You can get a personal Swiss IBAN in your ether.fi account. CHF you send to it arrives in your Vault as ZCHF, a Swiss franc stablecoin.
You can also send ZCHF back out as CHF to a Swiss bank account in your own name. Our partner handles the CHF transfers.
About our partner: CHF bank transfers are provided by Mt Pelerin, an independent Swiss company. Your Swiss IBAN is issued by Mt Pelerin, and during setup, you accept Mt Pelerin's Terms and Conditions.
You don't need to create a separate Mt Pelerin account. You can complete the entire process directly through the ether.fi web app.
Who can use CHF bank transfers?
CHF bank transfers are available for personal accounts only. Business accounts are not supported.
CHF bank transfers are currently available through the web app only: https://www.ether.fi/app/cash/bank/chf. Mobile app support is coming soon.
CHF bank transfers are not available to residents of Afghanistan, Angola, Bangladesh, Belarus, Burkina Faso, Burundi, Central African Republic, Cuba, Democratic Republic of the Congo, Guinea, Guinea-Bissau, Haiti, Indonesia, Iran, Iraq, Lebanon, Libya, mainland China, Mali, Myanmar, Nicaragua, Niger, North Korea, Russia, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, the United States, Venezuela, Yemen, and Zimbabwe.
You can only send and receive CHF using bank accounts in your own name. Transfers involving someone else's bank account will be returned.
If you don't see Swiss Franc (CHF) as an option, this feature isn't available for your account yet.
How do I set up CHF transfers?
You only need to complete the setup once.
Complete the short CHF questionnaire if prompted.
Confirm the two signing prompts:
The first connects your account to Mt Pelerin and confirms your acceptance of their terms.
The second confirms that you own your Vault.
Wait while your verification details are shared with Mt Pelerin. This usually takes a few minutes.
Once setup is complete, your personal Swiss IBAN will be displayed.
If you see "Your IBAN is being set up", this is normal. Check back later.
How do I add CHF to my Vault?
Copy your IBAN, beneficiary name, and address exactly as displayed.
Open your banking app and send CHF from a Swiss bank account registered in your own name.
Your CHF will arrive in your Vault as ZCHF on the Optimism network, usually within 1 to 2 Swiss business days.
Deposits from bank accounts belonging to someone else will be returned.
How do I send CHF to my bank account?
Select New Recipient, choose CHF, then select Local transfer.
Enter your Swiss bank account details and select This is my own account. The account must be registered in your name.
Choose ZCHF as the payment asset. CHF payouts can only be made using ZCHF.
Review the amount, exchange rate, and applicable fees.
Select Sign & Send to confirm the transfer.
The exchange rate is locked for 60 minutes after you confirm your transfer.
The CHF usually arrives in your bank account within 1 to 2 Swiss business days.
Transfers to bank accounts that aren't registered in your name will be returned.
Are there any fees for CHF transfers?
There is currently no fee for CHF transfers.
If any fees apply, they will be displayed before you confirm your transaction.
What can I do with ZCHF?
You can spend ZCHF using your ether.fi card. The card's foreign exchange fee currently applies, even when making payments in CHF.
ZCHF counts as collateral for Borrow.
How do I track my CHF transfers?
You can track the status of your CHF transfers through Transaction History - https://www.ether.fi/app/cash/transaction-history in the ether.fi app.
Email notifications are not sent for CHF transfers.
Still have questions?
If you have any questions or need assistance, you can contact ether.fi Support via live chat.