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Old 10.11.2010, 16:25
Jester56 Jester56 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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Which bank?



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.



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!



Yes there are no fees for the transfer per se but it's all made up for through the spread!!!
Raiffeisen but I'm going to change.

Of course there will be a spread when you change the monney, the bank live from that. You won't avoid that.

About the fees for a GBP account, they are not more expensive than a CHF account, and you're right ther is no interest BUT the target is to change your GBP when you need it at a rate that you'll know.

I gave this sollution for amount up than 2000 GBP I would say that every little transaction beyond 2000 GBP it won't be efficient

That's the best sollution I found and I process like that for me with
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