--- title: "Repatriate your 2nd & 3rd pillar at the best CHF ↔ EUR rate, without eroding your retirement." url: https://www.ibani.com/en/personal/pension-withdrawal lang: en --- 2nd pillar (LPP) · 3rd pillar · Vested benefits # Repatriate your 2nd & 3rd pillar at the best CHF ↔ EUR rate, without eroding your retirement. It's the capital of a lifetime. Don't let your vested benefits foundation apply an **unfavorable exchange rate** upon your permanent departure or retirement. Receive your CHF on a nominative Swiss IBAN and optimize the conversion securely. [Open my free account](https://www.ibani.com/en/app) How it works **0.40%** Max. margin (tiered) **Real rate** Interbank + margin **Geneva** SO-FIT affiliated (SRO) Pillar withdrawal · CHF 200,000 Exchange by the foundation's bank Opaque bank margin applied ≈ 208,400 EUR Unfavorable rate Exchange by ibani · Real rate Margin from 0.15% on interbank ≈ 211,800 EUR Interbank rate Estimated savings on this repatriation ~3,400EUR Indicative example. The actual gain depends on the day's rate and the amount. **Nominative Swiss IBAN** In your name, for the foundation **Interbank rate** Margin from 0.15%, tiered **No limit** Large capital supported **Audited for its activity** Capital kept safe [![SO-FIT logo](https://www.ibani.com/images/sofit-light.svg) SO-FIT (SRO) affiliated\*](https://so-fit.ch/) Pillar repatriation in brief ## Optimize the conversion of a lifetime's capital. When withdrawing a 2nd pillar (LPP), a 3rd pillar or vested benefits, the exchange rate applied can cost you several thousand francs. Here's why to use ibani. ### A Swiss IBAN in your name Receive your foundation's payment in CHF on a nominative Swiss IBAN. Free to open, with no maintenance or closing fees. ### Real interbank rate A tiered margin from 0.40% to 0.15% (up to 10× lower than banks), applied to the real interbank rate — not your foundation's rate. ### Swiss security and regulatory framework ibani SA is established in Geneva, audited for its activity and affiliated with the SRO SO-FIT, recognized by FINMA. Your capital is handled with rigor. ### No amount limit No cap. Above CHF 1 million, tailored execution is available on request. The direct-transfer trap ## Why not ask for a direct transfer in euros? If you ask your pension fund or vested benefits foundation to pay your capital (CHF) to your account abroad (EUR), it is often **the foundation's bank** that performs the exchange. **⚠️ Watch out:** these institutions do not specialize in competitive exchange. They may apply significant fees or margins. On a capital of CHF 200,000, **the gap can amount to several thousand francs**. By using ibani, you receive the CHF on your Swiss IBAN, and we perform the exchange at the **real interbank rate**, plus a margin of 0.40% to 0.15% depending on the amount — you keep control of your capital. ✕ **Direct transfer in euros** The foundation's bank converts your CHF. Opaque rate, high margin: on CHF 200,000, several thousand francs can vanish. ✓ **Receive in CHF + ibani exchange** You receive your CHF on your nominative Swiss IBAN, then ibani applies a real interbank rate with a margin from 0.40% to 0.15%. ~3,400 EUR saved in the example above Indicative example. The actual gain depends on the day's rate and the amount. 3 simple steps ## How to retrieve your funds with peace of mind. From opening your account to receiving euros on your personal account: a clear journey, with no nasty surprises on the exchange rate. ### Open your ibani account Opening is free and 100% digital via our app. It gives you a Swiss (CH) IBAN in your name. ### Inform the foundation Fill out your vested benefits foundation's exit form, indicating your ibani IBAN as the beneficiary. ### Receipt & optimized exchange As soon as funds are received, we notify you. The exchange is performed at the real rate (+ margin from 0.15%) and the euros are transferred to your personal account. [Open my free account](https://www.ibani.com/en/app) Your repatriation, step by step Foundation payment received Pension capital · Nominative Swiss IBAN +200,000 CHF Today Exchange done · Real rate CHF → EUR · Margin from 0.15% ≈ 211,800 EUR Same day Transfer · Personal account SEPA transfer · No fees − 211,800 EUR Confirmed [![SO-FIT logo](https://www.ibani.com/images/sofit-light.svg)](https://so-fit.ch/) ## Swiss financial intermediary subject to the AMLA regulatory framework Your money is handled with the utmost regulatory rigor. ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for its activity. ibani SA is affiliated to [SO-FIT](https://so-fit.ch/) as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organization recognized by the Swiss Financial Market Supervisory Authority ([FINMA](https://www.finma.ch/en/authorisation/self-regulatory-organisations-sros/sro-member-search/)). Frequently asked questions ## Frequently asked questions about vested benefits Everything you need to know to withdraw and repatriate your 2nd and 3rd pillar with confidence. Yes, in case of permanent departure from Switzerland (except to an EU/EFTA country for the mandatory part), to become self-employed, or to buy a primary residence. ibani facilitates the exchange of these funds once released. Withholding tax is generally deducted by the foundation *before* payment. You therefore receive the net amount on your ibani account, which we then convert into euros at the real rate, plus a margin of 0.40% to 0.15% depending on the amount. No, there is no limit. Above CHF 1 million, tailored execution is available on [request](https://www.ibani.com/en/contact). If you request payment directly in euros, it is the foundation's bank that performs the exchange. These institutions do not specialize in competitive exchange and may apply significant margins. By using ibani, you receive the CHF on your Swiss IBAN and we apply the real interbank rate, plus a margin of 0.40% to 0.15% depending on the amount. Yes. Founded in Geneva in 2018, ibani SA is a Swiss financial intermediary audited for its activity, affiliated with [SO-FIT](https://so-fit.ch/), a self-regulatory organization recognized by [FINMA](https://www.finma.ch/) in accordance with the Anti-Money Laundering Act (AMLA). [See all questions →](https://www.ibani.com/en/support) ## A lifetime's capital deserves the best rate on the market. Opening an account is free, 100% digital and takes just 5 minutes. Receive your 2nd and 3rd pillar on a nominative Swiss IBAN and repatriate your funds at the real rate (+ margin from 0.15%). [OPEN A FREE ACCOUNT](https://www.ibani.com/en/app) [Contact us](https://www.ibani.com/en/contact) ✓ Zero opening fees  ·  ✓ Affiliated with SO-FIT (SRO)  ·  ✓ Data hosted in Switzerland