SWIFT/BIC codes in Luxembourg: banks starting with Z

Finding a SWIFT code in Luxembourg

In Luxembourg we have 1051 SWIFT/BIC codes, spread over 494 institutions. A BIC tells the banks handling a transfer exactly which bank should receive an international payment.

Look for the recipient’s bank in the list and open its page to see all codes we have. Further down we explain how a code from Luxembourg is put together, how to send money there at a fair price and how to check a code before you pay.

SEPA transfers to Luxembourg

Because Luxembourg is part of SEPA, a euro transfer to a bank in Luxembourg normally requires just an IBAN. Many banks no longer ask for the BIC for these payments.

You still need the BIC when sending payments in other currencies or transfers from countries outside SEPA. Instant payments in euros are widely available across SEPA, though not every bank offers them for every account. Fees are generally low provided no currency is converted; the conversion is where it gets expensive.

Incoming international payments in Luxembourg

If you are waiting for a payment from another country on an account in Luxembourg, give the sender a complete set of details. Share the account holder’s name, your account number or IBAN, the BIC of your bank and your address, which some banks require.

Look up the bank in the list above to check its code – your bank statement is the final word. You can include the name and city of your bank as well, since some payment forms ask for it.

Do not be surprised if the amount credited is below what the sender paid. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate applies. On invoices, agree who bears the costs to avoid a shortfall.

How SWIFT codes from Luxembourg are built

Each SWIFT/BIC code consists of eight or eleven characters in a fixed order. Characters one to four identify the bank, characters five and six form the country code and the next two mark the location.

You can recognise a code from Luxembourg from letters five and six: they always show the ISO country code of Luxembourg. If those two letters do not match Luxembourg, you are looking at a bank in another country, so check again.

The optional last three characters stand for a branch or department; XXX is used for the head office. For most transfers the head office code is fine.

Transfer times to Luxembourg

There is no single delivery time for payments to Luxembourg: some land the same day or the next while others need several business days. Bank holidays in either country can add extra days, because banks do not process payments on those days.

If the money is late, ask the sender to contact the sending bank and ask for the status or the UETR. Save the payment confirmation until the recipient confirms.

Banks in Luxembourg starting with :letter

You are looking at a filtered list: only banks in Luxembourg whose name begins with :letter. The counts in the introduction always cover the whole country and not only this selection.

Bank not listed? The registered name might start with a different letter. Try the full list for Luxembourg if you are not sure the exact name.

Check the code before you pay

Have the recipient copy the account details directly from their banking app. An incorrect BIC may lead to delays, a payment being sent back or additional charges.

We gather bank codes from public sources and update our list from time to time. Institutions merge, change names and retire codes, and no directory catches every change immediately. Before a payment of any size, check the BIC with the recipient’s bank. We are an independent comparison service for money transfers, not a bank.

Fraudsters often use payment requests with new bank details from what looks like a familiar address. Before paying, verify changed details by phone, using a number you already had.

Sending EUR to Luxembourg

Bank accounts in Luxembourg are usually held in EUR – the Euro. Money sent in a different currency will be exchanged into EUR on its way to the recipient – and the bank that does it picks the rate.

Who converts the payment makes a difference, because each party uses its own rate. Compare how much EUR the recipient gets with several services; the difference between options can be larger than you expect. On larger amounts, even a small gap in the rate can be worth more than the fee.

The largest SWIFT network in Luxembourg: BNP Paribas Securities Services

Of the 494 banks we list for Luxembourg, BNP Paribas Securities Services has the most codes. Its main office has PARBLU21XXX and that code covers most payments.

A large number of codes usually means that the bank registers branches and departments separately. Paying someone at BNP Paribas Securities Services? Use PARBLU21XXX unless a specific branch code is requested.

What a transfer to Luxembourg really costs

The price of a transfer to Luxembourg is made up of more than one component. Besides the fee, correspondent banks may deduct a charge, and when the money is converted the bank usually uses a rate below the real market rate.

The real cost is often in the rate: banks convert at a rate with a margin built in. Compare the bank’s rate against the mid-market rate. The difference is your real cost.

Money transfer services often offer a rate near the mid-market rate. Before you send money to Luxembourg, take a minute comparing what arrives on GoldexPay instead of going straight to your bank.