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Old 01.01.2020, 22:16
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EUR transfer to Revolut from Postfinance

Hello,

I currently have a euro account at Postfinance from which I would like to convert money into francs.

To do this, I thought to transfer the desired amount via SEPA to my Revolut's EUR account first. Then convert it back into CHF in the App. And then transfer the amount back into my in Postfinance's CHF account locally via IBAN.

Is this currently possible? Would I incur in any fees for SEPA and/or IBAN transfers?

Thanks in advance.
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Old 02.01.2020, 18:15
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Re: EUR transfer to Revolut from Postfinance

Yes, there would be fees to be paid. Probably quicker and cheaper just to transfer from the EUR account to the Swiss one.
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Old 02.01.2020, 18:25
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Re: EUR transfer to Revolut from Postfinance

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Yes, there would be fees to be paid. Probably quicker and cheaper just to transfer from the EUR account to the Swiss one.
Postfinance exchange rate is terrible so I doubt that would be cheaper.
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Old 09.01.2020, 23:15
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Re: EUR transfer to Revolut from Postfinance

In case anyone wonders I made a test with 200 euros and was able to do everything, the SEPA payment in euro, to exchange the money to CHF, and at the end the IBAN payment in CHF. All without any fees.
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Old 10.01.2020, 07:10
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Re: EUR transfer to Revolut from Postfinance

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In case anyone wonders I made a test with 200 euros and was able to do everything, the SEPA payment in euro, to exchange the money to CHF, and at the end the IBAN payment in CHF. All without any fees.
What was the spread they took for the conversion?
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Old 10.01.2020, 08:54
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Re: EUR transfer to Revolut from Postfinance

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What was the spread they took for the conversion?
Revolut is very close to the mid-market rate.

Mid-Market Rates: 2020-01-09 at 17:00 UTC xe.com
Revolut Rates: 2020-01-10 at 06:64 UTC revolut app

EUR/CHF
MMR 1.08
Revolut 1.0808 (0.04%)

CHF/EUR
MMR 0.93
Revolut 0.9249

Converting 200 to francs and back again gives you 199.92

Last edited by bowlie; 10.01.2020 at 09:10.
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Old 10.01.2020, 11:05
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Re: EUR transfer to Revolut from Postfinance

I have done it before, no fees.
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Old 10.01.2020, 14:50
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Re: EUR transfer to Revolut from Postfinance

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What was the spread they took for the conversion?
As stated by bowlie and without being so technical I can say that I received approximately the same amount of the rate I got by using Google.

It is really uncomparable with Postfinance or any other common bank.
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Old 10.01.2020, 14:54
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Re: EUR transfer to Revolut from Postfinance

You will definitely get a better rate using Revolut for the exchange instead of Postfinance. Just make sure you perform the actual exchange in Revolut on a weekday, as Revolut adds a tidy markup for currency exchanges on weekends when forex exchanges are closed.
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