ibani

ibani is a Geneva-based service for automated CHF/EUR exchange and currency transfers, operated by ibani SA, serving private individuals and companies. The website is in French.

How it works

A client can set up an IBAN for recurring conversion and transfer operations. According to the advertised workflow, CHF received is converted and EUR transferred on the same day, although banking cut-offs may apply.

Fees

A published maximum margin is 0.40 percent, decreasing with the amount to 0.15 percent. No account opening or maintenance fees are advertised.

Services and currencies

• Automated CHF/EUR exchange
• Currency transfers

CHF and EUR are named explicitly, but the currency list is not stated to be complete.

Clients and market

Individuals and companies are listed, and the market is Switzerland, with the office on Rue du Prince in Geneva.

Terms to confirm

Regulatory status, the bank that holds funds, minimum amounts and the conditions for other currencies are not specified. These should be checked before the first transaction, together with the cut-off time for same-day processing.