Switzerland money transfers

How to send money to Switzerland

Find the quickest and cheapest way to make an international transfer from the US to Switzerland.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Switzerland doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most Swiss francs for your dollar. Whatever the reason, it’s important that you compare transfer providers to find one that’s the most affordable.
World First Foreign Exchange

World First International Money Transfers

Most Convenient money transfers with excellent customer service. Send to 140+ currencies in 45 countries.

Special $0 fee offer for finder.com readers:
Because World First is a trusted partner of finder.com, you can send your money transfer overseas for free.

  • Enjoy competitive exchange rates.
  • Get even better exchange rates with forward contracts and limit orders.
  • Receive weekly updates on market exchange rates.

    Compare international money transfers to Switzerland

    I want to send

    to

    Enter your details to speak to a foreign exchange expert

    By submitting this form, you agree to finder.com privacy policy
    Ofx Logo

    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

    • Buying property abroad
    • Emigrating
    • Regular overseas payments
    • Risk management
    • Forecasting
    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    USD 1,000 1 day USD 0.00 0.988 Online, Phone, Bank Account to Bank Account CHF 4,940 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for 100+ currencies.
    Go to site Show details
    USD 1 3 - 5 days USD 50.00 0.992 Online CHF
    4,908
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
    1 day - - Online, Phone, Bank Account to Bank Account Exclusive exchange rate discounts
    No-maximum limit transfers with competitive exchange rates for 100+ currencies.
    Go to site Show details
    USD 100 3 - 5 days USD 5.00 0.987 Online, Phone CHF 4,930 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details
    USD 1 Within an hour - - Online, Bank Account to Bank Account, Cash Transfer Use promo code FREE to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details

    Compare up to 4 providers

    Back to top

    Banks versus money transfer services

    We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major US banks offer money transfer services, they usually offer less competitive exchange rates coupled with high transfer fees.

    You can save money by using a money transfer company that specializes in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees.

    Case study: Roger sends money to Switzerland

    Roger is a professional athlete based in the United States. He wants to send a Christmas gift of $2,000 to his parents back home in Bern, Switzerland, but he knows that sending the money through his bank will be unnecessarily expensive. He decides to calculate the costs involved in sending the same amount of money through two well-known money transfer companies.

    Money transfer company 1Money transfer company 2
    Exchange rate1 USD = 0.97 CHF1 USD = 0.96 CHF
    Transfer fee$4$7
    Transfer options Bank account depositBank account deposit
    Transfer speed 1-3 business days3 business days
    Total CHF received1,940 CHF1,920 CHF

    As you can see, the first company charges a lower transfer fee and also allows Roger to send an extra 20 CHF.

    How to compare transfer companies when sending money to Switzerland

    Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.

    • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
    • Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pickups. Also ask how your recipient can receive your funds: bank account, cash pickup, mobile wallet and more.
    • Transfer speeds. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
    • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
    • Flexible transfer options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
    • Customer support. Most companies offer customer service by internet chat, phone, in person or by email. Make sure help will be available if you need it.

    Laws and legal documents when transferring large sums of money into Switzerland

    Back to top

    Foreign exchange rates explained

    The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. Most countries’ exchange rates are flexible, which means they can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

    Options for sending money to Switzerland from the US

    • Bank transfers. Many major US banks can safely wire your funds to countries around the world. Banks rely on existing links between banks and banking systems worldwide. However, a downside is the frustratingly high fees and weaker exchange rates you’ll receive by going through your bank.
    • Online money transfer services. These specialists offer more affordable transfers than banks do, allowing you to quickly and easily manage your transactions from home. With competitive exchange rates and lower fees, you can send funds from your bank account. Many also allow you to pay with a credit or debit card.
    • Providers with cash pickup. Trusted providers like Western Union and MoneyGram offer the key advantage of giving your recipient fast access to the cash you send — sometimes within minutes. You can often pay online or at one of thousands of agent locations worldwide. However, services typically cost more than an online transfer specialist and vary by where you’re transferring your money and how you’re paying for it.
    • PayPal transfers. Not just for online purchases, PayPal offers transfers to more than 100 countries and supports multiple currencies. Its exchange rates are often better than those you’ll get from a bank but not quite as strong as rates from money transfer companies. PayPal calculates its transfer fee as a percentage of the amount you’re sending — meaning it’s often better for sending smaller amounts of money.
    • International money order. You can get this type of money order from your bank and send it overseas to your recipient, who then cashes it in with their own bank. While more secure than a personal check, it’s a slower option than using an electronic transfer. It also costs a little more — you’ll have to purchase the check, and your recipient may be charged a fee by their own bank cashed.
    Back to top

    How to send money to Switzerland

    Whether you send money through your bank or a money transfer provider you’ll need to first register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.

    Keep a record of any transaction reference number you receive so that you can review the progress of your transfer.

    What are the ways that I can send money to Switzerland

    • Bank transfers. Many major US banks will allow you to send money to Switzerland.
    • Money transfer providers. Providers like Ria and World First can help you quickly and easily transfer your money online.
    • Providers with cash pickup. Western Union and MoneyGram allow you to send funds for cash pickup at agent locations.
    • PayPal. Electronic payment giant PayPal allows you to send money from the US to Switzerland.
    • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.

    Emergency cash transfers in Switzerland

    You might need to send an emergency cash transfer to Switzerland — for example, if a friend traveling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.
    Find a money transfer location near you

    Back to top

    Tips for picking up cash in Switzerland

    • Whether picking up funds in Switzerland or anywhere else around the world, take a few simple safety precautions to prevent yourself becoming a target for thieves.
      • Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
      • Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
      • Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
      • Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.
    Back to top

    Bottom line

    To get the best deal when making a money transfer from the US to Switzerland, compare the benefits and features of competing services before selecting a provider.
    Best USD > CHF exchange rates

    Cash pickup locations in Switzerland

    Was this content helpful to you? No  Yes

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and our Privacy Policy.

    US International Money Transfers Offers

    Learn about our information service
    HiFX International Money Transfers

    Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

    WorldRemit International Money Transfers

    Use promo code FREE to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

    World First Foreign Exchange

    Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for 100+ currencies.

    TransferWise International Money Transfers

    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.