SWIFT/BIC code FAVSCHGGHEM
FAVSCHGGHEM belongs to Fonds de Compensation Avs/Ai/Apg in Geneva, Switzerland.
Code details
| SWIFT/BIC code | FAVSCHGGHEM |
|---|---|
| 8-character code | FAVSCHGG |
| Branch code | HEM |
| Bank | Fonds de Compensation Avs/Ai/Apg |
| Branch | Hedging Emerging Currencies |
| City | Geneva |
| Country | Switzerland |
The way the Fonds de Compensation Avs/Ai/Apg SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- FAVS Bank code
- 4 letters that identify the bank.
- CH Country code
- 2 letters for the country (ISO 3166).
- GG Location code
- 2 characters for the city or region of the head office.
- HEM Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which branch uses BIC FAVSCHGGHEM?
FAVSCHGGHEM identifies Hedging Emerging Currencies, a branch or department of Fonds de Compensation Avs/Ai/Apg in Geneva, Switzerland. Only use it if the recipient or their bank explicitly asks for it.
What is the cheapest way to send money to Fonds de Compensation Avs/Ai/Apg in Switzerland?
Banks often add 1–3% to the exchange rate on top of a fee. Compare the amount that arrives in Swiss Franc with transfer services before you send.
How long does it take to send money to Fonds de Compensation Avs/Ai/Apg in Switzerland?
SEPA payments in euros normally arrive the next business day, instant payments within seconds. Transfers in other currencies can take 1–3 business days.
Do I need FAVSCHGGHEM to send euros to Switzerland?
Switzerland belongs to the SEPA area. When you send euros the IBAN normally suffices. For other currencies you still need FAVSCHGGHEM.
What do the letters in FAVSCHGGHEM stand for?
FAVS is the bank code of Fonds de Compensation Avs/Ai/Apg, CH stands for Switzerland, GG is the code for the city or region and HEM identifies the department Hedging Emerging Currencies.
What happens if I enter FAVSCHGGHEM incorrectly?
The payment may be delayed, returned or charged extra fees. Always check FAVSCHGGHEM with the recipient before you confirm.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.