Wire transfer is the fastest mode of receiving money in your St.Galler Kantonalbank (Switzerland) account from abroad. You can receive money into your St.Galler Kantonalbank account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to St.Galler Kantonalbank

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in Switzerland) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your St.Galler Kantonalbank account, please provide the following wire instructions to the sending financial institution:

Bank Name:	St.Galler Kantonalbank Switzerland
SWIFT BIC Code for St.Galler Kantonalbank:	KBSGCH22
Bank Address:	St. Leonhardstrasse 25 9001 St. Gallen
Beneficiary Account Number:	Your complete St.Galler Kantonalbank account number (including leading zeros, if any)
Beneficiary Name:	The full name of your account as it appears on your statement
Beneficiary Address:	Your complete address

Note of Caution on Fees: If your money transfer involves currency conversion, there is a high chance you will get a poor exchange rate from the banks and as a result pay high hidden fees. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Outgoing International Wire Transfer Instructions

To send international wire transfer from your St.Galler Kantonalbank account, You need to know the following information about the person or company receiving the money:

1. The recipient’s account name and address
2. The recipient’s IBAN or account number
3. The name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code

Incoming Wire Transfer Fees for St.Galler Kantonalbank Switzerland

International Incoming Wire Transfer Fees for St.Galler Kantonalbank is as follows:

Payment type	Cost
Incoming Wire transfer Fees	Fees vary depending on the conditions of your account, the country of destination and the chosen currency.

Outgoing Wire Transfer Fees for St.Galler Kantonalbank Switzerland

International Outgoing Wire Transfer Fees for St.Galler Kantonalbank is as follows:

Payment type	Cost
Transaction value in CHF	Upto 25000	1.60%
	Upto 100000	1.40%
	Upto 1000000	1.20%
	From 1000000	1%
Minimum if instruction given to client advisor/ Client Advisory Center	CHF 120
Minimum if instruction sent via electronic channels	CHF 60

Apart from the wire transfer fees, if the transfer involves currency conversion, banks make money on currency conversion as well by giving retail conversion rates to you which is usually 1-2% lower than the market rate. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Wire Transfer Cutoff Time for St.Galler Kantonalbank Switzerland

1. The Cut-off Time for St.Galler Kantonalbank differs. Please visit your nearest branch for cut-off time.
2. Any requests received after cutoff time will normally be processed the next working day.