How to send money to Switzerland from Canada with the best CAD-CHF rate

Paysend is the cheapest way to send money from Canada to Switzerland based on the 12 companies we analyzed, giving your recipient 587.63 CHF from CA$1,000.

Best companies for CAD/CHF transfers

12 of 12 providers

Last updated on 28 October 2026

Based on 1,000 CAD transfer

Best companies for CAD/CHF transfers

Sort Cheapest
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Wise

Pay via Bank Transfer
Fees: $7.36 1 CAD = 0.5908 CHF 0.00% vs mid-market Recipient gets CHF 586.41 Same day
Receive to bank accountDedicated support for large transfers

Ways to receive money in Switzerland with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
$7.361 CAD = 0.5908 CHF
CHF 586.41You pay$1,000.00
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CurrencyFair

Pay via Bank Transfer
Fees: $6.77 1 CAD = 0.5868 CHF +0.67% vs mid-market Recipient gets CHF 582.80 6-12 Hours
Receive to bank account

Ways to receive money in Switzerland with CurrencyFair when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$6.771 CAD = 0.5868 CHF
CHF 582.80You pay$1,000.00

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Showing top Canada to Switzerland deals for 1,000 CAD. Do a live search with your exact amount for today's best rates.

Paysend

Pay via Debit Card
Fees: $0.00 1 CAD = 0.5876 CHF +0.53% vs mid-market Recipient gets CHF 587.63 6-12 Hours
Cheapest

Ways to receive money in Switzerland with Paysend when paying by debit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.5876 CHF
CHF 587.63You pay$1,000.00

Paysend

Pay via Credit Card
Fees: $0.00 1 CAD = 0.5876 CHF +0.53% vs mid-market Recipient gets CHF 587.63 6-12 Hours

Ways to receive money in Switzerland with Paysend when paying by credit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.5876 CHF
CHF 587.63You pay$1,000.00

Currencies Direct

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.5872 CHF +0.60% vs mid-market Recipient gets CHF 587.20 6-12 Hours
Fastest
Receive to bank account

Ways to receive money in Switzerland with Currencies Direct when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.5872 CHF
CHF 587.20You pay$1,000.00

OFX

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.5869 CHF +0.65% vs mid-market Recipient gets CHF 586.89 6-12 Hours
Receive to bank account

Ways to receive money in Switzerland with OFX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.5869 CHF
CHF 586.89You pay$1,000.00

Wise

Pay via Bank Transfer
Fees: $7.36 1 CAD = 0.5908 CHF 0.00% vs mid-market Recipient gets CHF 586.41 Same day
Recommended
Receive to bank accountDedicated support for large transfers

Ways to receive money in Switzerland with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
$7.361 CAD = 0.5908 CHF
CHF 586.41You pay$1,000.00

Wise

Pay via Interac
Fees: $13.07 1 CAD = 0.5908 CHF 0.00% vs mid-market Recipient gets CHF 583.03 Within minutes
Receive to bank accountDedicated support for large transfers

Ways to receive money in Switzerland with Wise when paying by interac.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$13.071 CAD = 0.5908 CHF
CHF 583.03You pay$1,000.00

CurrencyFair

Pay via Bank Transfer
Fees: $6.77 1 CAD = 0.5868 CHF +0.67% vs mid-market Recipient gets CHF 582.80 6-12 Hours
Receive to bank account

Ways to receive money in Switzerland with CurrencyFair when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$6.771 CAD = 0.5868 CHF
CHF 582.80You pay$1,000.00

Western Union

Pay via Debit Card
Fees: $0.00 1 CAD = 0.5815 CHF +1.57% vs mid-market Recipient gets CHF 581.50 Next Day
Receive to bank account or cash pickup

Ways to receive money in Switzerland with Western Union when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.5815 CHF
CHF 581.50You pay$1,000.00

Western Union

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.5815 CHF +1.57% vs mid-market Recipient gets CHF 581.50 Next Day
Receive to bank account or cash pickup

Ways to receive money in Switzerland with Western Union when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.5815 CHF
CHF 581.50You pay$1,000.00

Wise

Pay via Debit Card
Fees: $18.39 1 CAD = 0.5908 CHF 0.00% vs mid-market Recipient gets CHF 579.89 Within minutes
Receive to bank accountDedicated support for large transfers

