No matter whether they are one-off, occasional or regular payments, there are many reasons why we might need to transfer money to a foreign account for our families. We’ll show you four examples and the most convenient ways to transfer money around the world.
For your loved ones: it’s easy to send money around the world
Miroslava, Pietro, David and Melina all have one thing in common: they’d all like to transfer money to their families abroad. And it’s very easy.
Miroslava supports her grandmother in Serbia
25-year-old Miroslava has lived with her parents in Switzerland since she was four years old. But every year, she spends the summer and Christmas holidays in her parents’ home country of Serbia. When she is there, she always visits her grandmother, who lives on a small farm. Miroslava also supports her grandmother financially. Whenever she has money remaining from her salary, she transfers CHF 50 to her Baka’s account.
Pietro has to pay bills from workmen in southern Italy
55-year-old Pietro and his wife Monika are renovating – not their apartment in Switzerland, but their grandparents’ cottage in southern Italy that they inherited three years ago. They’d like to use it as a holiday home for the whole family. However, first they have to repair the leaks in the roof and refurbish the sanitary installations. A few months ago, they hired two local workmen. The roof is now finished and the roofer’s invoice arrived a few days ago.
David and Ruth send Anna on her dream journey
23-year-old Anna had never imagined that living and studying abroad would be so expensive. Money is running out even before her exchange semester in Sydney is over. And Anna also wants to go travelling for three weeks while she is still in Australia. When she explains her situation to her parents David and Ruth, they transfer a generous sum to Anna’s account. Children are only young once.
Melina is paying for additional services in her father’s nursing home in Argentina
44-year-old Argentinian Melina emigrated to Switzerland 20 years ago and started a family here. Her father now lives in a nursing home and is cared for by Melina’s sisters. To make her father’s life better from afar, she has provided him with his own single room and pays for the additional costs. She transfers the amount directly to the nursing home every month.
How does the money get abroad?
With the new payment screen in e-finance, PostFinance’s e-banking, you can make your foreign payments easily by entering the amount, currency and recipient under “Enter payment”. This can be done for any account around the world, even if there is no IBAN.
Giro international is even free of charge for IBAN payments in euros in the eurozone, thanks to SEPA (Single Euro Payments Area).
Useful to know
E-finance automatically defines whether a SEPA payment is possible or not based on the information you enter.