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 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 & company
Supported sender account type - Individual & company

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 Belgian business day.

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

Area availability

Related countries offered under SEPA EURO

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
9	ADVANZIA BANK S.A.	ADVZLULL
10	AFI.ESCA LUXEMBOURG S.A	AFIELULL
11	AGRICULTURAL BANK OF CHINA (LUXEMBO	ABOCLULL
12	AGRICULTURAL BANK OF CHINA (LUXEMBO	ABOCLULB
13	AI GLOBAL INVESTMENTS II AND CY S.C	GLVSLULL
14	ALCEDA FUND MANAGEMENT S.A	ALUALUL1
15	ALLEGRO S.A R.L.	ALLOLUL1
16	ALLFUNDS BANK S.A.U., LUXEMBOURG	ALLFLULL
17	ALMA CAPITAL INVESTMENT MANAGEMENT	ACNMLULL
18	ALPHA BANK S.A. - LUXEMBOURG BRANCH	CRBALULL
19	ALPHA INVESTOR SERVICES MANAGEMENT	AILULUL1
20	ALPHA ONE SICAV-FIS	ALOVLUL1
21	ALPHA WEALTH MANAGEMENT LUXEMBOURG	AWMULUL1
22	AMAZON PAYMENTS EUROPE S.C.A	AEUSLUL1
23	AMFIE - ASSOCIATION COOPERATIVE FIN	AMFELULL
24	AMNS LUXEMBOURG HOLDING S.A.	USINLUL3
25	AMUNDI LUXEMBOURG S.A.	PIANLUL1
26	ANDBANK ASSET MANAGEMENT LUXEMBOURG	AAMALULL
27	ANDBANK LUXEMBOURG S.A.	BACALULL
28	ANDREAS CAPITAL S.A.	SUXKLUL1
29	ANOA CAPITAL S.A.	ANCILUL1
30	APERAM TREASURY SCA	APAMLULL
31	APEX FUND SERVICES S.A.	APFSLU22
32	APICIL INVEST S.A.	SKIELUL1
33	APL EUROPE (LUXEMBOURG) S.A.R.L	APLXLUL2
34	ARCELORMITTAL	USINLUL1
35	ARGENTA ASSET MANAGEMENT S.A.	ARLULUL1
36	AROUNDTOWN S.A.	ARUTLULL
37	ARPEGGIO INVESTMENT CORPORATION	SCBALUL1
38	ASSENAGON ASSET MANAGEMENT S.A.	AASGLUL2
39	ASSOCIATED FOREIGN EXCHANGE IRELAND	CPYXLULL
40	ASSOCIATION DES BANQUES ET BANQUIER	LBBALUL1
41	ASSYA ASSET MANAGEMENT	ASENLUL1
42	ATTRAX FINANCIAL SERVICES S.A.	ATRXLULL
43	ATTRAX FINANCIAL SERVICES S.A. (FOR	UFSLLULL
44	AUDI LUXEMBURG S.A.	AULXLUL1
45	AUREA FINANCE SOPARFI	AUFILUL1
46	AXA ASSURANCE VIE LUXEMBOURG SA	AAVULUL1
47	AZ EURO INVESTMENTS S.A.	AZEULULL
48	AZIMUT INVESTMENTS SA	AZFMLULL
49	AZIMUT INVESTMENTS SA	AZFMLU21
50	AZIMUT INVESTMENTS SA	AZFMLUL2
51	B AND S GROUP S.A.	BSGPLULL
52	BANCO BRADESCO EUROPA S.A.	BBDELULL
53	BANCO BTG PACTUAL LUXEMBOURG S.A.	BTGSLUL1
54	BANCO INVERSIS S.A., LUXEMBOURG BRA	INVLLULL
55	BANCO SAFRA S.A., LUXEMBOURG BRANCH	SAFRLULL
56	BANCO SANTANDER (BRASIL) SA,	BSCHLULL
57	BANCO VOTORANTIM S.A. - LUXEMBOURG	BAVOLULL
58	BANK GPB INTERNATIONAL S.A.	GAZPLULL
59	BANK JULIUS BAER EUROPE S.A.	BAERLULU
60	BANK OF AMERICA EUROPE DAC, LUXEMBO	BOFALULL
61	BANK OF CHINA (EUROPE) S.A.	BKCHLULA
62	BANK OF CHINA LIMITED LUXEMBOURG	BKCHLULL
63	BANK OF COMMUNICATIONS (LUXEMBOURG)	COMMLULL
64	BANK OF COMMUNICATIONS CO., LTD. LU	COMMLULX
65	BANK OF TOKYO-MITSUBISHI UFJ	MUGCLUL2
66	BANK PICTET AND CIE (EUROPE) AG SUC	PICTLULX
67	BANKING CIRCLE S.A.	BCIRLULL
68	BANKINTER LUXEMBOURG S.A.	BKBKLULL
69	BANKINTER LUXEMBOURG S.A.	BKBKLULB
70	BANQUE CENTRALE DU LUXEMBOURG	BCLXLULL
71	BANQUE DE COMMERCE ET DE PLACEMENTS	BPCPLULL
72	BANQUE DE LUXEMBOURG SA	BLUXLULL
73	BANQUE DE PATRIMOINES PRIVES	BBPPLULL
74	BANQUE DEGROOF PETERCAM LUXEMBOURG	CDCBLUL1
75	BANQUE DEGROOF PETERCAM LUXEMBOURG	DEGRLULL
76	BANQUE ET CAISSE D'EPARGNE DE L'ETA	BCEELULL
77	BANQUE HAVILLAND S.A.	HAVLLULL
78	BANQUE INTERNATIONALE A LUXEMBOURG	BILLLULL