Ways to receive money in Switzerland with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$18.391 CAD = 0.5908 CHF
CHF 579.89You pay$1,000.00

Moneycorp

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.5789 CHF +2.00% vs mid-market Recipient gets CHF 578.91 Next Day

Ways to receive money in Switzerland with Moneycorp when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.5789 CHF
CHF 578.91You pay$1,000.00

Remitbee

Pay via Interac
Fees: $0.00 1 CAD = 0.5780 CHF +2.18% vs mid-market Recipient gets CHF 578.00 Next Day
0 reviews

Ways to receive money in Switzerland with Remitbee when paying by interac.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.5780 CHF
CHF 578.00You pay$1,000.00

Remitbee

Pay via Bill payment
Fees: $0.00 1 CAD = 0.5780 CHF +2.18% vs mid-market Recipient gets CHF 578.00 Next Day
0 reviews

Ways to receive money in Switzerland with Remitbee when paying by bill payment.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.5780 CHF
CHF 578.00You pay$1,000.00

Remitbee

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.5780 CHF +2.18% vs mid-market Recipient gets CHF 578.00 Next Day
0 reviews

Ways to receive money in Switzerland with Remitbee when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.5780 CHF
CHF 578.00You pay$1,000.00

TD Bank

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.5771 CHF +2.34% vs mid-market Recipient gets CHF 577.05 6-12 Hours

Ways to receive money in Switzerland with TD Bank when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.5771 CHF
CHF 577.05You pay$1,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $5.99 1 CAD = 0.5768 CHF +2.39% vs mid-market Recipient gets CHF 576.80 6-12 Hours

Ways to receive money in Switzerland with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 0.5768 CHF
CHF 576.80You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $5.99 1 CAD = 0.5768 CHF +2.39% vs mid-market Recipient gets CHF 576.80 6-12 Hours

Ways to receive money in Switzerland with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 0.5768 CHF
CHF 576.80You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fees: $5.99 1 CAD = 0.5768 CHF +2.39% vs mid-market Recipient gets CHF 576.80 6-12 Hours

Ways to receive money in Switzerland with MoneyGram when paying by cash deposit.

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 0.5768 CHF
CHF 576.80You pay$1,005.99

Koho

Pay via Bank Transfer
Fees: $24.06 1 CAD = 0.5905 CHF +0.04% vs mid-market Recipient gets CHF 576.29 Next day
Receive to bank account

Ways to receive money in Switzerland with Koho when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext dayAvailable via:Bank Transfer
$24.061 CAD = 0.5905 CHF
CHF 576.29You pay$1,000.00

RBC

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.5746 CHF +2.76% vs mid-market Recipient gets CHF 574.65 6-12 Hours
0 reviews

Ways to receive money in Switzerland with RBC when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.5746 CHF
CHF 574.65You pay$1,000.00

Remitbee

Pay via Debit Card
Fees: $8.99 1 CAD = 0.5780 CHF +2.18% vs mid-market Recipient gets CHF 572.80 Next Day
0 reviews

Ways to receive money in Switzerland with Remitbee when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositNext Day
$8.991 CAD = 0.5780 CHF
CHF 572.80You pay$1,000.00

Wise

Pay via Credit Card
Fees: $33.13 1 CAD = 0.5908 CHF 0.00% vs mid-market Recipient gets CHF 571.18 Within minutes
Receive to bank accountDedicated support for large transfers

Ways to receive money in Switzerland with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$33.131 CAD = 0.5908 CHF
CHF 571.18You pay$1,000.00
How Our Results Work
Mid-market rate: 1 CAD = 0.5907 CHF Updates every 60 minutes.

How to send money from Canada to Switzerland

Pick a company

Start with the cheapest, which is Paysend at 587.63 CHF on CA$1,000.

Paysend was the cheapest on 29 of the 30 days it quoted CA$1,000 transfers to Switzerland.

More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.

Fund your transfer

You have 6 ways to pay, including bank transfer, debit card, credit card, interac, bill payment, and cash deposit.

Interac e-Transfer is how most companies take your money, moving it into their Canadian account so they can carry it over the border.

