The initial threads of Most cost-efficient top-upmethods for Switzerland became unmanageable (over 600 posts in total) and I cannot edit the summary anymore, therefore I decided to provide an updated summary for Swiss-based Revolut users .
All information as of Q3 2018 - please use with caution (as things/charges can change any time) and on your own responsibility.
Swiss-issued Debit or Credit cards are not a free option any more for Revolut top-ups
Have a look on the following alternative methods:
1. through TransferWise local, Swiss IBAN + card (free for everybody)
You will need to setup an account with Transferwise, apply for the Debit Card, change the card’s limits, and use the card to top-up Revolut.
3. SWIFT bank transfer to the shared Revolut account in CHF (cost depends on your bank)
UBS: choose the BEN option, make sure it is a SWIFT transfer in CHF --> free (@Szak1)
PostFinance --> total cost depending on the amount, 2 CHF for the transfer, the rest is taken from the amount being send:
up to 100 CHF (to be confirmed) --> total cost: 2 CHF
101-10000 CHF --> total cost: 8-25 CHF
10001 and more --> total cost: 12-25 CHF
Credit Suisse --> small amounts ~10CHF transferred for free, most probably higher amount will cause a significant fee when transferred as SWIFT. As reported by @uxgb with “Bonviva” package, transfers done choosing SEPA but in CHF are fee free.
other banks --> ? While testing these methods be careful: charges on the sender bank side might appear later than expected as some banks show these costs on the statements only at the end of month / end of year
Transferwise made some changes today, it is now possible to do transfers in 30 currencys without fees, IF the transfer is within the same currency, eg. EUR to EUR, CHF to CHF aso…
Unfortunatly, I can’t test for myself right now (one needs money to do so) - but now, it should be possible to top-up the revolut-account via normal bank-transfer (without card)… Depending on if revolut can digest topups from companys, that is… (as, afaik, TW is not using name & address of the “account-holder” (tell me if this info is outdated))
I use tw USD-USD transfer very frequently, because cards are not available to business accounts, it works fine but it took 2 days last time. I guess CHF-CHF will be faster as it doesn’t have to cross the Atlantic.
Presumably, you see, that very corner over there, five miles down the street. Let me lend you my binoculars - its right there.
I was actually going to mention the corner, but then thought I might have already exhaused my share of being mean today with the remark that I am not expecting a response anyhow
I’ve toped up my TW account with my Cembra (MMM) Mastercard. Until now I see no fee being applied by Cembra.
Does anyone have any experience with this?
Be care, because on your bank statement you will be charged of 2% for payment of CHF abroad, I got the same with the Viseca card (BCGE) and they charged me on the bill 1.75% for every payment to Revolut or TransferWise.
I payed the fee on TransferWise only when I put the money to activate the account, after that, always free.
FYI
I also have a private account and will have 1.30chf fees if I top-up 100chf from my Cembra credit card.
Which kind of account do you have @Dillmann?