Lookup for BIC Code/ SWIT Code in Switzerland

Officially name:Swiss Confederation (CH)

Capital: Bern

National currency: Swiss franc (CHF)

Cancellation: It is common practice in Switzerland to accept cancellations on a best effort basis with time or amount sensitive payment orders given top priority.

Stop Payment of Cheques: Stop payment requests will be executed, provided the cheque has not been honoured. The stop payment request is valid for a period of six months.

Value Date(s): It is common practice in Switzerland that funds in Swiss francs are made available to the beneficiary or the bank of the beneficiary with same-day value, provided the payment order has been received prior to the cut-off time.

Note: For foreign currency conversions into Swiss francs, it is common practice in Switzerland to round the fractional remainders of Swiss franc amount to the nearest five rappen (cents). For example CHF 10.88 would become CHF 10.90. In order to improve the automatic processing of payment orders and to implement different pricing scheme options, some banks may request payment orders to conform to specific formatting rules. However, it should be noted that none of these preferences violate S.W.I.F.T.’ standards, they are merely suggested regulations. Please contact your Swiss correspondent for information as to how these specific regulations can positively impact you.
In addition to these generally recognised holidays there is a number of bank holidays which are only observed in some cantons or even only in some communes.