Lcl (le Credit Lyonnais) Monaco SWIFT/BIC code

What CRLYMCM1 means for a payment to Lcl (le Credit Lyonnais) Monaco

Whether you are given CRLYMCM1 or CRLYMCM1XXX, you are looking at the same identifier for Lcl (le Credit Lyonnais) Monaco in Monaco. Every bank on the SWIFT network uses BIC codes to direct payments between countries to the right bank. You will need it mainly when dealing with transfers between countries.

On this page we explain what the code is put together, when you need it and what else a transfer to or from Lcl (le Credit Lyonnais) Monaco requires. A SWIFT code names a bank or branch, never a single account.

Euro (EUR) and conversion costs

The currency of Monaco is the Euro (EUR). A payment in a foreign currency is converted into EUR before it reaches the account – and the bank that does it picks the rate. There is rarely a separate charge for the conversion.

Who converts the payment makes a difference: every bank has its own margin. Often it is cheaper if you send EUR directly through a transfer service with a good rate.

The rate for EUR changes throughout the day and quotes are often valid only for a short time. With bigger transfers, even small difference in the rate adds up quickly.

A note on our data

Our SWIFT/BIC directory draws on public sources. Institutions merge, close branches and change codes. Counts and locations are from our directory.

See our directory on this page as a helpful check. GoldexPay is not affiliated with Lcl (le Credit Lyonnais) Monaco, we only compare transfer services. Should you notice a mistake, we welcome a message.

What a transfer from Lcl (le Credit Lyonnais) Monaco abroad really costs

An international bank payment costs rather more than the fee suggests. Besides the transfer fee, banks in between can deduct a fee, and if the money changes currency, the bank often applies a rate that is less favourable than the actual market rate.

Many banks rarely show the margin on the rate as a cost. Compare the rate you are offered with the mid-market rate. The difference is your real conversion cost.

For a lot of currency pairs, a transfer service turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. On GoldexPay you can compare what recipients receive with different providers, which makes the cheapest option easy to spot. You can still keep your account at Lcl (le Credit Lyonnais) Monaco.

Changed bank details? Be careful

A common scam goes like this: you receive a message saying that a supplier now has new bank details. A valid SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Never rely on a phone number from the same email that contains the change. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. Acted too fast? Contact the bank you paid from straight away and ask them to try to recall the payment and report the fraud.

Scams also work the other way: someone sends more than agreed and wants you to refund the difference. Do not act before the money has really arrived and check with Lcl (le Credit Lyonnais) Monaco if anything seems off.

Which of the 7 codes of Lcl (le Credit Lyonnais) Monaco do you need?

Our directory lists 7 SWIFT/BIC codes for Lcl (le Credit Lyonnais) Monaco, spread over 1 locations. Next to the head office code CRLYMCM1XXX, you will find codes for branches, departments or specific services.

Unless the recipient tells you otherwise, use CRLYMCM1XXX. Just use a branch code when your contact gives you that exact code, for example on an invoice or in their bank details.

When in doubt, check with the recipient which code their bank gave them. Codes can change when banks reorganise, so a code from an old document is not always valid.

How to check CRLYMCM1 before you pay

The best place to find the correct BIC is a document from the bank itself, such as a statement or the account details in online banking. Check it against CRLYMCM1 on this page and ask if anything does not match.

An incorrect BIC can cause delays, a payment being sent back or additional charges. An error in the account number can be more serious; check it just as carefully.

Many banking apps validate the structure of IBANs – that confirms the format, not the owner. If your bank offers it, a name check before sending gives extra certainty. Sending a small amount first is a sensible step for a large first payment.

Euro transfers to Lcl (le Credit Lyonnais) Monaco: is a BIC needed?

Because Monaco is part of SEPA, a euro payment into Lcl (le Credit Lyonnais) Monaco from another SEPA country normally only needs an IBAN. Many banks no longer ask for the BIC in that case.

You will still need CRLYMCM1XXX when sending non-euro payments or money from outside the SEPA area. If a payment form asks for the BIC regardless, entering CRLYMCM1 does no harm.

Euro payments within SEPA usually arrive by the next business day. As long as the payment stays in euros, a SEPA transfer is cheap.

Transfer times and tracking a payment to Lcl (le Credit Lyonnais) Monaco

How quickly a transfer reaches Lcl (le Credit Lyonnais) Monaco is determined by several factors: the currency, the number of banks in between, cut-off times and time zones. Weekends and public holidays in either country add a day or more. Extra checks on larger or unusual payments may also add some delay, regardless of the details.

When a payment takes longer than expected, contact your bank about the status and the transaction reference; with that reference banks can see where the payment is. Money transfer services usually show tracking in their app so you can see how far the payment has got.

If a payment has not arrived after a few business days, the sender needs to contact their own bank, not the receiving bank. As a recipient, it helps to check your statements for a slightly lower amount, since fees may have been deducted.

What the XXX in CRLYMCM1XXX means

Every SWIFT/BIC code has the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. For Lcl (le Credit Lyonnais) Monaco, the 8-character core is CRLYMCM1.

XXX at the end of CRLYMCM1XXX does not stand for a placeholder or a mistake: it indicates the main office of Lcl (le Credit Lyonnais) Monaco. Some forms ask for 11 characters, in which case you can add XXX behind CRLYMCM1.

Type the code in one piece, in upper case and without spaces, exactly as shown here. A single letter may route the money to another bank.

What to give a sender who pays you at Lcl (le Credit Lyonnais) Monaco

If you expect a payment from another country, give the sender a complete set of details. The basics are: your name, account number or IBAN, CRLYMCM1XXX and in many cases your postal address.

It helps to add the bank name and Monaco too, since some forms ask for it. Double-check the details before you share them, because the sender’s bank usually copies them as is.

An incoming payment does not always arrive in full. Fees for incoming transfers differ from bank to bank – the price list of Lcl (le Credit Lyonnais) Monaco tells you what applies. For business payments, it is common to agree how the fees are split, so that nobody is left short.