CHF transfers

#1

Did recently somebody tried a CHF transfer to a CHF bank account? How high were the fees?

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#2

It depends on the fees applied by your bank for transfers, we don’t have an answer.
FYI There is a local CHF IBAN now

#3

I know that there is local IBAN for topping-up. But is there a local IBAN for sending funds (on Revolut’s side)?

#4

no
https://www.currencycloud.com/support/currencies/

#5

I’ve done it (CHF sent from Revolut to CHF account in Polish bank)- without any fee.

#6

I have asked support about it this week and the answer was:

  • All transfers in CHF to Swiss bank accounts will be send by Revolut as “SWIFT SHA” (shared costs). Meaning, there might be a fee taken from the transferred amount by an intermediary bank.

So I stopped using Revolut for transfers until there is a better solution in place.

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#7

Do you know since when they’re doing this?

#8

My last feeless transfer was the 22.03. The next transfer on the 26.03 was charged CHF 12.-

#9

Can I ask which bank you’re using?

#10

Those transactions were done from :r: to Cler via CS. It was CS who charged CHF 12.-

#11

Who confirmed the path the money took? Up till nowi never for any decent information from Revolut not the recipient bank which intermediate banks were involved.

#12

It was Cler that gave me the information… They were very helpful… They even took the time to compare several transactions to see what changed…

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#13

I just sent CHF 50.- from Rev (CHF account) to Raiffeisen CH
(CHF-account), no fee at all… (14may2019, using “normal transfer”)

#14

Hi siri,
That is great! Do you have some more details about the transfer? It would be interresting to know if :r: changed the way they handle swiss payments again… like the fees OUR instead of SHA or if the payments are now local or still SWIFT…

#15

I asked support yesterday; they said payments are sent by CS (not intermediary bank)

#16

Ok, that would be great news… Can someone confirm this? @siri can you confirm that your transfer was SIX and not SWIFT?

#17

That was yesterday, I haven’t tested it yet…

#18

Great… I will try it later… and I will let you know about the result… Keep your fingers crossed :wink:

#19

Actually, before sending money I wanted to be sure that the information is correct, so I contacted the support. First they said as well that the payment is local, when I asked to confirm that there are no fees whatsoever I was told that since it is Switzerland, the transfer is SWIFT and fees may be applied… So I wait to test it until I get confirmation that it is really local…

#20

it’s really sad we can’t even trust the support on this :expressionless:

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