Frequently Asked Questions

• What's the cheapest way to send money from Switzerland to Latvia?

  The cheapest way to send money from Switzerland to Latvia is through an online provider. Among the 17 available, Wise was most often the cheapest provider (in 69.2% of the searches on Monito.com in the past 3 months).

• What are the best providers to send money from Switzerland to Latvia?

  Here are the providers that were the most often the cheapest in the comparisons of the past 30 days on Monito.com:

  • Wise (cheapest in 69.2% of the searches)
  • Revolut (cheapest in 22.1% of the searches)
  • Dahabshiil (cheapest in 5.3% of the searches)
• How much does it cost to send money from Switzerland to Latvia?

  If you send money with the cheapest available provider, the total cost of a CHF-EUR transfer was 0.2% of the transfer amount (including all fees and exchange rates) over the past month.

  In contrast, the cost of the most expensive option was 6.4%.

• What is the cost of making an international transfer from Switzerland to Latvia using my bank?

  The average total cost (including hidden exchange rate markup) of making a CHF-EUR transfer with banks compared by Monito.com during the past months was 0.9% of the transfer amount. This is 3.8x more expensive than sending money with the cheapest online provider alternative.

  For a 30000 CHF transfer, this represents a saving potential of around 204.0 CHF.

• Is Western Union a good option for sending money from Switzerland to Latvia?

  Western Union is a popular provider, with the biggest agent location network. The average cost of online money transfers from Switzerland to Latvia with Western Union* is 3.7% of the amount you send, whereas the cheapest online services have an average cost of 0.2%.
  
  MoneyGram is the provider that is most often the cheapest for money transfers to a cash pick-up location in Latvia.
  
  *Sending money from physical agent locations with Western Union is usually much more expensive than using their online service.

• What's the cheapest provider to send money from Switzerland to a cash pick-up location in Latvia?

  Over the past 3 months, the provider that was most often the cheapest for cash pick-up transfers in Latvia was MoneyGram, with an average cost of 3.8% of the amount you send (includes fees + exchange rate margin).
  
  The average total cost to send to a bank account rather than to a pick-up location during the same period was 0.2%. Wise was the provider most often the cheapest for transfers to bank accounts in Latvia.

• What is the fastest option to send money from Switzerland to Latvia

  The provider that was most often the fastest provider in comparisons of the past 30 days was Revolut (average fastest transfer time: In minutes)