Need to transfer money to Luxembourg? Considering a wire to transfer the money to Luxembourg? Before you ask your bank to do it, make sure you check out the wire transfer fees. It might come as a shock as to how much the costs will be and depending on the transfer amount, it might not be worth sending the money by bank wire transfer to send the money by other methods.
What makes it even worse is in addition to your financial institution charging a fee for sending the funds to a place in Luxembourg, the individual receiving the transfer of money will probably be charged a fee from their bank. One way to minimise the likelihood of the fee is to remit the international wire transfer in the currency of their account.
To initiate a bank wire transfer to Luxembourg, you may require a SWIFT code. These are unique codes for each financial institution and based on references such as the individual banking institution and country.
Bank wire details for Luxembourg
- Country – Luxembourg
- SWIFT Country Code – LU
- Central Bank Name – Banque centrale du Luxembourg
- Currency – Euro
- Currency Code – EUR