Credit Suisse Review

Credit Suisse Review Summary

Credit Suisse review
Credit Suisse Features

Credit Suisse Year Established

1856

Credit Suisse International Clients

Credit Suisse accepts international clients.

Credit Suisse Age requirement

18 years

Credit Suisse Currencies Offered

1 online

Credit Suisse Minimum Transfer

none

Credit Suisse Transfer Fees

none

Credit Suisse Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

Credit Suisse Employees

47860

Credit Suisse Turnover

22400000 CHF

Credit Suisse Regulation

Financial Conduct Authority (FCA)

Credit Suisse Fees

Credit Suisse transfer fees are none.

Fees with Credit Suisse may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by Credit Suisse, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

Credit Suisse Client Rating

Credit Suisse has a rating of 3.

Number of Credit Suisse customers

1000000

Credit Suisse Website

https://moneyaccounts.com/vs/torfx-vs-rabobank/

Credit Suisse Supported Languages

Month Savings
January $100
February $80

Credit Suisse Review

Credit Suisse review
Pros and Cons of Transferring Money with Credit Suisse

Most of the time money transfers with Credit Suisse will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with Credit Suisse money prior to submitting an application to Credit Suisse.

Can you easily afford the Credit Suisse fees, are the exchange rate costs reasonable with Credit Suisse?

Credit Suisse review
Credit Suisse Advantages

  • Credit Suisse has been in business over 4 years
  • Credit Suisse is availble in many international countries.
  • Credit Suisse offers phone support.
  • Credit Suisse offers email support.
  • Credit Suisse offers an Apple iOS mobile application.
  • Credit Suisse offers an Android Google Play Store mobile app.

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Credit Suisse Disadvantages

  • Credit Suisse does not offer PayPal as a payment method
  • Credit Suisse does not offer Neteller as a payment method
  • Credit Suisse does not offer Skrill as a payment method
  • Credit Suisse does not offer a wide range of money transfer currency options.
  • Credit Suisse does not offer a mobile wallet.
  • Credit Suisse does not offer Home delivery for money transfers.
  • Credit Suisse does not offer Cash pickups for money transfers.
  • Credit Suisse does not offer Money orders.
  • Credit Suisse does not offer Livechat support.

What Is Credit Suisse?

Credit Suisse is a financial service company, that offers its clients money transfer services.

Credit Suisse was founded in 1856 by Dr. Daniel Siepmann and has offices in Zurich (CH).

Credit Suisse provides money transfer services to its 1000000 customers who are from all over the world including Switzerland, EU/EEA.

The Zurich (CH) Credit Suisse business was founded in 1856 to deliver money orders locally and internationally.

Do Credit Suisse Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is Credit Suisse Trusted And Established?

Credit Suisse is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

Credit Suisse was established in 1856 in Zurich (CH), and has been in operation for around 168 years Credit Suisse have a head office in Zurich (CH).

Credit Suisse review
How much does it cost to send a Credit Suisse Transfer?

Credit Suisse money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. Credit Suisse only charges none, when compared to other money transfer service providers.

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How much can I send with Credit Suisse?

The maximum transfer amount with Credit Suisse is up to none (or its currency equivalent) online.

While Credit Suisse charges a small percent of transfer fees, the brand offers reasonable exchange rates.

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Credit Suisse Money Transfer Terms and Conditions

When transferring money with Credit Suisse, it is crucial to keep tabs on the following:

  1. Credit Suisse Speediness. Often the need to money transfer may be urgent and time critical.
  2. Credit Suisse Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. Credit Suisse Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. Credit Suisse Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. Credit Suisse Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. Credit Suisse customer service should respond to your queries quickly and work with you to resolve any issues that you have.

Credit Suisse review
How Credit Suisse Compares To Other Money Transfer Companies

NameCredit SuisseXE Money TransferWise Multi-Currency Account
Usedby100000028000000011000000
Transfer Timeup to 5 business days1-4 business days1-2 business days
Min TransfernoneUS$1.001 USD
Max TransfernoneUS$500,000.00 (or equivalent)1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Payment MethodseBill, QR-bill, standing orders, payment orders, online & mobile banking, direct debit, multi-payment orders, bank transfer, debit card, credit cardBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

Credit Suisse review
Credit Suisse Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through Credit Suisse or imposed by Credit Suisse. Your Credit Suisse money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your Credit Suisse account.

