Make Payments and Receive Payments in CHF - Swiss Franc
Pay in Swiss Francs (CHF)
Mondial Change allows you to make international payments in CHF (Swiss Franc) with ease. Manage your Swiss Franc beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not apply any exchange commission on your CHF operations (a spread is applied on the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Swiss Franc (CHF)
Mondial Change allows you to receive payments in CHF (Swiss Franc). Payments in CHF are received in an account in your name with a dedicated IBAN. This CHF account with a nominative IBAN is provided to you free of charge. It allows you to receive payments in CHF from your clients or subsidiaries and also to hold Swiss Francs. The CHF can be reused to make payments in CHF. The CHF can also be converted into EUR or any other currency of your choice and repatriated to your bank account. The Swiss Franc (CHF) account can be located in France or other countries (see possible locations).
Do you want to hedge your exchange risk on the Swiss Franc (CHF)? Visit our dedicated page for CHF currency hedging.
Mondial Change Answers All Your Questions About Payments in Swiss Francs (CHF)
What is the timeframe for a CHF payment to be credited to the beneficiary's account?
It generally takes between 1 and 2 business days for a Swiss Franc transfer to be credited to the beneficiary's account. However, please note that these timeframes are not contractual, and our partners responsible for executing and routing payments cannot be held liable if CHF payments are credited beyond 2 business days to the beneficiary's account.
What are the fees for a Swiss Franc (CHF) payment?
The fees applied to Swiss Franc (CHF) transfers generally range from 0 to 10 euros, depending on the agreement made with Mondial Change's trading room. The rate primarily depends on your annual CHF exchange volume and the number of Swiss Franc payments made during the year.
Are there minimum or maximum amounts for Swiss Franc (CHF) payments?
Mondial Change and its partners verify that your Swiss Franc flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If restrictions apply to transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a Swiss Franc (CHF) payment?
For CHF payments via the SWIFT network, simply provide the following information:
• Full name of the beneficiary
• SWIFT/BIC code
• Account number
Is it possible to modify a Swiss Franc (CHF) payment after it has been executed?
Yes, it is possible with some of our partners to modify a Swiss Franc (CHF) payment even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
Is the Swiss Franc (CHF) account provided to you a bank account, and is it nominative?
The Swiss Franc (CHF) account for which we provide you with 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 labeled in your name, and the IBAN attached to the account is unique. You thus have a guarantee of segregation of your funds 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.
Is it possible to hold Swiss Francs (CHF) in the CHF account provided to you?
You can use this Swiss Franc (CHF) account to receive or store Swiss Francs. The funds can then be reused to issue Swiss Franc payments or be converted into other currencies. The account is also compatible for receiving CHF payments from e-commerce platforms like Amazon or payment systems like Adyen or Stripe.
What are the holidays when Swiss Franc (CHF) payments cannot be executed?
January 1st: New Year's Day (Neujahr / Capodanno / Nouvel An)
January 2nd: Saint-Berchtold (Berchtoldstag – depending on canton)
Variable date: Good Friday (Karfreitag)
Variable date: Easter Monday (Ostermontag / Lunedì di Pasqua)
Variable date: Ascension (Auffahrt)
Variable date: Whit Monday (Pfingstmontag)
August 1st: Swiss National Day (Bundesfeier / Festa nazionale)
Variable date: Corpus Christi (Corpus Christi – depending on canton)
August 15th: Assumption (depending on canton)
November 1st: All Saints' Day (depending on canton)
December 8th: Immaculate Conception (depending on canton)
December 25th: Christmas (Weihnachten / Natale / Noël)
History of the Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland, a country located in Central Europe. It is also used in the Principality of Liechtenstein, as well as in certain regions of Italy and Germany. Known for its stability and reliability, the Swiss Franc attracts many investors worldwide. It is coded according to the ISO 4217 standard as CHF and is divided into 100 centimes. The symbols Fr. or CHF are used to represent it. The Swiss National Bank is responsible for issuing the currency and the country's monetary policy.
Monetary Policy of the Swiss Franc
The Swiss National Bank (SNB) is responsible for the monetary policy of the Swiss Franc. Its main objective is to ensure price stability in the country. To achieve this goal, the SNB implements various instruments and measures. Among them, the key interest rate plays a central role. Known as the three-month LIBOR rate, it serves as a reference for the interest rates applied by commercial banks in Switzerland. The SNB also intervenes in the foreign exchange market to regulate the exchange rate of the Swiss Franc against other currencies. It can buy or sell currencies to maintain the stability of the Swiss Franc's rate. Furthermore, the SNB closely monitors the economic and financial developments of the country, as well as external factors, to adjust its monetary policy accordingly. Additionally, it regularly communicates its decisions and objectives to ensure transparency and confidence in its actions.
Particularities of the Swiss Franc
The Swiss Franc (CHF) has several particularities that distinguish it from other currencies. Firstly, its stability and solidity are widely recognized thanks to the prudent monetary policy of the Swiss National Bank. As one of the safest currencies in the world, the Swiss Franc is sought after by investors during periods of economic uncertainty. Moreover, it plays an important role as a reference value in international finance, particularly in the banking and wealth management sectors. Another particularity of the Swiss Franc is its tendency to be less volatile than other currencies, making it an attractive choice for hedging and risk management operations.