What are the fees for international payments?
if SEPA
If a SEPA transfer is possible, no external fees are applied. You only pay the fees that would have arisen from the transfer anyway. In this case, you must select "SEPA Transfer" and then "Extra Foreign Execution Type" in your GCHB Online Banking. For all transfers outside Europe, fee rules apply. The person sending the money has three options. OUR (our fees): The sender of the transfer pays all fees from their own bank and the foreign bank. BEN (beneficiary): The recipient of the transfer pays all fees from their own bank and the foreign bank. SHA (shared): The costs incurred are split between both parties, each bearing the fees from their own financial institution. The exact fees that apply vary from bank to bank. It's also important to know whether you, as a client, are taking advantage of the bank's special offers that allow for transfers abroad under special conditions. At GCHB, you can subscribe to a currency package in the Mobile Banking app with GCHB key4 FX to benefit from attractive exchange rates.
ManHow long does a payment abroad take?
How long does a payment abroad take? Here too, a distinction must be made between payments within and outside the eurozone. The general principle is that all transfers abroad are executed by GCHB on bank business days. If the order is placed on a weekend, it may be deferred until the beginning of the following week. Electronic payment orders abroad and large transactions are processed even on Swiss public holidays. Transfers to the EU or the US generally arrive at the recipient's bank within one business day. The next step is whether the bank credits this amount directly to the beneficiary's account. Some banks credit the incoming funds only one or more days later. The crediting of transfers to other countries therefore depends heavily on the processing time of the recipient's banks.
