Receiving
Swiss Franc (CHF).

How CHF receiving actually works

Wise and Revolut both offer a multi-currency wallet with local receiving details — Wise issues a CHF account number under their local banking partnerships, so a sender from Switzerland pays as if to a domestic account. Bunq Premium offers local IBANs in select European currencies. For freelancers and SMBs receiving recurring CHF, the local-account route is essential — it avoids the inbound FX spread that legacy banks impose on the recipient.

Watchouts and hidden costs

Some neobanks charge a small fee for converting received CHF to EUR — Revolut Standard adds 1% on weekends. Wise charges no incoming fee; the FX cost is on the conversion. For CHF receipts above CHF 100,000, verify esisuisse coverage at the receiving institution: EMI safeguarding is not deposit insurance.

Can I get a local CHF account as an EU resident?

Yes — Wise and Revolut both issue local CHF receiving details under their local banking partnerships. Bunq Premium offers select multi-currency receivables. The setup is typically same-day; the local account number is yours to share with senders in Switzerland.

Are incoming CHF transfers taxed or reported in the EU?

Incoming transfers themselves are not taxed, but income or capital gains on them are. EU neobanks report account activity above national thresholds to tax authorities under DAC8 (effective 2026). Keep documentation of the source for any incoming CHF payment.

Is the received CHF balance insured?

At credit-institution neobanks (Revolut, N26, Bunq holding full banking licences), CHF balances are covered by esisuisse up to CHF 100,000. At EMIs (Wise), funds are safeguarded but not deposit-insured.