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Old 09.03.2011, 02:30
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Bringing Money from US

Hello Everyone. I have a quick question about bringing money over when moving from the US. I will be needing to either transfer or bring over in cash about 15,000 CHF. If I bring it in cash, will I have a problem depositing it in my new Swiss account? What is the best way while avoiding ridiculous transfer fees or international withdrawal fees.
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Old 09.03.2011, 09:47
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Re: Bringing Money from US

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Hello Everyone. I have a quick question about bringing money over when moving from the US. I will be needing to either transfer or bring over in cash about 15,000 CHF. If I bring it in cash, will I have a problem depositing it in my new Swiss account? What is the best way while avoiding ridiculous transfer fees or international withdrawal fees.
In the US you can open a bank account with Charles Schwab bank and you would be able to withdraw from an ATM here, no ATM fees, and no foreign transaction fees.

See:
http://www.flyerguide.com/wiki/index...reign_Exchange

Also, not all banks have ridiculous wire transfer fees, so shop around,
and once you come here and setup a bank account, you should be able
to wire your our money to a bank here. Note, you can open up both USD,
and CHF accounts here.
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Old 09.03.2011, 12:50
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Re: Bringing Money from US

I do not think you are allowed to carry more than US$ 10'000 undeclared when leaving the US. You can check on this with US Customs. If you declare it, you might be spending some time explaining things to them so leave a couple of extra hours before the flight.

Plus the fact that carrying lots of cash is not always a good idea. Suggest you look at an option for transferring the cash.
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Old 09.03.2011, 13:24
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Re: Bringing Money from US

If you withraw it from your account and you keep the reciepet on you and when you enter Switzerland go through the red line and show them taht you have 5000 more then allowed on you explain why you have it and show the reciepet there is not problem doing so...
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Old 09.03.2011, 13:29
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Re: Bringing Money from US

I have been told that if you open a PayPal account, and a Swiss acount and register it with PayPal, you can easily transfer amounts, USA -> Paypal -> CH, it still takes 4 days though. As it is effectively an inter-bank transfer it is regarded as legitimate.
https://www.paypal.com/ch/cgi-bin/we...customer&nav=1

To cut down on criminal activities, the USA insists that all money transfers above US$ 10,000 are reported. The danger is that your cash might be confiscated by the Swiss until you can prove it is legitimate. I don't think a bank receipt on paper is good enough.

A long while ago a friend of mine had the million he was transfering from Moscow impounded. The Swiss kept it as they suspected he was a criminal, they kept it until he could convince the Swiss government that it was legitimate.

Last edited by Ittigen; 09.03.2011 at 13:51.
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Old 09.03.2011, 13:39
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Re: Bringing Money from US

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A long while ago a friend of mine had the million he was transfering from Moscow impounded. The Swiss kept it as they suspected he was a criminal, they kept it and he had to convince the Swiss government that it was legitimate.
I have a friend who wants to know if your friend is married.
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