Select country...

Select country...

Select country...

Select country...

Send

Top 3 Money Transfer Providers for UK to Switzerland

Provider Amount Received Fee Exchange Rate Speed
TorFX TorFX CHF 11,780.08 No Fee 1.178 1-3 days more...
Currencies Direct Currencies Direct CHF 11,780.08 No Fee 1.178 1-3 days more...
OFX (UK) OFX (UK) CHF 11,700.00 No Fee 1.17 1-3 days more...
FXcompared Country Guides
See all guides here
UK
There are no exchange controls in the UK for the pound sterling (GBP), and transferring money to the UK and sending money from the UK is very easy Read More
SWITZERLAND
Sending money to Switzerland and transferring money from Switzerland is relatively unrestricted and benefits from the country’s open, stable and transparent financial environment Read More
See all guides here How we make money / Advertising Disclosure
 

Send money from UK to Switzerland

Top 11 Money Transfer Providers

Latest prices for transferring money from UK to Switzerland
Exchange Rates as of 1 October 2020, 20:19

TorFX

Est. 2004

Excellent exchange rates | No transfer fees | Thousands of 5 star reviews 

More InfoLess Info
FXcompared Rating
Amount Received
CHF 11,780.08
GBP £228.75
saved vs. banks

Currencies Direct

Est. 1996

Great exchange rates | Specialist services | No added fees, 24/7 transfers | Safe and secure

More InfoLess Info
Amount Received
CHF 11,780.08
GBP £228.75
saved vs. banks

OFX (UK)

Est. 1998

OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates

More InfoLess Info
Amount Received
CHF 11,700.00
GBP £161.11
saved vs. banks

Moneycorp

Est. 1979

One-off payments | Regular payments | Great rates | Safeguarded customer funds

More InfoLess Info
Amount Received
CHF 11,640.38
GBP £110.75
saved vs. banks

Global Reach (formerly FC Exchange)

Est. 2005

Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

More InfoLess Info
Amount Received
CHF 11,732.73
GBP £188.75
saved vs. banks

RationalFX

Est. 2005
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
More InfoLess Info
Amount Received
CHF 11,738.65
GBP £193.75
saved vs. banks

WorldFirst

Est. 2004

Transparency and security | Great customer feedback rating from Feefo

More InfoLess Info
Amount Received
CHF 11,732.83
GBP £188.84
saved vs. banks

Western Union Business Solutions

Est. 2009

The Personal Payments team at Western Union Business Solutions look after the overseas currency requirements for private individuals.

More InfoLess Info
Amount Received
CHF 11,661.69
GBP £128.75
saved vs. banks

Currency Solutions

Est. 2003

Currency exchange specialists ranking No.1 on Trustpilot for the past two years

More InfoLess Info
Amount Received
CHF 11,743.38
GBP £197.75
saved vs. banks

Smart Currency Exchange

Est. 2004
Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
More InfoLess Info
Amount Received
CHF 11,738.65
GBP £193.75
saved vs. banks

Rates From The Average UK High Street Bank

Est. 1934

Banks are the most expensive way to do an international money transfer, the quotes from the providers above show you the typical savings that can be made. All providers on FXcompared.com are regulated in the UK  by the FCA, in the USA by FinCEN, In Canada SSC and Australia, ASIC.

We check all rates regularly and this quote is an actual quote of the average from UK banks for this month. It includes all major and small banks. Lloyds, Barclays, HSBC, Santander, NatWest, RBS, Coutts, Handelsbanken, Metro bank and more - tracked every month. We obtain our rates via our IMTI platform.
 

More InfoLess Info
Amount Received
CHF 11,449.54
No saving vs. banks

How to Transfer Money from UK to Switzerland

What is in this guide

UK to Switzerland Guide

Summary

The United Kingdom and Switzerland have strong diplomatic and economic ties, and advance similar foreign policy objectives and economic priorities. Both countries are members of the Organization for Security and Co-operation in Europe (OSCE), the Council of Europe, the United Nations, and the Organisation for Economic Co-operation and Development (OECD). UK tourists constitute the third largest national contingent of visitors to Switzerland every year. Though neither country is a member of the single-currency eurozone, international money transfers can be made with relative ease from the UK to Switzerland.

Residence permits for Switzerland

UK citizens are not required to obtain a visa when entering Switzerland as a visitor, but must present a valid British passport when entering and exiting the country. The process of applying for a residence permit, which a foreign national to live and work in Switzerland for longer than 90 days, is relatively straightforward for UK citizens. Permits are issued by Swiss cantonal immigration offices. For the most up-to-date information regarding the Free Movement of Persons between Switzerland and European Union member countries, visit the site for the State Secretariat for Migration.

There are several different categories of residence permits in Switzerland and those who wish to apply for residency will need to determine which is best suited to their particular situation before applying.

