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Old 28.06.2014, 14:18
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Money transfer Swiss bank account -> US

Hello all,

for our upcoming move to the US, I am looking for an inexpensive way to transfer money to the US.

Did anybody open a bank account with a global bank like HBSC or citibank, and would this be the best option?

Any advice is appreciated!
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Old 28.06.2014, 15:55
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Re: Money transfer Swiss bank account -> US

You waited 90 minutes, searching is quicker!

http://www.englishforum.ch/search2.php?q=Money+transfer
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Old 28.06.2014, 17:55
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Re: Money transfer Swiss bank account -> US

Hi there,

i haven't figured it out yet.. but i had some money wired from other country to citi bank and i got charged everytime when money was wired.

i have citi gold but still they charge fee ($25?) to receive money.
citi global is just name. Citi in other countries are not connected to citi in US.
same as UBS (no connection between US and CH).

it seems that you will have different options depending upon frequency/amount you transfer.

most seem to prefer online site transfer over bank.

good luck
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Old 28.06.2014, 17:57
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Re: Money transfer Swiss bank account -> US

I opened a CHASE account (paperless option , costs me 10 USD per month), transfer from UBS to CHASE is 15 dollars per transfer

but if my account balance is over 1500 USD then this fee is waived as well

I can look up and get you more details
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Old 28.06.2014, 20:31
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Re: Money transfer Swiss bank account -> US

Hi
I go through the opposite transfer today and it is quite easy once you have accounts on both sides. As an American swiss banks don't like me but I was eventually able to find one. From my understanding the swiss banks can also be picky when a current customer moves from ch to us. I transfer money in large sums every 3 months to minimize the effect of the transfer fees ($25-$45) in my experience. Some banks only charge to send, others to receive. It is also worth watching the exchange rate offered by the sending and receiving banks as they seem to also earn 1-2% on the total amount when exchanging.

I also recently heard of a new service, tranzfers. It apparently avoids international exchange fees through a neat idea. If we can get enough interest they would open in ch and I would definitely use them. My friend live in Australia and uses them without problems.

Kevin
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Old 29.06.2014, 10:34
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Re: Money transfer Swiss bank account -> US

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Hi
I go through the opposite transfer today and it is quite easy once you have accounts on both sides. As an American swiss banks don't like me but I was eventually able to find one. From my understanding the swiss banks can also be picky when a current customer moves from ch to us. I transfer money in large sums every 3 months to minimize the effect of the transfer fees ($25-$45) in my experience. Some banks only charge to send, others to receive. It is also worth watching the exchange rate offered by the sending and receiving banks as they seem to also earn 1-2% on the total amount when exchanging.

I also recently heard of a new service, tranzfers. It apparently avoids international exchange fees through a neat idea. If we can get enough interest they would open in ch and I would definitely use them. My friend live in Australia and uses them without problems.

Kevin
So this is your company then ?
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Old 29.06.2014, 11:29
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Re: Money transfer Swiss bank account -> US

I'm fairly sure that Transferwise is the cheapest way to transfer money.
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Old 29.06.2014, 13:34
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Re: Money transfer Swiss bank account -> US

No...not my company. Just a service I found online to solve this common challenge in a cost effective way.
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Old 07.07.2014, 09:44
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Re: Money transfer Swiss bank account -> US

I used XE (http://www.xe.com/). They charge $22 per transfer and I haven't gotten any bank fees on either end.
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Old 08.07.2014, 12:42
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Re: Money transfer Swiss bank account -> US

Hi,

Sorry for changing the topic a bit but,
how about transferring from Switzerland to Ireland?
What would be the best option?

Thanks
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