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  #21  
Old 01.02.2015, 11:17
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Re: EUR Current Account

can't you withdraw the cash with the PF card? you can also withdraw larger amounts at a time and then use it up to avoid lots of small costs.
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  #22  
Old 01.02.2015, 12:58
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Re: EUR Current Account

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After travelling to a Post branch in Germany to verify my ID, DKB sent me a nice polite rejection letter - when I emailed to query it they responded saying they don't communicate in English. Quite ironic considering their email was in English
May I ask if you have an opinion on why they rejected you? I don't want to pry into your personal finances but do you think you may have fallen short in your credit rating? (No slight intended -- you can get a poor rating from having moved accommodation a few times or being a freelancer etc. Nothing to do with being in debt). Thanks.
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  #23  
Old 01.02.2015, 13:09
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Re: EUR Current Account

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May I ask if you have an opinion on why they rejected you? I don't want to pry into your personal finances but do you think you may have fallen short in your credit rating? (No slight intended -- you can get a poor rating from having moved accommodation a few times or being a freelancer etc. Nothing to do with being in debt). Thanks.
No idea. I have only been in the country 3 months so I can only guess it's because I have no credit history here at all. I'm not a freelancer and I don't have any debts anywhere. UBS gave me a free credit card straight away so I can't be that bad :-)

I did try to find out but I'm not able to write sufficiently well in German and they're not able to reply to me in English, so it's clearly not a match made in heaven. I will ask one of my German-speaking friends to help me call them.
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  #24  
Old 01.02.2015, 13:19
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Re: EUR Current Account

Thanks, sounds like they may prefer a longer residence record.

I sympathise re language, and after several years I still struggle with official letters without assistance.

But why not use Google Translate? It seems to work well. Write a brief message in English using simple, short sentences with a minimum of clauses and obscure words. Run it through GT and copy/paste the translation. Works for me!
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  #25  
Old 01.02.2015, 13:25
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Re: EUR Current Account

I heard that DKB communicates in German only, hence they want their customers to speak some level of German. They do a "German-proficiency-verification-call" by calling their customers before opening the account.

So this needn´t be credit rating related.

Quite a pain, I wonder how much business they burn by not providing service in English.
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  #26  
Old 01.02.2015, 13:44
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Re: EUR Current Account

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Quite a pain, I wonder how much business they burn by not providing service in English.
It probably would be way too expensive.

After all, this is a comparatively small German *regional* bank which happens to only do business online - and which has picked upon the need/desire of the (German) Swiss to have a free Euro account with free credit card.

When I was living in the UK, I did not wonder why on Earth Barclays did not offer their services in my native language. Why would they, should they?

On the other hand, dealing with them in German is a straight-forward pleasure.
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  #27  
Old 01.02.2015, 13:57
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Re: EUR Current Account

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Thank you Medea Fleecestealer. This is exactly what I am doing now, but it is not ideal for me because I need to make small transactions in Euros on a regular basis and I would like to avoid paying CHF 3.50 each time.
Hehe, spoken like a true Scot.
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  #28  
Old 02.02.2015, 14:07
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Re: EUR Current Account

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That's exactly what we do. I don't see the point in faffing around setting up special accounts etc to save (maybe?) a few CHFs per year in commission fees.
There must be some sort of fee involved in transferring CHF into the euro account in the first place surely?

If we were shopping or making euro payments on a weekly basis maybe it would be a different story.
Are you Belgian? Why not use recordbank.be? With currencyfair you can transfer at very good rates.

If you don´t travel a lot, I agree it´s not worth it. I am in the €urozone nearly every day, so for me it´s more than worth it to go through the hassle. ("Hassle" is, to set everything up - after that it´s not much work, except another yearly line in the Swiss tax declaration.)
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  #29  
Old 02.02.2015, 14:16
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Re: EUR Current Account

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Are you Belgian? Why not use recordbank.be? With currencyfair you can transfer at very good rates.

If you don´t travel a lot, I agree it´s not worth it. I am in the €urozone nearly every day, so for me it´s more than worth it to go through the hassle. ("Hassle" is, to set everything up - after that it´s not much work, except another yearly line in the Swiss tax declaration.)
I already have a euro account with ING Belgium so I don't really need another account. We use this account if we go on holiday to France for example ( and transfer CHF into it before we go) but for the odd shopping trip to France we don't bother unless there's money sitting in the Belgian current account.


As I said we don't often need euros so we just withdraw them from our Swiss account via the cash machine here before we go.
If we were doing weekly transactions it would be a different story.
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  #30  
Old 25.03.2015, 11:15
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Re: EUR Current Account

Found this thread through a search as I have the same problem. If anyone is just withdrawing Euros from their Swiss account at the ATM you're getting a terrible deal.

