SWIFT/BIC codes in Luxembourg: banks starting with T

SWIFT/BIC codes in Luxembourg

For Luxembourg we have 1051 SWIFT/BIC codes, spread over 494 banks. A SWIFT code tells every bank in the chain exactly which bank should receive an international payment.

Choose a bank from the list to see the head office code and its other codes along with tips for payments to and from that bank. The sections below covers how the codes work, the cost of transfers and how to avoid mistakes.

How long does a transfer to Luxembourg take?

A SWIFT payment to Luxembourg typically needs anywhere from one to several business days. Bank holidays in Luxembourg or in the sending country can add a day or more to the journey.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique reference, the UETR. Save your transfer receipt.

Paying in EUR: what conversion costs you

The national currency in Luxembourg is the Euro (EUR). If you send money in a different currency, it gets converted somewhere along the way: by your bank, an intermediary or the receiving bank.

Which bank converts the money makes a difference, because each party uses its own rate. Often you pay less if you send EUR straight away through a provider that converts near the mid-market rate rather than letting the receiving bank convert. With bigger transfers, a seemingly small gap in the rate adds up quickly.

SWIFT codes in Luxembourg: banks under :letter

Here you see a filtered list: just institutions in Luxembourg with a name starting with :letter. The totals mentioned above always cover all banks in Luxembourg, not just this letter.

Cannot find the bank? The registered name may start with a different letter – think of the full legal name instead of the brand. Try the full list for Luxembourg when you are not sure the exact name.

Sending money to Luxembourg for less

When you transfer money to Luxembourg through a regular bank, the stated fee is rarely all of the cost. Besides a fixed fee, correspondent banks may deduct a charge and, if currencies are converted, the bank usually uses a less favourable rate than the real market rate.

The real cost is often in the rate, rather than in the fee – the bank builds a margin into its rate. Compare the bank’s rate against the mid-market rate that you find on financial sites.

For many currency pairs, a transfer service turns out to be cheaper than a traditional bank transfer. Before you send money to Luxembourg, take a minute to compare what arrives on GoldexPay instead of going straight to your bank.

Check the code before you pay

The safest source for the BIC is the recipient’s own bank details. When the code you were given differs from the code listed here, do not guess: check with the recipient or the bank.

Our SWIFT/BIC directory is compiled from publicly available sources. Institutions reorganise, change names and retire codes – a directory can be a step behind. Treat this list as a starting point; the recipient’s bank details are leading. GoldexPay is not a bank.

Watch out for payment requests with a new account. A valid BIC tells you nothing about who owns the account.

Receiving money in Luxembourg from abroad

If you are waiting for money from abroad on an account in Luxembourg, send the payer all details at once. Give them your name as registered with the bank, the IBAN or account number, your bank’s SWIFT code and your address, which some banks require.

The code of your bank is in our list. Some sending banks may also want your bank’s address; it does no harm to include it.

What lands in your account can be less than the amount sent. Charges on incoming payments vary from bank to bank; check the price list of your bank. Agree with the sender who covers the fees, especially for larger amounts.

Recognising a SWIFT code from Luxembourg

SWIFT/BIC codes follow the same format worldwide: eight characters, sometimes followed by three more. First comes a four-letter bank code, then a two-letter country code and a two-character location code.

You can spot a bank code from Luxembourg by the fifth and sixth characters: they always show the ISO country code of Luxembourg. Codes with a different country code belong to another country – a quick way to catch mistakes.

The last three characters, if present, identify a branch or department; XXX is used for the head office. Use a branch code just when the recipient’s bank asks for it; otherwise the head office code is the safe choice.

Luxembourg and the SEPA area

Luxembourg is a member of the Single Euro Payments Area (SEPA), the zone for uniform euro payments. When you send euros within SEPA, the IBAN is usually enough.

The BIC does matter for payments in other currencies. SEPA transfers usually arrive by the next business day. Provided the payment stays in euros, the transfer is usually cheap.

Most SWIFT codes in Luxembourg: BNP Paribas Securities Services

Of all banks in Luxembourg, BNP Paribas Securities Services has the largest number of SWIFT codes. The head office uses PARBLU21XXX.

The number of codes tells you more about how it registers branches and services than about how big it is. Making a payment to BNP Paribas Securities Services? Go with PARBLU21XXX except when the recipient gives you a branch code.