The SIC franc payment system

The pricing structure shown was prepared specifically for payment traffic specialists. It enables the calculation of transaction costs for credit transfers in Switzerland.

Transaction prices (in CHF) for outgoing payments


Level
Transactions per month
for bank payments
Fee per transaction
  from to  
1 1 unlimited 0.2800

Level
Transactions per month
for customer and third-party system payments
Fee per transaction
  from to  
1 1 1,000 0.2800
2 1,000 10,000 0.0280
3 10,001 100,000 0.0080
4 100,001
1,000,000 0.0060
5 1,000,001 2,500,000 0.0055
6 2,500,001 5,000,000 0.0050
7 5,000,001 10,000,000 0.0047
8 10,000,001 15,000,000 0.0045
9 15,000,001 20,000,000 0.0044
10 20,000,001 unlimited 0.0042
An additive volume model applies; i.e. upon reaching the next higher level, the transactions on the level beneath that retain their tariff.

Surcharge for late settlement
Fee per transaction
Surcharge 1
Settlement of a payment after 1:00 pm and until 4:00 pm
0.35
Surcharge 2
Settlement of a payment after 4:00 pm
1.00

Transaction prices (in CHF) for incoming payments

Level
Transactions per month
for bank payments
Fee per transaction
  from to  
1 1 unlimited 0.28

Level
Transactions per month
for customer and third-party system payments
Fee per transaction
  from to  
1 1 unlimited 0.022

Additional price information

As a joint venture of the Swiss banks, SIX Interbank Clearing Ltd has a price model that is not targeted towards profit maximization, but which covers its costs for the services provided and ensures an appropriate return on the capital invested. In this way, the participants can be offered attractive prices for the processing of payment transactions.
The transaction prices are designed so that they provide an incentive for system participants to submit payment orders as early as possible. This enables the participating banks to more efficiently plan their liquidity and also the system liquidity as a whole. Optimal behavior in this sense also reduces the risk of settlement delays. The clearing day is divided into time zones with progressive prices spread throughout the course of the day for the submission and settlement of payments.
Since the system participant, as a payment recipient, has no influence over the time of the payment processing, the transaction price they pay remains constant through the course of the day.
In addition to the graduated time zones in terms of pricing, the price concept differentiates between retail payments, which are associated with services from financial market participants (credit transfers, card payments, direct debits, etc.) and large-value payments over CHF 100,000. Higher prices apply for the latter.

Average price per SIC transaction in centimes