SWIFT Code FAVSCHGG — FONDS DE COMPENSATION DE L'AVS, GENEVA

About SWIFT Code FAVSCHGG — FONDS DE COMPENSATION DE L'AVS, GENEVA

SWIFT code FAVSCHGG is the official 8-character head-office BIC (Bank Identifier Code) for FONDS DE COMPENSATION DE L'AVS in GENEVA, Switzerland. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by FONDS DE COMPENSATION DE L'AVS for all outward international remittances from GENEVA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code FAVSCHGG

The code FAVSCHGG follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code FAVSCHGG

Receiving International Wire Transfers

To receive money from abroad at your FONDS DE COMPENSATION DE L'AVS account in GENEVA, share SWIFT code FAVSCHGG with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at FONDS DE COMPENSATION DE L'AVS, GENEVA must provide SWIFT code FAVSCHGG. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using FONDS DE COMPENSATION DE L'AVS in GENEVA rely on SWIFT code FAVSCHGG for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for FONDS DE COMPENSATION DE L'AVS →

For cheque clearing or NACH mandates, use the MICR code for FONDS DE COMPENSATION DE L'AVS →

For TDS challan deposits, find the BSR code for FONDS DE COMPENSATION DE L'AVS →

How SWIFT Code FAVSCHGG Routes an International Transfer

1. Initiation: The sender provides SWIFT code FAVSCHGG and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to FONDS DE COMPENSATION DE L'AVS.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: FONDS DE COMPENSATION DE L'AVS receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code FAVSCHGG

• Spaces or lowercase letters — Always enter FAVSCHGG uppercase with no spaces.
• Using the wrong city — This code is for GENEVA only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Switzerland.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm FAVSCHGG directly with FONDS DE COMPENSATION DE L'AVS's GENEVA branch or via the SWIFT BIC Directory.