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Old 21.05.2011, 17:37
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Help to avoid currency conversion fees and ATM fees

Hello,

I'm an American working in Geneva for a few months, and I need some advice on how to cut down my bank's currency conversion fees and ATM fees. I use Chase in the States, and for ATM withdrawal they used to charge only 1% plus 3$ per transaction, which I was willing to pay. Now it is 3% plus 5$ per transaction. This is a bit exorbitant, IMO. (Especially with the exchange rate being so poor for us now.) Any advice?

Does Chase have a bank in Switzerland they are affiliated with so I can at least save the 5$?

I don't think I'm allowed to open a bank account in Switzerland, as I'm not a permanent resident. I'm staying near France, so perhaps I could open one there (I don't know if I can or not), but they would likely still charge a fee to get CHF. I've heard paypal can help, but the link below indicates the fee is 3.4%. Not much help.


https://www.paypal.com/ch/cgi-bin/we...y-fees-outside
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Old 21.05.2011, 17:50
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Re: Help to avoid currency conversion fees and ATM fees

If you're working then don't you have a residence permit? This is all you need to open an account. Actually, you just need the Meldebestätigung, which shows that you've applied for the permit.
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