Verify and send

First time round you'll need a photo ID, and often where the money came from.

Your first transfer will be slower than the ones after it because of those checks, so send it a few days before it's needed.

Compare amounts

How much CAD are you sending to Switzerland?

How much CAD you send to Switzerland heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Paysend was the cheapest in 92% of the transfers up to C$1,000 it quoted, and in 90% of all the transfers it quoted.

Cheapest service
$1000.51%$0.00CHF 58.76with debit card to bank deposit+CHF 1.93
$5000.53%$0.00CHF 293.81with debit card to bank deposit+CHF 4.32
$1,000This page0.53%$0.00CHF 587.63with debit card to bank deposit+CHF 7.64
$3,0000.00%$16.12CHF 1,761.91with bank transfer to bank deposit+CHF 18.48
$5,0000.16%$0.00CHF 2,947.50with bank transfer to bank deposit+CHF 37.44
$10,0000.25%$0.00CHF 5,889.06with bank transfer to bank deposit+CHF 58.36
$50,0000.20%$0.00CHF 29,456.47with bank transfer to bank deposit+CHF 204.35
$100,0000.20%$0.00CHF 58,915.93with bank transfer to bank deposit+CHF 400.51

Mid-market rate: 1 CAD = 0.5907 CHF

CAD/CHF Exchange Rate History

Is today a good time to send money from Canada to Switzerland?

The cheapest way to send CAD to CHF can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Paysend), across 30 days of comparisons for 1,000 CAD transfers to Switzerland.

CHF received for $1,000, after fees

Wed, Oct 28, 2026Mid-market rateCHF 590.73 Paysend CHF 587.63 TD Bank CHF 577.05PaysendCHF 587.63Currencies DirectCHF 587.20OFXCHF 586.89Extra cost of a bankCHF 10.58

