Sending money from Switzerland to Germany

CHF to EUR Currency Transfers

Germany introduced the EUR as the country’s official legal tender in 2002, after a transitional period which saw the phasing out of the previous currency, the German Deutschemark. That same year, The Federal Financial Supervisory Authority (BaFin) was introduced as the new financial regulator of Germany. BaFin is an independent authority that is responsible for monitoring and assessing the compliance performance of Germany’s banks and financial institutions, insurance companies, stock exchanges and other financial services including money transfer operators. 

According to the European Commission, Germany recorded a drop in GDP (-4.9%) in 2020, due to the relationship between net migration, remittances and the impact of COVID-19. However, forecasts suggest the German economy is expected to increase by 3.5% year-on-year from 2021.

Sending international remittances from Switzerland to Germany can be quick and easy with help from leading money transfer providers like XE. When transferring money online from Switzerland  to Germany, money transfer services will be able to beat the banks when it comes to competitive exchange rates, low transaction fees and any complications related to global transactions.

Choosing the best service provider

When considering how to send money Germany from Switzerland there are some key aspects of the transfer to consider. 

The fastest provider is XE, transfers from this provider normally take [SPEED]. The cheapest provider we found is TorFx at 0.9% Above Mid-Market Rate.

If you’re looking for the best combination of price, speed, and reliability we recommend using XE when transferring CHF to EUR.

This means that by using XE for online money transfers to Germany from Switzerland, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.

Alternatively, if you are unable to access XE for any reason, our comparison engine has found TorFx and Wise also to be very good options when sending CHF – EUR.

The cheapest way to send money from Switzerland to Germany

In order to avoid high fees, you should consider the cheapest way to send from Switzerland to Germany.  

TorFx has been determined by our comparison engine to be currently offering you the cheapest rates possible.

Get the Best Rate and Sign Up for Rate Alerts Switzerland to Germany

The fastest way to send money from Switzerland to Germany

When sending money from Switzerland to Germany, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, XE is the fastest way to send CHF – EUR.

What payment methods are available when sending money from Switzerland to Germany?

Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.

Sending money to Germany from Switzerland using credit card

To avoid high fees you can opt to use an online money transfer provider such as Wise to pay for your transfer to Germany.

Sending money to Germany from Switzerland using a debit card

With XE you can send money online to Germany using your debit card. But before making a payment, make sure you understand all the processing fees in place. 

Using a wire transfer to send money from Switzerland to Germany

Bank and wire transfers are the most common ways of sending money Germany as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use XE to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.

If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in Germany. If you’re unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Germany.

When sending money to Germany from Switzerland using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.

On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as XE, TorFx and Wise.

Considerations for a CHF – EUR Currency Transfer

Before sending money to Germany from Switzerland, you should consider the following:

1. The amount you want to transfer: It is likely that the more money you send to Germany the more value you will get and more EUR the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
2. The CHF – EUR exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 1.051119 and the lowest exchange rate margin is currently offered by XE at 0.9% above the mid market rate.
3. Hidden fees & charges: Before sending money to Germany, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers XE, TorFx and Wise will give insight here.

How to send money from Switzerland to Germany at the best rate?

This one’s easy. Simply use our comparison table above to find the best provider to send CHF to EUR. After that it’s just a process of making your transfer via the following steps:

1. Click “Visit Site” inside our comparison table
2. Register for an account if required
3. Input how much you are willing to send
4. Fund your transfer
5. Receive & save an email confirming your transfer

How to receive transfers from CHF to EUR in Germany?

Your recipient has a few methods available to receive your money in Germany. These will vary between providers, but it is possible to find services that will:

• Deposit EUR directly into a bank account
• Enable the recipient to pick up cash a specific locations across Germany
• Deliver money directly to their door
• Send EUR to your recipient’s mobile wallet

If your recipient is going to collect or have the money delivered to them in Germany, then they will usually need the following:

• A government issued I.D document such as a passport or German Identity Card (Personalausweis)
• The money transfer reference number
• Senders details and the amount of money sent

How much money can be transferred from Switzerland to Germany?

The amount of EUR you can receive from Switzerland will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers. 

You should also check if there are any government regulations pertaining to the amount of EUR that can be received in Germany or sent from Switzerland before making your transfer.