  • Permit B is usually granted to individuals who can prove that they sufficient funds to meet their expenses while in Switzerland or to those who have a long term job offer.
  • Permit C is available to nationals of EU and EFTA countries who have been living in Switzerland for five or more years. This permit does not have an expiration date.
  • Permit L is a short term proviso for anyone employed on a contract of less than a year or UK nationals who have overstayed the visa-free 90 day stay.

Study in Switzerland

Switzerland is a popular choice for students from the UK who are pursuing tertiary degrees. Swiss universities are famed for relatively low tuition fees and excellence in teaching and research. Universities there are welcoming to citizens of EU countries. Only 7 of the 12 tertiary institutions require international students to pay additional fees. Unfortunately, Swiss government scholarships are not available to UK nationals.

UK nationals must obtain a resident’s permit to remain in Switzerland for long term studies, which begins with registering with the local Resident’s Registration Office within 14 days of arrival in Switzerland. This requires a valid passport, proof of address, proof of registration with the university, passport photographs and a bank statement to show available funds.

Banking and money

Banking in Switzerland is very straightforward, however, it is more expensive for non-residents. Expats interested in conducting business or staying for in Switzerland long-term will find a useful array of investment and private banking options.

There are over 400 different banks in Switzerland and expats can benefit from excellent service whether they opt for a local bank or one that is internationally based. The top Swiss banks for expats who speak English are Credit Suisse and UBS.

Before opening a bank account in Switzerland it is wise to first call around to find out the specific requirements for the particular bank. Customers seeking to open an account are normally required to present a passport, a recent utility bill as proof of address, documents to substantiate economic background, and a minimum amount of money for a deposit.

Taxation in Switzerland

Those living in Switzerland for more than 180 days will be required to pay taxes on worldwide income. There is a double taxation treaty in place between the UK and Switzerland, which makes British citizens eligible for tax deductions.

Charities and aid organisations

There are 21 organisations of the United Nations based in Geneva, Switzerland. These include the World Health Organization, the United Nations Office at Geneva, the International Labour Office, and the United Nations High Commissioner for Refugees. It is an important hub for procuring products and services with a particular focus on emergency relief, health and crisis recovery.

Economic cooperation between the UK and Switzerland

The UK and Switzerland are close partners in trade and have strong economic ties. The UK was Switzerland’s eight largest source of imports and its fifth most important market for exports in 2013. The total trade volume that year amounted to CHF 17.8bn. The leading exports from the UK to Switzerland include vehicles, paper and stationery, metals, energy sources, leather, rubber, toys, plastics, works of art, chemicals, antiques, precious metals and semi-precious stones and soils.

Swiss direct investment in the UK totaled CHF 78.8bn at the end of 2013, making the UK the third most important investment channel for Switzerland in 2013, according to the Swiss Federal Department of Foreign Affairs. Direct investments in Switzerland from the UK amounted to CHF 21.3bn in 2013; investments from the UK created approximately 27,000 jobs in Switzerland that year.

Frequently Asked Questions

Are the money transfer companies shown above safe to use?

Yes, all the companies are safe and fully-regulated money transfer services. Each are authorised and regulated by the relevant authority such as the Financial Conduct Authority(FCA) in the UK, FinCEN in the US, FinTRAC in Canada or ASIC in Australia.

How long does an international money transfer take?

The speed of delivery will depend on where the money is being from and to and how you are sending and receiving the money. Transfers sent using bank to bank transfers can depend take anywhere from minutes to days and you should check the time estimates from the relevant provider. Debit and credit card payments sometimes allow for faster transfers for smaller amounts.

How do I use FXcompared?

First review the comparison results (such as for a table above) for a given amount of money sending from UK to Switzerland. Then select a provider based on factors such as price, speed, their rating and click the green button to be taken to their website. From there, you can register and sign up for an account. Once you have done that and the provider has verified your identity to ensure the money can be send safely, you will be ready to transfer money.

What payments methods can I use to send money overseas?

The results shown above are typically for bank to bank transfers. It is possible via some providers to pay in your funds for the transfer via cash, debit or credit cards as well but this is usually reserved for smaller amounts. Some providers also give you different options for how the money will be received - to a bank account (most common), to a debit card, to cash or to a digital or mobile wallet.

What if the price shown above isn’t exactly what I am offered when I try to transfer money?

There can be a number of reasons why the final price you are offered may be different to that shown in the table above. Exchange rates between two currencies change all the time and is the most common reason. Additionally, some providers offer different pricing depending what method you are using to send funds or how the funds will be received. Others may offer you a premium service for faster payments. In some cases FXcompared has a special rate with a provider and this is reserved for first time customers who sign up to the provider starting from FXcompared’s website. As prices do change often, be sure to confirm the total cost with the provider before transferring money.

Your Feedback

We welcome all suggestions for improvements. Send us an email at feedback@fxcompared.com.

Latest Money Transfer News for UK

Notify me when rates change
Get free rate alerts
to
?

Currency Converter


GO

All the providers listed are regulated by the relevant authority (e.g. the FCA in the UK, FinCEN in the US, ASIC in Australia) and have been vetted by FXcompared.

FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.