Credit Suisse review
Credit Suisse Fees & Exchange Rates

Several money transfer platforms like Credit Suisse charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case Credit Suisse may charge for a currency exchange.

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Credit Suisse Transfer Fees

A transfer fee is the sum of money that a money transfer operator like Credit Suisse charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

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Credit Suisse Exchange Rate Margins

Exchange rate margins are how Credit Suisse, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like Credit Suisse quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with Credit Suisse to see what their exchange rate margin is.

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Credit Suisse Methods to Transfer Funds

A Credit Suisse fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

Credit Suisse enables users to transfer money using bank transfer, via none.

Credit Suisse review
Credit Suisse Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

Credit Suisse offers every available world currency to its customers. We list the major Credit Suisse supported currencies below.

Credit Suisse Money Transfer Currencies
NameCurrencies
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD

Credit Suisse review
Credit Suisse Transfer Options

Credit Suisse offers the following transfer options:

Credit Suisse Money Transfer Options Compared
NameTransfer Options
IBAN, QR-bill, Oragne payment slip, Red payment slip, Bank deposit, debit card, credit card
Bank deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up (Philippines)
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with Credit Suisse. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

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Who Credit Suisse Services Are Available To

Credit Suisse offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

Credit Suisse Country Restrictions

Credit Suisse does not operate in the following countries :

  • Afghanistan
  • Aland Islands
  • American Samoa
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Barbados
  • Belize
  • Benin
  • Bhutan
  • Bonaire (including Sint Eustatius and Saba)
  • Bouvet Island
  • British Indian Ocean Territory
  • Burkina Faso
  • Burundi
  • Cape Verde
  • Central African Republic
  • Chad
  • Cocos (Keeling) Islands
  • Comoros
  • Congo
  • Democratic Republic of
  • Congo
  • Republic of
  • Cook Islands
  • Crimea
  • Cuba
  • Curacao
  • Djibouti
  • Equatorial Guinea
  • Eritrea
  • Faroe Islands
  • Fiji
  • French Guyana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and Mcdonald Islands
  • Holy See (Vatican City State)
  • Iran
  • Iraq
  • Ivory Coast (Cote d'Ivoire)
  • Japan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Lebanon
  • Liberia
  • Libya
  • Macao
  • Mali
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mayotte
  • Micronesia
  • Federated States of
  • Montserrat
  • Myanmar
  • Namibia
  • Nauru
  • New Caledonia
  • Niger
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Palau
  • Palestinian Territory
  • Papua New Guinea
  • Reunion
  • Pitcairn
  • Rwanda
  • Saint Barthelemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Sao Tome e Principe
  • Seychelles
  • Sierra Leone
  • Sint Maarten
  • Solomon Islands
  • Somalia
  • South Georgia and the South Sandwich Islands
  • Sudan (North and South)
  • Suriname
  • Svalbard and Jan Mayen
  • Syria
  • Tajikistan
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Vanuatu
  • Venezuela
  • Wallis and Futuna
  • Western Sahara
  • Western Samoa
  • Yemen
  • Zimbabwe
  • Crimea
  • Cuba
  • Iran
  • Libya
  • North Korea
  • South Sudan
  • Sudan
  • Syria

Certain countries are restricted because Credit Suisse is not allowed to legally operate in those regions or it is not economically viable for Credit Suisse to provide money services in these regions.

Credit Suisse review
Credit Suisse International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your Credit Suisse money transfer is quick and simple with the modern Credit Suisse online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the Credit Suisse website.

The Credit Suisse website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

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Credit Suisse Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. Credit Suisse has a minimum transfer amount of none.

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Credit Suisse Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, Credit Suisse does not have a maximum transfer limit when the user is paying through phone. There is however, a none limit per transaction for online transfers.

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Credit Suisse Money Transfer Fees and Charges

These are the fees charged by Credit Suisse and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

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How Long Does It Take to Get a Credit Suisse Money Transfer

Credit Suisse money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like Credit Suisse, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from Credit Suisse.

Credit Suisse review
Credit Suisse PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. Credit Suisse is not a publically listed company. Credit Suisse is a privately owned company.

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Credit Suisse Money Orders

The charges for issuing money orders with Credit Suisse are none.

