Longbow Finance SA SWIFT/BIC code

LGBWCH22 – the SWIFT/BIC code of Longbow Finance SA

LGBWCH22 and LGBWCH22XXX are the short and the long form of the same SWIFT/BIC code, and both point to Longbow Finance SA in Lutry. A SWIFT code shows the sending bank which institution should receive the money, much like a postcode for banks. In practice you usually come across it on invoices from abroad, in your banking app and on the account details of Longbow Finance SA customers.

Below we go through the practical questions: money coming in from abroad, paying someone in another country and how to check the code before you confirm a payment. A SWIFT code names an institution, not a specific account.

How long does an international transfer to Longbow Finance SA take?

How quickly a transfer arrives at Longbow Finance SA is determined by several factors: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Bank holidays in the sending or receiving country can add extra days, since banks do not process on those days. Sometimes a bank asks what the payment is for.

When a payment takes longer than expected, ask your bank about the tracking status and the transaction reference so they can trace it along the chain. Specialist transfer services often show tracking online so you can see how far the money has got.

A missing payment is investigated from the sending side, using the payment confirmation. Request from the sender a copy of the payment confirmation with the date and reference.

Swiss Franc (CHF) and conversion costs

Accounts at Longbow Finance SA are usually held in CHF, the national currency of Switzerland. A payment in a foreign currency will be exchanged into CHF. Every conversion eats into the amount.

Which bank converts the payment matters, because each party uses its own rate. Compare what CHF the recipient gets via several providers.

Rates for CHF change all the time – some services let you fix a rate in advance. For recurring payments, small differences in the rate add up over time.

Getting paid from abroad into a Longbow Finance SA account

For a transfer from abroad into your account at Longbow Finance SA, the person paying you has to have not just the BIC. In practice that means: your name as registered with Longbow Finance SA, your IBAN or account number, the BIC LGBWCH22XXX (or LGBWCH22) and usually your address.

Some banks also ask for the address of Longbow Finance SA, so keep it at hand. Check each detail before you send them, because the sender’s bank usually copies them as is.

Expect that the amount credited is below the amount on the sender’s receipt. Intermediary banks may deduct a fee, and when currencies differ, an exchange rate margin comes on top. Make clear with the sender who covers the fees before the money is sent.

International transfers from Longbow Finance SA: the real cost

A bank transfer abroad costs rather more than the listed fee. Besides the transfer fee, banks in between can take a cut, and if the money changes currency the bank often uses a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts at a rate with a margin built in. Compare the rate you are offered against the mid-market rate; the gap is what conversion costs you.

For a lot of routes, a transfer service turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. Next time you send money, it is worth to compare the total cost via GoldexPay. Choosing a specialist does not require leaving Longbow Finance SA.

Which of the 2 codes of Longbow Finance SA do you need?

With 2 codes, Longbow Finance SA belongs to the banks that use individual codes for branches and departments. The main code remains LGBWCH22XXX.

Unless the recipient tells you otherwise, use LGBWCH22XXX. Branch codes are only needed when the recipient’s bank explicitly asks for it, which is more common for business accounts and specialised services.

Not sure which code applies? Ask the recipient or the bank itself. Codes can change over time, so a code from an old document is not always valid.

Why Longbow Finance SA has an 8- and an 11-character code

A BIC is made up of a few fixed parts: characters one to four stand for the bank, characters five and six give the country and the two after that indicate the location. Combined, these eight characters form LGBWCH22 – the version you usually see online.

The 11-character version has three more characters for a branch or department. When those three characters are XXX, the code points to the head office.

Do not add spaces or dashes when you type LGBWCH22; the code is always written in one block. Watch for the letter O and the digit 0 or the letter I and the digit 1; they are easy to mix up.

Where our SWIFT data comes from

This directory is compiled from publicly available sources. Still, banks merge, rename themselves or retire codes, so information can be out of date. Counts and locations come from our own dataset and are not confirmed by Longbow Finance SA.

Treat this page as a starting point, rather than as the last word. GoldexPay is an independent comparison service for money transfers and not affiliated with Longbow Finance SA. Spotted outdated information? Tell us via our contact form.

Euro transfers to Longbow Finance SA: is a BIC needed?

Inside SEPA, euro transfers to an account in Switzerland use common rules, so the IBAN does the job in most cases. A field for the BIC is often optional in that case.

You still need LGBWCH22XXX for non-euro payments or money from outside the SEPA area. A few forms still show a field for the BIC; in that case, enter LGBWCH22.

SEPA transfers normally land within one business day, and instant transfers in seconds where both banks support them. Charges on SEPA transfers are generally low as long as everything stays in euros.

Is LGBWCH22 still correct? How to check

The most reliable place for the correct BIC is paperwork issued by the bank like a bank statement or the account page in online banking. Check it against LGBWCH22 here.

Mistakes in the BIC tend to be costly more than disastrous: often the payment comes back, minus fees. Do not forget the IBAN: an error there can be more difficult to correct than a wrong BIC.

An automatic check in your banking app only confirms that the IBAN is valid. Some banks now check the payee name with the account before you confirm. Sending a small amount first is a sensible step for a large first payment, even if it costs an extra fee.

Watch out for payment fraud

A common scam works like this: you receive a message claiming that a supplier has a new bank account and asking you to pay there from now on. That LGBWCH22 is a real code does not mean that the account is genuine – fraudsters use real bank codes as well.

Before paying, confirm a change of bank details through a phone call, using a number you already had. Pressure and requests to keep it quiet are warning signs; a genuine business can wait for you to check. Acted too fast? Contact the bank you paid from without delay and have them start a recall and report the fraud.

Fraud also target the receiver. Someone sends more than agreed and asks you to return the extra to a new account. Wait until the money has really arrived – ask Longbow Finance SA if something looks wrong.