ibani is built on a simple principle : a personal Swiss transit IBAN in your name. You receive your funds on it, we convert them at the real market rate, then we transfer them to the account of your choice. Discover how it works in 5 steps.
| Criterion | ibani | Bank | Exchange office |
|---|---|---|---|
| Starting rate | Real interbank | « In-house » rate | « In-house » rate |
| Exchange margin | From 0.40% | ~1.5% to 2% | Often > 2% |
| Transfer fees | 0 CHF | Variable | — |
| Personal Swiss IBAN | Yes, dedicated | Full account required | No |
| To declare in taxes | No (transit account) | Yes | — |
| 100% digital tracking | Yes | Partial | No |
Margin from 0.40% on the real interbank rate · 0 transfer fees
In short : ibani is a Swiss currency exchange service. You receive your funds on a personal Swiss transit IBAN, ibani converts them at the real market rate then sends them to the account of your choice. Here are the four essential points to remember.
A CH IBAN in your name, dedicated to a currency pair. It's not a deposit account to declare, but a pass-through account for currency exchange.
A sliding margin from 0.40% (up to 10× lower than banks), applied to the interbank rate. No hidden fees.
Automatic conversion on receipt, or put on hold to trigger the exchange yourself when the rate suits you.
Founded in Geneva in 2018, ibani SA is a financial intermediary affiliated with SO-FIT, a self-regulatory organisation recognised by FINMA.
Manually exchanging your currencies at the bank or exchange office wastes time and money. With ibani, you set up your transfer route just once : then every incoming transfer is converted and repatriated all by itself.
Available on iOS and Android. Sign-up is 100% digital, free and takes around 5 minutes, with fast identity verification.
Tell us the currency in which you will receive your funds, then the one into which we should convert them : CHF, EUR, USD, GBP, CAD, SGD, HKD, JPY, NOK, NZD, SEK or TRY.
Enter the details of the bank account on which you want to receive the funds once converted.
We assign you a CH IBAN in your name, dedicated to the route you have just created. It's a pass-through account, not a deposit account : nothing to declare in your taxes.
The funds received are converted at the market rate on receipt (or at your signal), then transferred immediately. Received on a business-day morning, they leave again within half an hour.
The heart of the ibani service is your personal Swiss IBAN. It lets you automate your currency exchange simply and securely. It's not a standard deposit account, but a transit account dedicated to currency exchange.
You'll find your Swiss bank details directly in the mobile app, ready to share with an employer, a temp agency or any payer. As it bears your name, no reference code is needed for the funds to arrive safely.
ibani goes further than simple currency exchange. Add your one-off or recurring Swiss bills to the app (health insurance, 3rd pillar, parking, phone…). When your funds in CHF arrive, ibani :
No more making your money take pointless round trips across the border.
By default, every transfer received on your ibani IBAN is immediately converted at the market rate, then transferred to your destination account.
Prefer to wait for a better rate ? Switch your IBAN to manual mode : the funds stay on hold until you trigger the exchange at the desired moment, at the real market rate of that instant.
Everything you need to exchange your currencies and transfer your funds, with no constraints or nasty surprises.
Thanks to the personal IBAN, your funds arrive safely without having to enter any reference in the transfer. The only exchange service to allow this.
Your ibani IBAN is a Swiss IBAN : give it directly to your employer or payer. You can do without a traditional Swiss bank account.
No cap on the frequency, number or volume of your transfers. Suitable for monthly salary as well as large one-off amounts.
A single sliding margin from 0.40% on the exchange. No transfer, opening, maintenance or account closing fees. Nothing else.
CHF → EUR, but also USD, GBP, CAD, SGD, HKD, JPY, NOK, NZD, SEK and TRY — 12 currencies in total. Each pair has its own dedicated transit IBAN.
Get CHF 25 for each person you refer, and give them CHF 10 welcome. Learn more.
Thousands of clients who trust us with their currency exchange, every month, since 2018.
I am entirely satisfied with your services, your phone support, your responses and your speed of execution. You are a very dynamic and very friendly team.
Very satisfied with ibani's services. Very good exchange rate, transaction completed quickly, efficient app — in short, true professionals to recommend.
An ibani user for a few months now, I'm satisfied with the services offered. Conversion and transfer are done at excellent rates and speed!
First experience with ibani and no regrets. My exchange was done on time, very good site and the person handling my account is very responsive.
Advantageous and efficient transfers. The team is professional and very friendly. I find it reassuring that the head office is in Geneva.
I'm completely satisfied with ibani's services. Transfers are fast and the rate very good. I recommend.
The essential answers to understand how ibani works with full confidence.
ibani assigns you a Swiss (CH) IBAN in your name, dedicated to a transfer route. As soon as a transfer is received on it, ibani converts the funds at the real market rate and transfers them to your destination account. It's a pass-through account, not a deposit account to declare.
If we receive your funds on a business-day morning, the converted funds are sent back to the destination account within half an hour. In manual mode, the conversion is triggered when you decide.
No. The ibani IBAN is a transit account (pass-through account) and not a bank deposit account. The funds only stay there for the time of the conversion and transfer, so you don't need to declare it.
ibani handles 12 currencies: CHF, EUR, USD, GBP, CAD, SGD, HKD, JPY, NOK, NZD, SEK and TRY. Each currency pair has its own transfer route with a dedicated transit IBAN. Find the details on the our currencies page.
Yes. You can save one-off or recurring Swiss bills in the app. ibani pays them in CHF as soon as your funds are received, with no exchange or transfer fees, before converting and transferring the balance according to your preferences. See the guide Automate your Swiss bill payments.
ibani applies a sliding margin from 0.40% on the real exchange rate. There are no opening, account maintenance or SEPA transfer fees. It's up to 10× cheaper than a traditional bank. See the details on the Rates page.
✓ Zero opening fees · ✓ SO-FIT affiliated (SRO) · ✓ Data hosted in Switzerland
Your money is handled with the utmost regulatory rigour.
ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and operations to our name.
ibani SA is affiliated with SO-FIT as a financial intermediary. SO-FIT is a self-regulatory organisation (SRO) approved by the Swiss Financial Market Supervisory Authority (FINMA) for the supervision of the financial intermediaries referred to in Article 2 para. 3 of the Swiss Federal Act on Combating Money Laundering and Terrorist Financing in the Financial Sector (Anti-Money Laundering Act, AMLA).
