Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service) SWIFT/BIC code

SWIFT/BIC code of Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service)

The short code CRESCHZF and the 11-character code CRESCHZFXXX refer to one and the same institution: Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service) in Zurich, Switzerland. A SWIFT code tells every bank in the chain which institution should receive the money. It comes up mainly for transfers between countries and payments in foreign currencies.

We wrote this page to help people who receives money at an account at Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service) without mistakes. Remember that the SWIFT code just identifies the bank, not the account: the IBAN or account number does that part.

Scams that use SWIFT codes

Criminals often send payment requests containing changed bank details. The fact that CRESCHZF exists is no guarantee that the account is genuine.

Verify changed payment details through a separate channel, such as a phone number you already know, never via the email that asked for the change. Pressure and requests to keep it quiet are warning signs; a genuine business can wait for you to check. Acted too fast? Contact your bank straight away and ask them to try to recall the payment; also report it to the police.

Recipients are targeted too: one known trick is a buyer who pays too much and then sends a request to send back the difference. Do not act before the money is actually in your account – ask Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service) if something looks wrong.

8 or 11 characters: CRESCHZF versus CRESCHZFXXX

The layout of every SWIFT code is always the same: a bank code of four letters, a two-letter country code and two for the location, plus an optional branch code. In this case, that core is CRESCHZF.

The 11-character version adds three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office, so CRESCHZFXXX and CRESCHZF are interchangeable.

As a rule the code is written in capitals and without spaces. A wrong character can send a payment to another bank, so copy it carefully.

About this information

We gather bank codes using public sources and update them regularly. Still, banks merge, rename themselves or change codes and our data may lag behind. The number of codes on this page reflect what is in our directory, not official figures from Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service).

Use this page as a reference, rather than as the last word – the bank details from the recipient are leading. GoldexPay is a comparison site and not part of Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service). Spotted an error? Let us know through the contact page and we will look into it.

When will the money arrive at Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service)?

How quickly a transfer reaches Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service) depends on several factors: the currency, the number of banks in between, daily processing deadlines and differences in time zone. Weekends and public holidays in either country add a day or more. Occasionally a bank wants to know about the purpose of a payment before releasing it.

If the money is late, contact your bank for the tracking status and the transaction reference. Money transfer services often provide tracking in their app so you can see how far the payment is.

Only the sending bank can start an official trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.

Euro transfers to Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service): is a BIC needed?

Switzerland belongs to the SEPA area, where euro transfers follow common rules. When you send euros from another SEPA country, you normally only need the IBAN and the BIC is often filled in automatically.

You still need CRESCHZFXXX when sending non-euro payments or money from outside the SEPA area. Some banks and apps also show a field for the BIC; if so, fill in CRESCHZF.

SEPA transfers normally land within one business day; instant payments are faster if both banks offer them. Fees for SEPA payments tend to be low, as long as no currency conversion is involved.

Getting paid from abroad into a Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service) account

For a transfer from abroad into your account at Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service), the person paying you needs not just the BIC. That means: your name exactly as it appears on the account, your IBAN or account number, the BIC CRESCHZFXXX and sometimes your address.

Some sending banks want the address of Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service) in Zurich. A typo in your account number can be more trouble than you might think; copy them from your banking app rather than typing.

Expect that the incoming amount is below what the sender paid. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the currency changes, a markup on the rate comes on top. On invoices, it is common to state how the fees are split to avoid a shortfall.

Before you send: check the Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service) code

The most reliable place for the correct BIC remains paperwork issued by the bank like a bank statement or the account page in online banking. If the code you have differs from CRESCHZF or CRESCHZFXXX, do not guess.

Errors in the SWIFT code tend to be costly more than fatal – usually the money comes back, minus fees and time lost. Remember the account number: an error there can be more difficult to undo than a wrong BIC.

Many banking apps check the format of IBANs. If your bank offers it, a name check before sending gives an extra layer of safety. Sending a small amount first can be a sensible step for a large first payment, even if it costs an extra fee.

Head office or branch code at Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service)?

Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service) has 58 separate SWIFT/BIC codes. Only one is the head office code, CRESCHZFXXX; the rest belong to branches or departments.

In most cases there is no need to look up a branch: transfers sent to CRESCHZFXXX reach Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service) without problems. Branch codes are only needed if the recipient’s bank explicitly mentions it.

Not sure which code to use? Check with the recipient. Codes for branches are more likely to be retired than the head office code.

Paying someone abroad from your Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service) account

An international bank payment can cost rather more than the fee suggests. There is the transfer fee, sometimes charges from correspondent banks in between and, above all, the margin on the exchange rate when the money is converted.

Many banks do not list their exchange rate markup separately. An easy check: put the rate you get next to the mid-market rate and work out the difference on your amount.

For many currency pairs, a specialist provider is less expensive than a bank, mainly because of the exchange rate. Before your next transfer, it is worth comparing the total cost via GoldexPay rather than accepting the bank’s rate by default. You can always keep your account at Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service); only the conversion and sending happen elsewhere.

The Swiss Franc and what conversion costs you

Most accounts at Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service) are typically held in CHF, the local currency of Switzerland. A payment in a foreign currency is exchanged into CHF on its way to Credit Suisse (Schweiz) AG (Multibank Ars and Eft Service). There is rarely a separate line for that conversion – the cost sits in the rate.

Which bank converts the money matters: every bank has its own margin. Check what CHF the recipient gets with several providers.

Rates for CHF move all the time. If you pay regularly, a slightly better rate add up over time.