Payment rail · Switzerland
Payment rail · SwitzerlandWhat is SIC?
SIC — Swiss Interbank Clearing — is Switzerland’s central payment system, settling large-value and retail franc payments, operated by SIX Interbank Clearing on behalf of the Swiss National Bank. Poplin pays out to Switzerland over SIC, settling within one business day at the latest.
Source: Swiss National Bank (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
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A payout to Switzerland clears fastest over
SIC
settles within one business day · 0.5% + $1.00 on a business account
Also reaches EUR accounts over
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over SIC — and what Poplin charges to send.
Settlement
Next day
a ceiling, not the typical time
Reaches
1
country — Switzerland
Paid out in
CHF
Swiss franc
Business fee
0.5%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How SIC payouts move.
From your US-dollar balance to an account in Switzerland — four steps.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become Swiss francs at the mid-market rate — no markup added.
Cleared over SIC
Poplin clears the payout over SIC, Switzerland’s franc payment system.
Arrives inside the window
SIC settles within one business day — a ceiling, not the typical time; how fast it lands depends on the receiving bank.
// coverage
Where SIC reaches.
Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
SIC — FAQ
Basics
What is SIC?
SIC — Swiss Interbank Clearing — is Switzerland’s central payment system, settling large-value and retail franc payments, operated by SIX Interbank Clearing on behalf of the Swiss National Bank. Poplin pays out to Switzerland over SIC, settling within one business day at the latest.
Speed
How long do SIC payouts take?
Over SIC, Poplin payouts settle within one business day. Payments leave your account in seconds; SIC then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money over SIC with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 0.5% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage
Which countries does Poplin reach over SIC?
SIC is how Poplin pays out to Switzerland, in CHF. Poplin also reaches Switzerland over SEPA (EUR) and SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to Switzerland over SIC.
Open a US-dollar account in minutes. No monthly fees.