Efg Bank SA, Lugano Branch SWIFT/BIC code

What BSILCH22 means for a payment to Efg Bank SA, Lugano Branch

BSILCH22 and BSILCH22XXX are two ways of writing the same SWIFT/BIC code, and both point to Efg Bank SA, Lugano Branch in Lugano. Every bank on the SWIFT network uses BIC codes to route international transfers to the right institution. You will need it mainly for payments that cross a border and payments in foreign currencies.

We wrote this page to help anyone who sends money to an account at Efg Bank SA, Lugano Branch and wants to get the details right. The BIC identifies an institution, not a specific account; the IBAN or account number does that.

Incoming international payments to Efg Bank SA, Lugano Branch

Someone abroad who wants to pay you will ask for a few details about your account, and missing ones are a common cause of delays. Share your name as the bank knows it, your account number or IBAN, SWIFT code BSILCH22XXX and your address, which some banks require.

You can include the bank name and Lugano as well, because some payment forms have separate fields for them. A typo in the IBAN is more trouble than it looks.

The amount you receive can be less than the amount sent. Intermediary banks may deduct a fee, and when currencies differ, an exchange rate margin applies. For business payments, you can agree who bears the costs.

How to check BSILCH22 before you pay

The most reliable source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Check that code against BSILCH22 on this page; if they differ, ask before you pay.

If the code is wrong, the transfer may be delayed, be returned or cost extra. Remember the IBAN: a mistake there is more difficult to undo than a wrong BIC.

Many banking apps validate the structure of IBANs and some suggest the matching BIC – that confirms the format, not the owner. Where available, a payee name check on the recipient adds an extra layer of safety. For a first payment, some people start with a small amount first and wait for confirmation.

Why Efg Bank SA, Lugano Branch has an 8- and an 11-character code

The layout of a BIC is always the same: a bank code of four letters, a two-letter country code and a two-character location code, plus an optional branch code. That gives you BSILCH22 for Efg Bank SA, Lugano Branch.

Many banks and apps accept both lengths. If a form requires eleven characters, use BSILCH22XXX.

Type the code as one block, in capitals and without separators. A single letter can send the money to another bank, so copy it carefully.

Protect yourself against fake payment requests

A common scam works like this: you receive a request saying that a contact now has a new bank account and that the next payment should go there. The fact that BSILCH22 exists is no guarantee that a request mentioning it is genuine; criminals use the codes of real banks too.

Always confirm changed bank details by phone. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. Already paid? Call your bank without delay and have them try to recall the payment and report the fraud.

Fraud can also target the receiver: someone sends more than agreed and asks you to refund the extra to a new account. Wait until the money has really arrived.

When will the money arrive at Efg Bank SA, Lugano Branch?

An international transfer typically takes anywhere from one to several business days. Payments made late in the day or on weekends and holidays usually start the next business day. Compliance checks by one of the banks may also add some delay.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each payment carries a unique reference, the UETR that banks can use to trace it. Money transfer services usually show tracking in their app so you can see where the payment has got.

The bank that sent the money can start an official trace or a recall. Request from the sender a copy of the payment confirmation with the date and reference.

Euro transfers to Efg Bank SA, Lugano Branch: is a BIC needed?

Because Switzerland is in the SEPA zone, a euro transfer into Efg Bank SA, Lugano Branch from within the SEPA area usually only needs the IBAN. Most banking apps do not require the BIC for these payments or fill it in for you.

A SWIFT code like BSILCH22 still come into play for payments in other currencies and when the money comes from outside SEPA. Some forms still ask for the BIC out of habit; if so, enter BSILCH22 or BSILCH22XXX.

Instant euro transfers are increasingly available within SEPA – whether Efg Bank SA, Lugano Branch offers them for your account is worth checking. Fees for SEPA transfers tend to be low as long as everything stays in euros.

Which of the 7 codes of Efg Bank SA, Lugano Branch do you need?

Efg Bank SA, Lugano Branch has 7 different SWIFT/BIC codes. One of them is the head office code; the rest belong to branches, and sometimes specific services.

For the vast majority of incoming transfers, the head office code BSILCH22XXX is the right choice. Just use a branch code when the recipient explicitly asks for it.

The best way is to copy the code straight from the account holder’s bank details. Codes for branches are more likely to change than BSILCH22XXX when a bank merges or closes offices.

What a transfer from Efg Bank SA, Lugano Branch abroad really costs

A bank transfer abroad costs rather more than the listed fee. There is the fee for the transfer itself, sometimes charges from correspondent banks along the way and, above all, the exchange rate markup.

Most of the cost usually sits in the exchange rate: the bank converts using an exchange rate that includes a margin. An easy check: set the bank’s rate next to the mid-market rate and work out the difference on your amount.

Specialist money transfer services often offer a rate near the mid-market rate with clearer fees. GoldexPay compares what recipients receive with different providers, so you can pick the cheapest route. You can still use your account at Efg Bank SA, Lugano Branch to fund the transfer.

Paying into Efg Bank SA, Lugano Branch in CHF

Switzerland pays in the Swiss Franc, code CHF. A payment in a foreign currency is converted into CHF on its way to Efg Bank SA, Lugano Branch. There is rarely a separate line for the conversion; it is built into the rate.

Who does the conversion affects how much arrives, as rates and margins differ per bank. Sending the money already in CHF often avoids a second conversion.

The rate for CHF fluctuates constantly, so the amount you see is usually only valid for a short time. For regular payments, small differences in the rate add up over time.

About this information

The details on this page are taken from public sources that we update regularly. Even so, banks merge or change codes, so information can be out of date. The figures on this page are based on what is in our directory and not on information from Efg Bank SA, Lugano Branch itself.

See the information here as a handy check, and let the details from the recipient or Efg Bank SA, Lugano Branch have the final say. GoldexPay is not affiliated with Efg Bank SA, Lugano Branch; we are a comparison site for money transfers. If you notice a mistake, we appreciate a short note via the contact page.