The initial thread of Most cost-efficient top-up methods for Switzerland became unmanageable (over 400 posts) and I cannot edit the summary anymore, therefore I decided to provide an updated summary for Swiss-based Revolut users.
All information as of May 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.
- All the steps for the newcommers:
- Create the Transferwise Borderless account (my referer link) and activate it
- Top-up your account with at least 20 CHF
- Apply for the Borderless Debit Card
- Change your limits - for the moment only in the iOS app
- Now you are ready to:
- Make a local transfer to the TransferWise account in CHF
- Use the Borderless Debit Card to top-up Revolut for free
- Caution: Revolut exchange rates are better than TW (especially on weekdays), so it is usually not worth using the TW card directly.
2. CurrencyFair local, Swiss IBAN (3 CHF/transfer)
- Local Swiss transfer --> your own CurrencyFair account
- CurrencyFair --> Revolut Swiss IBAN (3 CHF) (@fudder)
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: 8-10 CHF
- 10001 and more --> 12 CHF or more (25 CHF charges has been reported by some users)
- Credit Suisse (small amounts ~10CHF transferred for free, most probably higher amount will cause a significant fee)
- 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