Pictet et Cie (Europe) S.A. SWIFT/BIC code

What PICTLULX means for a payment to Pictet et Cie (Europe) S.A.

The 8-character code PICTLULX and the full code PICTLULXXXX identify one and the same institution: Pictet et Cie (Europe) S.A. in Luxembourg, Luxembourg. The code does one job: it makes sure that an international payment ends up at the right bank. In daily life you usually see it on invoices from abroad, in your banking app and on the account details of Pictet et Cie (Europe) S.A. customers.

On this page we explain how the code is put together, when it matters and which other details a transfer to or from Pictet et Cie (Europe) S.A. requires. A SWIFT code identifies a bank or branch, not a single account; the IBAN or account number does that.

What a transfer from Pictet et Cie (Europe) S.A. abroad really costs

A bank transfer abroad can cost more than the listed fee. There is the fee for the transfer itself, possibly charges from correspondent banks along the way and, most importantly, the exchange rate markup if the currency changes.

Many banks rarely show the margin on the rate as a cost – you only notice it if you compare. A simple test: set the rate you get against the mid-market rate and work out the difference on your amount.

Specialist money transfer services frequently offer rates closer to the mid-market rate. Before your next transfer, take a minute to compare the total cost on GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not require closing your account at Pictet et Cie (Europe) S.A..

Protect yourself against fake payment requests

Fraudsters often use payment requests with new bank details sent from what looks like a familiar address. A valid SWIFT code tells you nothing about whether the request is genuine.

Before paying, verify a change of bank details by phone, using a number you already had. Watch out for urgent requests, unusual wording or an email address that differs by one letter. If money was sent to the wrong account, call your bank right away – speed improves the chance of getting it back.

Fraud also work the other way. Someone sends too much and asks you to refund the difference via a different route. A screenshot of a transfer is no proof.

Which of the 3 codes of Pictet et Cie (Europe) S.A. do you need?

Pictet et Cie (Europe) S.A. uses 3 different SWIFT/BIC codes across 1 locations. One of them is the head office code; the others belong to branches.

For most payments to a private or business account, the head office code PICTLULXXXX works fine. When you receive a specific code, use it as it is instead of swapping it for the head office code.

Not sure which code to use? Ask the recipient. Branch codes are more likely to be retired than the head office code when a bank merges or closes offices.

Tracking a transfer to or from Pictet et Cie (Europe) S.A.

A SWIFT payment usually takes anywhere from one to several business days, depending on the currency, the route and the banks involved. Payments made late in the day or on a weekend or public holiday often go out the next business day. Compliance checks by one of the banks may also add a delay.

A growing number of banks are connected to SWIFT gpi. Each payment carries a unique reference, the UETR that banks can use to trace it. Save your transfer receipt until the money has arrived.

A missing payment is investigated from the sending side. Request from the sender the payment receipt including the reference.

Euro (EUR) and conversion costs

Luxembourg uses the Euro, code EUR. If you send money in a different currency, the amount gets converted at some point. Each conversion eats into the amount, even when no fee is shown.

Where the conversion happens has an effect on how much arrives, as rates and margins differ per bank. Often it is cheaper to send EUR straight away through a provider with a good rate rather than letting the receiving bank convert.

Exchange rates change during the day, and some providers let you lock in a rate. With bigger transfers, even small gap in the rate adds up quickly.

What the XXX in PICTLULXXXX means

A BIC is made up of fixed blocks: the first four letters stand for the bank, the next two give the country and the two after that mark the location. That gives you PICTLULX for Pictet et Cie (Europe) S.A..

The long version adds a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office.

In practice the code is typed in capitals. A single letter can send a payment to a different institution, so check it twice.

A note on our data

Our SWIFT/BIC directory is compiled from public sources and is updated regularly. It can happen that information on this page is no longer current. The number of codes we show reflect what is in our directory and not on information from Pictet et Cie (Europe) S.A. itself.

For a payment that matters, confirm the code with Pictet et Cie (Europe) S.A. or with the recipient. We are a comparison service and not affiliated with Pictet et Cie (Europe) S.A.. If you notice a mistake, we appreciate a message.

Receiving money from abroad at Pictet et Cie (Europe) S.A.

If you are waiting for money from abroad, send the payer everything they need in one go. That means: your full name exactly as it appears on the account, your IBAN or account number, the BIC PICTLULXXXX and usually your postal address.

It helps to include the bank name and its city as well, since some forms ask for it. A mistake in your account number is more trouble than it looks; copy them from your banking app rather than typing.

Money from abroad does not always arrive in full. Fees for incoming transfers vary per bank; check the price list of Pictet et Cie (Europe) S.A.. Make clear with the sender who pays which costs before the money is sent.

Do you need PICTLULX for a SEPA transfer?

Because Luxembourg is in SEPA, a euro transfer to Pictet et Cie (Europe) S.A. from within the SEPA area normally only needs an IBAN. Most banking apps do not require the BIC for these payments.

You still need PICTLULXXXX when sending non-euro payments or transfers from countries outside SEPA. Some banks and apps still ask for the BIC out of habit; if so, enter PICTLULX.

Instant euro transfers have become widely supported across SEPA; check with Pictet et Cie (Europe) S.A. whether it applies to your account. Fees for SEPA payments tend to be low.

Verifying the SWIFT code of Pictet et Cie (Europe) S.A.

The safest source for the BIC is the bank details provided by the recipient. Compare that code with PICTLULX on this page and ask if anything does not match.

Mistakes in the SWIFT code tend to be annoying more than disastrous. A mistake in the IBAN or account number is more serious, because the money may be credited to someone else; check it just as carefully.

A format check by your bank merely confirms that the IBAN exists, not that it is the right account. Where available, a name check on the recipient adds an extra layer of safety. A small test payment can be worth it for a large first payment despite the extra fee.