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Old 31.03.2010, 20:59
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Cheapest money transfer USA -> CH?

Chase is going from $ 0 to $ 45 for international wire transfers. Does anyone know of cheaper offers out there (in the USA)? Paypal is only cheaper up to $ 4499 as far as I know. Thanks.
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Old 31.03.2010, 21:03
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Re: Cheapest money transfer USA -> CH?

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Chase is going from $ 0 to $ 45 for international wire transfers.
Wow- I didn't know Chase had free wire transfers. My bank has been 40-50 USD per wire for at least 2 years. Let me know what you find out!
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Old 31.03.2010, 21:04
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Re: Cheapest money transfer USA -> CH?

Swiss banks will not accept checks and if they do, they will charge you processing fee (~ 50 francs in my case).
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Old 31.03.2010, 21:21
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Re: Cheapest money transfer USA -> CH?

We did a wire transfer from Florida to Credit Suisse for $35 at the end of this past January with Bank of America. It seemed to be cheaper ($35) if you transferred it in foreign currency. Transferring in US dollars would have been $45.
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Old 31.03.2010, 21:21
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Re: Cheapest money transfer USA -> CH?

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Wow- I didn't know Chase had free wire transfers. My bank has been 40-50 USD per wire for at least 2 years. Let me know what you find out!
I was a Wamu customer until it became Chase and they allowed holders of certain accounts to transfer for free. But that comes to an end unfortunately.
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Old 31.03.2010, 21:55
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Re: Cheapest money transfer USA -> CH?

The main problem with most banks (for large sums) is not the wire transfer fee but the exchange rate; usually about 3% above the interbank rate

I have no experience with these folks, but they claim to transfer at the interbank rate and seem to charge reasonable wire fees. They have often been discussed here, and I do not recollect any negative comments.
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Old 01.04.2010, 20:36
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Re: Cheapest money transfer USA -> CH?

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Swiss banks will not accept checks and if they do, they will charge you processing fee (~ 50 francs in my case).
Nasty. The UBS branch at the US Mission in Geneva cashed USD (and GBP and others too) checks free for employees when I worked there.
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Old 01.04.2010, 21:48
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Re: Cheapest money transfer USA -> CH?

Thanks for the input. Yeah, was aware of the check cashing issue, I have tried that many years ago. The reaction to checks in CH is about the same as trying to change a CH bill at some small town bank over here: WTF is this?
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Old 01.04.2010, 22:10
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Re: Cheapest money transfer USA -> CH?

Capital One is the only major credit/debit card issuer not to charge a foreign exchange fee: Packing the Right Credit Card. This leads me to wonder whether they also do low cost bank transfers. They do have an internet banking operation, though I have never looked into it.
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Old 02.04.2010, 06:22
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Re: Cheapest money transfer USA -> CH?

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Capital One is the only major credit/debit card issuer not to charge a foreign exchange fee: Packing the Right Credit Card. This leads me to wonder whether they also do low cost bank transfers. They do have an internet banking operation, though I have never looked into it.
USAA also charge no fee (commission or loading), similarly Nationwide in UK. But Visa and MC level a 1% loading (waived by Nationwide
within Europe only).
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Old 02.04.2010, 09:46
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Re: Cheapest money transfer USA -> CH?

xe.com is good. No problems, and a good exchange rate for me.
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Old 02.04.2010, 15:11
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Re: Cheapest money transfer USA -> CH?

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The main problem with most banks (for large sums) is not the wire transfer fee but the exchange rate; usually about 3% above the interbank rate

I have no experience with these folks, but they claim to transfer at the interbank rate and seem to charge reasonable wire fees. They have often been discussed here, and I do not recollect any negative comments.
When I transferred a large sum - over 10,000 - I was connected to HSBC's trading room and they quoted me a market rate for Swiss francs that I could accept or reject. For lesser amounts their online banking gives you a retail rate.
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