Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A. SWIFT/BIC code

MUGCLUL2 – the SWIFT/BIC code of Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A.

MUGCLUL2 and MUGCLUL2XXX are the short and the long form of the same bank identifier, and both lead to Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A. in 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 practice you usually come across the code on international invoices, in payment forms and on the account details of Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A. customers.

This page is meant to help anyone who pays into an account at Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A. and wants to get the details right. The SWIFT code alone does not identify a personal account; for that you need the IBAN or account number .

Scams that use SWIFT codes

One of the most common tricks goes like this: an email arrives with a message saying that a supplier has a new bank account. That MUGCLUL2 is a real code is no guarantee that a request mentioning it is legitimate.

Before paying, verify changed bank details through a phone call on a number you know, not one from the message. Watch out for urgent requests, odd spelling or an email address that differs by one letter. Acted too fast? Call the bank you paid from without delay and ask them to start a recall and report the fraud.

Recipients can be targeted as well: a classic trick is an overpayment followed by a request to refund the difference abroad. Wait until the money has really arrived and check with Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A. if anything seems off.

How long does an international transfer to Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A. take?

A SWIFT payment usually needs one to a few business days – it depends on currency, route and the banks in between. Weekends and public holidays in either country can add a day or more. Occasionally a bank wants to know about the purpose of a payment before releasing it.

If the money is late, contact the sending bank for the status or the UETR. Keep your transfer receipt.

A missing payment has to be investigated by the sending bank. As a recipient, you can check your account for a partial amount because fees can reduce the amount.

What a transfer from Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A. abroad really costs

What you pay for an international transfer has more than one component – not just the fee on your screen. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, above all, the exchange rate markup when the money is converted.

Most of the cost usually sits in the exchange rate: many banks convert at a rate that includes a margin. A simple test: put the bank’s rate against the mid-market rate and look at the difference.

For many currency pairs, a specialist provider turns out to be cheaper than a bank. GoldexPay compares these services next to each other so you can see the amount the recipient gets. Choosing a specialist does not require closing your account at Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A..

Euro (EUR) and conversion costs

Luxembourg pays in the Euro, with the currency code EUR. When you pay money in a different currency, the amount has to be converted somewhere along the way. You rarely see a separate line for the conversion.

Who converts the payment makes a difference, because each party uses its own rate. Check what EUR the recipient gets with different providers; the difference between options can be larger than you expect.

Exchange rates change during the day, and some providers let you lock in a rate. On larger amounts, even small gap in the rate adds up quickly.

Paying Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A. in euros within SEPA

Luxembourg is a member of the Single Euro Payments Area (SEPA). For a standard euro transfer from another SEPA country, you normally only need the IBAN; many banks no longer ask for the BIC.

A SWIFT code like MUGCLUL2 still matter 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, adding MUGCLUL2 is fine.

Instant euro transfers have become increasingly available within SEPA; check with Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A. whether it applies to your account. Fees for SEPA transfers tend to be low.

What the XXX in MUGCLUL2XXX means

A SWIFT code is built from a few fixed parts: characters one to four stand for the bank, characters five and six show the country and characters seven and eight indicate the location. That gives you MUGCLUL2, the short form of the code.

XXX at the end of MUGCLUL2XXX is not a missing value or a mistake: it stands for the main office of Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A.. Certain payment forms insist on 11 characters, and then you can enter XXX after MUGCLUL2.

Do not add spaces, dots when you type MUGCLUL2. Look out for the letter O and the digit 0 and I versus 1.

Before you send: check the Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A. code

Ask the recipient to send you the bank details directly from their banking app. Check it with MUGCLUL2 here.

Mistakes in the SWIFT code tend to be annoying rather than disastrous – usually the money comes back, minus fees and time lost. A mistake in the account number is more serious.

Most online banking apps validate the structure of an IBAN and some suggest the matching BIC. If your bank offers it, a payee name check on the recipient gives extra certainty. Sending a small amount first is worth it for large sums, even if it costs an extra fee.

Incoming international payments to Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A.

If you are waiting for money from abroad, give the sender a complete set of details. What they need is: the account holder’s name, account number or IBAN, MUGCLUL2XXX or MUGCLUL2 and in many cases your postal address.

Their bank may also ask for the address of your bank. A mistake in your account number is harder to fix than you might think, so copy the details from your online banking.

An incoming payment does not always arrive for the full amount. Fees for incoming transfers vary per bank. For business payments, it is common to state how the fees are split to avoid a shortfall.

A note on our data

We gather SWIFT/BIC codes using public sources and check them regularly. It is possible that information here is out of date. The number of codes we show reflect what is in our directory and not on information from Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A. itself.

Use our data as a starting point, not as the last word: the recipient’s bank details come first. GoldexPay is a comparison service for money transfers and not affiliated with Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A.. If you notice a mistake, we appreciate a message via the contact page.

Choosing between the 3 SWIFT codes of Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A.

Our database contains 3 SWIFT/BIC codes for Mitsubishi Ufj Investor Services and Banking (Luxembourg) S.A.. Next to the head office code MUGCLUL2XXX, there are codes for individual branches and departments.

If nobody asks you for a branch code, use MUGCLUL2XXX or its short form MUGCLUL2. Only use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

Unsure which code applies? Ask the recipient or the bank itself. Branch codes are sometimes changed or retired over time, so a code from an old document is not always valid.