SWITZERLAND - Most cost-efficient top-up methods -- The ONLY free method --> first post


#246

Ok!! Thanks! It worked.

So now…with my 20chf in my revolut account if I want to transfer them to my french bank account in EUR I should first change them to EUR in revolut and then transfer them, right?

Thanks again!


#247

Right, it worked! no fee at Postfinance doing a SEPA transfer in € from the € account :slight_smile:
(But you need a Postfinance account in Euro)


#248

the payment method what you do is SWIFT abd usually not free of charge. You pay for Bonviva packages which is Swift payment included


#249

true, this is strictly speaking not a SEPA payment because it’s not in EUR. but to me as a user it looks (and is entered) just like a normal SEPA payment, even if CS in the background sends it as SWIFT.
i’m of course aware that this is only ‘free’ for customers with bonviva package. but if you are already a bonviva customer then this is a good free, simple and fast way to top up.


#250

Hi @uxgb,

I have included your findings in the new, updated summary:

Unfortunately I cannot edit the old one here any more.


#251

So… I made another transfer with the “correct” IBAN from the CHF account in app and “our costs”. No charge at first, but almost 4 weeks after the transfer, today, I noticed same “GIRO” fees from PostFinance balancing out to 20 (“Our Costs fee”) + 25 (Fee Domicile Abroad) + 2 (GIRO international fee), so a total of 47 CHF in fees for the 6000CHF transfer. It is <1% I guess, but 47 CHF ?! Terrible.

I’ll consider going to UBS I guess or using TW card.


#252

@Strzelec Well, to be honest, using TW is not that complicated and easy to get used to…I’m actually using it and it doesn’t take so much time. Once you make a transfer to TW from your bank, then you need 3-4 clicks on Revolut app and money is here…
My referal link is here in case you don’t have any account: my link on TW


#253

Start using TW and top up Revolut with a first 1000 from the greencard. Now it doesn’t work anymore, saying there is an error, session expired when I try :frowning:


#254

I made a top up yesterday 1500chf from TW card and no problem at all. Sorry to hear that, maybe some little bug somewhere. Was it your very first top up? If yes try again with little amount like 100chf.

But also a good news it seems TW improved the speed of transfer. I put my bank order of 1500chf Monday evening and Tuesday 9am my money was on my TW account and 9:01 it was on Revolut. Instead of 2-3 days usually…


#255

It worked now for a first 1000 from TW to Revolut, but I think I have to wait 24 hours to do the next top up.
You’re right, transfering money to Transferwise seems faster now :slight_smile:


#256

@Swissalexx
1st: this is the outdated thread. there’s a new one :wink:
2nd: you DO know you have topup-limits in revolut, right? they’ll increase the more you use revolut, but two times a 1000? pretty sure that’s too much. pls. check out their T&C and the FAQ for the right way of topping up…

@AndreasK
Hi Andreas, as this is the outdated thread - would it be possible to put a lock on it? So people’d have to find the new one?


#257

oups sorry, didn’t realise this is the outdated post!


#258

Just to finish this topic, there is also a limit on the TW card. I changed mine and I have now 2000GBP / 24h for topping Revolut. Check yours as well.


#259

but for topping up :r: business accounts we are now doomed. they required CHxx IBANs now according to:

https://transferwise.com/help/article/1998638/other-european-transfers/chf-transfers


#260

Quick question:

When applying for a TW Borderless Debit card, I have to choose a primary currency. CHF does not have a local IBAN it states. Do I have to choose CHF as a primary currency anyways? If yes, how does that work afterwards?

Thanks!


#261

I am not sure what a primary currency is in case of TW, but whatever your primary currency in TW is, you can setup a CHF “wallet”, that you top-up for free from any Swiss bank (local IBAN), and then when using TW Borderless Debit card to top-up Revolut, you just specify CHF as the card currency. It will be taken from your CHF “wallet” in TW this way.


#262

Not too excited about setting up a TW account, never heard about them till I joined this forum.

Setting up a EUR PF account is quite convenient, especially with the PF EUR card which allows you to withdraw EUR from PF ATMs (postomat) without any fee.

I did a top-up from EUR PF to EUR Revolut via SEPA and it’s entirely free, nothing is deducted.


#263

FYI: Zürcher Kantonalbank charges CHF 4 per xfer as of June 2018


#264

What is BEN option? Is it “borne by beneficiary”? Thanks!


#265

Yes, all costs to be borne by the beneficiary