565
570
575
580
585
590
595
At the mid-market rateWith the cheapest optionWith a bankPaysendCurrencies DirectOFX
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5873 – CHF 587.33
Paysend Cheapest 0.5841 $0.00 CHF 584.14 −CHF 3.19
Currencies Direct 0.5838 $0.00 CHF 583.80 −CHF 3.53
OFX 0.5835 $0.00 CHF 583.51 −CHF 3.82
TD Bank 0.5737 $0.00 CHF 573.72 −CHF 13.61
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5875 – CHF 587.54
Paysend Cheapest 0.5848 $0.00 CHF 584.75 −CHF 2.79
Currencies Direct 0.5840 $0.00 CHF 584.00 −CHF 3.54
OFX 0.5837 $0.00 CHF 583.72 −CHF 3.82
TD Bank 0.5743 $0.00 CHF 574.27 −CHF 13.27
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5880 – CHF 588.00
Paysend Cheapest 0.5851 $0.00 CHF 585.13 −CHF 2.87
Currencies Direct 0.5845 $0.00 CHF 584.50 −CHF 3.50
OFX 0.5842 $0.00 CHF 584.18 −CHF 3.82
TD Bank 0.5743 $0.00 CHF 574.28 −CHF 13.72
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5832 – CHF 583.17
Paysend Cheapest 0.5801 $0.00 CHF 580.11 −CHF 3.06
Currencies Direct 0.5797 $0.00 CHF 579.70 −CHF 3.47
OFX 0.5794 $0.00 CHF 579.38 −CHF 3.79
TD Bank 0.5699 $0.00 CHF 569.88 −CHF 13.29
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5814 – CHF 581.37
Paysend Cheapest 0.5785 $0.00 CHF 578.52 −CHF 2.85
Currencies Direct 0.5780 $0.00 CHF 578.00 −CHF 3.37
OFX 0.5776 $0.00 CHF 577.59 −CHF 3.78
TD Bank 0.5699 $0.00 CHF 569.88 −CHF 11.49
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5828 – CHF 582.76
OFX Cheapest 0.5790 $0.00 CHF 578.97 −CHF 3.79
Paysend 0.5785 $0.00 CHF 578.52 −CHF 4.24
Currencies Direct 0.5780 $0.00 CHF 578.00 −CHF 4.76
TD Bank 0.5689 $0.00 CHF 568.89 −CHF 13.87
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5815 – CHF 581.52
Paysend Cheapest 0.5782 $0.00 CHF 578.20 −CHF 3.32
Currencies Direct 0.5781 $0.00 CHF 578.10 −CHF 3.42
OFX 0.5777 $0.00 CHF 577.74 −CHF 3.78
TD Bank 0.5689 $0.00 CHF 568.89 −CHF 12.63
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5827 – CHF 582.72
Paysend Cheapest 0.5797 $0.00 CHF 579.71 −CHF 3.01
Currencies Direct 0.5790 $0.00 CHF 579.00 −CHF 3.72
OFX 0.5789 $0.00 CHF 578.93 −CHF 3.79
TD Bank 0.5697 $0.00 CHF 569.66 −CHF 13.06
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5856 – CHF 585.56
Paysend Cheapest 0.5826 $0.00 CHF 582.57 −CHF 2.99
Currencies Direct 0.5819 $0.00 CHF 581.90 −CHF 3.66
OFX 0.5818 $0.00 CHF 581.76 −CHF 3.80
TD Bank 0.5697 $0.00 CHF 569.66 −CHF 15.90
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5841 – CHF 584.06
Paysend Cheapest 0.5810 $0.00 CHF 581.02 −CHF 3.04
Currencies Direct 0.5806 $0.00 CHF 580.60 −CHF 3.46
OFX 0.5803 $0.00 CHF 580.27 −CHF 3.79
TD Bank 0.5727 $0.00 CHF 572.70 −CHF 11.36
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5847 – CHF 584.68
Paysend Cheapest 0.5816 $0.00 CHF 581.62 −CHF 3.06
Currencies Direct 0.5811 $0.00 CHF 581.10 −CHF 3.58
OFX 0.5809 $0.00 CHF 580.88 −CHF 3.80
TD Bank 0.5713 $0.00 CHF 571.33 −CHF 13.35
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5817 – CHF 581.73
Paysend Cheapest 0.5793 $0.00 CHF 579.30 −CHF 2.43
Currencies Direct 0.5788 $0.00 CHF 578.80 −CHF 2.93
OFX 0.5779 $0.00 CHF 577.95 −CHF 3.78
TD Bank 0.5674 $0.00 CHF 567.40 −CHF 14.33
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5817 – CHF 581.73
Paysend Cheapest 0.5793 $0.00 CHF 579.30 −CHF 2.43
Currencies Direct 0.5788 $0.00 CHF 578.80 −CHF 2.93
OFX 0.5779 $0.00 CHF 577.95 −CHF 3.78
TD Bank 0.5692 $0.00 CHF 569.18 −CHF 12.55
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5831 – CHF 583.15
Paysend Cheapest 0.5801 $0.00 CHF 580.15 −CHF 3.00
Currencies Direct 0.5794 $0.00 CHF 579.40 −CHF 3.75
OFX 0.5794 $0.00 CHF 579.36 −CHF 3.79
TD Bank 0.5704 $0.00 CHF 570.41 −CHF 12.74
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5837 – CHF 583.72
