Luxembourg

Bank account

Service specification

Type	Description
Direct to Bank method	Direct credit to bank account in EURO (EUR). Supported beneficiary account type – Individual only. Supported sender type – Individual only.
Transaction Turnaround Time	- Real-time: 24x7 (within 15 minutes). - If the transactions hit under partner screening, it might take maximum 48 hours to completed (Business hours) - If the transaction reaches a compliance check on a non-business day, it will be processed on the next working day. - All transactions are processed via Instant SEPA (real-time), otherwise it will be rerouted to SEPA (T+0) for beneficiary banks that do not support Instant SEPA.
Area availability	Related countries offered under SEPA EURO
Validation / Verification	· No system validation on account available. · The account number is using IBAN account number
Amount received	Beneficiary received net amount as specified by Sender.
Transaction Limit	Maximum per Transaction EUR 999,999.00 Minimum per Transaction EUR 1.00 Compliance accumulated limit EUR 45,000.00 per day per Beneficiary Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Maximum Beneficiary	No restriction
Service Charge	Transaction Fee will be refunded on best effort basis once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation Process	Cancellation is on best effort basis.
Remarks	· Beneficiary address including Beneficiary City (bRegencyCode), and Beneficiary Postcode (bPostcode) are Mandatory Fields. · Beneficiary address (bAddress) must be the full address registered with the beneficiary bank. . Sender address including Sender City (sCity), and Sender Postcode (sPostcode) are Mandatory Fields. · Sender and Beneficiary DOB are Mandatory Fields · Registers of Participants in SEPA payment and payment related schemes \| European Payments Council: https://www.europeanpaymentscouncil.eu/what-we-do/be-involved/register-participants/registers-participants-sepa-payment-schemes > (please refer SCT Inst and SCT) There are list of industries that might lead the transaction screening: · Pharmacies selling copy products without proper authority approval, incl. e-pharmacies · Pornography industry (dating pages is as such acceptable) · Tobacco industry · Cannabis or other drugs in any form · Weapons in any forms, including dual-use goods. · Atomic power · Extractive industries · Precious metals and stones · Companies selling counterfeit or infringed products · Companies selling, storing or trading in Crypto currencies · Binary Option Traders · Pyramid schemes in any form · Unregulated charities · File sharing companies · Shell banks
Do_Transfer bAccType Value	1

Supported bank

No	Name	Issuer Code
1	SEPA LUXEMBOURG PAYOUT	352001

Telegraphic Transfer

Service Specification

Type

Description

Direct to bank method

Direct credit to bank accounts in US Dollar (USD) and Euro (EUR).

Supported beneficiary account type – Individual & business
Supported sender account type – Individual & business

Transaction turnaround time

*T+1 business days for USD transaction processed and credited before 6pm (Mon-Fri) GMT +8.

*T+1 business days for EUR transaction processed and credited before 6pm (Mon-Fri) GMT +8.

Transaction sent on Saturdays, Sundays or public holidays will be processed on next Luxembourger business day.

*Processing time may vary based on the beneficiary bank’s cut-off time.

Area availability

Luxembourg Nationwide

Validation / Verification

No system validation on account available.

Amount received

Beneficiary received net amount as specified by sender.

Transaction limit

Types of limit	Amount
Maximum per transaction	N/A
Compliance accumulated limit per day per beneficiary (USD)	USD 50,000.00
Compliance accumulated limit per day per beneficiary (EUR)	EUR 45,000.00

Maximum beneficiary

No restriction

Service charge

The transaction fee will be refunded on a best-effort basis after the transaction is accepted by the gloRemit® and forwarded to the payout channel.

Cancellation process

Cancellation is on best-effort basis.

Remarks

Beneficiary account currency must be the same with the currency of the transaction (USD or EUR).

Branch code is optional. If included, please enter exactly 3 characters to avoid the transaction being rejected.

