ALTERNATIVE BANK SCHWEIZ AG, BIC/SWIFT Code Details
Address: AMTHAUSQUAI 21 OLTEN 4601, SWITZERLAND
General instructions for international payments to banks in SWITZERLAND:
Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address).Central Bank: For additional information, please refer to Swiss National Bank.Account Restrictions: Residents and non-residents are permitted to open and maintain domestic or foreign currency accounts either locally or abroad.SEPA: Strict formatting standards and SEPA guidelines exist in Europe regarding cross-border payments. IBA ... N and SWIFT BIC are required for all euro payments. SEPA standards apply for euro payments to beneficiaries with accounts in Switzerland.Payment Formatting Rules for CHF:Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials) and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials) and address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary.Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier, full name and address of the beneficiary bank. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxCHxx or xxxxCHxxxxx.Reason for Payment (SWIFT MT103 F70): Purpose of payment is recommended.Additional Information: Most transactions are electronic and processed the same day. Read more
IBAN: In Switzerland, the IBAN consists of 21 characters. The format is structured as CH2!n5!n12!c. The electronic format example is CH9876123456789123456 and the print format example is CH98 7612 3456 7891 2345 6.
Standard Settlement Instructions (SSI) contain the list of correspondent banks for each currency.
To track a SWIFT cross-border payment to or from ALTERNATIVE BANK SCHWEIZ AG, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.
We are doing our best to demystify cross-border payments, however Ohmyfin is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive a safe advise. ALTERNATIVE BANK SCHWEIZ AG may be a registered trademark or intellectual property owned by their respective holder. Their inclusion in this catalog is for informational purposes only and does not imply any affiliation, endorsement, or sponsorship. All rights to such trademarks are reserved by their respective owners.