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Credit Suisse Mobile Top Up

Credit Suisse offers mobile top ups.Credit Suisse mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

Credit Suisse COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with Credit Suisse directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are Credit Suisse Money Transfers Best For

There may be many reasons you are looking to action a money transfer with Credit Suisse. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

Credit Suisse money transfers are best for people looking for looking for a reliable fast money transfer service.

Credit Suisse Guide for Fast Money Transfer Approval

For Credit Suisse to be able to process your money transfer application as quickly as possible make sure you have everything Credit Suisse need. If you and Credit Suisse need to go back and forth it may delay the Credit Suisse application process. Make sure every piece of information you give Credit Suisse is accurate.

Please note that you must have at least a minimum of one active bank account for Credit Suisse to process your money transfer.

Credit Suisse Application Time

Application time refers to the amount of time you have to wait for your Credit Suisse registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the Credit Suisse system.

Credit Suisse Approval Time

It is the time it takes for Credit Suisse money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

Credit Suisse Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your Credit Suisse money transfer has been approved the money should be in your account within four working days.

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Things to Check Before a Credit Suisse Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering Credit Suisse money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

Credit Suisse review
Credit Suisse Customer Support

Credit Suisse support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. Credit Suisse customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a Credit Suisse money transfer you will want to speak to a Credit Suisse representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

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Does Credit Suisse Offer Live Chat?

Customers can reach out to Credit Suisse through live chat to resolve Credit Suisse money transfer account issues or difficulties with their Credit Suisse account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

Credit Suisse review
How does Credit Suisse Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like Credit Suisse you will want to know how Credit Suisse compares with other leading online money transfer companies. See how Credit Suisse compares below.

  1. Visit Credit Suisse alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit Credit Suisse alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  3. Visit Credit Suisse alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  4. Visit Credit Suisse alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  5. Visit Credit Suisse alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit Credit Suisse alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  7. Visit Credit Suisse alternative InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  8. Visit Credit Suisse alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  9. Visit Credit Suisse alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  10. Visit Credit Suisse alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  11. Visit Credit Suisse alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

Credit Suisse review
Credit Suisse Website and Mobile Apps

Credit Suisse has a website available online but it may be useful to manage your Credit Suisse account from your mobile device like your tablet or phone.

Credit Suisse offers an Android mobile application on the Google Play store.

Credit Suisse offers an Apple IOS mobile application for iPhones and iPads allowing Credit Suisse to users to check their Credit Suisse accounts on their iOS mobile devices.

Credit Suisse review
Credit Suisse Deposit and withdrawal Methods

Credit Suisse offers the following Money Transfer payment methods: eBill, QR-bill, standing orders, payment orders, online & mobile banking, direct debit, multi-payment orders, bank transfer, debit card, credit card. All of significant bank systems are all acknowledged with Credit Suisse.

Credit Suisse offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that Credit Suisse may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from Credit Suisse.

Credit Suisse review
Is My Money Safe With Credit Suisse?

Credit Suisse is a reliable, secure, and trusted option for sending money overseas. Credit Suisse are registered and regulated with the Financial Conduct Authority (FCA).These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by Credit Suisse customers.

Credit Suisse review
Credit Suisse Financial Regulation and Safety of Credit Suisse Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like Credit Suisse that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that Credit Suisse is fully licenced as a money transfer company.

Credit Suisse review
Credit Suisse Payment Services Regulations and Credit Suisse

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check Credit Suisse is financially regulated. Credit Suisse is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that Credit Suisse Possess a responsibility of care to their clients.

Is Credit Suisse Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like Credit Suisse are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on Credit Suisse and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

Credit Suisse Segregation of Client Funds

Credit Suisse as part of their regulation are required to segregate client funds from Credit Suisse company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

Credit Suisse regulatory requirements mean that Credit Suisse Money Transfer funds and your funds should be totally separate. Credit Suisse cannot use any money that is still legally yours to conduct Credit Suisse daily business like paying Credit Suisse suppliers and costs. Your funds should be kept by Credit Suisse in a segregated bank account.

Credit Suisse Regulation Checklist

  • Check whether Credit Suisse has authorisation to offer consumer credit
  • Check the type of activities that Credit Suisse are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of Credit Suisse list on their website and the regulator match.