Paysend Cheapest 0.5807 $0.00 CHF 580.69 −CHF 3.03
OFX 0.5799 $0.00 CHF 579.92 −CHF 3.80
TD Bank 0.5708 $0.00 CHF 570.81 −CHF 12.91
Currencies Direct No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5858 – CHF 585.83
Paysend Cheapest 0.5828 $0.00 CHF 582.83 −CHF 3.00
Currencies Direct 0.5822 $0.00 CHF 582.20 −CHF 3.63
OFX 0.5820 $0.00 CHF 582.02 −CHF 3.81
TD Bank 0.5728 $0.00 CHF 572.77 −CHF 13.06
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5845 – CHF 584.52
Paysend Cheapest 0.5815 $0.00 CHF 581.50 −CHF 3.02
Currencies Direct 0.5810 $0.00 CHF 581.00 −CHF 3.52
OFX 0.5807 $0.00 CHF 580.72 −CHF 3.80
TD Bank 0.5712 $0.00 CHF 571.19 −CHF 13.33
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5830 – CHF 582.99
Paysend Cheapest 0.5799 $0.00 CHF 579.95 −CHF 3.04
Currencies Direct 0.5795 $0.00 CHF 579.50 −CHF 3.49
OFX 0.5792 $0.00 CHF 579.20 −CHF 3.79
TD Bank 0.5712 $0.00 CHF 571.19 −CHF 11.80
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Paysend Cheapest 0.5797 $0.00 CHF 579.68 –
Currencies Direct 0.5793 $0.00 CHF 579.30 –
TD Bank 0.5698 $0.00 CHF 569.77 –
OFX No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Paysend Cheapest 0.5797 $0.00 CHF 579.68 –
Currencies Direct 0.5793 $0.00 CHF 579.30 –
TD Bank 0.5698 $0.00 CHF 569.77 –
OFX No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5843 – CHF 584.31
Paysend Cheapest 0.5812 $0.00 CHF 581.24 −CHF 3.07
OFX 0.5805 $0.00 CHF 580.52 −CHF 3.79
TD Bank 0.5698 $0.00 CHF 569.77 −CHF 14.54
Currencies Direct No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5863 – CHF 586.26
Paysend Cheapest 0.5832 $0.00 CHF 583.16 −CHF 3.10
Currencies Direct 0.5827 $0.00 CHF 582.70 −CHF 3.56
OFX 0.5824 $0.00 CHF 582.45 −CHF 3.81
TD Bank 0.5718 $0.00 CHF 571.77 −CHF 14.49
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5869 – CHF 586.95
Paysend Cheapest 0.5839 $0.00 CHF 583.85 −CHF 3.10
Currencies Direct 0.5834 $0.00 CHF 583.40 −CHF 3.55
OFX 0.5831 $0.00 CHF 583.13 −CHF 3.82
TD Bank 0.5744 $0.00 CHF 574.39 −CHF 12.56
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5852 – CHF 585.22
Paysend Cheapest 0.5825 $0.00 CHF 582.51 −CHF 2.71
Currencies Direct 0.5817 $0.00 CHF 581.70 −CHF 3.52
OFX 0.5814 $0.00 CHF 581.41 −CHF 3.81
TD Bank 0.5722 $0.00 CHF 572.23 −CHF 12.99
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5871 – CHF 587.06
Paysend Cheapest 0.5840 $0.00 CHF 583.98 −CHF 3.08
Currencies Direct 0.5834 $0.00 CHF 583.40 −CHF 3.66
OFX 0.5832 $0.00 CHF 583.25 −CHF 3.81
TD Bank 0.5739 $0.00 CHF 573.94 −CHF 13.12
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5892 – CHF 589.24
Paysend Cheapest 0.5861 $0.00 CHF 586.05 −CHF 3.19
Currencies Direct 0.5856 $0.00 CHF 585.60 −CHF 3.64
OFX 0.5854 $0.00 CHF 585.41 −CHF 3.83
TD Bank 0.5739 $0.00 CHF 573.94 −CHF 15.30
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5892 – CHF 589.24
Paysend Cheapest 0.5861 $0.00 CHF 586.05 −CHF 3.19
Currencies Direct 0.5856 $0.00 CHF 585.60 −CHF 3.64
OFX 0.5854 $0.00 CHF 585.41 −CHF 3.83
TD Bank 0.5757 $0.00 CHF 575.67 −CHF 13.57
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5880 – CHF 587.96
Paysend Cheapest 0.5850 $0.00 CHF 585.00 −CHF 2.96
Currencies Direct 0.5844 $0.00 CHF 584.40 −CHF 3.56
OFX 0.5841 $0.00 CHF 584.14 −CHF 3.82
TD Bank 0.5751 $0.00 CHF 575.15 −CHF 12.81
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5906 – CHF 590.61
Paysend Cheapest 0.5874 $0.00 CHF 587.45 −CHF 3.16
Currencies Direct 0.5871 $0.00 CHF 587.10 −CHF 3.51
OFX 0.5868 $0.00 CHF 586.77 −CHF 3.84
TD Bank 0.5775 $0.00 CHF 577.45 −CHF 13.16
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.5907 – CHF 590.73
Paysend Cheapest 0.5876 $0.00 CHF 587.63 −CHF 3.10
Currencies Direct 0.5872 $0.00 CHF 587.20 −CHF 3.53
OFX 0.5869 $0.00 CHF 586.89 −CHF 3.84
TD Bank 0.5771 $0.00 CHF 577.05 −CHF 13.68

