available within SEPA; check with Internaxx Bank S.A. whether it applies to your account. As long as no currency is converted, the transfer is inexpensive; it is the conversion that costs money.

How long does an international transfer to Internaxx Bank S.A. take?

There is no fixed answer for every transfer: many arrive within a day while others need several business days. Payments made after the cut-off time or on weekends and holidays often go out the next business day. Compliance checks by one of the banks can also cause some delay.

A growing number of banks use SWIFT gpi. Each payment gets a unique reference, the UETR that banks can use to trace it. Keep the payment confirmation until the recipient confirms – you will need it for any trace request.

The bank that sent the money is able to start an official trace. On the receiving end, it helps to check your account for a slightly lower amount, since fees may have been deducted.

Paying someone abroad from your Internaxx Bank S.A. account

An international bank payment costs more than the listed fee. Besides the transfer fee, correspondent or intermediary banks may deduct a fee, and if currencies are converted, the bank usually uses a rate that is less favourable than the real market rate.

The real cost is often in the rate: the bank converts at a rate with a margin built in. Check their rate with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For many routes, a specialist provider is cheaper than a traditional bank transfer, mainly because of the exchange rate. On GoldexPay you can compare the amount that arrives across providers, which makes the cheapest option easy to spot. Choosing a specialist does not mean closing your account at Internaxx Bank S.A..

Head office or branch code at Internaxx Bank S.A.?

We have 2 SWIFT/BIC codes for Internaxx Bank S.A., spread over 1 locations. Besides the head office code INRXLUL1XXX, you will find codes for branches, departments or specific services.

Unless the recipient tells you otherwise, go with INRXLUL1XXX. A branch code only makes sense if the account holder specifically mentions it.

Not sure which code to use? Check with the recipient, or look at a recent statement from Internaxx Bank S.A.. Codes for branches are more prone to change than the head office code when a bank merges or closes offices.

About this information

The codes on this page are taken from publicly available data. Banks reorganise, change names and retire codes, and a directory never catches every change immediately. The figures on this page reflect our own data.

See the information on this page as a handy check, and let the details from the recipient or Internaxx Bank S.A. have the final say. GoldexPay has no connection to Internaxx Bank S.A.; we are a comparison site for money transfers. Should you notice something that is out of date, we appreciate a message.