Bank Money Transfer from UK Accounts to Migros Bank
A cheaper way to send pounds to Swiss francs from the UK to a Migros Bank account in Switzerland, a currency broker saves you time and money on the transfer. Whether you’re in Switzerland, the UK, France, Spain, Italy, Germany or anywhere in Europe or the U.S and need to transfer funds to Switzerland, using a currency broker is the smart choice, opposed to using a regular high street bank.
About Migros Bank Switzerland
Migros Bank is one of the youngest banks in Switzerland but has more than 800,000 Swiss customers and is the country’s sixth largest financial services provider. The bank is part of the Swiss Migros retailing group, the biggest retail chain and one of the largest companies in Switzerland.
Migros Bank GBP and CHF Exchange Rates
|Bank Name | FX Broker Comparison||FX Rate||GBP to CHF||FREE QUOTE|
|Migros Bank||*5.0%||Fr. 1.203 info||Enquire|
|TorFX||*0.7%||Fr. 1.258 info||Enquire|
UK pound sterling (GBP) to Swiss francs (CHF) currency rates are updated daily at 09:00 GMT.
*Note: A lower FX Rate will give a better exchange rate when transferring money to/from Swiss francs. The recommended foreign exchange companies listed on our website can save you money and time with your international currency transfer requirements.
GBP, CHF & Euro Money Transfer to/from Migros Bank Switzerland
Making a transfer to or from Swiss francs using a bank service could potentially lose you thousands of pounds due to the poor FX margin rate offered. Private currency brokers offer a much more competitive rate of exchange. Example: Currency broker TorFX are one of the UK’s leading and largest foreign currency exchange specialists assisting private individuals and businesses with their foreign currency transfers to and from most countries worldwide.
UK bank to Migros Bank account v Currency Brokers
1: Bank money transfer information: General Guidelines – High street banks also charge a commission fee when sending money abroad into another currency – Private brokers offer commission free currency transfers typically over a value of £5000 or Fr. 6330.606 Swiss francs. Bank transfer commission fees range from £15 to £30 depending on the bank.
2: Unless you pay a premium, high street banks will take from 3 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction between 1 to 3 days.
Sending Money Abroad with Migros Bank
To transfer funds abroad from your Migros Bank account, you have to give the beneficiary’s IBAN and BIC to the bank. International transfer requests may be submitted as long as you have signed a request at your local Migros Bank branch.