Send Money to Switzerland | How to Send Money to Switzerland - Wise, formerly TransferWise (2024)

FAQs

Send Money to Switzerland | How to Send Money to Switzerland - Wise, formerly TransferWise? ›

Use the Wise debit card to spend in Switzerland without rip-off fees. Withdraw money, pay for meals in restaurants or spend in shops in Swiss franc, all at the mid-market exchange rate with the Wise debit card.

Use the Wise debit card to spend in Switzerland without rip-off fees. Withdraw money, pay for meals in restaurants or spend in shops in Swiss franc, all at the mid-market exchange rate with the Wise debit card.

Money transfers are usually done using International Bank Account Numbers (IBAN) or the BIC (Bank Identifier Code), also called the SWIFT code. You will need IBAN or SWIFT codes for both your bank account and the person you will transfer money to.

Summary: Wise (formerly known as TransferWise) is a specialist in international payments to bank accounts, with multi-currency accounts and cards for individuals and businesses. Western Union has a global agent network and allows payments in cash, to mobile wallets, and direct to bank accounts.

You can send money to Switzerland anytime, anywhere with the Western Union^® app. With a few taps, funds can make their way to family and friends in Geneva, Bern or Zurich.

Wise also has a multi-currency account with a linked international debit card, and ways to get paid by others conveniently in a selection of currencies. Remitly does not provide multi-currency accounts or cards. Remitly serves slightly more countries – with payments to 170 countries compared to Wise's 160 countries.

Wise is not a Swiss bank and only has E-Money licenses in the United Kingdom and Belgium. Wise is authorized to accept money from its customers and to manage money on customers' behalf.

If you're considering using Wise for a payment or to hold a balance, it's natural to wonder if it's a legit service. The good news is that Wise is safe to use, whether you want to send or receive a payment, spend internationally, convert currencies or hold a balance.

How much can I send? You can send up to 1.3 million CHF per bank transfer.

Does PayPal work in Switzerland? ›

Yes! PayPal is accepted by many Swiss stores, especially online and for cross-border payments. In fact, the PayPal app was downloaded in Switzerland more than 300,000 times in 2022 alone, according to Statista.

You can not use Venmo internationally. To set up a Venmo account you must be in the US with a local bank account and phone.

Once verified, you can send up to 5500 CHF every 3 days. Created with Sketch.

An international wire transfer is an electronic transfer of funds from one bank account to another. Your money will be sent directly from your account to the recipient, and deposited in the currency they need for convenience.