Sending money from Switzerland is a quick, efficient process. Many methods of sending money exist. One is the money wire transfer service, a reliable means of sending money to a branch office in another country. Another popular option is sending money from your bank account directly to the bank account of the recipient in the form of a bank wire. The urgency of your situation may determine the process you choose.
Calculate how much money you need to send. Using an online currency conversion chart, determine the ratio of Swiss Francs to the currency of the recipient.
Research available methods of money transfer. Money wire businesses have money sent to recipients in a matter of minutes. A fee is assessed to the sender and higher fees are assessed for faster delivery. Limits are placed on the amount of money sent through money wire businesses. You also may send money from your bank account via a bank wire directly into the bank account of the recipient. Fees are assessed to the sender and in some cases to the account of the recipient.
Initiate your money wire. Have valid identification available. When sending funds through a money wire transfer business, fill out paperwork or a form that states the name and location of the recipient. Some money wire companies offer online service; others require you to vist their offices. State the amount of money being sent. For bank wires, contact the bank, and provide your account information, the name of the recipient's bank, the name on the recipient's account, the routing number and the account number.
Note your documentation. Money wire transfers have a control number, which is used to trace the progress of the transaction. Bank wires also have a trace number assigned, and by using this number you can determine when funds are deposited into the recipient's bank account.
Notify your recipient that your transfer is complete. Make him aware of the approximate availability date of the funds. Recipients must have the tracking number and a valid form of identification or code word to pick up funds from a wire transfer branch office. Recipients of bank wires receive their money as a standard bank deposit.
Tips & Warnings
- Bank wires allow you to transfer larger sums of money, but the funds are not available for one or two days. Funds sent through money wire transfer businesses are available instantly.
- Photo Credit billets francs image by guy from Fotolia.com
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