There are a huge number of Swiss expats who have left their home countries to move overseas to live, work or study. So the demand for sending money back to friends and family in Switzerland is very high. Swiss expats transferring money home want to seek out a way to avoid high fees and less competitive exchange rates. So what are the options? In this article, DNBC Financial Group’s experts will help you find out the best method to transfer money to Switzerland.
How to transfer money to Switzerland fast and economically
How to transfer money to Switzerland
Transfer money through banks
This is a traditional method, which is also known as SWIFT transfer. If you’re looking for a secure option to send money, the bank is the best. And it is also a good idea for those who find technology challenging. However, it is a high-cost option. With SWIFT transfers, you have to pay several fees such as the charges imposed by the sending and receiving banks as well as any charges levied by the intermediary banks. Moreover, banks typically don’t give the best exchange rates. Therefore, if you transfer a huge amount of money or transfer frequently, bank transfers aren’t a rational choice.
Online money transfers
Thanks to the fast development of technology, transferring money overseas is easier and faster than before. You will save time and money when using online money transfer platforms.
Without visiting a physical bank branch, waiting in a queue, or paying high transfer fees at your bank, sending money to Switzerland online is quick, easy, and cost-effective.
There are various transfer companies to choose from, so if you decide to send money to Switzerland online, you need to search for the cheapest option to save your money.
DNBC Financial Group offers an affordable, convenient, and quick way of transferring money to Switzerland. Through our platform, customers can make transactions at the lowest conversion rates as well as avoid unexpected fees. Depending on the type of transaction, it could take 1 – 5 working days for the money to arrive in the recipient’s account.
P2P stands for Peer-to-Peer, which means that you’re transferring money directly to another person. This method is much less expensive than the services offered by banks. Low charges and using actual, mid-market exchange rates are two key aspects in forming this competitive edge.
The way to transfer money from Canada to Switzerland effectively
Canada’s economy is huge and diversified, and Switzerland is a significant global center for banking. Therefore, it isn’t surprising that the two nations engage in a significant amount of financial and commercial interactions.
How to transfer money from Canada to Switzerland with DNBC Financial Group’s service
Step 1: Check out our rates
Please check out carefully to make sure that you’re pleased with our exchange rates and charges for transferring money to Switzerland. We are confident that you would agree that we are much more competitive than bank exchange rates and will help you save money.
Step 2: Open an account
At this step, you need to provide personal information and identification numbers. This is necessary for us to confirm that you aren’t a robot and that you understand and abide by regulatory requirements.
Step 3: Provide information to make transactions:
How much do you want to transfer? How will you pay for the money transaction? How will the receiver access the funds? What is the recipient’s name? And what is the recipient’s address?
Step 4. Be sure to review all your information before making your payments
About DNBC Financial Group
Beginning the journey in 2017, DNBC Financial Group is a professional financial institution that helps individuals as well as businesses to make overseas transactions conveniently and cost-effectively. We are now present in Canada, the United States of America,, the European Union, Hong Kong, Singapore