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Old 12.10.2011, 23:40
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Withdrawarling money from the atm, avoid bad exchange rates

Careful who you use to pick-up money with a Foreign ATM card!!!!

Today I noticed something interesting - lately I have been checking exchange rates on a regular basis, sending money between USA, Germany, and picking up cash in Switzerland.

UBS, terrible exchange rate!! taking .04 on the exchange rate from the ATM.

so taking 1000 francs, i lose 40 francs, rather than going to PostFinanz.

PostFinanz, right on target with the daily exchange. So moral, Use PostFinanz.

Anybody know any other banks that use the exact change rate (even though there is PostFinanz everywhere)...?
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Old 12.10.2011, 23:41
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Re: Withdrawarling money from the atm, avoid bad exchange rates

Welcome to the forum.
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Old 13.10.2011, 00:37
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Re: Withdrawarling money from the atm, avoid bad exchange rates

habib bank is the best for INR-CHF exchange rates...u can check for others...
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Old 13.10.2011, 00:44
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Re: Withdrawarling money from the atm, avoid bad exchange rates

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Careful who you use to pick-up money with a Foreign ATM card!!!!

Today I noticed something interesting - lately I have been checking exchange rates on a regular basis, sending money between USA, Germany, and picking up cash in Switzerland.

UBS, terrible exchange rate!! taking .04 on the exchange rate from the ATM.

so taking 1000 francs, i lose 40 francs, rather than going to PostFinanz.

PostFinanz, right on target with the daily exchange. So moral, Use PostFinanz.

Anybody know any other banks that use the exact change rate (even though there is PostFinanz everywhere)...?
I always think Post Finance rate is rather poor for cash or online transactions, the spread is huge, the 'mugs' rate! They don't update there rate very often as anybody who wanted euros on the morning the ECB devalued the CHF will know about
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Old 13.10.2011, 00:48
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Re: Withdrawarling money from the atm, avoid bad exchange rates

I agree, rates are just terrible. There is a bunch of info on the forum on this. If you can't find it (search is notoriously bad) search from Google using englishforum in your terms

The conclusion many have reached is that if you have a EUR account which doesn't need to be in CH and you change a couple of grand a time its best to use a broker. I use Ozforex as I had them checked out but there are loads out there
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