Send money to Switzerland

An IMT or an International Money Transfer is possible when you transfer money from account to account. The best part about Mozo’s guide on transferring money to Switzerland, is that it’s pretty straightforward. So if you don’t have much time on your hands, then Mozo’s the best place to be! Here you will learn about how and when to transfer at a pace that’s right for your personal situation.

Is an International Money Transfer right for me?

Do you... Yes No

a) want to transfer money to friends or family?


b) have a business in Switzerland?


c) need to convert dollars to euros for a Swiss holiday?


d) have property in Switzerland?


If you’ve answered yes to a, b and d, then you’re certainly reading the right Mozo page. We will enlighten you further on the hows and whys of making an IMT. Had you also answered yes to c, then we would politely direct you to Mozo’s Travel Moneysection instead.

Compare exchange rates for Euro and IMT provider options

What amount do you want to send? Select the amount of Australian dollars you want to exchange and Mozo’s IMT compare tool will give you an estimate of how many Euros you’ll get with today’s rates. Remember - the rates change hourly, so be sure to check back again for regular transfers.

FAQs about transferring money to Switzerland

How do I actually transfer money to Switzerland?

You can convert Australian dollars to euros and transfer them to any Swiss destination. Do you have your recipient's bank ID numbers and their account details? Great! You’ll be transferring funds to their Swiss account in no time. Start the transfer process by using one of the following:


It’s sometimes strange to think that we would take our money matters away from the safe confines of a bank, but there are other ways of transferring funds across the globe that are just as safe. However your bank may be a good place when it comes to familiarising yourself with the IMT process before looking elsewhere.

Pros: Familiar names that you already trust and use.

Cons: Higher transfer fees than other agents or financial providers. Not as convenient as other methods if you can’t go to a branch during regular banking hours.

Foreign Exchange Specialist

As Specialist FX or Foreign Exchange Specialists aren’t dominated by multi-level operations like regular banks, they just focus on mainly one thing - exchanging currencies worldwide. This means a Specialist FX has the power to secure better deals than banks. So if you want more euro value for your Aussie dollars, online IMT and foreign exchange providers like CurrencyFair, HiFX, OXF will offer the expert service and savings you’re looking for. The best part about using an IMT provider is the flexibility, available 24/7.

Pros: Quick and safe international money transfer, better or no fees, cheaper rates than banks

Cons: Since currencies change everyday, trading Australian dollars for Euros may vary from one day to the next.

Is wiring money to Switzerland risky?

The actual act of online IMTs isn’t the potential issue. It’s whether or not you have the right level of protection on your PC or mobile device. You need to ensure that you:

  • Install the latest anti-virus software like McAfee
  • Download the latest updates your PC or mobile.

Protecting your PC or mobile gives you buys you security to transfer, shop and do your regular banking online, anytime.

Can I make a one-off transfer to Switzerland?

Of course. And no one will ask why. So if you’re sending a gift to a friend or relative or buying a car before migrating to Switzerland, it’s your business to do so.

Want to make regular payments? For business purposes or any other reason, Mozo recommends that you ask your IMT agent to tailor a deal for your individual situation. Remember: it’s not always possible for an agent to offer you a better rate than they can offer other customers.

How do I compare IMT agents?

Mozo makes this as easy as possible. You don’t have to spend hours jumping from one site to the next. Just use our online comparisons tool to compare multiple IMT agents in one g.

What to keep in mind when comparing IMT services:

  • Limits: there are banks or FX providers who are strict about how much you can exchange and transfer at any one time. In some cases, the more the minimum, the less the rate and visa versa. But this isn’t a guarantee. Make sure you assess which combined offer will suit your budget instead of going for the first fee/rate combo you see.
  • Rates: if you’re interested in saving money, then you really need to take take notice on the rate that’s on offer. It will definitely affect the overall cost involved. Fancy dinner tonight, or tinned tuna? Your call.
  • Transfer speed: it’s great to know that ‘immediate’ transfers are available, but it doesn’t mean that the money you send will be immediately available to the end user. Keep in mind that it takes 3-8 business days for money to clear, no matter what the IMT agent promises. Best thing to do? Plan ahead before making transfers to ensure your money gets to the recipient in a timely manner.
  • Fees: you could pay anywhere between zero and $30 or more to initiate the IMT process. If saving money is important to you, then makes sure you compare IMT agent costs before you send money across.
  • Online vs phone or in person: online will nearly always outweigh over the phone or transferring money to Switzerland in person in terms of fee savings. If you’re feeling confident about making a transfer on your own, then it’s worth the saving. It’s pretty straightforward and simple - give it a go!

How do I set up an international money transfer?

Firstly, you need to decide which direction you will take - online, in person or over the phone?

Working this out first, will determine your best next steps.

  • Will you be logging on to your online bank account or app?
  • Visiting a branch?
  • Filling out a form online?

Whichever way you choose to transfer money to Switzerland, some crucial bits of information you’ll need for a successful transfer include:

  • Full name and address of the recipient’s bank
  • Recipient's name, address and account name
  • Account number or International Bank Account Number (IBAN)
  • SWIFT/BIC code of your personal account you're transferring funds from
  • Amount you would like to send.

IMT must-know terminology

BIC - Bank Identification Code

SWIFT - Society for Worldwide Interbank Financial Telecommunication

IBAN - International bank account number

Recipient - The person or party who receives the money being transferred

IMT - International money transfer

IMO - International money order.