Find the best providers to send money to Switzerland
Our real-time comparison engine finds the cheapest providers for your transfer to Switzerland, you save on fees and exchange rates. That way, more money arrives.
How to send money to Switzerland
Learn how to transfer money to Switzerland at the most competitive cost in four easy steps
1. Check the CHF exchange rate against your sending currency
Although the evolution of the currency market is uncertain, it never hurts to keep an eye on it in order to maximize how many the receiver of the transfer will get. It's a good idea to use our smart alerts to frequently check the evolution of the CHF exchange rate.
2. Find the best option by comparing the 33 available providers.
We compare a lot of companies to make money transfers to Switzerland, such as TransferGo, TransferWise, Western Union, MoneyGram, CurrencyFair. Going with the best company from the available options is the best way to save money.
3. Pick the best service for your personal needs
What is the most important for you? The total cost, speed, customer reviews? Consider the advantages and disadvantages before making your decision.
It is also important to consider the pay-in and pay-out methods. You may have the choice to pay your transfer by bank transfer or by credit or debit cards. To receive the money in Switzerland, select the right option, whether you need the money to be sent directly to the recipient's bank account or be available for cash pick-up.
4. Sign up and get started wih your transfer with the money transfer provider you selected
The last step is to complete the sign-up form on the provider's homepage (you usually have to give some information to prove your identity), and provide the details of your money transfer to Switzerland.
Which provider to use for transferring money to Switzerland?
As Switzerland is not part of the European Union, it is true that some of the latest money transfer providers don’t have the necessary authorisations to operate in Switzerland yet. While this limits the number of providers you can use to send money from Switzerland, there are plenty of good solutions to choose from.
Most people sending money in CHF in Switzerland transfer the money to a bank account, and many of them still do an international bank transaction for this purpose. While banks often have low (or even zero) fees, they make money by offering you poor exchange rates. By using online money transfer providers that specialize in converting money at the lowest cost possible, you can save a lot of money. Companies like TransferWise, Azimo, CurrencyFair, Xendpay or TransferGo, all offer to send money from almost anywhere in Europe and the US to Switzerland, with bank-beating exchange rates and transparent pricing.
The online services mentioned above are easy-to-use and convenient, but if you plan to make a larger transaction in CHF (say more than 5000 CHF), you may want to use the more personalized services of a foreign exchange broker. Exchange Market, b-Sharpe, Currency Solutions, Currencies Direct, and OFX are our recommendations for Switzerland, and we would be happy to gather the quotes from all these providers for you to help you decide which one to use.
Find out which provider is currently the cheapest for your next transfer to Swizterland
Switzerland is a very international country and there are many reasons why you would need to send money to Switzerland. Whether you are sending money to Switzerland for business or personal matters, it is essential to compare your options before each transaction to find the providers with the best Swiss franc (CHF) exchange rates.
With our independent comparison results, we help international students studying at ETHZ or EPFL find the best providers to transfer money between their home country and Switzerland. We also help expatriates moving to Switzerland for a job in one of the international organisations in Geneva select a better alternative than their bank to transfer their money in the country, or business owners find the right solution to pay contractors or suppliers in Switzerland.
What information do you need to send money to a bank account in Switzerland
IBAN (ex. CH93 0076 2011 6238 5295 7)
The IBAN (International Bank Account Number) is an international norm for identifying bank accounts.
Name of the recipient
The name of the holder of the receiving bank account..
All banks in Switzerland use the IBAN system to facilitate international transactions, meaning that the only information you need to make an international bank transfer to a bank account in Switzerland is the IBAN number of the recipient’s bank account, as well as the name of the recipient.
All the providers and banks we list on our website can send money to any bank in Switzerland. You shouldn’t need the SWIFT/BIC code or even the name of the bank, as long as you have the IBAN.