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| I've submitted yesterday a SEPA bank transfer directly in EURO from my UBS private account.
The amount was 1000 euro. With SEPA you don't pay anything (well, UBS decides to charge 0.30CHF even if it doesn't cost anything to them - but it's ok anyway).
Today I check and I find that they have charged the sum of 1'485.49 CHF which is 22 CHF higher than the expected 1462 CHF.
I've checked both xe.com and Yahoo finance and they both report that the exchange rate should have been of 1.463. The transfer date is today 03/03/10 so the rate applied is just either higher or wrong. | |
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Every bank has its own exchange rates, they normally change several times during the day.
With UBS I recommend checking the rates here:
http://www.ubs.com/1/e/index/bcqv/calculator.html
This source is more comprehensive, login to e-banking required:
https://wb3.ubs.com/caches/fin/sec/g...%26node%3D6007
A SEPA order has to be placed a day in advance, so in practice you cannot predict what the exchange rate will be. The e-banking system of UBS does however display the rate that applies at the moment you enter the payment.
I use SEPA orders from UBS quite reqularly, it is a good deal for CHF 0.30. Do not expect the bank to do it for free.