Send Money To Switzerland

Personal
Business
From
United States Flag
United States
USD
To
Switzerland Flag
Switzerland
CHF
1 USD equals
0.904 CHF
Updated on September 21, 2023
 
How much to transfer?
$1-$1k
$1k-$10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+
Promo Offer Available
Super low 0.4% margin for new customers referred by iCompareFX. Simply click GO TO SITE and register.

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

Currencies Direct Logo
  • Check Icon
    Forward contracts and limit orders
  • Check Icon
    Scheduled transfers
  • Check Icon
    Travel money solutions for residents of the UK
  • Check Icon
    Multilingual website
$
$
$

low

Fees
84
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • Debit card

Features

  • Check Icon
    Forward contracts and limit orders
  • Check Icon
    Scheduled transfers
  • Check Icon
    Travel money solutions for residents of the UK
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Schedule transfers easily
  • Circle Check Icon
    Make use of hedging tools
  • Circle Check Icon
    Accepts customers from most countries
  • Circle Check Icon
    Cannot sign up from all states in the U.S.

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
71
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+
Promo Offer Available
Three free transfers for new customers! Check out the WorldRemit promo guide for more info.

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Wise Logo
  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app
$
$
$

low

Fees
75
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Credit Card
  • Debit Card
  • Country specific alternatives

Features

  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    User friendly mobile app
  • Circle Check Icon
    Multi-currency account
  • Circle Check Icon
    Travel debit card
  • Circle Check Icon
    No scheduled transfers
  • Circle Check Icon
    No dedicated account manager

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      How to send money to Switzerland

      How To Step Icon
      Step 1
      Selecting the best alternative, signing up
      Selecting the best alternative, signing up
      Since a number of companies give people from overseas easy means to send money to Switzerland, it is important that you review and compare the top alternatives.
      Sign up as an individual or a business once you narrow down on a company that suits you best.
      Completing the registration process usually requires providing details from an acceptable form of identity document.
      How To Step Icon
      Step 2
      Examining exchange rates, getting started with the transfer
      Examining exchange rates, getting started with the transfer
      Find out if sending money to Switzerland is a good idea at any point in time by taking a close look at historical CHF exchange rates.
      To begin the transfer process, let your service provider know how much money you want to transfer and get a rate quote. 
      Accepting the quote locks the offered rate in place.
      Your service provider will then ask you for the recipient's Swiss bank account details.
      How To Step Icon
      Step 3
      Transferring the money
      Transferring the money
      First, you need to pay for your transfer. Payment methods might vary depending on the company you choose.
      Your service provider will transfer money to Switzerland once it receives your payment.
      It informs you of the estimated turnaround time beforehand.
      You may login to your service provider's website to track your transfer's progress. You might also receive notifications on your phone.

      Currency Symbol and Swift Codes

      Are you wondering what currency is used in Switzerland? The Swiss franc (CHF) is the official currency of Switzerland and it is divided into 100 centimes. The Swiss franc is used as a global currency reserve and is the sixth most commonly traded currency.

      Can you use euros in Switzerland? Since Switzerland is not part of the European Union it is under no obligation to accept euros as legal tender. However, many establishments display their prices in euros so visitors may make comparisons easily. Some businesses accept payments in euros, although the change you receive, in all likelihood, will be in Swiss francs.

      If you wish to send money to a bank account in Switzerland, you will need to provide the recipient’s International Bank Account Number (IBAN). Providing a Swift code is usually optional.  The standard representation of a Swiss IBAN consists of 21 characters. The first two characters ‘CH’ denote the ISO country code, the next two are IBAN check digits, the following five function as the bank identifier, and the last set of digits are an individual’s account number.

      Swift codes for some of the popular banks in Switzerland are listed in the corresponding table.

      BANKBRANCHSWIFT CODE
      ABN AMRO8022, ZurichABNACHZZ80A
      UBS AgSeefeld, ZurichUBSWCHZH80G
      Credit Suisse AgAussersihl, ZurichCRESCHZZ80B
      Raiffeisen Schweiz GenossenschaftLimmatquai, ZurichRAIFCH22E87

       

      Case Study

      David moved to Australia from Switzerland on account of work. Since his stay in the Land Down Under was limited to two years, his wife and child stayed back in Switzerland. Given that his wife worked part-time, he needed to keep sending them money every month.

      The first time he sent money to Switzerland, he used the services of a popular Australian bank. Only after a co-worker suggested that he could do better did he decide to compare his alternatives. This is what he found out.

       BANKMONEYTRANSFER SERVICE
      Exchange rate$1 = CHF 0.72$1 = CHF 0.7513
      Transfer fee$22$0
      Amount received for $2,000CHF 1,424.16$CHF 1,502.60
      Transfer time3 to 5 days1 to 3 days
      Transfer optionsBank accountBank account
      Difference of CHF 78.44

      Given that David planned to send $2,000 to his wife each month, he noticed that she stood to receive around CHF 75 more if he simply chose the money transfer company over the bank. Besides, his wife would also get the money sooner.

       

      Cash Pickup Locations in Switzerland

      Sending money to a cash pick up location in Switzerland can come in handy if the recipient needs it in a hurry. Some of the leading players that offer this feature include Ria, Western Union, and MoneyGram.

      RIA IN SWITZERLAND 
      Geneva Place Cornavin 14-16 GenevaAlatik SA Rue De Cornavin 11 Geneva
      Zurich AFRO-SHOP Sow Stampfenbachstrasse 78 ZurichRishi Express AG Neugasse 41 Zurich
      WESTERN UNION IN SWITZERLAND 
      Geneva K Kiosk Geneve CFF Place Gare CFF - Place De Cornavin 3 GenevaNaville Confederation Centre Rue De La Confederation 6 Geneva
      Zurich Corner Services Shopville Bahnhofpassage 1 ZurichCesar's AG Zurich Rosengartenstrasse 4 Zurich

       

      Safety Tips for Picking up Cash in Switzerland

      There are low levels of serious crime in Switzerland, although there have been increased reports of petty crime in and around larger cities such as Zurich, Geneva, and Bern. When picking up cash and carrying it with you, it is best to err on the side of caution.

      Watch out for pickpockets in public places such as railway stations and airports. Keep an eye out for thieves who operate in tandem, where on might distract you while the other takes off with your belongings. Do not leave bags with money, credit cards, and airline tickets inside parked cars, not even in the trunk. Keep your belongings in sight when visiting bars and restaurants.

       

      What Information Do I Need to Send Money to Switzerland?

      How you choose to send money to Switzerland has a bearing on the information you need to provide.

      • Bank account. In this case you will need to provide the recipient’s name, the bank’s name, and an IBAN.
      • Cash pickup. In this case, only the recipient’s name and a desired cash pickup location are sufficient. When collecting the money the recipient will need to provide a transaction number and a valid form of ID.

       

      Regulations When Transferring Money To and From Switzerland

      Several money transfer companies let you transfer as much money as you want in and out of Switzerland. While Switzerland does not impose federal gift or inheritance taxes on overseas remittances, the country’s 26 cantons have varying laws surrounding taxation. Most cantons have gift taxes in place so people cannot circumvent inheritance taxes by simply giving away their assets. Tax rates depend on how much money you send and your relationship with the recipient.

      The federal government monitors movement of money in and out of the country, so do not expect large value transfers to go by unnoticed.

      Convert USD to CHF

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      CHF
      Sending money online through specialist money transfer companies.

      Expect to receive between CHF89.52 and CHF90.07 when sending money from USD to CHF at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately CHF85.91, not including additional banking fees. That is an average saving of CHF3.89.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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