You have a number of options when it comes to how to transfer money to Switzerland. But it will save you money in the long run if you take a bit of time to consider which one is best for you.
Perhaps you need to transfer money to friends of family in Switzerland or maybe you need to make regular transfers in order to cover payments on a property.
Whatever your reason to transfer money to Switzerland, it is worth noting whether or not the recipient has access to a bank account and the frequency with which you intend to transfer the Swiss francs. This is because these two things will impact which option you choose when making the transfer.
A high street bank is certainly a convenient way to transfer money to someone with a Swiss bank account with UBS or Credit Suisse, for example.
But the per-transfer fees and poor currency exchange rates offered by the banks could mean that this is not the best way to transfer money to Switzerland if you need to do so on a regular basis.
Similarly, Money Sending Bureaus are available on high streets around the world and they are a handy way to get money to somebody in Switzerland who does not have access to a bank account.
But the per-transfer fees, which are often between ten and 15 per cent, can make this a prohibitively expensive way to transfer money to Switzerland.
Your third main option to transfer money to Switzerland is to use a foreign exchange broker.
Brokers, like RationalFX, will provide you with a very competitive currency exchange rate on the franc. But we can go one further by guaranteeing that you will not have to pay high per-transfer fees when you transfer money to Switzerland with us.
Why not open an online account with us today? You don't have to commit to moving any money but you can access the currency exchange rates on offer and compare them to other possible ways of transferring money in order to pick the best option for you.