Want to transfer money to Switzerland? Considering a bank wire to send the money to Switzerland? Before you ask your bank to organise it, be sure to check the wire transfer fees. It may come as a shock just what the costs will be and depending on the dollar amount, it might not be worth sending the money by bank wire transfer to forward the money another way.
What can make it more expensive is in addition to your financial institution adding a fee for sending the funds to a bank in Switzerland, the individual receiving the transfer will possibly also be charged a fee at their end. One way to minimise the possibilty of this charge is to send the international wire transfer in their local currency.
To make a bank wire transfer to Switzerland, you may need a SWIFT code. These are unique for each bank and are based on references including the individual banking institution and country.
SWIFT Country Code
Central Bank Name
Swiss National Bank