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| Yes, the difference is you get 1.13 rather than 1.15. You know exactly what you are getting because it is printed on your screen (you have that rate for 1 min then you have to refresh). You have to pay a transaction fee which is about 20 euro (small compared to the ~2% your bank will take, assuming you are transferring a large amount of money) | |
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Sounds good. So a real world scenario - I have XXX CHF wanting to change to EUR. I create an account, which takes couple of days as mentioned. Do I need to pay something just for signup?
After all setup, I transfer money from PostFinance to oanda. How? Is it foreign transfer without fees or some other way? So I will have the same amount of XXX CHF at oanda account? And when time come and I do the transfer, they will charge 20 EUR + small fee (something like 0.02-0.1%, at least that's how I understood it on their site). so XXX substracted of these fees arrives to EUR account, right?
Please correct me if I misunderstood something.