Frequently Asked Questions

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

  The cheapest way to send money from Switzerland to the USA is through an online provider. Among the 17 available, CurrencyFair was most often the cheapest provider (in 63.0% of the searches on Monito.com in the past 3 months).

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

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

  • CurrencyFair (cheapest in 63.0% of the searches)
  • Revolut (cheapest in 16.7% of the searches)
  • Currencies Direct (cheapest in 15.6% of the searches)
• How much does it cost to send money from Switzerland to the USA?

  If you send money with the cheapest available provider, the total cost of a CHF-USD transfer was 0.5% of the transfer amount (including all fees and exchange rates) over the past month.

  In contrast, the cost of the most expensive option was 7.5%.

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

  The average total cost (including hidden exchange rate markup) of making a CHF-USD transfer with banks compared by Monito.com during the past months was 3.7% of the transfer amount. This is 7.2x more expensive than sending money with the cheapest online provider alternative.

  For a 5000 CHF transfer, this represents a saving potential of around 157.4 CHF.

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

  Western Union is a popular provider, with the biggest agent location network. The average cost of online money transfers from Switzerland to the USA with Western Union* is 1.0% of the amount you send, whereas the cheapest online services have an average cost of 0.5%.
  
  Dahabshiil is the provider that is most often the cheapest for money transfers to a cash pick-up location in the USA.
  
  *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 the USA?

  Over the past 3 months, the provider that was most often the cheapest for cash pick-up transfers in the USA was Dahabshiil, with an average cost of 2.8% 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 0.5%. CurrencyFair was the provider most often the cheapest for transfers to bank accounts in the USA.

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

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