Hi,

I am looking for better rates then what Banks offer. Credit Suisse seem to have at least 3% lower then the rate one sees in anywebsite.

Does anyone have a better alternative for Exchanging EUR into CHF then Banks?

Cheers,
T

http://www.currenciesdirect.com/

I use them all the time. Always good rates and service.

Thanks... Will check them out...

Anything one should be careful of when using such websites?

www.wechselstube.ch or .com. Search the forum, I explained before how they work, spread is very low and they are trustworthy (from my experience).

If you are exchanging a large amount, then you can negotiate with the Bank and get a better rate than published.

LOL That is news to me ! :-)

I heard people (prominents) negotiate their taxes in this country, but never thought it could apply to Banks.

This country keeps on surprising me

But thanks for the hint.

T

Actually all countries, you can negotiate the exchange rate, even for sums as low as the equivalent of USD100k. You just have to ask your relationship manager to speak with treasury and fix a value date.

hmmm... again news to me... you live and learn hein :-)

So, thanks for the hints!

I love negotiations... I certainly would try that with my Bank before using some of the X-change websites this Forum suggests.

Back to Exchange websites. I read some negative posts about them (long exchange time, different x-change rates as posted, etc..).
Any (positive) comments?

T

http://www.xe.com

Good service, good exchange rates, fast transfers.

(just my personal opinion, your experience and mileage may vary, objects in the rear view mirror are closer than they appear or may appear closer than they are)

as long as there are a sufficient number of zeroes in the amount, everything is negotiable. you can negotiate your taxes with the state, and you can certainly negotiate rates with banks.

and there's nothing Swiss about that. EVERY bank will negotiate.

Another alternative service is provided by www.oanda.com (look at their FX Global Transfer service here). Worked well for me so far, including for larger transfers (www.xe.com have a size limit for transfers, at least initially).