Swiss Franc (CHF) Payment Guide

Overview

Payment TypeSWIFT (Priority)Local (Regular)
Cut off time (UK Time)10:30amn/a
Delivery time frame0 daysn/a
Maximum payment sizeNo limitn/a
Payment SchemeSWIFTn/a
Destination countriesAny (excluding sanctioned)n/a
TracesYesn/a
RecallsYesn/a
Ultimate payer displayed?Yesn/a

Required Details

SWIFT (Priority) Payment

FieldIndividualCompanyPermitted DataNotes
Beneficiary Entity Type✓✓‘individual’ or ‘company’ only 
Beneficiary First Name✓✕1-255 characters* 
Beneficiary Last Name✓✕1-255 characters* 
Beneficiary Company Name✕✓1-255 characters* 
Beneficiary Address✓✓1-255 characters* 
Beneficiary City✓✓1-255 characters* 
Beneficiary Postcode✓✓1-12 characters*Only required when sending payments to Canada, Mexico and the USA.
Beneficiary State or Province✓✓1-255 characters*Only required when sending payments to Canada, Mexico and the USA.
Beneficiary Country✓✓2 letter ISO country code 
IBAN✓✓15-34 alphanumeric characters; spaces permittedIBAN must be used when sending payments to all IBAN countries. When sending to non-IBAN countries, account number must be used.
Account Number✓✓Varies per destination countryWhen sending payments to non-IBAN countries, account number must be used. IBAN must be used when sending to all IBAN countries.
CLABE✓✓18 digitsCLABE must be used instead of account number or IBAN when sending payments in any currency to Mexico. CLABE is the banking standard for the numbering of bank accounts in Mexico (equivalent to the Account Number in other jurisdictions).
BIC SWIFT✓✓Valid ISO 9362 SWIFT BIC code; 8 or 11 alphanumeric charactersBIC SWIFT must be used when sending payments to any country except the USA. When sending to the USA, ABA must be used.
ABA✓✓9 digitsAmerican banks are identified by a 9 digit ABA number, also known as ‘Routing Number’. The ABA should be valid for FedWIRE payments. Some ABA values are only valid for FedACH payments. Payments to FedACH-only ABAs will fail. The ABA is required for all payments to the USA.
Payment Currency✓✓3 letter ISO currency code 
Payment Amount✓✓Numeric amount 
Payment Reference✓✓1-255 characters*The scheme only supports 140 alphanumeric characters. The reference field will be truncated to fit this limit.
Payment Reason✓✓1-255 characters*The scheme only supports 140 alphanumeric characters. The reference field will be truncated to fit this limit.
Payer Entity Type✓✓‘individual’ or ‘company’ only 
Payer First Name✓✕1-255 characters* 
Payer Last Name✓✕1-255 characters* 
Payer Company Name✕✓1-255 characters* 
Payer Address✓✓1-255 characters* 
Payer City✓✓1-255 characters* 
Payer Postcode✓✓1-12 characters*Only required when sending payments to Canada, Mexico and the USA.
Payer State or Province✓✓1-255 characters*Only required when sending payments to Canada, Mexico and the USA.
Payer Country✓✓2 letter ISO country code 
Payer Date of Birth✓✕ISO 8601 format (YYYY-MM-DD). 
Payer Identification Type✕✓‘incorporation_number’ only 
Payer Identification Value✕✓1-255 characters* 

* Please note that non-supported characters will be transformed to EBCDIC equivalent or removed on a best endeavors basis in order to comply with the restrictions of the SWIFT payment network. The permitted characters on the SWIFT network are letters, numbers, spaces and the following symbols:
/ – ? : ( ) . , ‘ +

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