About USD and CHF
Many US citizens are living in, working in or visiting Switzerland. Also, many students from the US have settled in cities like Lucerne, Geneva, and Zurich as they pursue their studies in Switzerland. The need for money transfer from US to Switzerland is therefore high due to these reasons. Most service providers enable this money trade to take place today. Learn about them here at Exchange Rate IQ.
Best way to send money to Switzerland from US
Conveying that USD to CHF should not be a problem at all especially in an era when technology is changing the world. The problem however comes when trying to find the service provider that offers the best exchange rates. Some service providers tweak the exchange rates to the higher side so that they can squeeze in some profits for themselves.
It is therefore important that you do your research on many options and get the best one. Here at Exchange Rate IQ, we believe that you deserve the best. That is why we have sampled these as the best ways to send money from US to Switzerland:
Money Transfer companies vs online services
Money transfer companies like XE Money, OFX and Currency Fair have been deemed a must pick when transferring money across borders and the US to Switzerland border is no exception. You can send money to Switzerlandfrom US at low rates and absolutely no transfer fees at all.
If you do not fancy the idea of remittance through money transfer agents, you can opt for online service providers who deliver your money fast at their various pick-up stations. Travelex and Western Union are good examples of such.
You can send money via checks or international money orders through the bank from US to Switzerland. Banks are relatively safe and reliable and a good choice in case of official remittances.
Fastest way to send money from US to Switzerland
Are banks faster or do online services offer the fastest way to send money from US to Switzerland you ask? The quickest yet still the most affordable way to send money is through service providers like XE Money, OFX and Currency Fair. In just a matter of minutes, your recipient can confirm to you that they have received their cash. From customer reviews, online platforms are the best way to send money from US to Switzerland.
3 things to consider before sending money from US to Switzerland
You have to put these 3 important factors in mind before selecting a transfer company to carry out remittance services for you. Failure to do this will make you give out extra costs or cause unnecessary delays to your transfer. With that said, you have to look at:
OFX and XE Money both offer quick money transfers from US to Switzerland. So while money transfers offer quick transfer speeds, they also differ in terms of how fast each one offers their services and at what rates.
You can check on the USD/CHF market rate existing at the moment and compare it to your rates to see which providers offer the most affordable ones. OFX offers rates closer to the mid-market rate. However, the rates offered by the currency fair will be of much more benefit and value.
Ease of Use
Some service providers are available in different languages while others only in one universal language. Companies like OFX and XE Money allow for both personal and business transfers while some do not.
XE Money offers free 24/7 access to your accounts through their cash transfer app which comes in handy all the time. The method of payment also matters. Is it via Visa, debit cards, credit cards or online deposits?