Open a CHF Account - Swiss Franc

To open an account, it's very simple.

1. Send us your request to open a CHF account via the form on the left or through the account opening form. We will contact you to schedule a phone call to fully understand your needs regarding CHF flows.
2. Following this exchange, we assist you with the administrative formalities to open access to the services of one of our partners, selected based on your needs. We remain your sole point of contact for the entire client relationship.
3. Once access to the services is validated, you can request the opening of your Swiss Franc account and any other eligible currency. The banking details of your CHF account are generally provided within minutes, and you can start receiving and making payments in CHF (Swiss Franc).
4. If your business evolves and you have needs in other currencies, you can request the addition of an account in another currency at any time.

The Swiss Franc (CHF) account for which we provide the details is not a bank account per se because the account-holding institution is not a bank but a partner payment institution. These accounts are in your name, and the IBAN linked to the account is unique. You thus have a guarantee of fund segregation in the books of our partners. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please consult the page related to opening a Swiss Franc (CHF) account for more information.

It may be useful for your CHF (Swiss Franc) account to be located in France or, conversely, in another country, depending on your operational needs and the location of your clients. This is why we allow great flexibility in the location of currency accounts. The CHF (Swiss Franc) account can be located in the following countries of your choice:

• France
• United Kingdom
• Belgium
• Netherlands
• Luxembourg

You can consult the updated table of possible CHF (Swiss Franc) account locations here: account locations

You can use this Swiss Franc account to receive or store CHF as long as your account is active. You are automatically notified by email each time a Swiss Franc transfer is received in your CHF account. You can then freely reuse these CHF to make CHF payments to your suppliers or convert your Swiss Francs, benefiting from very competitive exchange rates. There is no obligation to move funds on the accounts. 

Foreign currency payment collection systems like Adyen, Stripe, PayPal, Hipay, or internal marketplace systems like Amazon Pay are widely used by companies conducting international transactions. These systems are efficient, but if you do not have an account in the collected foreign currency, your income in that currency is automatically converted to euros at a often very unfavorable exchange rate, and even when you have a bank account in the collected currency, this account often needs to be located in the country where the sale is made, which can be complicated with a traditional bank. Some of our partners offer currency accounts compatible with most marketplaces and collection systems.

You can find all eligible currencies for opening a currency account by visiting this page.

It is not possible to deposit checks or cash into your CHF (Swiss Franc) account. Only bank transfers are accepted for transactions on the account. No bank card can be linked to the account at the moment.

Account statements detailing all Swiss Franc operations can be downloaded at any time from the online interface. These statements include maximum information on beneficiaries, the origin of funds, related exchange operations, to facilitate the work of your accounting department.

All account statements can be automatically integrated into your treasury software or ERP via MT940 files. You will find all CHF (Swiss Franc) movements in your software, and you do not even need to connect to our online interface to obtain the updated balance of your CHF (Swiss Franc) account. Our technical teams can also automate the processing of currency payment files provided by your TMS / ERP.