Transfers in BILnet - Help

Due to a security system built into BILnet, a country must be activated before you can transfer money to that country online. Change the list of countries yourself by accessing the Personal Area of your left-hand BILnet menu at any time, or by contacting the BILnet technical hotline via secure messaging or by calling 00352 4590 4590 (8 a.m. to 7 p.m. Mondays to Fridays) to request access.

Due to a security system built into BILnet, the amount that you can transfer online is limited. This amount is indicated in your BILnet contract and can be consulted by clicking on Daily limits under the Personal area menu. You can alter these daily transaction limits at any time by going to the BILnet Personal Area menu.

Click on the New transfer icon.

Choose the account from which you wish to make a transfer to a beneficiary.

Choose one of the three tabs: Own account, Existing beneficiary or New beneficiary.

1.Choose the account you wish to debit

2.Choose the account you wish to credit.

3.Enter the transfer amount and currency (by default: euro). N.B.: the payment must be made in the currency of one of the two accounts.

4.Enter the execution date (by default: current date). You can also schedule a transfer to be executed on a given date within 12 months of registering it.

5.Optional: enter a message for your transfer: your choice of text (e.g. salary, invoice payment, etc.). 4 fields with 35 characters are available. Start using the first field.

5.Optional: choose if you wish to receive a debit advice (“no” is ticked by default).

6.Validate your transfer. Your login codes are not required for transfers between your own accounts.

For approximately 5 minutes after setting up the transfer, you can cancel it by going into the list of transfers.

You can check the status of a transfer by going to the "List of transfers".

When you make a new transfer, the Existing beneficiary is displayed by default. For your convenience, you do not have fill in the account number.

1.Select one of your usual beneficiaries either by searching for them by typing the first few letters of their name (predictive input) or their full name in the To Account field or by clicking on the drop-down menu.

You can amend the details (name or account number) of your beneficiary by clicking on Amend.

2.Enter the transfer amount and currency (by default: euro). N.B.: the payment must be made in the currency of one of the two accounts.

3.Enter the execution date (by default: current date). You can also schedule a transfer to be executed on a given date within 12 months of registering it.

4.Optional: enter a message for your transfer: your choice of text (e.g. salary, invoice payment, etc.). 4 fields with 35 characters are available. Start using the first field.

5.Optional: choose if you wish to receive a debit advice (“no” is ticked by default).

6.Validate your transfer. Your login codes are not required for transfers to an existing beneficiary.

For approximately 5 minutes after setting up the transfer, you can cancel it by going into the list of transfers.

You can check the status of a transfer by going to the List of transfers tab.

To transfer money to a new account, click on the New beneficiary.

Tip:

Register your most frequent beneficiaries to save time whenever you make a transfer using BILnet or BILnet Mobile. Simply tick the Register beneficiary box when entering information on a new beneficiary.

1. Select the destination country for the transfer.

Enter:

2. The beneficiary's account number in IBAN format (enter the 2 letters and the figures of the account number in a single block, with no spaces, dashes or other characters).

3. The beneficiary’s name.

4. The amount in euro.

5. Optional: a message for your transfer: your choice of text (e.g. salary, invoice payment, etc.).

6. The execution date is shown as the current date by default. You can also schedule a transfer to be executed on a given date within 12 months of registering it.

7. Optional: choose if you wish to receive a debit advice* (“no” is ticked by default).

8. Validate your transfer.

You can check the status of a transfer by going to the "List of transfers" tab.

For approximately 5 minutes after setting up the transfer, you can cancel it by going into the list of transfers.

Select the destination country for the transfer.

If you have the IBAN* account number of your beneficiary

Enter:

1. The beneficiary's account number in IBAN format for all SEPA* zone countries (enter the 2 letters and the figures of the account number in a single block, with no spaces, dashes or other characters)

2. The beneficiary’s name.

3. The amount, selecting the currency.

4. Optional: an optional message for your transfer: your choice of text (e.g. salary, invoice payment, etc.).

5. The execution date is shown as the current date by default. You can also schedule a transfer to be executed on a given date within 12 months of registering it.

