The Swiss IBAN is a personal Swiss IBAN and SEPA account in CHF, EUR, USD and RMB with its own virtual Mastercard, provided in collaboration with Fiat24. It is free, and you open it in the THORWallet mobile app with a seed wallet.
On this page
The Swiss IBAN gives you a personal Swiss IBAN with SEPA transfers and a virtual Mastercard, next to your self-custody wallet. You can hold CHF, EUR, USD and RMB, receive money from others and pay out to your own bank.
What you get
- A personal Swiss IBAN and SEPA account, provided in collaboration with Fiat24.
- Balances in CHF, EUR, USD and RMB.
- A virtual Mastercard. The app states that it works with Apple Pay and Google Pay.
- Card payments are charged to the balance in the matching currency. For other currencies, or when that balance is too low, the card uses the default card currency you choose in the settings.
Swiss IBAN or THORWallet Card
| Swiss IBAN | THORWallet Card | |
|---|---|---|
| What it is | Swiss IBAN and SEPA account with a virtual Mastercard | Mastercard you top up from your wallet |
| Currencies | CHF, EUR, USD, RMB | USD |
| Price | Free | Basic $5 or free with an invite code, Premium $124 or $99 with a code |
| Top-up fee | 0.25% to 1% | 0% with USDC |
| FX fee | 1% | 1.5% |
| Card type | Virtual | Virtual (Basic), virtual and physical (Premium) |
| ATM withdrawals | Not available | $1 domestic, $5 international |
| Cashback | None | 0.5% in USDC on Premium |
| Send and receive by IBAN | Yes | No |
| Monthly limit | Up to $10M, depending on tier | $100,000 (Basic), $1,000,000 (Premium) |
You can have both if you are eligible for each.
How to open it
The Swiss IBAN can only be opened and managed in the THORWallet mobile app, with a seed wallet. It is not available in the web app or in a vault. You also need a biometric passport from a supported country and must be in your country of residence.
- Open the Cards tab and swipe to Swiss IBAN.
- Tap Join Swiss IBAN.
- On the You Need sheet, tick the three confirmations: your biometric passport is ready, your passport is in the list of supported countries, and you are in the location of your residency. The sheet links to the lists of supported countries.
- Tap Get it for FREE. The app creates your account. This step costs nothing.
- Tap Open link and sign the message with your wallet. Signing is free and uses no gas.
- Complete the registration and the identity check on the Fiat24 page.
If you already have a THORWallet Card, swipe to the last slide in the Cards tab, tap Add card and choose Swiss IBAN Account. Then continue with step 2.
The Mastercard activates when your account balance exceeds the amount shown on the card screen. Tap Top up now to activate.
Deposit money
Open the Swiss IBAN in the Cards tab and tap Top Up.
- Crypto Deposit. Deposit USDC on Arbitrum from your wallet. The amount must be above $5. The review screen shows the fee before you confirm.
- Deposit from your bank. Choose the second tab. Send a transfer from an account in your own name to the details shown. The account then appears in the app for payouts.
Send and exchange money
Tap Transfer and choose one of the options:
- Send Fiat to a Peer sends money to another person who has a THORWallet Swiss account.
- Payout to your Bank sends money to a linked account in your own name. The account must have an IBAN.
- The third option pays any other account: you enter the IBAN, the full name and address of the recipient, a purpose and an optional reference.
FX Trade converts one currency balance into another. Buy uses your balance to buy crypto.
Fees and limits
| Item | Swiss IBAN |
|---|---|
| Account and card | Free, no subscription |
| FX fee | 1% |
| Top-up fee | 0.25% to 1% |
| Monthly limit | Up to $10M, depending on tier |
| ATM withdrawals | Not available |
| Cashback | None |
Your current card limits and account limits are in the settings of the Swiss IBAN card in the app. Fees and limits can vary by country and verification status and can change.
Support is available in the chat inside the app. Support will never ask for your recovery phrase.
Related
Common questions
Who provides the Swiss IBAN?
The Swiss IBAN and its Mastercard are provided in collaboration with Fiat24. You complete the registration and the identity check on the Fiat24 page that the app opens.
What does the Swiss IBAN cost?
The account and the card are free, with no subscription. The FX fee is 1% and crypto top-ups cost 0.25% to 1%.
Is the Swiss IBAN the same as the THORWallet Card?
No. They are two separate products with separate sign-ups. The THORWallet Card is a US dollar Mastercard you top up from your wallet. The Swiss IBAN is a multi-currency account with its own virtual Mastercard.
Can I withdraw cash with the Swiss IBAN Mastercard?
No. ATM withdrawals are not available with the Swiss IBAN Mastercard.
Can I pay out to my own bank?
Yes. Use Transfer and then Payout to your Bank. The account must be in your name and must have an IBAN.
Can I use the Swiss IBAN in the web app?
No. The Swiss IBAN can only be opened and managed in the mobile app.
Thank you.
Sorry about that. Chat with support inside the app, or write to info@thorwallet.org. Support will never ask for your recovery phrase.