Direct Debit

The term direct debit denotes an order by which a bank account holder grants a third party the right to draw on their bank account. In Switzerland, a standard direct debit order is referred to as an LSV. With the exception of PostFinance, Swiss banks now offer the LSV+ standard which allows the account holder to dispute direct debit transactions. PostFinance uses its own Swiss Direct Debit (CH-DD) standard for direct debit orders.

To set up a direct debit order, the bank account holder must complete and sign a debit authorization form which grants a specified third party the right to debit money directly from their account on an ongoing basis. Once the direct debit has been set up, transactions are handled by the third party and the bank, with no need for further involvement on the part of the account holder.

The absence of recurring involvement makes direct debits a practical solution for paying recurring bills. This is especially true for variable bills such as phone, power and credit card bills because the biller can debit the exact amount owed each billing period. A standing order, on the other hand, has a fixed transaction amount which must be changed manually, so it is best suited to non-variable recurring transactions.

A significant disadvantage of direct debits compared to eBills or QR-bills is that you do not have a chance to approve or reject bills before they are charged to your account. However, both the LSV+ and the CH-DD direct debit standards give you the option of disputing debits within 30 days of the transaction date.

Swiss banks generally do not charge any fees for direct debits from private accounts.

More on this topic:
Direct debits in Switzerland FAQ

Request now for free

Cheap bank accounts with card

Free bank account


  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Swiss digital bank


  • Multi-currency account with Visa card (CHF, EUR, USD, GBP)

  • Favorable foreign exchange rates

  • CHF 100 welcome bonus

Online private account

UBS key4

  • 50 KeyClub points as a welcome gift

  • Online private account with debit card

Swiss bank packages comparison

Find the best bank offer now

Compare now
Trading platforms

Brokers with low fees

Swiss Broker


  • Swiss online bank

  • No additional exchange charges

  • No transaction fees for Swiss equities

Swiss Broker

Saxo Bank Switzerland

  • Swiss online bank

  • Favorable prices stock trading

  • High account interest rates

Swiss Broker


  • Swiss online bank

  • No custody fees for stocks

  • Free market research and trading signals

Expert Benjamin Manz
Benjamin Manz is CEO of and an independent expert on banking and finance.