Exchange rateFees:Recipient getsDifference

Each line shows what the recipient gets when you send $1,000, after fees, as quoted by each company. The mid-market line shows what $1,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. The bank line is the cheapest bank available on each day.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more CHF per CAD than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of CHF on every transfer from Canada.

Right now, Paysend pays 587.63 CHF on 1,000 CAD, which is 3.1 CHF less than the mid-market amount.

Today's payout is the highest in the past month.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Switzerland.

We've tracked 240 comparisons to check how often today's top companies were the cheapest across 8 amounts over the past month.

  1. PaysendAppeared in 92 comparisons

    Cheapest in 90% of them

  2. Currencies DirectAppeared in 228 comparisons

    Cheapest in 2% of them

  3. OFXAppeared in 201 comparisons

    Cheapest in 2% of them

  4. TD BankAppeared in 149 comparisons

    Never the cheapest

Based on 240 comparisons across 8 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Paysend is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.

Currencies Direct (today's second cheapest) was the cheapest in only 2% of its comparisons, so it's rarely the cheapest option for transfers to Switzerland.

Ways to send money from Canada to Switzerland

There are 12 companies sending money to Switzerland, but how you send depends on your needs.

Most common option

In-person transfers

Hand your cash over the counter and your recipient can collect it the same day without needing an app or bank account.

Bring CA$1,000 in cash to the closest Western Union location, and your recipient picks up 581.5 CHF within minutes.

Our data shows Western Union came out cheapest among in-person options on 100% of days in the past month.

Cash transfers cost more

Cash transfer to Switzerland is usually the most expensive option, compare your options above to get the best deal.

For transfers home

Money transfer apps

An app does the same job as the store for less, and you top it up with an Interac e-Transfer, the same way you'd send money to a friend.

Paysend charges CA$0 in fees and adds 0.53% markup, so your CA$1,000 delivers 587.63 CHF in 6-12 hours.

Over the past month, Paysend was the cheapest app on 100% of the days it appeared for CA$1,000 transfers.

You don't need a SIN to sign up either, a passport works.

For one-off transfers

Online transfers

For bigger or less frequent transfers, compare a couple of online services on the day, and pick the cheapest.

Of the 12 companies we compared, Paysend is the cheapest online service and currently gets you 587.63 CHF on a CA$1,000 transfer after a CA$0 fee and 0.53% markup.

In our comparisons over the past month, it was the cheapest online service on 30 of the 30 days it quoted.

Funding by bank transfer (EFT) is cheapest but takes 1-2 days to clear, and Interac e-Transfer or debit card is faster but pricier.

The most expensive way

Banks

A wire from your bank carries a $30 to $80 fee, plus another 1.5 to 3% inside the exchange rate that you won't see itemized anywhere.

On a CA$1,000 transfer, a bank like TD Bank delivers 577.05 CHF, against 587.63 CHF with Paysend.

We found TD Bank was the cheapest bank on 30 of the 30 days it appeared for this amount.

The wire can feel like the safer choice for a big amount, but bank deposit insurance and the safeguards used by money transfer companies are just as safe, just different protections.

For large transfers from Canada

Currency brokers

For property, tuition, moving from Canada, or an inheritance, a broker is the best and usually the cheapest option.

Brokers like Currencies Direct charge no fees but add 0.6% on CAD/CHF interbank rate.

The markup gets lower the more you send, with an account manager handling it end to end.

Our analysis shows Currencies Direct was the cheapest broker in 41% of all the transfers it quoted.

If you're sending large amounts, expect more questions about the transfers, so have statements and documents ready to avoid delays.

If you already have one

Challenger banks

Some neobanks in Canada include international transfers with no transfer fee as part of the account.

Koho sends your CA$1,000 for CA$24.06 in fees with 0.04% markup.

It's a good option for small occasional transfers, but I still suggest .

Our data shows Koho came out cheapest among challenger banks on 100% of days in the past month.

For businesses paying abroad

Global accounts

Global accounts handle the business side, paying suppliers, contractors and overseas invoices in CHF.

