I have his evening concluded my first transfer with Currencyfair. With Currencyfair you name your exchange rate. I was charged CHF 4.00 for the conversion fee.

I changed GBP 2000 into CHF 3115.60 including all charges, etc.

I don't expect to be charged when the money appears in my CH bank account.

That's an effective rate of 1.5578. At the same time, xe.com was showing the spot rate was 1.56718, and the rate they offered me (before wire transfer fees that amount to about CHF 20) was 1.5437.

Xe's lack of EFT outside of USA and Canada officially blows chunks.