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"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Ria Money Transfer has over 35 yeas of trusted experience. Send money online to over 190 countries, and to over 500,000 pickup locations."
Overall top choice: Wise
Of the 5 money transfer providers we tested and reviewed, Wise was a standout option for its combination of speed and cost.
Over the last six months, Wise appeared in 100% of searches for transfers between Switzerland and Somalia.
When sending money from Switzerland to Somalia, using Wise in a great option.
Compare for the best deal on your Switzerland to Somalia transfer
- Always compare rates
Don't spend more than you have to. Use our live comparison tool to compare rates on money transfers from Switzerland to Somalia.
- Choose a provider
Pick the provider that offers you the best value & service for your needs for CHF to SOS transfers.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be heading to Somalia.
Summary of recent searches
Get the most from sending money from Switzerland to Somalia
Comparing providers offering services between Switzerland and Somalia based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire CHF-SOS market and have compared 5 providers offering services between Switzerland and Somalia.
This ensures you will get the most comprehensive options for sending Swiss Franc to Somalia.
Whilst we rate Wise as the best overall for transfers between the two countries, comparing gives you the best idea for your specific Switzerland to Somalia transfer needs.
Cheapest way to transfer money to Somalia from Switzerland: Wise
Of the 5 providers compared, data shows that Wise is 9.6% cheaper than the second-best option.
The is cost is made up of an average CHF-SOS exchange rate that is -0.1% different to the mid-market rate and an average fee of 3.72* CHF.
If you want to secure the best rates on a CHF to Somalia transfer, Wise will result in the most Somali Shilling received.
*The most common fee applied to CHF-SOS by Wise, based on data from the past six months.
Fastest money transfers from Switzerland to Somalia: Ria Money Transfer.
Through our comparison, we found Ria Money Transfer to be the fastest option to transfer money from Switzerland to Somali Shilling in 66.7% of instances.
Over the last six months, sending money from Switzerland to Somalia through Ria Money Transfer have an average fee of 4 CHF.
Ria Money Transfer was one of 5 money transfer providers we compared for overall speed of sending money from Switzerland to Somalia. This speed test included depositing Swiss Francs to an account and the average timeframe for sending money to Somalia.
When fast transfers are a priority, Ria Money Transfer is our best choice for sending from Switzerland to Somalia.
Sending a large amount of money?
Of the 5 providers compared, Wise is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Wise may not always be the fastest or cheapest way to send money from Switzerland to Somalia, it's a great provider for things like buying or selling property.
Understanding the costs involved when moving money from Switzerland to Somalia
The total cost of money transfers to Somalia from Switzerland, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.
The Mid-Market and Exchange Rates: The current mid-market for CHF-SOS is 636.669 SOS per Swiss Franc.
Using a transfer company offering an exchange rate closer to this will result in being able to buy more Somali Shilling for your Swiss Francs.
On average for the last three months, the CHF-SOS mid-market rate has been 648.5057 SOS per Swiss Franc. This hit a high of 659.5416, and a low of 635.312.
From the 5 companies compared, Wise offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting CHF to SOS.
Fees: Some money transfers between Switzerland and Somalia will be subject to fees. Wise has had an average fee of 3.72 CHF per transfer over the last 6 months. Although, you should search for your send amount for actual fees as your scenario may be different.
Amount Received: Money transfer companies will show you the amount of Somali Shilling eventually received in Somalia.
This number should guide you, as a higher amount of money received in Somalia means a better overall cost of sending money from Switzerland.
Finding the best exchange rate between Swiss Franc and Somali Shilling
Getting a strong exchange rate between CHF and SOS is essential. The exchange rate you secure impacts how much SOS you get for your CHF.
It can pay to track rates, and keep on top of currency trends.
Over the past six months, the mid-market rate from CHF to SOS has averaged 648.5057.
In this period there was a high of 659.5416, and a low of 635.312.
Wise, which is our recommended service to send money online from Switzerland to Somalia offers an exchange rate with a mark up of -0.06% above the mid-market rate.
Want to secure the best CHF-Somali Shilling exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Switzerland to Somalia!
Payment methods for Switzerland to Somalia transfers
Bank transfers
Bank transfers are often the fastest option, and normally the cheapest, for sending money from Switzerland to Somalia.
By opting for a money transfer company such as Wise for transfers from Switzerland to Somalia, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Wise is the cheapest provider for bank transfers from the 5 we tested when sending CHF to Somalia.
With an average fee of CHF3.24 to send money from Switzerland to Somalia, Wise offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid card payments
Using a debit card, or prepaid option, for sending money from Switzerland to Somalia is easy with Wise.
Wise is a market leader in debit card payments for transfers from Switzerland to Somalia, this is among a total of 5 money transfer companies compared.
Credit card transfers
When it comes to sending money with a credit card from Switzerland to Somalia, Wise emerges as our top choice of the 5 companies offering this service.
Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Somalia and Switzerland.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Switzerland to Somalia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CHF to SOS.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
