Cofra Holding AG SWIFT/BIC code

Cofra Holding AG SWIFT code: CFRACH22

If an invoice shows CFRACH22 or CFRACH22XXX, it is the identical address for Cofra Holding AG in Switzerland. A SWIFT code shows the banks handling a payment which institution should receive the money, much like a postcode for banks. You will need it mainly when dealing with payments that cross a border.

On this page you can read what the code is put together, when it matters and what else you need for a transfer to or from Cofra Holding AG. Keep in mind that the BIC just identifies the bank, not the account: the IBAN or account number takes care of that.

How long does an international transfer to Cofra Holding AG take?

How quickly a transfer reaches Cofra Holding AG is determined by a few things: the currency, the number of banks in between, cut-off times and differences in time zone. Transfers sent late in the day or just before a weekend or public holiday often go out the next business day. Sometimes a bank asks about the purpose of a payment.

Many banks are connected to SWIFT gpi. Every payment gets a unique transaction reference, the UETR that banks can use to trace it. Keep the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

The bank that sent the money is able to request a trace or a recall; the receiving side usually has nothing to trace yet. As a recipient, it helps to check your account for a slightly lower amount.

About this information

Our SWIFT/BIC directory is compiled from public sources and is updated regularly. It is possible that information here is out of date, for example after a merger. The figures we show are based on what is in our directory and not on information from Cofra Holding AG itself.

For any payment that matters, always confirm the BIC with the recipient’s bank or with the recipient. GoldexPay is not affiliated with Cofra Holding AG; we are a comparison site for money transfers. Should you notice something that is out of date, we welcome a message via the contact page.

What a transfer from Cofra Holding AG abroad really costs

The price of a payment abroad is made up of more than one component. You pay the transfer fee, sometimes charges from correspondent banks in between and, above all, the margin on the exchange rate if the currency changes.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert using an exchange rate that includes a margin. An easy check: put the bank’s rate against the mid-market rate for the same moment and look at the difference.

Specialist money transfer services often use rates closer to the mid-market rate. GoldexPay compares transfer providers next to each other, showing the amount the recipient gets for the same amount sent. Choosing a specialist does not require leaving Cofra Holding AG.

Do you need CFRACH22 for a SEPA transfer?

Switzerland belongs to the SEPA area, the zone for standardised euro payments. When you send euros from another SEPA country, you normally only need the IBAN; many banks no longer ask for the BIC.

Outside the euro and for senders outside SEPA, CFRACH22XXX remains required. Some forms also ask for the BIC out of habit; if so, enter CFRACH22.

Instant euro transfers have become widely supported within SEPA – whether Cofra Holding AG offers them for your account is worth checking. Provided the payment stays in euros, a SEPA transfer is cheap; it is the conversion that costs money.

Cofra Holding AG: head office code versus branch codes

Cofra Holding AG uses 2 separate SWIFT/BIC codes. One of them is the head office code; the rest identify branches, and sometimes specific services.

Unless the recipient tells you otherwise, use CFRACH22XXX or its short form CFRACH22. If you have been given a branch code, stick to it instead of swapping it for the head office code.

The best way is to copy the code directly from the account holder’s bank details. Codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

Why Cofra Holding AG has an 8- and an 11-character code

A BIC is made up of a few fixed parts: the first four letters stand for the bank, the next two show the country and characters seven and eight mark the location. That gives you CFRACH22 for Cofra Holding AG.

The 11-character version has a three-character extension for a branch or department. If the last three are XXX, they simply mean the head office.

In practice the code is written in capitals and without spaces. Copying the code beats typing it by hand.

What to give a sender who pays you at Cofra Holding AG

For an international payment into your account at Cofra Holding AG, the sender needs more than the SWIFT code. In practice that means: your full name as registered with Cofra Holding AG, your IBAN or account number, the BIC CFRACH22XXX (or CFRACH22) and, often, your address.

Some banks want the bank’s address, so keep it at hand. Check the details before you share them.

Do not be surprised if the amount credited is below the amount on the sender’s receipt. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate applies. On invoices, it is common to state who bears the costs to avoid a shortfall.

Is CFRACH22 still correct? How to check

The best place to find the right code remains paperwork issued by the bank like a bank statement or the account page in online banking. If the code you have differs from CFRACH22 or CFRACH22XXX, do not guess.

If the code is wrong, the payment might be delayed, be returned or cost extra, and tracing it can take weeks. An error in the account number can be a bigger problem, because the money may be credited to someone else; check it just as carefully.

Most online banking apps validate the structure of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Where available, a name check before sending gives an extra layer of safety. Sending a small amount first is worth it for a large first payment, even if it costs an extra fee.

Watch out for payment fraud

A common scam goes like this: you receive a message saying that a supplier now has a new bank account and asking you to pay there from now on. A correct SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Never trust contact details in the same message that contains the change. Pressure or requests to keep it quiet tend to be warning signs – a real supplier can wait a day. When a payment has already gone to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Recipients can be targeted as well: one known trick is an overpayment and then sends a request to send back the difference abroad. Do not act before the money is actually in your account – ask Cofra Holding AG if something looks wrong.

The Swiss Franc and what conversion costs you

The currency of Switzerland is the Swiss Franc (CHF). Money sent in a different currency is exchanged into CHF before it reaches the account, and whoever converts it chooses the rate. Each conversion costs the amount – usually through the rate rather than a fee.

Who does the conversion has an effect on how much arrives, as rates and margins differ per bank. Transferring the amount already in CHF usually avoids an extra conversion at the receiving end.

Rates for CHF move during the day. On larger amounts, a small gap in the rate can be worth more than the fee.