Banque Morval SWIFT/BIC code

Banque Morval SWIFT code: MORVCH22

MORVCH22 and MORVCH22XXX are two spellings of the same bank identifier, and both lead to Banque Morval in Lugano. The code has a single purpose: it ensures that an international payment ends up at the right bank. It comes up mostly when dealing with payments that cross a border or a currency.

We wrote this page to help people who receives money at an account at Banque Morval without mistakes. A SWIFT code identifies an institution, never a specific account.

Watch out for payment fraud

One of the most common tricks works like this: you receive a request claiming that a contact has new bank details and that the next payment should go there. That MORVCH22 is a real code is no guarantee that the account is genuine; criminals use the codes of real banks too.

Check new bank details via a separate channel, such as a phone number you already know. Pressure or requests to keep it quiet are red flags. Acted too fast? Contact the bank you paid from straight away and ask them to start a recall; also report it to the police.

Recipients can be targeted as well: one known trick is an overpayment and then sends a request to send back the difference. A screenshot of a transfer is no proof.

Before you send: check the Banque Morval code

Have the recipient copy the bank details straight from a recent statement. When the code you were given does not match MORVCH22 or MORVCH22XXX, stop and ask.

A wrong SWIFT code may lead to a delay, a payment being sent back or extra fees for investigation. An error in the account number is more serious.

Most online banking apps check the format of IBANs and sometimes look up the BIC automatically. More and more banks check the name with the account. A small test payment is a sensible step for a large first payment despite the extra fee.

Paying someone abroad from your Banque Morval account

An international bank payment can cost more than the listed fee. There is the fee for the transfer itself, possibly charges from correspondent banks in between and, above all, the margin on the exchange rate if the currency changes.

That exchange rate margin tends to be the biggest item, and it is easy to miss. An easy check: put the bank’s rate against the mid-market rate for the same moment and look at the difference.

For many routes, a transfer service turns out to be cheaper than a bank – mostly thanks to the rate. On GoldexPay you can compare the amount that arrives across providers, which makes the cheapest option easy to spot. Using a transfer service does not require closing your account at Banque Morval: you simply pay the service from your account.

Choosing between the 2 SWIFT codes of Banque Morval

Banque Morval uses 2 separate SWIFT/BIC codes across 2 cities. Only one is the head office code, MORVCH22XXX; the rest belong to branches or departments.

For most incoming transfers, the head office code MORVCH22XXX is what you need. When you receive a branch code, use it as it is instead of replacing it with the head office code.

The safest route is to copy the code straight from the recipient’s statement. Codes are sometimes changed or retired when banks reorganise.

Paying into Banque Morval in CHF

Switzerland uses the Swiss Franc, with the currency code CHF. A payment in a foreign currency will be converted into CHF on its way to Banque Morval, and whoever converts it chooses the rate. Every conversion eats into the amount – usually through the rate rather than a fee.

Which bank converts the money makes a difference, because each party uses its own rate. Compare what CHF the recipient gets via different providers before choosing one.

Rates for CHF move during the day. With bigger transfers, a seemingly small gap in the rate adds up quickly.

Getting paid from abroad into a Banque Morval account

A sender in another country needs several details from you. What they need is: the account holder’s name, IBAN or account number, MORVCH22XXX or MORVCH22 and in many cases your home address.

Their bank might also ask for the bank address of Banque Morval; the head office in Lugano is usually fine. A mistake in your account number can be harder to fix than it looks; copy them from your banking app rather than typing.

Money from abroad does not always arrive in full. Correspondent banks can take a fee, Banque Morval may charge for incoming payments, and if the currency changes, a markup on the rate comes on top. For business payments, you can agree how the fees are split, so that nobody is left short.

SEPA payments and the Banque Morval BIC

Inside SEPA, euro transfers to an account in Switzerland use the same rules. The BIC field is often optional for those payments.

For anything other than euros and for senders outside SEPA, MORVCH22XXX or MORVCH22 is still required. If a payment form asks for the BIC regardless, entering MORVCH22 does no harm.

Euro payments within SEPA usually arrive by the next business day, and instant transfers in seconds where both banks support them. Fees for SEPA transfers tend to be low as long as everything stays in euros.

8 or 11 characters: MORVCH22 versus MORVCH22XXX

Each SWIFT/BIC code has the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. The result is MORVCH22, the short form of the code.

The 11-character version adds three more characters that identify a branch or department. If the last three are XXX, the code points to the head office, so MORVCH22XXX and MORVCH22 are interchangeable.

Do not add spaces or dashes when you type MORVCH22 or MORVCH22XXX. Look out for O versus 0 and I versus 1; they are easy to mix up.

About this information

We collect SWIFT/BIC codes using publicly available data and update our list regularly. Still, banks merge or retire codes and our data may lag behind. The figures on this page reflect our own data.

Use this page as a reference, rather than as the last word. GoldexPay is not affiliated with Banque Morval, we only compare transfer services. If you notice something that is out of date, we appreciate a short note via the contact page.

Transfer times and tracking a payment to Banque Morval

How quickly a transfer arrives at Banque Morval is determined by several factors: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Transfers sent after the cut-off time or on weekends and holidays usually go out the next business day. Occasionally a bank asks about the purpose of a payment, which can hold things up.

If the money is late, ask your bank for the status and the transaction reference; with that reference banks can see where the payment is. Specialist transfer services often show tracking in their app so you can see where the payment has got.

If the money does not arrive within the expected time, the sender should contact the bank that sent it rather than Banque Morval. On the receiving end, you can look at your statements for a partial amount.