Evaluate Swiss bank franc exchange rates and find a better deal when sending overseas money to your bank account in Switzerland or when transferring money abroad.
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About transaction fees: The transaction (or service) fee that banks and providers charge is made up of a fixed fee which varies, depending on where you are sending the money and which currencies apply to the transaction.
About money transfer providers: Unlike banks, money transfer companies offer the very best exchange rates and by keeping their margin rates low, they beat the banks by several percentage points.
About exchange rates: Money transfer exchange rates are calculated and updated weekdays, hourly 08:00 – 16:00. The exchange rates provided are indicative only and several factors may contribute to the final rate, including market conditions, transfer amount and the mode of transfer (online or via phone/email).
Find answers with Transfer Supermarket regarding Swiss bank foreign currency exchange rates:
For individuals, a foreign exchange broker will offer the best rates for international currency transfers. Brokers offer lower FX margin rates than banks, meaning that you’ll receive a better overall deal. Skip to: Switzerland Money Transfer Brokers
An FX margin rate is the amount the bank, broker or foreign exchange bureau adds onto the interbank foreign exchange rate when they quote the rate for a money transfer. Lower FX margin rates mean lower costs applied to your transaction.
Interbank foreign exchange rates are wholesale rates that banks use, also known as live foreign exchange rates.
Getting the best deal on your money transfer is as simple as finding out what your local bank will offer, and then comparing the deal to what you would receive by using a broker. Try and negotiate a fixed FX margin rate from the interbank rate with your broker, as generally, high street banks are unlikely to offer this type of agreement unless you are a corporate customer making regular money transfers abroad. Skip to: Switzerland Money Transfer Brokers
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