I find it amazing given how much the Swiss go shopping in the Eurozone that it's not possible to get from a Swiss bank a reasonably priced € current account and debit card. Postfinance are nearly there but don't give you a usable card.
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  #31  
Old 25.03.2015, 11:35
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Re: EUR Current Account

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Found this thread through a search as I have the same problem. If anyone is just withdrawing Euros from their Swiss account at the ATM you're getting a terrible deal.

I find it amazing given how much the Swiss go shopping in the Eurozone that it's not possible to get from a Swiss bank a reasonably priced € current account and debit card. Postfinance are nearly there but don't give you a usable card.
yes i have no solution so far. postfinance doesnt cover the purchasing abroad, its only for cash withdrawal, the german bank will only communicate in german which is fair enough but leaves me stuffed and the only french one I can find has some exhorbitant fees attached.

Astonishing its not just offered in Ch as you say.
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  #32  
Old 25.03.2015, 22:46
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Re: EUR Current Account

Being a true Scot I like a good deal even if it's only to save a few CHF

After inexplicably getting rejected for the DKB card I now use the PostFinance account to make euro cash withdrawals for free and I use a UK-based credit card (coincidentally the Post Office card - http://www.postoffice.co.uk/credit-card) to make purchases globally for no extra charge. The only additional fee here is the 0.5% transferwise/currencyfair commission when transferring CHF to GBP in order to pay off the credit card each month.
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  #33  
Old 26.03.2015, 00:43
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Re: EUR Current Account

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...After inexplicably getting rejected for the DKB card
Did you try any of >>these<<?
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  #34  
Old 26.03.2015, 07:50
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Re: EUR Current Account

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yes i have no solution so far. postfinance doesnt cover the purchasing abroad, its only for cash withdrawal

Astonishing its not just offered in Ch as you say.
You can have an addition EUR account with Postfinance and you get a EUR bank card, which could be used at ATMs with the PLUS system. Not actually used mine yet in an EU country but it's in my wallet if needed... or is that what you mean by only cash withdrawal?
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  #35  
Old 26.03.2015, 12:55
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Re: EUR Current Account

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You can have an addition EUR account with Postfinance and you get a EUR bank card, which could be used at ATMs with the PLUS system. Not actually used mine yet in an EU country but it's in my wallet if needed... or is that what you mean by only cash withdrawal?
That's what I'm reckoning on.

I have my finances with PostFinance - both my standard CHF current account and an EUR current account. I can deposit and withdraw EUR from my EUR account without fees, at face value, over the post counter or at Postomats. (Obviously if you withdraw in EUR from a CHF account, or vv., there will be currency spread / margin).

There is a CHF 5.- fee per month, but if you have more than one account with PostFinance, I believe it is only taken once for all accounts, not per account. As well, if you have more than CHF 7'500 in assets at PostFinance, the fee is waived. Happy to be corrected here.

I did see the PLUS symbol on the back of my EUR bank card but I have not tried it in other countries, even though it is possible to search for PLUS ATMs. I just withdrew the EUR I needed in CH first in cash then used it there. Obviously not the safest nor most practical method, but so there.

Larger purchases I tended to put on a credit card, but since I only have my Australian credit cards, it's a bit more painful that way (3% forex fees based on credit card company's rate, usually about 0.3 - 0.5% on the mid-market) only that I do get rewards points at the same time). I'm just about to receive a PostFinance credit card that I'll use instead; yes, they charge 0.9% fee for forex based on the UBS rate, but it's better than my current situation.
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  #36  
Old 26.03.2015, 14:02
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Re: EUR Current Account

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Did you try any of >>these<<?
Thanks ChrisNeedsToKnow but to be honest, no - I gave up after the DKB rejection.

I'm happy using the free UK credit card and paying the 0.5% it costs me to pay it off via transferwise or similar. If I was to open a free euro account with a French/Belgian/Austrian bank I'd still have to pay this transfer fee so as I understand it, it wouldn't actually benefit me at all by doing so?
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  #37  
Old 26.03.2015, 15:07
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Re: EUR Current Account

BKB (Baseler Kantonalbank) has a Euro banking account that is free if you pair it with a private (i.e. chequing without the cheques) account (which in my case due to my employer is also free). You cannot get a credit card with it, however, so it's cash only (although the private banking card can pull from the Euro account). The conditions on the account are not super awesome, but I think typical for CH:

http://www.bkb.ch/~/media/Files/Basl...itionen-en.pdf

They charge you 1 % on cash withdrawals or 3.50€ for the Maestro card. I have an account with Societe Generale as well which is 7,45€ per month so it might be cheaper to maintain that.
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