Hello,

I have some savings in Norway, and therefore in NOK. I just opened a new EUR account in here, which I'd like to see growing and thus move the NOK into EUR in my new account.

Problem is: the norwegian bank will not allow me to buy EUR when transferring to CH, only CHF.

The solution I am thinking about is: move the NOK into a EUR account I have in Italy and then transfer the EUR to my brand new swiss EUR account (I plan to close the Italian one anyway).

Is there something wrong/stupid/illegal in this process that I can't see?

Also, someone here mentioned www.xe.com for changing money. It seems good, and they do offer better rates than the banks, but I don't quite understand a detail. They state:

"Funds can be sent to us by Wire Transfer, EFT (Electronic Funds Transfer), or ACH (Electronic Check)."

Wire transfer incurr in a fee. But I have no clue what wire, EFT, or ACH are! I mean, whenever I transferred money using my online bank(s) I never had the possibility to choose one method rather than the others... I would not want to pay any fees, but how do I know that I am not using a wire transfer?

I hope you will forgive my total ignorance on these sort of things.

Thanks,
G