Uh, it's been around for years...

Personally I am still on currencyfair.com, you can't use transferwise to make payments (because you can't transfer a fixed amount in the TARGET currency) which sort of makes it useless for me (my rent is in euros).

I also use currencyfair.com and have to say i am more than satisfied in the savings and the fact that the banks do not arbitralily nick $22 off me for a pure electronic transaction.

I must be missing something. UBS charges 0.50CHF for a SEPA transfer to Euroland. Why bother to go looking for something cheaper? (The exchange rates seem OK.)

Alternatively, to pay my rent, I just transfer regularly from UBS to a CHF account of my French bank. Makes life even easier.

So I'm still looking for a reason to try alll these alternative currency exchange sites. Please enlighten me.

Naturally, that way you have to take whatever the UBS exchange rate is on the 28th of the month (or whatever date it is when you pay rent).

On currencyfair I can exchange a bunch of francs when the rate is more favorable and use part of it to pay rent whenever the month rolls over (afaik currencyfair can do this because they have a banking license, like paypal in luxemburg, which transferwise does not).

Have been using Transferwise to send CHF back to UK as GBP for last 3 months and am very happy with the cost and speed of the service

Hi!

I've been trying to send some CHF to the UK, but my ebank doesn't allow me to send it since I'm not including the receipients address...  But the bank details only mention name and IBAN any idea or suggestion?

Thanks!

Linda, in similar situations, I've looked up the recipient address on the Internet.

Or use the address of the destination bank. (As idebtified by the  BIC)

The address shouldn't benecessary, the BIC and the IBAN are enough to locate the destination account. (And in the future, they're going to remove the requirement for BIC.)

Hi tawb,

Thanks for your answer, you are right a detailed address is not necessary. I managed to overcome the requirement by just including the receipient name and by adding "Switzerland" as address  and it automatically recognized it. 

The 0.50 cents is indeed a very cheap amount, but probably the exchange rate yield in the bank's favor i.e. is not the market rate so there are hidden fees. 

Just like when you arrive in a new country and have to change currencies and you go to a exchange office where they say there are no fees...

My experience is the same as tawb's and the spread between buy and sell for Euros is quite narrow so there's no hidden cost there.

I think that these sites may be interesting  if you're dealing with currencies other than Euro, but for Euros SEPA transfers from a bank are cheap and efficient.