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How to send money to Switzerland

Compare fees and exchange rates to get the best deal on your next money transfer to Switzerland.

In 2017, Switzerland and Singapore marked their 50 years of diplomatic relations. Singapore is Switzerland’s most important Asean trading partner, with over 400 Swiss companies and over 5,000 Swiss nationals based here. With increasing trade, we can expect a higher demand for international money transfers between the two nations.

Send money to Switzerland with SingX

Pay no fees on your first two transfers, up to S$3000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.

  • Send money in 16+ currencies
  • Most transfers take 1 business day
  • Regulated by the Monetary Authority of Singapore (MAS)

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
SGD 5 1 - 2 days EUR 3.00 0.681 CHF
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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SGD 2,000 1 day SGD 0.00 0.678 CHF
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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SGD 1 1 - 2 days SGD 30.00 0.685 CHF
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
SGD 250 1 day SGD 0.00 0.678 CHF
Send guarantees to match any competitor's exchange rate. T&Cs apply.
Send has fee-free transfers in 30+ currencies to over 200 countries.
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Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

International money transfer showdown – Bank vs Money transfer service

Helène Sends Money to Switzerland

After completing her studies in Geneva, Helène visited Singapore during her graduation trip and decided that she wanted to move here. After joining an accounting firm, she started looking for cheap, easy ways to send money to Geneva to help maintain the flat she co-owns with her sister. The Swiss franc is a relatively rare currency, so it’s difficult for Helène to find a bank offering transfers to Switzerland.

Before making a transfer, Helène takes the time to weigh the costs and foreign exchange benefits of different money transfer option.

Money transfer serviceBank
Exchange rate0.721960.7131
Transfer fee$7.97$25
Amount received for $500721.95 CHF713.06 CHF
Transfer time1 – 3 working days2 – 5 working days
Transfer optionsOnlineOnline
Difference of8.89 CHF

In the above comparison, it’s clear that transferring via a bank incurs a higher transfer fee, as well as a longer delivery delay.

While some agencies in Switzerland might accept Euros, they’ll charge high fees to convert to Swiss francs.

How to compare which is the best transfer service when sending money to Switzerland?

The Swiss franc is one of the world’s strongest currencies, so look for a service that can give you the best value for your Singapore dollars.

  • Exchange rates. Finding the best deal starts with a good, competitive exchange rate. While some companies offer a relatively good exchange rate for your dollars, be wary of additional fees – transfer or receiving – that they may levy.
  • Fees. The cost of making a transfer varies from service to service. While some offer completely free transfers, others charge a transfer fee for their service. Some might only charge a receiving fee in the destination currency. Some companies charge both, but offer competitive exchange rates to attract customers.
  • Pick-up methods. In this case, the simpler, the better. Go for a service that offers direct deposits or that has pick-up locations close to where your recipient lives. But always make sure that the method of pick-up is the most convenient option for the recipient.
  • Transfer methods. Most money-transfer services, whether a bank or a specialised service, offer online transfers, cash deposits or transfers over the phone.
  • Transfer time. Depending on how quickly you need the money to be wired over, you can choose between services that offer instant transfers or those that deliver between one and three business days.
  • Minimum transfer amounts. Most services stipulate a minimum transfer amount, some higher than others. This is an important factor to consider if you’re looking to transfer a small amount.
  • Customer service. A service that promises to deliver your money to its recipient should have a good customer service department. They should be available and efficient, and able to keep you updated on where your money is at any time during the transfer process.

The options for sending money from Singapore to Switzerland

Given the country’s status as a first world country and the stability of the Swiss franc, most money transfer services allow for transfers between Singapore and Switzerland. You could easily send money from your Singapore bank account, but the quickest and most cost-effective method may not be your bank but a specialised money transfer service.

Here are a few providers to consider:

  • WorldFirst. A reputed online money-transfer service, this company charges no transfer nor receiving fees. Money is deposited directly into the recipient’s account.
  • WorldRemit. Compared to the standard fees charged by most Singapore banks, WorldRemit charges a very low transfer fee and delivers within one to three business days depending on the destination.
  • FC Exchange. If you’re looking to transfer bigger amounts, this service is ideal since it charges zero fees for transfers exceeding $5,000. Otherwise, a transfer fee of $10 applies.
  • DBS. Sending money internationally with this bank incurs a minimum fee of $25. It’s an option, but not the cheapest one available.

Do you need cash in an emergency whilst in Switzerland?

If you need to send or receive cash in a hurry, there are a few options available to fast-track a transfer.

  • The priority option. Some transfer services offer a priority sending option that delivers money more quickly than their standard option. Usually, this takes one business day to deliver.
  • Instant cash transfer. Services like MoneyGram and Western Union have agencies all over the world, sometimes several in one city. They offer instant deposits that may be picked up within minutes of transferring.
  • Travel insurance. If you’ve suffered a medical emergency or been robbed whilst on holiday, you can claim from your travel insurance. This would require proof of identity, police reports, hospital records: if a quick cash boost is what you need, this may not be the solution for you.

Cash pickup locations for Western Union and MoneyGram in Switzerland

Below you’ll find a few locations for Western Union and Moneygram agencies in Geneva and Zurich. Be sure to take along some positive identification. If you’re planning to receive a particularly large transfer, it’s a good idea to call ahead and make sure that they’re able to handle the transaction. Although Switzerland is relatively safe, try to take someone along with you when you go to collect your money.

Western Union

  • Mobilezone

    Rue De Carouge 18

    Geneva 1205

    +41 22 7163280

    Open Monday to Friday 9am to 7pm, Saturday 9am to 5pm

  • Geneve CFF Hall

    Gare Cff De Cornavin

    Geneva 1201

    +41 22 3080777

    Open Monday to Saturday 5:30am to 11pm, Sunday 6am to 11pm

  • Travelex Zurich Airport

    Landside Between T1 And T2

    Zurich Airport

    Zurich 8058

    +41 43 2119811

    Open Monday to Sunday 6am to 9:30pm

  • Reisebuero SbbBahnhofplatz 10

    Ruemlang 8153

    +41 51 2226219

    Open Monday to Friday 7am to 5:45pm


  • General Money Trading GMT SA

    Rue Rousseau 30

    Geneva 1201

    +41 22 7388777

    Open Monday to Saturday 8am to 7pm

  • Intertours Geneve

    Rue de la Servette 43

    Geneva 1202

    +41 22 7346324

Stay safe when picking up cash in Switzerland

The Ministry of Foreign Affairs advises that you should ‘exercise normal safety precautions’ when travelling in Switzerland. Although it’s a developed, relatively low crime country, you should still be vigilant when collecting money, particularly if it’s a large sum. Check the agency’s business hours to avoid having to wait outside the building and attracting unwanted attention. If you’re alone, try and get someone from your hotel or travel group to accompany you.

What do you need to do to send money to Switzerland?

Most money transfer services require that you register and become a member first. Signing up is quick and usually free. To make a transfer, most services will require some or all of the following information:

  • Your name, email address and contact number
  • The recipient’s name, address and bank details

You can process the transfer online whenever you like, or visit an agency and do it in person. In most cases, you’ll receive a reference or tracking number. If collecting at an agency, the recipient will have to present the reference number as well as their ID to collect the funds.

Getting the best value for your Singapore dollars means finding a transfer option that combines low (to zero) transfer and receiving fees with a competitive exchange rate.

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