Credit Suisse Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

Credit Suisse goes to great lengths to protect your Credit Suisse account from fraudulent use. We explain some of Credit Suisse anti-fraud features below:

  1. Credit Suisse has SSL encryption that protects the customer's private information.
  2. Credit Suisse has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The Credit Suisse platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their Credit Suisse account, as you are instantly aware of every Credit Suisse transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with Credit Suisse, the Credit Suisse accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and Credit Suisse delivery instructions.

Credit Suisse Monitors Your Account for Suspicious Transactions

Credit Suisse has systems and controls in place to detect fraudulent activity and protect Credit Suisse client accounts from misuse. If Credit Suisse detect a questionable transaction on your Credit Suisse account, Credit Suisse will contact you to verify the transactions legitimacy to ensure your Credit Suisse funds are safe.

How Does Credit Suisse Make Money?

Credit Suisse and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. Credit Suisse also earn money via foreign exchange rates.

Money transfer companies like Credit Suisse and banks need to survive, so they make money on interest from accounts and money transfers.

Credit Suisse Frequently Asked Questions

We list some of the most frequently asked Credit Suisse questions below.

Is there a limit to how much I can transfer with Credit Suisse?

You can transfer up to none at a time.

When will I receive my Credit Suisse transfer?

It normally takes 3-5 business days.

Is it possible to cancel my Credit Suisse transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number 41 848 880 840.

How old do you have to be to sign up to a Credit Suisse account

To signup to a Credit Suisse account you will need to be at least 18 years old.

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Is Credit Suisse a Scam?

Credit Suisse have been in operation since 1856 and have over 1000000 customers and 47860 employees. Credit Suisse is not a scam.

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Sending money online with Credit Suisse

Sending money with Credit Suisse is a single process once you have registered and verified your Credit Suisse account and payment methods.

  1. Go to the Credit Suisse website
  2. If you have a Credit Suisse account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell Credit Suisse how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the Credit Suisse exchange rate and any fees.
  7. Pay for your Credit Suisse transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

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How do I receive money from a Credit Suisse money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your Credit Suisse account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive Credit Suisse money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. Credit Suisse allows for a deposit directly into your bank, credit union or other financial account.

Credit Suisse Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. Credit Suisse allows you to pick up money in person at a Credit Suisse agent location.

Credit Suisse Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

Credit Suisse Does not support mobile wallets.

Credit Suisse Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. Credit Suisse do not offer home delivery money transfers.

When was Credit Suisse founded?

Credit Suisse was founded in 1856.

Is Credit Suisse Any Good?

Credit Suisse have a rating of 3 and are financially regulated, Credit Suisse can be considered a good money transfer company.

Is it easy to close my Credit Suisse account?

Its is easy to close you Credit Suisse account. You will have to make sure any outstanding payments and fees due to Credit Suisse are paid in full Before Credit Suisse will fully close your account. Make sure when closing your account Credit Suisse send you an official confirmation that your account is closed and no more monies are due to Credit Suisse.

Does it take long to setup a Credit Suisse account?

No, setting up a Credit Suisse account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your Credit Suisse account in 1-3 days.

Where are Credit Suisse based?

Credit Suisse are based in Zurich (CH)

Countries where Credit Suisse is legal?

Credit Suisse is legally allowed to operate in over 53 countries.

How do I track a Credit Suisse Money Transfer

You can track a Credit Suisse money order by calling Credit Suisse or by tracking the order online. Call Credit Suisse number on 41 848 880 840. The Credit Suisse automated phone system will take a few details and give you a status update. You can go online to the Credit Suisse website and check the status of a money transfer at any time.

If you have a Credit Suisse online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the Credit Suisse transaction, use the Credit Suisse payment reference number on the Credit Suisse website to check the status of the transfer.

Can I cancel my Credit Suisse transfer?

The way that you cancel a Credit Suisse transfer depends on how you created and sent the Credit Suisse money transfer originally.

You may need to contact Credit Suisse by phone on 41 848 880 840, through their website at www.credit-suisse.com/ch/en/unternehmen/unternehmen-unternehmer/faq-fuer-firmenkunden/zahlungen.html or via email [email protected]. Requests are typically processed within 30 days, and you may be charged a cancellation fee by Credit Suisse.

If you made the Credit Suisse transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a Credit Suisse account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a Credit Suisse transfer on their website.