Abroad

Your partner for crossborder payment transactions

Find out more about PostFinance as your partner for crossborder payment transactions with broad coverage – the specialist in bulk and pension payments.

  • The Swiss franc – a safe, stable currency

    The Swiss franc is one of the most solid currencies on the global foreign exchange market. Stable economic developments in Switzerland have ensured that the franc's value remains steady and has not lost any of its popularity.

    PostFinance as your correspondent bank

    With PostFinance as your correspondent bank for Swiss francs you can reach customers around the world. Payments are sent to the beneficiary bank as directly as possible. What's more, as no third-party banks are involved, costs can be kept low. PostFinance’s direct link to the national clearing system allows it to process settlements quickly and securely via the CHF correspondent of the beneficiary bank and to make bookings directly to the correspondent’s account. To make use of this service, you require a CHF account at PostFinance. Account statements are available free of charge as a SWIFT FIN MT940 / MT950 message. Payments delivered before the cut-off time of 3 p.m. CET are sent to the beneficiary bank on the same day.

    PostFinance as standard settlement partner

    Upon opening the account, you can also use PostFinance as your standard settlement partner for Swiss francs worldwide. Credits on your account via SWIFT or Switzerland’s national clearing system will be advised by SWIFT FIN MT103 for commercial payments and SWIFT FIN MT202 for interbank payments. Payments delivered before 3 p.m. CET are processed on the same day to a desired BIC.

  • International cash payments are a particularly popular payment option in emerging economies and in countries with a long tradition of handling cash payments. Every household in the world can be reached with a cash payment. All you need is to open an account with us in CHF/EUR. PostFinance handles your order sent via SWIFT MT103 with the specific code /CHQB/ for cash payments and the ISO country code in field 72 via our networks. We combine traditional postal payments with standard banking products.

    In many countries, payments are processed by postal organizations with an extensive distribution network.  Usually cash is paid out directly to the recipient and  in the local currency. The price for cash transactions depends on the quantity and destination. Our destinations and processing currencies:

    Asia

    Japan
    JPY
    Philippines
    EUR
    Thailand
    EUR
    Vietnam
    USD

    Africa and Middle East

    Cape Verde
    EUR
    Israel
    EUR
    Morocco
    MAD
    Senegal
    EUR
    Togo
    EUR
    Tunisia
    TND

    South America and Canada

    Brazil
    EUR
    Canada
    CAD

    Europe

    Andorra
    EUR
    Albania
    EUR
    Austria
    EUR
    Bosnia & Herzegovina
    EUR
    Bulgaria
    EUR
    Croatia
    EUR
    Czech Republic
    CZK
    France incl. French Guiana, Reunion, Martinique, Guadeloupe, St.Pierre, Miquelon
    EUR
    Germany
    EUR
    Greece
    EUR
    Hungary
    EUR
    Ireland
    EUR
    Lithuania
    EUR
    Latvia
    EUR
    Monaco
    EUR
    Poland
    EUR
    Portugal
    EUR
    Romania
    EUR
    San Marino
    EUR
    Slovenia
    EUR
    Slovakia
    EUR
    Spain
    EUR
    Turkey
    EUR
    Ukraine
    EUR
  • Ideally suited products and systems

    Given our knowledge of the requirements and conditions, our systems and products are ideally suited for these sensitive payments. PostFinance reaches all households and accounts in Switzerland and is able to send cash or credit payments around the globe.

    Cash payments

    Maximum amount
    CHF 10,000 or equivalent in foreign currency (pay out currency is CHF)
    Encashment
    At all post offices in Switzerland
    Validity
    30 days from value date
    Expired payments
    Will be returned automatically within 40 days of value date
    Format
    MT103 with code CHQB in field 23E

    Credit payments

    Maximum amount
    No limit (credit currency for payment amount: CHF or EUR)
    Credit
    To all accounts in Switzerland
    Format
    MT102, MT103, no special requirements

    Transmission

    SWIFT Fin, SWIFT FileAct or bilaterally agreed formats.

    Payments to deceased persons

    If a person is deceased, the amount may be blocked by the Swiss authorities. PostFinance will try on a best effort basis to collect the amount from the heirs or the solicitor responsible.

    Life certificate

    PostFinance may support your bank to obtain officially confirmed life certificates from the pensioners.
    – We send letters in your customer’s name to beneficiaries.
    – Pensioners return the letter to PostFinance .
    – PostFinance verifies the information and provides it to you in a bilaterally agreed format.

    Reports

    Monthly invoice and STP reports.

    Implementation

    PostFinance provides assistance when implementing the service. There are no non-STP charges during the implementation period.

    Information on PostFinance Ltd

  • Payment systems

    Send us your payments via the leading international payment systems:

    • Use SWIFT FIN and/or FileAct connection
    • Use EUROGIRO – the leading network between banks and postal organizations for crossborder payments
    • Payments for third parties are forwarded to either SIC or euroSIC (the Swiss RTGS systems in CHF and EUR)

    Standard settlement instructions

    PostFinance identifier:
    BIC = POFICHBE
    SIC = 9000

  • If you have any questions, please contact us:

    PostFinance Ltd
    Interbank Payment Solutions
    Mingerstrasse 20
    3030 Berne
    Switzerland
    Tel. +41 58 667 96 14