Red Inpayment Slip (IS)

The red inpayment slip (IS) is one of two deposit slip standards used in Switzerland up until the introduction of the QR-bill on June 30, 2020. The second standard is the orange inpayment slip (ISR) which includes a reference number for automated processing.

Red inpayment slips continue to be used over an indefinite interim period from the introduction of the QR-bill on June 30, 2020.

Red inpayment slip explained:

  • Abbreviated form: IS
  • Unlike the orange inpayment slip, the red inpayment slip does not have a reference number.
  • The IS includes a field for a personal message in which the purpose of payment can be clarified by the depositor. This information is included with the payment received by the recipient.
  • The IS is suitable for business for businesses which send relatively low volumes of bills.
  • The IS can be used to deposit money into the bank accounts of individuals. Unlike orange inpayment slips which are only available to businesses, red inpayment slips are freely available to individuals.

Fields included on the red inpayment slip:

  • The recipient’s account number
  • The amount to be paid/deposited
  • An optional personal message explaining the reason for payment.
  • Currency: The currency to be paid or deposited must be entered correctly or the bank may charge foreign transaction fees.

Making payments and deposits at Swiss post offices:

As the payer, you are not charged any fees to pay bills or deposit money using red inpayment slips. However, the recipient of the money is charged relatively high fees in relation to the amount received. The fees charged to receive money via a red inpayment slip are higher than the fees charged to receive money via an orange inpayment slip. Some companies pass on the cost of billing via deposit slip to customers.

More on this topic:
QR-bill FAQ

Expert Benjamin Manz
Benjamin Manz was an expert on banking and financial topics at moneyland.ch.
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