Question 1

What is the SWIFT code for Migros Bank?

Accepted Answer

The SWIFT/BIC code for Migros Bank is MIGRCHZZ. This 11-character code identifies the bank in international wire transfers and is registered with SWIFT (Society for Worldwide Interbank Financial Telecommunication).

Question 2

How do I send an international wire transfer to Migros Bank?

Accepted Answer

To send money internationally to Migros Bank, provide your bank with the SWIFT/BIC code MIGRCHZZ (ZURICH, Switzerland) along with the recipient's full IBAN. Your bank will route the transfer via the SWIFT network.

Question 3

Is Migros Bank a SEPA member?

Accepted Answer

Yes, Migros Bank is a SEPA (Single Euro Payments Area) member. Euro transfers within the SEPA zone can be processed as fast, low-cost SEPA Credit Transfers using the recipient's IBAN, with no SWIFT fees required for intra-SEPA payments.

Question 4

What does the BIC code MIGRCHZZ mean?

Accepted Answer

In the BIC code MIGRCHZZ: "MIGR" is the institution code identifying Migros Bank, "CH" is the ISO 3166-1 country code for Switzerland, and "ZZ" is the location code indicating the bank's city or timezone zone. The final three characters "XXX" identify a specific branch.

MIGRCHZZ

Frequently Asked Questions