6. Responsibility for fees*. See glossary below.

7. Optional: choose if you wish to receive a debit advice (“no” is ticked by default)

8. Validate your transfer.

If you do not have an IBAN* account number

1. Tick the account format: standard.

Enter:

2. The account number in the standard format including the BIC/Swift code* of the beneficiary bank or the NSC* if the transfer is to the US.

3. The name of the bank.

4. The beneficiary's name.

5. The amount, selecting the currency.

6. The execution date is shown as the current date by default. You can also schedule a transfer to be executed on a given date within 12 months of registering it.

7. Optional: a message for your transfer: your choice of text (e.g. salary, invoice payment, etc.).

8. Responsibility for fees*.

9. Optional: choose if you wish to receive a debit advice (“no” is ticked by default)

10. Validate your transfer.

You can check the status of a transfer by going to the List of transfers.

For approximately 5 minutes after setting up the transfer, you can cancel it by going into the list of transfers.

For operational reasons, transfers or standing orders requiring a foreign exchange transaction cannot be executed between 17:30 and 09:00 and are only taken into account on the following business day at the rate prevailing when the markets open. Any transfer or standing order created during this time period may be cancelled in the five minutes following its submission.

Responsibility for fees

1. For Eurotransferts* (euro transfers within the SEPA zone):
By default, the transfer fees are shared between yourself and the beneficiary. This applies to all Eurotransferts made by any bank within the SEPA zone (all EU countries as well as Iceland, Liechtenstein, Monaco, Norway and Switzerland).
In any case, the transaction is carried out in full:
Banque Internationale à Luxembourg and the beneficiary bank must transfer the total payment amount and refrain from deducting any fees from the transfer amount. It is possible, however, in certain exceptional cases, that the beneficiary may have agreed with their bank that it may deduct its fees from the transfer amount before crediting the beneficiary.

2. For transactions other than Eurotransferts:
You are free to choose between the three following options:
a) Shared (SHA): BIL transaction charges are payable by the ordering client, the receiving bank’s charges are payable by the beneficiary. This is the only possible choice for the United States.
b) Payable by the ordering client (OUR): BIL transaction charges and the receiving bank’s charges are payable by the ordering client; the full amount of the transfer is therefore credited to the beneficiary.
c) Payable by the beneficiary (BEN): BIL transaction charges and the receiving bank’s charges are payable by the beneficiary.

Payment currency

Selection of currency in which the transfer will be made.

Execution date

You can schedule a transfer to be executed on a given date within 12 months of registering it.

Debit advice

In addition to your account statement, an advice note informing you that the transfer has been completed is sent to you by post or via BILnet's "zero paper" service in PDF format.

IBAN

In Luxembourg, entering the bank account in IBAN format is mandatory. Entering international transfers/standing orders in IBAN format is operational for most countries and highly recommended in order to benefit from preferential rates.

SEPA zone

All European Union countries as well as Iceland, Liechtenstein, Monaco, Norway and Switzerland.

BIC/SWIFT code

The BIC/SWIFT code is used to refer to a bank in national and international payment systems by identifying its name and its geographical location. Entering the BIC/SWIFT code enables transfers and standing orders to be processed automatically and dispenses with the need to provide the name and address of the bank. Furthermore, if you enter the name of the bank and the BIC/SWIFT code, only the latter will be taken into account when executing your payment order.

NSC

The NSC (National Sort Code), also called the Bankleitzahl, National Clearing Code or National Clearing System Code depending on the country, is a code which refers to the bank and the beneficiary's branch. N.B.: given that an account number entered in IBAN format automatically includes the beneficiary's bank code, it is unnecessary to enter the NSC. The latter is therefore not taken into account when executing your payment order.

Eurotransfer fee schedule

The BIL Eurotransfer fee schedule only applies if the account number is entered in IBAN format and the transfer currency is the euro. If one of these conditions is not met, you will be charged additional fees. For further information, please consult our fee schedules under the Useful Information section.

Do you have more questions?
Please contact the Technical Hotline using secure messaging or by calling +352 4590 4590 between 8 a.m. to 7 p.m. on business days.