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Banks vs Digital money transfer companies vs In-store service providers
Banks can help remit your money from Switzerland to India. They are a good resort to go to if you do not mind their high service costs and exchange rates since they offer security and have a refund policy that they adhere to, to the latter.
Digital money transfer companies are the new wave when it comes to making international transfers. They are specifically designed to help you make a cross border currency conversion, transfers and purchases without having to go through long queues and transaction processes. As if not enough, they have low transaction costs and offer exchange rates with low margins when compared to the mid-market rate. All these do not limit how fast they are or how to secure their transfers are.
They include XE Money, CurrencyFair, TransferWise, Remit Money, YesRemit and Azimo.
Apart from banks and online money transfer companies, you can also use in-store service providers who offer direct pick up of your cash. Such include XendPay, Travelex, Western Union and MoneyGram.
Fastest way to send your money from Switzerland to India
If you want your money to reach India fast, for instance during emergencies or when meeting deadlines, you should consider using online money transfers companies like CurrencyFair and TransferWise. They will convey your cash on time. They offer low service costs and excellent exchange rates.
3 things to consider before sending money to Switzerland to India
Before deciding on one out of the many transfer options there are when sending money from Switzerland to India, be sure to check on the following factors first:
