Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 18.12.2008, 12:36
Member
 
Join Date: Oct 2007
Location: Geneva
Posts: 183
Groaned at 3 Times in 2 Posts
Thanked 22 Times in 14 Posts
alanmack has no particular reputation at present
Howto buy US dollars

Hi,

Seeing as the dollar has just recently started to drop dramatically against the franc I was thinking of buying maybe 3-5 thousand dollars for a trip I am going to take to the states next summer.

Whats the best way to buy dollars now in order to spend later?

Should I get a US dollar account with UBS? And then transfer the funds from my CHF account? And how much would the US account cost?

Cheers for any help on this,
Alan
Reply With Quote
  #2  
Old 18.12.2008, 12:46
Scott's Avatar
Forum Veteran
 
Join Date: Mar 2006
Location: Buchs SG
Posts: 1,205
Groaned at 26 Times in 18 Posts
Thanked 698 Times in 356 Posts
Scott has a reputation beyond reputeScott has a reputation beyond reputeScott has a reputation beyond reputeScott has a reputation beyond repute
Re: Howto buy US dollars

Cash.

Accounts cost (unless you have half a million already stashed there).

For spending in the states, I used Travel Cash. Easy and accepted
at all bank ATMs in the states. Some ATMs charged 2-3 $ for the
transaction... no problem, worth it!

Loaded my card with $5k, worked like a charm.
Reply With Quote
This user would like to thank Scott for this useful post:
  #3  
Old 18.12.2008, 12:49
tomcat's Avatar
Forum Veteran
 
Join Date: Jun 2007
Location: Stewdguard, Germany
Posts: 2,051
Groaned at 45 Times in 31 Posts
Thanked 929 Times in 609 Posts
tomcat has a reputation beyond reputetomcat has a reputation beyond reputetomcat has a reputation beyond reputetomcat has a reputation beyond repute
Re: Howto buy US dollars

consider www.xe.com for your forex needs

happy customer, no vested interest
Reply With Quote
  #4  
Old 18.12.2008, 13:49
Forum Veteran
 
Join Date: Nov 2007
Location: Vaud
Posts: 790
Groaned at 83 Times in 40 Posts
Thanked 328 Times in 179 Posts
markalex is considered knowledgeablemarkalex is considered knowledgeablemarkalex is considered knowledgeable
Re: Howto buy US dollars

Seen this company around for a few years...

http://www.hifx.co.uk/foreign_exchan...al_advice.aspx
Reply With Quote
  #5  
Old 18.12.2008, 14:14
Member
 
Join Date: Oct 2007
Location: Geneva
Posts: 183
Groaned at 3 Times in 2 Posts
Thanked 22 Times in 14 Posts
alanmack has no particular reputation at present
Re: Howto buy US dollars

Another point is that I would like to buy a couple of big ticket items in dollars, but I wont be buying them untill next summer (some mountain bikes). I'll be paying by wire transfer.

But I'd like to buy the dollars now (seeing as we're getting close to franc-dollar parity), and justhave them sitting around, and in May wire the money to the supplier in the states.

For this it seems best to use a USD account right?
Reply With Quote
  #6  
Old 18.12.2008, 15:36
Forum Veteran
 
Join Date: Nov 2007
Location: Vaud
Posts: 790
Groaned at 83 Times in 40 Posts
Thanked 328 Times in 179 Posts
markalex is considered knowledgeablemarkalex is considered knowledgeablemarkalex is considered knowledgeable
Re: Howto buy US dollars

A USD account in the UK is free, although you pay to transfer money here or there. Shop around en Suisse, somebody like HSBC might be a good option. Know that UBS will charge you for a US dollar account, perhaps Credit Suisse also.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
how to bring funds in US dollars to Zurich in person? ley123 Finance/banking/taxation 50 08.06.2010 12:54
Where to withdraw US Dollars? scootberger Finance/banking/taxation 5 06.08.2008 16:31
Salary in Swiss Francs or Dollars? Velo Employment 23 15.01.2008 13:42


All times are GMT +2. The time now is 00:04.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0