Banque Lombard Odier et Cie SA SWIFT/BIC code

LOCYCHGG – the SWIFT/BIC code of Banque Lombard Odier et Cie SA

If an invoice shows LOCYCHGG or LOCYCHGGXXX, it is the identical address for Banque Lombard Odier et Cie SA in Switzerland. A SWIFT code tells the banks handling a payment exactly which bank should receive the money. It comes up mainly when dealing with payments that cross a border and payments in foreign currencies.

Below you will find the practical side: receiving money at Banque Lombard Odier et Cie SA, paying someone in another country and how to verify a SWIFT code before you confirm a payment. A SWIFT code names a bank or branch, never a specific account, which is why you always need the account number too.

Changed bank details? Be careful

One of the most common tricks works like this: you receive a message claiming that a contact has new bank details. A correct SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Do not rely on a phone number in the same message that announces the change. Watch out for time pressure, odd spelling or a sender address that is slightly off. Already paid? Contact your bank without delay and have them start a recall and report the fraud.

Recipients can be targeted as well: one known trick is an overpayment followed by a request to send back the difference. Do not act before the money has really arrived and check with Banque Lombard Odier et Cie SA if anything seems off.

Verifying the SWIFT code of Banque Lombard Odier et Cie SA

The most reliable place for the right code is paperwork issued by the bank, such as a statement or the account details in online banking. When the code you were given does not match LOCYCHGG or LOCYCHGGXXX, stop and ask: check with the recipient or with Banque Lombard Odier et Cie SA directly.

An incorrect BIC can cause a delay, a returned payment or extra fees. A mistake in the account number is more serious because it can reach the wrong person; check it just as carefully.

A validity check by your bank only confirms that the IBAN exists – not that it belongs to the person you mean to pay. Some banks now check the name against the account. For a first payment, some people start with a small amount first before sending the rest.

Getting paid from abroad into a Banque Lombard Odier et Cie SA account

To receive an international payment into your account at Banque Lombard Odier et Cie SA, the person paying you has to have more than the SWIFT code. Give them the account holder’s name, the IBAN or account number, the BIC LOCYCHGGXXX and your address, which some banks require.

The sender’s bank might also ask for the address of your bank. A mistake in your account number is more trouble than it looks; copy them from your banking app rather than typing.

The amount you receive can be lower than what was sent. Charges on incoming payments differ from bank to bank; check the price list of Banque Lombard Odier et Cie SA. Make clear with the sender who covers the fees before the money is sent.

8 or 11 characters: LOCYCHGG versus LOCYCHGGXXX

The structure of a BIC is always the same: four characters for the institution, a two-letter country code and two for the location, sometimes followed by a branch code. That gives you LOCYCHGG.

The full version has three more characters for a branch or department. When those three characters are XXX, they simply mean the head office.

Enter the code in one piece, in upper case and without spaces. A wrong character can send the money to another bank, so copy it carefully.

International transfers from Banque Lombard Odier et Cie SA: the real cost

A bank transfer abroad can cost rather more than the listed fee. Besides the transfer fee, correspondent or intermediary banks can take a cut, and when currencies are converted the bank often applies a rate that is less favourable than the actual market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert using an exchange rate with a margin built in. A simple test: put the rate you get against the mid-market rate for the same moment and look at the difference.

For a lot of routes, a specialist provider is cheaper than a bank. GoldexPay compares these services next to each other, showing what actually arrives before you commit. Choosing a specialist does not require closing your account at Banque Lombard Odier et Cie SA.

About this information

This directory is compiled from public sources and is updated regularly. It is possible that a code here is no longer current after a merger or reorganisation. The figures we show reflect what is in our directory and not on information from Banque Lombard Odier et Cie SA itself.

Treat this page as a starting point, rather than as the last word. GoldexPay is an independent comparison site for money transfers and not part of Banque Lombard Odier et Cie SA. Spotted outdated information? Tell us through the contact page.

Swiss Franc (CHF) and conversion costs

Most accounts at Banque Lombard Odier et Cie SA are usually held in CHF, the local currency of Switzerland. If you send money in a different currency has to be converted at some point: by your bank, an intermediary or Banque Lombard Odier et Cie SA itself. You rarely see a separate line for the conversion – the cost sits in the rate.

Which bank converts the payment makes a difference, because each party uses its own rate. In many cases you pay less to send CHF directly via a transfer service with a good rate rather than letting the receiving bank convert.

Exchange rates change during the day – some services let you fix a rate in advance. If you pay regularly, a slightly better rate make a real difference over a year.

Euro transfers to Banque Lombard Odier et Cie SA: is a BIC needed?

Switzerland is a member of the SEPA area, where euro transfers follow common rules. When you send euros from another SEPA country, the IBAN is usually enough and the BIC is often filled in automatically.

The BIC still come into play when the currency is not euros, and for transfers from outside SEPA. If a payment form asks for the BIC anyway, entering LOCYCHGG does no harm.

Instant payments in euros are widely supported across SEPA. As long as the payment stays in euros, a SEPA transfer tends to be inexpensive; costs rise once a conversion is involved.

Transfer times and tracking a payment to Banque Lombard Odier et Cie SA

There is no fixed answer for international payments: many arrive the same day or the next, others take several business days. Weekends and public holidays in the sending or receiving country can add a day or more. Occasionally a bank wants to know about the purpose of a payment.

If a transfer seems delayed, ask your bank about the status or the UETR so they can trace it along the chain. Save the payment confirmation until the money has arrived.

If a payment has not arrived within the expected time, the sender should start with the bank that sent it rather than Banque Lombard Odier et Cie SA. Request from the sender a copy of the payment confirmation including the reference.

Banque Lombard Odier et Cie SA: head office code versus branch codes

With 4 codes in 1 locations, Banque Lombard Odier et Cie SA is one of the banks that use individual codes for parts of the organisation. The head office code is LOCYCHGGXXX.

Unless the recipient tells you otherwise, go with LOCYCHGGXXX. When you receive a specific code, use it as it is instead of swapping it for the head office code.

If you are not sure, check with the recipient which code their bank gave them. Branch codes can change over time, so a code from an old document is not always valid.