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Currency for Switzerland - Swiss BIC or SWIFT code Format

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The Swiss Franc (CHF; symbol SFr) = 100 cents. (called centimes in French, rappen in German and Centesimi in Italian). Although Switzerland operates its own currency it still accepts the euro. Notes are in denominations of SFr 1,000, 200, 100, 50, 20 and 10. Coins are in denominations of SFr5, 2 and 1, and 50, 20, 10 and 5 centimes.

The IBAN includes various codes, like your branch and account numbers. This is a standard system for sending payments across Europe. Swiss IBAN has 21 characters. Starting with 'CH' followed by 19 characters. In addition, found on your bank statement. Along with your BIC or SWIFT code.

There are further technical details below, although the Currency providers will take care of ensuring payment details are in the correct format before initiating any payments on your behalf.

Swiss IBAN Format: CHkk BBBB BCCC CCCC CCCC C

B = Bank Code
C = Account No.
k = Check Digits

The BIC (Bank Identifier Code) or SWIFT code are made up of 8 or 11 characters and should mirror the following format;

Swiss BIC or SWIFT code Format: BBBBCCLL or BBBBCCLLDDD

B = Bank Code (Only Letters)
C = Country Code 'CH' (Only Letters)
L = Location Code (Letters & Digits)
D = Branch Code Optional ('XXX' for Head Office - Letters & Digits)

Swiss BIC or SWIFT code Format

Use our comparison website Send Money Home to see who can assist you in your currency exchange see which company ticks all the boxes when it comes to sending your money to Switzerland. There are so many companies available but ensure you are getting the best currency exchange rate and are offering no money transfer fees over 5,000 to 10,000.

Receiving and Sending money home to Switzerland is easy just choose which company you want to use and complete the online application form. Once submitted you may need to provide confirmation of ID. This requirement is standard for the Inland Revenue and the FCA to confirm who you are and to protect your money. Once your account opened you can then confirm a currency rate and transfer funds. It all sounds like it will take time but in fact, in an account opened in 10 minutes if you have your passport and proof of ID with you.

Ensure you get the best rate, remember you are not the expert they are so asking as many questions as you need getting expert advice all the way.

All of the currency providers listed on Send Money Home Website have vetted by sendmoneyhome.co.uk. All currency providers are regulated by the Financial Services Authority (FSA) and operate segregated client accounts. When you need to send money to Switzerland consider using one of these companies and save money compared to using your high street bank.

Sending Money to Switzerland? When you click the ‘Open an Account / Get a Quick Quote’ button. Be directed to the currency providers website to open an account for sending money to Switzerland.

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