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Old 10.11.2010, 15:35
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The_Love_Doctor The_Love_Doctor is offline
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Re: What is the cheapest way to transfer money from UK to Swiss bank account?

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I work in a Bank in Switzerland
Which bank?

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I advise you to open a GBP account here in Switzerland, and then transfering the monney from the GBP account to a CHF account.
This is not necessarily a good idea, anyone thinking of this needs to consider the monthly fee for having a GBP account which is normally non interest paying.

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By doing this way, you'll avoid the automatic change if it's directly sent to a CHF account.
True however if you do transfer from the GBP account to the CHF account held at a swiss bank, the bank will give you the best they can do at the time, which they normally charge around 2% spread for!

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With E-banking acces you'll have no fees normaly to transfer monney from an account to another one as long as it's in the same bank.
Yes there are no fees for the transfer per se but it's all made up for through the spread!!!
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