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Old 20.11.2014, 23:01
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Re: How to transfer money to USA for Free

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Thanks for the info on xe.com! Does anyone know offhand what the fees are for transfers from CH --> USA from big banks like UBS or Credit Suisse? Is it absurd to use these? Aren't they a bit safer?
It is not really the fee that is a problem (in my opinion) but the rate UBS and other banks propose. When you exchange CHF for uSD they will not propose you a market rate but a rate that includes their mark up. This where it hurts. But again, it really depends on the amount you need to transfer.
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Old 30.11.2014, 11:42
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Re: How to transfer money to USA for Free

If you want to transfer at (close to) mid-market rates, I cannot recommend http://www.transferwise.com enough -- with a large enough pool of people transferring money from different currencies, their system matches at the mid-market rate.
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Old 07.01.2015, 11:40
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Re: How to transfer money to USA for Free

I have two bank accounts in the US. both, unfortunately, only allow me to ACH funds only to another account in my own name. i.e. no third-party transfers.

Is that normal? Or am i stuck with the stupid banks??
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Old 07.01.2015, 12:02
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Re: How to transfer money to USA for Free

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I have two bank accounts in the US. both, unfortunately, only allow me to ACH funds only to another account in my own name. i.e. no third-party transfers.

Is that normal? Or am i stuck with the stupid banks??




That does not seem normal. I have two U.S. accounts and both accept wire transfers, although they charge $10-$15 each. I'd love to find a U.S. account that does not.


As far as exchanging money, www.currencyfair.com/ is a great service which I've been using. You can trade others open market or do an instant trade. They charge a flat $4 fee per transfer but appear to charge a lower conversion commission than https://transferwise.com, making them much considerably cheaper for larger amounts.


They have a "local" branch in Switzerland and the transfer times are super quick (1-2 day) to my U.S. bank.
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