MIG Banque SA

In 2013 MIG Banque SA was taken over by Swissquote Bank SA.

MIG Banque SA participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

MIG Banque SA was headquartered in Lausanne.

Address
Avenue d'Ouchy 4-6, 1006, Lausanne, Switzerland
Phone
032 722 81 00
Fax
032 722 81 01
Bank Category
Foreign-controlled banks
Start Date
2009
Close Date
2013
Deposit Guarantee
100 000 CHF
BIC (SWIFT)
MIGBCH22XXX

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 CHF per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.

In the case of MIG Banque SA failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, commercial enterprises and public-sector offices
Covered Accounts  credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)
Covered Currencies  all
Maximum Protected Amount  100 000 CHF
Paid In Currency  CHF

Further Information

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of MIG Banque SA and its components are shown in the table below.

BIC  MIGBCH22XXX
Bank BIC Code  MIGB
Country Code  CH (Switzerland)
Location Code  22
Branch Code  XXX