Free CHF account with Moneyswapp.com
Receive your salary in Swiss francs without opening a Swiss bank account.
With Moneyswapp.com, you can get a personal Swiss IBAN in CHF for free, with no opening or management fees.
Your new IBAN will start with the letters “CH”, just like a real Swiss bank account, and it will be customizable.
You can choose the last 12 characters of your Swiss IBAN, using letters and numbers. For example, you can create “CH89 83019 JAMESSWISS82”.
No
hidden costs
ATTENTION: all money received on your CHF IBAN is automatically
converted into euros and transferred to your linked EUR account.
Zero fees
opening
Zero fees
maintenance
Zero
bank bureaucracy
Important to know
How it works:
The account may be used exclusively to receive salary payments or credits from pension institutions in CHF. All incoming funds to your CHF account on Moneyswapp.com are automatically converted and transferred to your linked euro account. It is not possible to make payments, withdrawals, or transfers in CHF or in any other currency. The conversion and transfer to euros take place automatically, without any action required on your part.
Who is our free CHF account for?
The service is designed for:
Cross-border workers
who receive their salary in Swiss francs but live in the euro area
Residents abroad
who want to avoid the costs and bureaucracy of Swiss banks
Those looking for an alternative
simpler and more affordable than a traditional bank account in Switzerland
Remember: by exchanging an annual salary of 50,000 CHF with Moneyswapp.com, you can get up to 13'200€ more than the rate offered by a traditional bank!
Why not use the bank?
What is the real cost of a traditional bank account in Switzerland for non-residents (including cross-border workers)?
Spread: from 0.15%
Spread: 2.5%
Spread: 1%
The conversion and credit in euros may take up to 48 hours or two business days.
The free CHF IBAN service is provided in collaboration with YAPEAL AG of Zurich. YAPEAL holds a fintech licence issued by the Swiss Financial Market Supervisory Authority (FINMA) and is regulated under the Swiss Federal Banking Act, Art. 1b.
How does
it work?
From salary in CHF to account in EUR: we take care of everything
We assign you a free Swiss IBAN
in your name
The employer sends the salary
to your new Moneyswapp.com IBAN
We automatically convert
CHF into EUR at the best available rate
Receive the euros in your account
in Europe
Frequently Asked Questions | FAQ
It’s normal to have doubts before trying a new service. That’s why we want to answer the most common questions right away.
What is Moneyswapp.com’s free CHF IBAN?
It’s a personal Swiss IBAN in Swiss francs (prefix “CH”) that lets you receive your salary or pension in CHF without opening a Swiss bank account. The funds are automatically converted into euros and sent to the EUR account you registered on Moneyswapp.com. Processing is fast but not instantaneous, as we must complete security checks before sending the exchanged funds.
Do I need a Swiss bank account to use this service?
No. The free CHF IBAN (vIBAN) works without opening a Swiss bank account. The service is provided via Moneyswapp.com in collaboration with YAPEAL AG, a Swiss company holding a FINMA fintech license and regulated under the Swiss Federal Banking Act, Art. 1b.
Can I use the IBAN for CHF payments or cash withdrawals?
No. The free CHF IBAN is only for receiving credits in CHF from your employer or pension authority. It cannot be used for withdrawals, payments, transfers, or deposits.
Is the IBAN truly Swiss?
Yes. Your IBAN will start with “CH” and is issued in Switzerland by YAPEAL AG, a FINMA-licensed fintech.
Can I personalize my IBAN?
Yes. You can choose the last 12 characters (letters and numbers) of your Swiss IBAN. Example: CH89 83019 PETERSWISS82.
How much does the service cost?
It’s completely free:
- No opening fees
- No maintenance fees
- No hidden charges
You only pay the small FX spread, already included in the rate shown on Moneyswapp.com.
Who can request the free CHF IBAN?
Designed for:
- Cross-border workers employed in Switzerland and living in the euro area
- Pensioners or residents abroad who receive CHF credits
- Anyone seeking a simple, low-cost alternative to a Swiss bank account
Can I receive my salary from any Swiss company?
Yes. Provide your new Moneyswapp.com IBAN to the employer or entity that pays your salary, pension, or annuity in CHF. It can also be used for 2nd pillar (occupational pension) disbursements.
How is CHF converted to EUR?
As soon as your CHF payment arrives, the amount is automatically exchanged into euros at the best available rate at the time of credit and sent to your linked EUR bank account.
How long until the euros reach my account?
Conversion and EUR crediting take up to 48 hours or two business days; most transactions complete within a few hours.
Can I link any euro account?
Yes, provided it is in your name and located within the SEPA area (European Union).
What happens on public holidays, bank closures, or if you receive my salary/pension outside business hours?
If we receive your salary or pension on or around public holidays or during bank closure periods, processing and EUR payout may take longer than the standard two business days. In such cases, the exchanged EUR may arrive on the next applicable banking day. Note that for cross-border transfers, holiday and closure calendars can differ by country, region, and institution, which can impact timelines. Saturdays and Sundays are not banking days. If your funds arrive outside business hours, the exchange will be handled in the next available operating window—same day when possible, otherwise the next business day.
Are there limits on the amounts I can receive?
If we receive your salary or pension on or around public holidays or during bank closure periods, processing and EUR payout may take longer than the standard two business days. In such cases, the exchanged EUR may arrive on the next applicable banking day. Note that for cross-border transfers, holiday and closure calendars can differ by country, region, and institution, which can impact timelines. Saturdays and Sundays are not banking days. If your funds arrive outside business hours, the exchange will be handled in the next available operating window—same day when possible, otherwise the next business day.
Is the service secure?
Yes. Moneyswapp.com works with YAPEAL AG, a FINMA-licensed Swiss fintech under the Swiss Federal Banking Act (Art. 1b). Controls comply with Swiss regulatory requirements.
Can I receive transfers from private individuals or friends?
No. The IBAN is intended only for salary or pension credits. Personal transfers are not permitted.
How do I request the free CHF IBAN?
After signing up on Moneyswapp.com, go to your account area, select “Virtual IBAN,” and follow the steps. Alternatively, contact customer support.
After signing up on Moneyswapp.com, go to your account area, select “Virtual IBAN,” and follow the steps. Alternatively, contact customer support.
How will I know when my salary has been credited?
You’ll receive an email notification from Moneyswapp.com as soon as your credit has been processed and converted into euros.
What advantages versus a traditional bank?
With Moneyswapp.com’s virtual IBAN you:
- Avoid Swiss account keeping fees (often up to CHF 30/month)
- Benefit from the preferential FX rate available to Moneyswapp.com clients
Plus: no paperwork and zero management fees.
Which exchange rate will apply?
The rate offered by Moneyswapp.com at the time your CHF are received.
Can I close the service at any time?
Yes. You may deactivate the free CHF IBAN at any time without penalties or extra costs. Contact customer support to deactivate your vIBAN.
What happens if I change employer or pension authority?
If you change employer, please notify customer support and provide a recent payslip from your new employer so we can update the employer linked to your vIBAN.
Is customer support available?
Yes. In your account area you’ll find a dedicated “Request assistance” section. You can also reach out via the support channels listed on Moneyswapp.com.
Can I choose when to exchange the salary credited to the vIBAN?
No. Once the funds are credited to the vIBAN, we exchange and send them to your EUR destination account on the same business day at the rate in effect at the time of credit.