Questions and answers NetBanking

IBAN/IID

  • By providing the IBAN of the beneficiary, the error rate during bank transfers is decreased enormously, because with it the data can be processed automatically. This is also the main reason why it will become mandatory to provide the IBAN information in Switzerland.

  • In the upcoming years, banks will most likely charge an additional fee for payments made without the IBAN within Switzerland.
  • Providing IBAN and BIC information makes it possible to automatically process international payment orders. Without this information, additional fees are incurred abroad.