Do_Transfer bAccType Value

List of Swift Code

No	Name	Swift Code
1	3S MONEY (LUXEMBOURG) S.A.	MOLULU22
2	3S MONEY (LUXEMBOURG) S.A.	MOLULU29
3	3S MONEY (LUXEMBOURG) S.A.	MOLULU55
4	ABN AMRO BANK (LUXENBOURG) S.A.,	ABNALU2A
5	ACCORINVEST GROUP S.A.	AHLULUL2
6	ACM FUND SERVICES S.A.	ACMFLUL1
7	ADEPA ASSET MANAGEMENT S.A.	ADAELUL2
8	ADVANZIA BANK S.A.	ADVZLULL
9	AFI.ESCA LUXEMBOURG S.A	AFIELULL
10	AGRICULTURAL BANK OF CHINA (LUXEMBO	ABOCLULL
11	AGRICULTURAL BANK OF CHINA (LUXEMBO	ABOCLULB
12	AI GLOBAL INVESTMENTS II AND CY S.C	GLVSLULL
13	ALCEDA FUND MANAGEMENT S.A	ALUALUL1
14	ALLEGRO S.A R.L.	ALLOLUL1
15	ALLFUNDS BANK S.A.U., LUXEMBOURG	ALLFLULL
16	ALMA CAPITAL INVESTMENT MANAGEMENT	ACNMLULL
17	ALPHA BANK S.A. - LUXEMBOURG BRANCH	CRBALULL
18	ALPHA INVESTOR SERVICES MANAGEMENT	AILULUL1
19	ALPHA ONE SICAV-FIS	ALOVLUL1
20	ALPHA WEALTH MANAGEMENT LUXEMBOURG	AWMULUL1
21	AMAZON PAYMENTS EUROPE S.C.A	AEUSLUL1
22	AMFIE - ASSOCIATION COOPERATIVE FIN	AMFELULL
23	AMNS LUXEMBOURG HOLDING S.A.	USINLUL3
24	AMUNDI LUXEMBOURG S.A.	PIANLUL1
25	ANDBANK ASSET MANAGEMENT LUXEMBOURG	AAMALULL
26	ANDBANK LUXEMBOURG S.A.	BACALULL
27	ANDREAS CAPITAL S.A.	SUXKLUL1
28	ANOA CAPITAL S.A.	ANCILUL1
29	APERAM TREASURY SCA	APAMLULL
30	APEX FUND SERVICES S.A.	APFSLU22
31	APICIL INVEST S.A.	SKIELUL1
32	APL EUROPE (LUXEMBOURG) S.A.R.L	APLXLUL2
33	ARCELORMITTAL	USINLUL1
34	ARGENTA ASSET MANAGEMENT S.A.	ARLULUL1
35	AROUNDTOWN S.A.	ARUTLULL
36	ARPEGGIO INVESTMENT CORPORATION	SCBALUL1
37	ASSENAGON ASSET MANAGEMENT S.A.	AASGLUL2
38	ASSOCIATED FOREIGN EXCHANGE IRELAND	CPYXLULL
39	ASSOCIATION DES BANQUES ET BANQUIER	LBBALUL1
40	ASSYA ASSET MANAGEMENT	ASENLUL1
41	ATTRAX FINANCIAL SERVICES S.A.	ATRXLULL
42	ATTRAX FINANCIAL SERVICES S.A. (FOR	UFSLLULL
43	AUDI LUXEMBURG S.A.	AULXLUL1
44	AUREA FINANCE SOPARFI	AUFILUL1
45	AXA ASSURANCE VIE LUXEMBOURG SA	AAVULUL1
46	AZ EURO INVESTMENTS S.A.	AZEULULL
47	AZIMUT INVESTMENTS SA	AZFMLULL
48	AZIMUT INVESTMENTS SA	AZFMLU21
49	AZIMUT INVESTMENTS SA	AZFMLUL2
50	B AND S GROUP S.A.	BSGPLULL
51	BANCO BRADESCO EUROPA S.A.	BBDELULL
52	BANCO BTG PACTUAL LUXEMBOURG S.A.	BTGSLUL1
53	BANCO INVERSIS S.A., LUXEMBOURG BRA	INVLLULL
54	BANCO SAFRA S.A., LUXEMBOURG BRANCH	SAFRLULL
55	BANCO SANTANDER (BRASIL) SA,	BSCHLULL
56	BANCO VOTORANTIM S.A. - LUXEMBOURG	BAVOLULL
57	BANK JULIUS BAER EUROPE S.A.	BAERLULU
58	BANK OF AMERICA EUROPE DAC, LUXEMBO	BOFALULL
59	BANK OF CHINA (EUROPE) S.A.	BKCHLULA
60	BANK OF CHINA LIMITED LUXEMBOURG	BKCHLULL
61	BANK OF COMMUNICATIONS (LUXEMBOURG)	COMMLULL
62	BANK OF COMMUNICATIONS CO., LTD. LU	COMMLULX
63	BANK OF TOKYO-MITSUBISHI UFJ	MUGCLUL2
64	BANK PICTET AND CIE (EUROPE) AG SUC	PICTLULX
65	BANKING CIRCLE S.A.	BCIRLULL
66	BANKINTER LUXEMBOURG S.A.	BKBKLULL
67	BANKINTER LUXEMBOURG S.A.	BKBKLULB
68	BANQUE CENTRALE DU LUXEMBOURG	BCLXLULL
69	BANQUE DE COMMERCE ET DE PLACEMENTS	BPCPLULL
70	BANQUE DE LUXEMBOURG SA	BLUXLULL
71	BANQUE DE PATRIMOINES PRIVES	BBPPLULL
72	BANQUE DEGROOF PETERCAM LUXEMBOURG	CDCBLUL1
73	BANQUE DEGROOF PETERCAM LUXEMBOURG	DEGRLULL
74	BANQUE ET CAISSE D'EPARGNE DE L'ETA	BCEELULL
75	BANQUE HAVILLAND S.A.	HAVLLULL
76	BANQUE INTERNATIONALE A LUXEMBOURG	BILLLULL