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


#105

So do you think it depends on my bank?


#106

No fee.

It’s not SWIFT

If you transfer CHF to an account in Switzerland, it comes from a local bank account number (through Currency Cloud I think). And it’s quite fast, very useful to pay bills (red payment slip only, not an orange payment slip)


#107

@Karol

wow cool, didn’t know that, tnx :slight_smile:


#108

My TW card arrived today, I tried it an topped-up successfully 10 CHF. (with no fees :blush:), now I have tried to send the money back to my own swiss bank account. Before I finished it I got the message that my bank could charge me a fee because it’s going to be a SWIFT transfer :sweat_smile:


#109

If you need to do a local transfer to a Swiss account in CHF, you can use Revolut - their transfer arrive from a local bank account, no SWIFT involved. Everything works great, highly recommended!


#110

Ok, thank you :slight_smile:

@AndreasK Could you might inform the developer team they should remove the information that a SWIFT transaction is used for receiving CHF in Switzerland? :sweat_smile:

best regards


#111

@gabriel1231

I might have misunderstood you.

To receive a CHF top-up, it is a SWIFT transaction.

If you want to make a transfer from your Revolut account to an account in Switzerland, it is not a SWIFT transfer, but a local transfer.


#112

No, it’s correct :slight_smile: , I want to transfer CHF from my Revolut account to my local CHF bank account.

@Karol


#113

Maybe I explained it a little bit badly :frowning: , I get a message like “Your bank may charge you a fee because it’s a SWIFT transfer” when I want to send a CHF payment from Revolut to my local CHF bank account


#114

An update to Credit Suisse SWIFT-Transfers (i just asked the support): If you have a “Bonviva”-Package, SWIFT-Transfers are free.


#115

The full amount (10 Fr) has arrived today :blush:


#116

Be careful - the intermediary bank can change different fee depending on the amount. It might be that for higher amounts the fee is there.


#117

you all seem to have a lot of time and energy to waste investigating types of bank transfers, fiddling around with debit and credit cards from various companies, testing transfers to see if you will be charged 10 CHF or not etc etc

And all that for what ? Saving 1% - 2% commission on the purchases you do abroad ? How much do you spend abroad in 1 year ? 100’000 CHF ? If so it might be worth going through all this trouble. If you spend 10’000 yearly, is it worth doing all that mess for 100 or 200 CHF ?

Personally I prefer avoiding that hassle, I don’t care if I could have saved 2 or 3 CHF when I get to the supermarket cashier if I go shopping to France or Italy…

Until there is a free and straight forward way to top-up a Revolut account I will just stay away from it


#118

…and that’s exactly WHY we are doing this, micmac! To check if there is a free and straight forward way to top-up. Hence the small amounts.

Otherwhise people like you would wait forever as no one would check “is there now an option”…

@AndreasK

Btw - it’s june now, CH-IBAN were “around the corner” and due to arrive in march… Are there, by any chance, some news?


#119

Do you mean CurrencyCloud?


#120

Yes, that would be great to know :slight_smile: @AndreasK


#121

I seriously dont think we are going to get an update on that before it is available.


#122

I also tested sending small sums of money from Revolut to various local Swiss accounts and received exactly what was sent. Defeats the purpose of TransferWise, but I want to be certain Revolut CHF - Swiss CHF is fee free, can anyone confirm?


#123

@revolutuzer it was always free of charges to send money from revolut to any swiss CHF account.

What’s under discussion here is the opposite way, to top up your revolut from a swiss CHF account. This is still subject to high fees depending on your swiss bank.


#124

Guys didn’t a Revolut top up using TW debit card give you problems with addresses not matching?