Efg Bank AG SWIFT/BIC code

SWIFT/BIC code of Efg Bank AG

EFGBCHZZ and EFGBCHZZXXX are two spellings of the same bank identifier, and both lead to Efg Bank AG in Zurich. Banks worldwide use these codes to route international transfers to the right institution. In daily life you usually see the code on invoices from abroad, in your banking app and on the account details that Efg Bank AG provides.

This page is meant to help anyone who sends money to an account at Efg Bank AG. Keep in mind that the SWIFT code only identifies the bank, not the account: the IBAN or account number does that part.

Where our SWIFT data comes from

We collect SWIFT/BIC codes from public sources and update them regularly. It can happen that a code here is out of date, for example after a merger. Counts and locations are from our directory.

For a payment of any size, always check the code with the recipient’s bank or the recipient. GoldexPay is not affiliated with Efg Bank AG. Spotted outdated information? Tell us through the contact page so we can correct it.

Transfer times and tracking a payment to Efg Bank AG

There is no fixed delivery time: some arrive within a day, others take several business days. Bank holidays in the sending or receiving country add extra days to the journey. Compliance checks by one of the banks may also cause some delay, regardless of the details.

If the money seems delayed, ask your bank for the tracking status. Keep the payment confirmation until the money has arrived.

A delayed transfer has to be investigated from the sending side. Ask the sender for a copy of the payment confirmation; that often settles the question quickly.

International transfers from Efg Bank AG: the real cost

When you send money to another country through Efg Bank AG, the fee you see is only part of what you pay. Besides the transfer fee, banks in between may deduct a fee, and if the money changes currency the bank usually applies a rate that is less favourable than the actual market rate.

Banks rarely show their exchange rate markup separately. A simple test: set the rate you get next to the mid-market rate for the same moment and work out the difference on your amount.

For many currency pairs, a specialist provider turns out to be cheaper than a traditional bank transfer, mainly because of the exchange rate. On GoldexPay you can compare what recipients receive with different providers, so you can pick the cheapest route. Using a transfer service does not mean leaving Efg Bank AG – you pay the provider from your own account.

Watch out for payment fraud

Fraudsters regularly send payment requests with new bank details, sometimes in an email that looks completely genuine. A valid SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Verify new bank details via a separate channel, such as a phone number you already know, never via the email that asked for the change. Watch out for time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Contact the bank you paid from straight away and ask them to try to recall the payment and report the fraud.

People receiving money are targeted too: a classic trick is a buyer who pays too much followed by a request to refund the difference. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

Why Efg Bank AG has an 8- and an 11-character code

The structure of every SWIFT code is always the same: a bank code of four letters, a two-letter country code and two for the location. In this case, the 8-character core is EFGBCHZZ.

Many banks and apps work with either length. If yours asks for eleven characters, use EFGBCHZZXXX; if it wants eight, use EFGBCHZZ.

Enter the code in one piece, in upper case and without separators, exactly as shown here. Pasting the code is safer than typing it by hand: a typo can point to another bank.

SEPA payments and the Efg Bank AG BIC

Inside SEPA, euro transfers to an account in Switzerland use common rules and in most cases need only the IBAN. A field for the BIC is usually optional or missing in that case.

For anything other than euros and from non-SEPA countries, EFGBCHZZXXX is still required. If a payment form has a field for the BIC regardless, entering EFGBCHZZ does no harm.

Instant payments in euros are widely supported within SEPA. As long as no currency is converted, a SEPA transfer is inexpensive.

Incoming international payments to Efg Bank AG

When you are waiting for money from abroad, give the sender everything they need in one go. Give them your name as the bank knows it, the IBAN or account number, SWIFT code EFGBCHZZXXX and your address, which some banks require.

The sender’s bank may also ask for the address of your bank. A typo in the IBAN is more trouble than you might think.

Expect that the incoming amount is below the amount on the sender’s receipt. Intermediary banks may deduct a fee, and if the currency changes, a markup on the rate comes on top. For business payments, it is common to agree who bears the costs.

Efg Bank AG: head office code versus branch codes

Our directory lists 3 SWIFT/BIC codes for Efg Bank AG. Besides the head office code EFGBCHZZXXX, you will find codes for branches, departments or specific services.

Usually there is no need to pick a branch: payments sent to EFGBCHZZXXX reach Efg Bank AG without problems. A branch code only makes sense if the recipient’s bank specifically mentions it.

Not sure which code to use? Check with the recipient or the bank itself. Codes for branches are more prone to change than EFGBCHZZXXX.

Is EFGBCHZZ still correct? How to check

The most reliable place for the right code is paperwork issued by the bank. Check that code against EFGBCHZZ on this page; if they differ, ask before you pay.

With a wrong code, the payment might get stuck, bounce back or end up costing more, and tracing it can take weeks. A mistake in the IBAN or account number is more serious because it can reach the wrong person.

A format check by your bank only confirms that the code exists – not that it belongs to the person you mean to pay. More and more banks check the payee name against the account before you confirm – do not ignore a mismatch warning. For a first payment, some people send a small amount first.

Paying into Efg Bank AG in CHF

The local currency in Switzerland is the Swiss Franc (CHF). If you send money in a different currency it gets converted at some point – by your bank, by Efg Bank AG or by a bank in between. You rarely see a separate charge for the conversion.

Which bank converts the money matters. Often you pay less to send CHF straight away through a transfer service that converts near the mid-market rate, so that the receiving bank does not need to convert again.

Rates for CHF change all the time. For recurring payments, a slightly better rate make a real difference over a year.