IBAN for Switzerland

On my CHF account, in the details, I used to have the IBAN of Revolut in Switzerland with a reference number. It was free of charge from my bank in Switzerland to make a transfer to my Revolut account.

Now , the IBAN shown is my IBAN in GB.

I wonder if it is no longer possible to transfer CHF via the accounnt of Revolut in Switzerland ?

Yes, the LOCAL tab disappeared. And it says “virements transfrontaliers uniquement” (cross-border credit transfer only)

I just received a message from Revolut, that the local bank details are only available to Swiss residents at the moment, and that they have previously been displayed to non Swiss residents in error.
I believe that is the reason it disappeared.

Check you chat messages if you have got the same.Screenshot_20190809-132302

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It seems like my “Local” tab disappeared for all my accounts and only the tab that I can see is with “For cross-border transfers only” and GB IBAN for SWIFT transfers

It surely still is possible as it is there for me and @OliverCH.
The only way to find out why it disappeared for you is to ask the customer service.

Mine got removed today with the same message :frowning:

It’s really annoying. In short if you have a UK address listed in the app then you will be able to make online purchases… many verifications check the billing address post code. BUT you will not be able to have a Swiss IBAN.

If you have a Swiss address you can have a Swiss IBAN but many verifications for card transactions will fail. At least they do for me in Zug (6300).

Sucks…

So I will switch back to Transferwise to CHF and just use Revolut for € and £…

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to be honest, i think the stance of “local accounts only available for local residents” is pure bullshit no matter what country

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It’s a limitation imposed by their partners offering the details based on local regulation and their individual contracts

Unfortunately we just have to suck it up and have others sign up to Revolut, rather than using Revolut as the bridge to local transfers I guess the intended use is to transfer between Revolut users from different countries and then have them transfer to their local accounts

Revolut not caring about the fact that the currencycloud does not even offer local transfers in all supported countries (non-€ oney) to send money from Revolut clearly show that they only care about the way the money comes in.

Hello All,

I have the same problem. The Local tab has disappeared on my account too. Customer support says CHF IBAN is only available to Swiss resident and my Revolut account is registered in France. @Daidai and @OliverCH is your Revolut account registered in Switzerland?

Hello,
am not sure this is the best threat for this post but I think there are many people here with experience in this and you will be able to help, hopefully.
I am living in Spain and I am receiving a scholarship from Switzerland (in CHF) to live for a while in Israel.
I made the revolut account because in theory it is possible change currency myself without paying a comission for it but I am a bit confused about the comission for the transferences. At Revoult they say that they will not charge a comission but maybe the original bank or a bank in the middle would charge a comission for transferring…
As I am not swiss resident my IBAN starts with GB so I don´t know if it is possible not to change the currency in the way to my account… Revolut said I can receive the money in CHF in my account but I am afraid that they make even another change CHF-EUR/GBP-CHF.
What I am really intereste in is in knowing if, for example, my scholarship is 1000 CHF transfered from a swiss bank into my revolut account I will receive that same amount of money in my revolut account with a GB IBAN (the app says I can only receive SWIFT transferences).
Then I need to change the money into Israeli shekels but I think it should be free of charge as I should be able to do it myself in the app, isnt it?
Thanks for helping.

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Yes… they also did that to the Liechtenstein users. Now as Liechtensein is part of the Swiss banking system, not the EU banking system, transferring via Swift to the GB account is prohibitively expensive for me (28 CHF fees). So… how does a Liechtenstein user top up his CHF account?

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I just received the same message as @Tong-Gama posted above from Revolut. The idea is that everybody that doesn’t have the address set up to Switzerland in the Revolut account will not be able to have a Swiss Franc iban available. I just went to chat support and in 15 minutes everything went back to normal. I had to prove residency in Switzerland (id, bills, etc.) but everything went super smooth.

Check the address you have set up under Personal tab and if it’s not Swiss, change it to your current address. If you’re not in Switzerland, well, I do not think that for now it’s an available option.

I’m having the same issue, suddenly the Swiss IBAN for local transfers disappeared … I have still got a top-up from my Swiss account pending (I’ve got the details saved on the e-banking website), I will see it it will go through.
This is my main (and the only free-of-charge) top-up method. It would be a pity if it had disappeared. I’m living in the border area of France, but working in Switzerland, so I get my salary payments in CHF on a Swiss account.
So perhaps if I would change the address for my Revolut account to my (swiss) office address I would get this feature back?

Same here:

Account is based in Austria, CH IBAN was switched off.
Would have been a great product for people like me, working in Switzerland an living in Austria.

So: Welcome Transferwise, might use Revolut in future only for GBP and EUR.

M.

What I can’t get is this rule. I already have an account in Switzerland and it’s not required to live in the country. In order to have a credit card, you need a work permit. In order to have a bank account, you can live in other countries

Hello,
am not sure this is the best threat for this post but I think there are many people here with experience in this and you will be able to help, hopefully.
I am living in Spain and I am receiving a scholarship from Switzerland (in CHF) to live for a while in Israel.
I made the revolut account because in theory it is possible change currency myself without paying a comission for it but I am a bit confused about the comission for the transferences. At Revoult they say that they will not charge a comission but maybe the original bank or a bank in the middle would charge a comission for transferring…
As I am not swiss resident my IBAN starts with GB so I don´t know if it is possible not to change the currency in the way to my account… Revolut said I can receive the money in CHF in my account but I am afraid that they make even another change CHF-EUR/GBP-CHF.
What I am really intereste in is in knowing if, for example, my scholarship is 1000 CHF transfered from a swiss bank into my revolut account I will receive that same amount of money in my revolut account with a GB IBAN (the app says I can only receive SWIFT transferences).
Then I need to change the money into Israeli shekels but I think it should be free of charge as I should be able to do it myself in the app, isnt it?
Thanks for helping.

Thank you - it’s a good explanation.
It’s really less interesting for me to have a Revolut account without the possibility of local transfer.

My bank charges 10CHF for a transfer out of Switzerland.

The same thing happened to me last night, Friday, 9 August, with the “Local” tab and Revolut’s CH pooling account disappearing from the CHF part of my account. I also received the same chatbot message from Rita (see above), saying that I had it “in error” and the local Swiss pooling IBAN should have been available to Swiss residents only.

The agent I chatted with afterwards said the following:

So, basically, if you opened your Revolut account from Switzerland with a Swiss address, nothing changed. If you do not reside in Switzerland, however, too bad. Rita-chatbot did mention that they hope to get it back for all before the year end.

changing the address is not feasible as it comes with quite some disadvantages like no personal local GB bank coordinates, no revolut insurance coverage for premium/metal users etc.
Seems that you all will have to do the transferwise workaround for now:

  • open transferwise borderless account
  • pay money to TW CHF account (also a collection account with reference number)
  • top up revolut with TW card