Wire transfer is the fastest mode of receiving money in your Luzerner Kantonalbank (Switzerland) account from abroad. You can receive money into your Luzerner Kantonalbank account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.
International Wire Transfer to Luzerner Kantonalbank
International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in Switzerland) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.
Incoming International Wire Transfer Instructions
To receive international wire transfer in your Luzerner Kantonalbank account, please provide the following wire instructions to the sending financial institution:
|Bank Name:||Luzerner Kantonalbank AG Switzerland|
|SWIFT BIC Code for Luzerner Kantonalbank:||LUKBCH2260A|
|Post Account Connection:||60-41-2|
|Bank clearing number:||00778|
|Bank Address:||Luzerner Kantonalbank AG|
|Beneficiary Account Number:||Your complete Luzerner Kantonalbank account number|
(including leading zeros, if any)
|Beneficiary Name:||The full name of your account as it appears on your statement|
|Beneficiary Address:||Your complete address|
Note of Caution on Fees: If your money transfer involves currency conversion, there is a high chance you will get a poor exchange rate from the banks and as a result pay high hidden fees.
Outgoing International Wire Transfer Instructions
To send international wire transfer from your Luzerner Kantonalbank account, You need to know the following information about the person or company receiving the money:
1. The recipient’s account name and address
2. The recipient’s IBAN or account number
3. The name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code
Incoming Wire Transfer Fees for Luzerner Kantonalbank Switzerland
International Incoming Wire Transfer Fees for Luzerner Kantonalbank is as follows:
|Incoming Wire transfer Fees||Third-party costs such as postal charges or fees|
other banks will be charged
Outgoing Wire Transfer Fees for Luzerner Kantonalbank Switzerland
International Outgoing Wire Transfer Fees for Luzerner Kantonalbank is as follows:
|E-Banking per SEPA order||Free|
|E-Banking per non-SEPA order||CHF 4.00 per order|
|Multi currency order (Structured)||CHF 15.00 per order|
|Payment order (Unstructured)||CHF 20.00 per order|
Apart from the wire transfer fees, if the transfer involves currency conversion, banks make money on currency conversion as well by giving retail conversion rates to you which is usually 1-2% lower than the market rate. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.
Wire Transfer Cutoff Time for Luzerner Kantonalbank Switzerland
1. The Cut-off Time for Luzerner Kantonalbank differs. Please visit your nearest branch for cut-off time.
2. Any requests received after cutoff time will normally be processed the next working day.