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Old 01.06.2020, 00:13
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Move money from Switzerland to the UK without fees

Hello, I wonder if anyone is transferring money from Switzerland to the UK on a regular basis and what is the best way to do that, ideally without fees?

I heard that you can top up a Revolut account with Neon card issued in Switzerland and this does not incur any fees? Did anyone try this?

Thank you.
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  #2  
Old 01.06.2020, 00:20
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Re: Move money from Switzerland to the UK without fees

I do use Transferwise to send money to my bank account in euros abroad. They have a small transfer fee, but because their conversion rate is not that abusive as the one offered by banks, at the end it is way cheaper.
I think it is a good option for small transactions, but I would not send a lot of money with Tranferwise or Revolut. They are not banks registered in the Swiss national bank, so in case of having any problem I think you are screwed.
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Old 01.06.2020, 02:46
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Re: Move money from Switzerland to the UK without fees

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Hello, I wonder if anyone is transferring money from Switzerland to the UK on a regular basis and what is the best way to do that, ideally without fees?

I heard that you can top up a Revolut account with Neon card issued in Switzerland and this does not incur any fees? Did anyone try this?

Thank you.
You may use Transferwise. One of the best Fx rate online and plus ease/speed of transfer.

They are registered in the UK and provide protection by isolating customers' money into separate accounts.

https://transferwise.com/help/11/get...tection-scheme

Cheers
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Old 01.06.2020, 06:51
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Re: Move money from Switzerland to the UK without fees

I've used transferwise and UK forex. You can compare their rate online before confirming.
These beat the banks hands down for rate, cost and no glitches.
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Old 01.06.2020, 08:15
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Re: Move money from Switzerland to the UK without fees

If you use Revolut avoid the weekends, their spreads are better during the week.
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Old 01.06.2020, 13:35
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Re: Move money from Switzerland to the UK without fees

I used https://xendpay.com/ for a year while one of the juniors was studying in York.

They are a sister company of:

"Rational Group Key Facts
Established 2005, Privately held, debt-free and profitable
Authorised by FCA (UK Govt. official body) as a Payments Institution
Over $5 Billion money transfers to date
Member of SWIFT (RFXLGB2L)
Offices in United Kingdom, France & Spain
Web sites and customer services in multiple languages"

They propose a transfer fee and you can adjust it if you wish. To my mind you should be "fair play" on the amount.

When you are on the home page, select Switzerland (top of page left) then United Kingdom for the destination. That gives you CHF to UK£. You can see the exchange rate and the fee is shown as zero to show you the maximum savings vs. a typical CH bank.
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Old 01.06.2020, 20:24
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Re: Move money from Switzerland to the UK without fees

I would recommend both Transferwise and Revolut based on the amount of money.
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Old 02.06.2020, 18:13
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Re: Move money from Switzerland to the UK without fees

To avoid the transferwise exchange fees, you can use revolut too:


CH Bank (CHF) -> Revolut (CHF) -> Revolut (GBP) -> Transferwise (GBP) -> UK Bank (GBP)
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Old 02.06.2020, 20:26
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Re: Move money from Switzerland to the UK without fees

Transferwise is the best alternative.
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Old 02.06.2020, 20:32
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Re: Move money from Switzerland to the UK without fees

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To avoid the transferwise exchange fees, you can use revolut too:

CH Bank (CHF) -> Revolut (CHF) -> Revolut (GBP) -> Transferwise (GBP) -> UK Bank (GBP)
That seems like a lot of work just to avoid a small fee.
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Old 02.06.2020, 20:51
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Re: Move money from Switzerland to the UK without fees

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That seems like a lot of work just to avoid a small fee.
Nah it's just an additional 30 seconds.
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Old 03.06.2020, 07:07
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Re: Move money from Switzerland to the UK without fees

I use currencyfair - fees are nominal (3chf I think per transfer), and is set up as a monthly direct debit.
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