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

  • Efficient payment processing with added value

    PostFinance processes all types of payments (including foreign currency) and covers all accounts in Switzerland.

    Your payments are converted into Swiss francs at an attractive exchange rate. You receive a statement containing all the payment details. Payments to third-party banks are carried out directly via a national clearing system. Payments that do not need to be converted are returned to the customer. You also have the option to forward payments without conversion to the recipient bank.

    With straightforward tools, PostFinance gives you the option to define payments that do not require automatic conversion.

    • Exception: specific types of payments may not be included in the service.
    • Filter: the transfer amount may be limited, i.e. only payments up to the specified amount will be converted.
    • Overriding element: no exchange on the basis of bilaterally agreed instructions.

    Example

    1. You send all payments in different currencies to PostFinance in Switzerland.
    2. PostFinance processes the payment either by:
      • crediting the amount to a PostFinance account (with or without conversion, depending on the account currency) or
      • converting the amount into CHF and forwarding it to the recipient bank. You can specify exceptional cases for payments that do not need to be converted using predefined criteria and filters.
    3. If the payment does not require conversion, it will be returned to the sender bank.
    4. The recipient bank receives the payment in CHF and credits the account.
    5. Upon request, PostFinance can return a part of the income to you. PostFinance sends you a detailed monthly statement containing information on the transactions, income, prices, etc.
  • 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