Looking to send money to Switzerland? Money Transfer to Switzerland can help you with all aspects to your money transfer to Switzerland, with live exchange rates, historical data and charts and links to the brokers that can best help you. Please use the Switzerland currency table to see the top exchange rates for sending money to Switzerland.
Currency in Switzerland
Swiss Franc (CHF; symbol SFr) = 100 cents (called centimes in French, rappen in German and centesimi in Italian). Notes are in denominations of SFr1,000, 200, 100, 50, 20 and 10. Coins are in denominations of SFr5, 2 and 1, and 50, 20, 10 and 5 centimes.
Send Money to Switzerland
Switzerland known as Helvetia in ancient times was divided in 1291 by the Romans. This Swiss Confederation was based around three German forest districts of Schwyz, Uri, and Unterwalden. Over time the Swiss Confederation slowly added new districts. In 1648 the Treaty of Westphalia gave Switzerland its independence from the Roman Empire.
In 1798 during the French revolution, France's troops occupied the country and named it the Helvetic Republic, but Napoléon in 1803 restored its federal government. By 1815, the French- and Italian-speaking peoples of Switzerland had been granted political equality. In the same year Switzerland also gained Independence and became a neutral country as per the guarantee laid out by the Congress of Vienna.
Transfer Money tO Switzerland
Switzerland is located in the Alps of Central Europe. The tallest mountain in the country is the Dufourspitze at 15,203 ft (4,634 m) on the Swiss side of the Italian border. The tallest mountain in all of the Alps, Mont Blanc (15,771 ft; 4,807 m), is actually in France.
Switzerland pre-dominantly consists of mountainous terrain. The borders consist of the Alps on the south and the Jura Mountains on the northwest. The country's largest lakes are in Geneva, Constance (Bodensee), and Maggiore. These lakes respectively sit on German-Austrian, and Italian borders. The river Rhine, is the principal inland waterway, it runs from Basel to the North Sea.
Money Transfer to Switzerland
Typical time for transfer to arrive: 1 to 2 working days when sent through a money transfer broker where swedish bank charges: Usually none, although we cannot guarantee this
To transfer money to Switzerland you need the following payment details:
Name of Beneficiary (and address if you have it)
Name of Swiss Bank (and address if you have it)
IBAN (International Bank Account Number)
BIC (Bank Identifier Code) or SWIFT code
The IBAN includes various codes, like your branch and account numbers, and is the standard system for sending payments across Europe. Swiss IBANs have 21 characters, starting with 'CH' followed by 19 characters, and can usually be found on your bank statement or other paperwork, along with your BIC or SWIFT code.
There are further techical details below, although the Currency Index payments team will take care of ensuring payment details are in the correct format before initiating any payments on your behalf.
Swiss IBAN Format: CHkk BBBB BCCC CCCC CCCC C
B = Bank Code
C = Account No.
k = Check Digits
The BIC (Bank Identifier Code) or SWIFT code are made up of 8 or 11 characters and should mirror the following format;
Swiss BIC or SWIFT code Format: BBBBCCLL or BBBBCCLLDDD
B = Bank Code (Only Letters)
C = Country Code 'CH' (Only Letters)
L = Location Code (Letters & Digits)
D = Branch Code Optional ('XXX' for Head Office - Letters & Digits)
Sending Money to Switzerland
The orderly cities and subdivisions of mountainous Switzerland make for an ideal expat destination. The Expat community has a strong presence in the economy, particularly in diplomatic and financial roles. The demand for international workers is high. More than 21 percent of Switzerland's relatively skilled and professional working population consists of foreign internationals.
Geneva and Zurich are hot spot destinations for the expat community but they do come at an expense in terms of living costs. Expats are compensated by above average salaries. Low crime rates and minimum social problems make this beautiful country all the more appealing.
The Economist ranks Switzerland second in the quality of life ranking. One can say this reflects the safety, stability, good lifestyle and solid economy the country has to offer.
Travelling to Switzerland to live and work as an expatriate is a fantastic move for driven and motivated individuals who want to work in a country where their skills are highly regarded, and well rewarded.
If you are planning to move to Switzerland for business or a visit you must learn how to get a Switzerland visa . Visa is an official permit to get entry to Switzerland.
A resident who does not belong to the above countries or planning to stay in Switzerland for more than 90 days requires a visa.
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