Docs

Switzerland

Bank account

Service specification

TypeDescription
Direct to Bank methodDirect 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.
Area availabilityRelated countries offered under SEPA EURO
Validation / Verification· No system validation on account available.
· The account number is using IBAN account number
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum 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 BeneficiaryNo restriction
Service ChargeTransaction 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 ProcessCancellation 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 Value1

Supported bank

NoNameIssuer Code
1SEPA SWITZERLAND PAYOUT410001

Telegraphic Transfer

Service Specification

TypeDescription
Direct to bank method Direct credit to bank accounts in US Dollar (USD) and Swiss Franc (CHF).
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 CHF transaction processed and credited before 6pm (Mon-Fri) GMT +8.

Transaction sent on Saturdays, Sundays or public holidays will be processed on next Swiss business day.

*Processing time may vary based on the beneficiary bank’s cut-off time.
Area availability Related countries offered under SEPA FRANC
Validation / Verification No system validation on account available.
Amount received Beneficiary received net amount as specified by sender.
Transaction limit
Types of limitAmount
Maximum per transactionN/A
Compliance accumulated limit per day per beneficiary (USD)USD 50,000.00
Compliance accumulated limit per day per beneficiary (CHF)CHF 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 CHF).

Branch code is optional. If included, please enter exactly 3 characters to avoid the transaction being rejected.
Do_Transfer bAccType Value 11

List of Swift Code

NoNameSwift Code
11875 FINANCEFNECCHG1
22XIDEAS AGXIDECHZ1
3AARGAUISCHE KANTONALBANKKBAGCH22
4ABANCA CORPORACION BANCARIA S.A., BCAGLCHGG
5ABB ASEA BROWN BOVERI LTDABBCCHZH
6ABB CAPITAL AGABBCCHZZ
7ABB E-MOBILITY AGEMOBCH22
8ABSOLUTE CAPITAL GROUP AGABPGCH21
9ACCELLERON SCHWEIZ AGTSSWCH22
10ACINO INTERNATIONAL AGACNOCHZZ
11ACREVIS BANK AGACRGCH22
12ADDAX ENERGY SAADDACHG1
13ADDAX ENERGY SAADDACHGG
14ADECCO GROUP AGADECCH2G
15AEK BANK 1826 GENOSSENSCHAFTAEKTCH22
16AGL-CEDAT MANAGEMENT SAGLAGHOCH22
17AGRO COMPANIES INTERNATIONAL SAACNRCHGG
18ALCIFINANCE SAALCECHG1
19ALCOM SECURITIES AGALCSCH21
20ALCON PHARMACEUTICALS LIMITEDAPHACH22
21ALIAS PARTNERS SCMMAHMCHG1
22ALL-IN FINANZ AGJUGFCHZ1
23ALLWYNALWYCH22
24ALPHA RHEINTAL BANK AGARBHCH22
25ALPIAN SAAPNACHGG
26ALTERNATIVE BANK SCHWEIZ AGABSOCH22
27ALTERNATIVE GESTION SAALEOCHG1
28AM-ONE AGAMOECH21
29AMICORP SHARED SERVICE CENTRE GMBHAMIBCH21
30AMINA BANK AGSCRYCH22
31ANLAGESTIFTUNG DER MIGROS-PENSIONSKANMICH21
32APPENZELLER KANTONALBANKAIKACH22
33AQUILA AGAQULCHZZ
34ARAB BANK (SWITZERLAND) LTDARBSCHZZ
35ARCUS FINANCEARFECHG1
36ASCENSIA DIABETES CARE HOLDINGS AGADCOCHBB
37ATLANTIC FORFAITIERUNGS AGAFCLCHZZ
38AUTHENTIC CAPITAL SAAUCPCHG1
39AUTONEUM HOLDING AGAUTNCH22
40AVERE COMMODITIES S.A.AVRCCH2V
41AVIENT SWITZERLAND GMBHCLPCCHBB
42AXA VERSICHERUNGEN AGAXIPCHZZ
43AXION SWISS BANK SAUNCECH22
44AXPO HOLDING AGAXPOCH22
45AXPO POWER AGNOKRCH21
46B AND I CAPITAL AGBNCPCHZ2
47BAADER HELVEA SAHELECHG1
48BALOISE ASSET MANAGEMENT AGBAAMCHBB