Frequently Asked Questions

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

  The cheapest way to send money from the UK to Switzerland is through an online provider. Among the 16 available, Paysend was most often the cheapest provider (in 48.5% of the searches on Monito.com in the past 3 months).

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

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

  • Paysend (cheapest in 48.5% of the searches)
  • FairFX (cheapest in 20.1% of the searches)
  • Wise (cheapest in 18.3% of the searches)
• How much does it cost to send money from the UK to Switzerland?

  If you send money with the cheapest available provider, the total cost of a GBP-CHF transfer was 0.3% of the transfer amount (including all fees and exchange rates) over the past month.

  In contrast, the cost of the most expensive option was 8.5%.

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

  The average total cost (including hidden exchange rate markup) of making a GBP-CHF transfer with banks compared by Monito.com during the past months was 3.9% of the transfer amount. This is 11.4x more expensive than sending money with the cheapest online provider alternative.

  For a 300 GBP transfer, this represents a saving potential of around 10.7 GBP.

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

  Western Union is a popular provider, with the biggest agent location network. The average cost of online money transfers from the UK to Switzerland with Western Union* is 1.6% of the amount you send, whereas the cheapest online services have an average cost of 0.3%.
  
  XE Money Transfer is the provider that is most often the cheapest for money transfers to a cash pick-up location in Switzerland.
  
  *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 the UK to a cash pick-up location in Switzerland?

  Over the past 3 months, the provider that was most often the cheapest for cash pick-up transfers in Switzerland was XE Money Transfer, with an average cost of 2.1% 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 0.3%. Paysend was the provider most often the cheapest for transfers to bank accounts in Switzerland.

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

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