Companies like OFX, Airwallex, or WorldFirst are set up for the batch and recurring payments a personal app can't do.

For spending abroad and getting paid

Multi-currency accounts

If part of your life runs in CHF, be it spending it, saving it, or waiting for a better rate, a multi-currency account can hold it alongside your CAD.

Currencies Direct lets you hold CAD and CHF, and convert between them at low cost.

For example, converting $1,000 costs $0 in fees at 0.6% markup, which gets you 587.2 CHF.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

Ways to fund CAD and receive CHF in Switzerland

With Paysend, paying by debit card and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 587.63 CHF.

Our data shows that Paysend gets your recipient 10.58 CHF more than TD Bank, today's cheapest bank, on the same CA$1,000.

Deposit CAD using bank transfer, debit card, credit card, interac, bill payment, and cash deposit.

I suggest using Interac e-Transfer for simplicity

Follow the company's Interac instructions and check the business name before sending.

Do not send to an email address supplied outside the company's app or website.

The recipient can receive CHF through bank deposit and cash pickup.

For a bank deposit payout, you will need the recipient's bank details in Switzerland.

  1. 1
    debit card Bank deposit

    You pay CA$1,000.00

    fr.588

    Cheapest

  2. 2
    credit card Bank deposit

    You pay CA$1,000.00

    fr.588

    fr.0

  3. 3
    Bank transfer Bank deposit

    You pay CA$1,000.00

    fr.587

    -fr.0.43

  4. 4
    Interac Bank deposit

    You pay CA$1,000.00

    fr.583

    -fr.5

  5. 5
    Bill payment Bank deposit

    You pay CA$1,000.00

    fr.578

    -fr.10

Show moreShow less
  1. 6
    debit card Cash pickup

    You pay CA$1,005.99

    fr.577

    -fr.11

  2. 7
    credit card Cash pickup

    You pay CA$1,005.99

    fr.577

    -fr.11

  3. 8
    Cash deposit Cash pickup

    You pay CA$1,005.99

    fr.577

    -fr.11

Consider this when sending CAD to Switzerland

Interac can fund an international transfer, but it does not send money abroad by itself. You should also know what happens when a transfer reaches the FINTRAC reporting threshold.

Compare CAD/CHF transfer options

For a CA$1,000 transfer to Switzerland, these are the cheapest, fastest and easiest options available now.

Best way to send money to Switzerland

Paysend is the cheapest and easiest option, funded by debit card with bank deposit for the payout. Your recipient gets 587.63 CHF, which is 0.07% more than the next best option.

Fastest way to send money to Switzerland

Paysend is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 587.63 CHF in 6-12 hours.

Interac only works inside Canada

An Interac e-Transfer cannot go directly to a recipient in Switzerland.

When a transfer company accepts Interac, you send CAD to its Canadian account and the company handles the international side over its own network.

C$10,000 reporting threshold

There is no C$10,000 legal cap on electronic transfers from Canada.

A reporting entity must report an international electronic funds transfer of C$10,000 or more to FINTRAC, including linked transfers that meet the 24-hour rule.

The bank or transfer company makes that report, you do not file it yourself.

But you may be asked for proof of where the money came from.

Sending your own cash or making a genuine cash gift does not create a Canadian gift tax simply because the money goes abroad.

Tax can become relevant when you transfer an appreciated asset rather than cash, or when attribution rules apply.

CDIC protection

Money held with a payment company is not covered by CDIC in the same way as an eligible bank deposit.

Payment companies covered by the Retail Payment Activities Act must safeguard end-user funds, but the Bank of Canada does not resolve individual fee or payment disputes.

If you’re unsure about the company, you can check the company in the FINTRAC MSB Registry.

If you live in Quebec, also confirm that it is allowed to provide money services there.

How we analyse the market

Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.

That covers 12 FINTRAC-registered companies sending CAD to Switzerland, updated in real time during a live search, compared on rates, fees and how your recipient can collect.

In the past 30 days alone, we analyzed 240 comparisons across 8 amounts.

This page covers the cheapest and fastest options for CAD/CHF transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Each goes through our review. More on who we are, why you can trust us and getting started.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.