I'm paid in CHF in Switzerland, but as a future frontalier, I will have to pay my rent, health insurance etc. in EUR.
SEPA bank transfers are cost-free if no currency exchange is involved. With currency exchange, they are quite expensive and I would like to avoid these costs.
I would very much appreciate any recommendations / experiences (even the bad ones, to avoid them...). Thank you!
I'm paid in CHF in Switzerland, but as a future frontalier, I will have to pay my rent, health insurance etc. in EUR.
SEPA bank transfers are cost-free if no currency exchange is involved. With currency exchange, they are quite expensive and I would like to avoid these costs.
I would very much appreciate any recommendations / experiences (even the bad ones, to avoid them...). Thank you!
My brother used to work in Geneva and lives in France. He always took his money from his swiss bank, exchanged it in Euros at the Migros bank (always a good place to do it) and put the euros in his french bank. But only the money he needed. No more.
My brother used to work in Geneva and lives in France. He always took his money from his swiss bank, exchanged it in Euros at the Migros bank (always a good place to do it) and put the euros in his french bank. But only the money he needed. No more.
Hello Bertrand, thank you for your reply.
I think there must be an easier way, though.
A colleague now told me that Crédit Agricolier offers a special banking service for frontaliers. I will check that before starting my own money transport company. ;-)
Hello Bertrand, thank you for your reply.
I think there must be an easier way, though.
A colleague now told me that Crédit Agricolier offers a special banking service for frontaliers. I will check that before starting my own money transport company. ;-)
On a similar point can anyone advise the best way to transfer to a third party's euro account from my CHF account without being hit with excessive bank charges. I am talking small amounts between 200 and 500 euros maybe 2 or 3 times a year
I have not yet asked my bank about this and obviously will do so
On a similar point can anyone advise the best way to transfer to a third party's euro account from my CHF account without being hit with excessive bank charges. I am talking small amounts between 200 and 500 euros maybe 2 or 3 times a year
I have not yet asked my bank about this and obviously will do so
With for example UBS you can also open a EURO account. Perhaps you can agree with your employer that part of your salary is paid in Euro's at an agreed roe - which suits both of you best. that way you keep everything nicely under one roof. I've worked for a year in Dubai, and even had a Dirham account with UBS, worked lovely.. Now - do note UBS can be quite expensive when it comes to charges, however - if you keep over CHF10,000 on the accounts some of these are dropped.The only thing is not to transfer between these accounts because the ROE are not as good, however, if you just need those Euro's - no need to transfer between accounts. Good luck!
With for example UBS you can also open a EURO account. Perhaps you can agree with your employer that part of your salary is paid in Euro's at an agreed roe - which suits both of you best. that way you keep everything nicely under one roof. I've worked for a year in Dubai, and even had a Dirham account with UBS, worked lovely.. Now - do note UBS can be quite expensive when it comes to charges, however - if you keep over CHF10,000 on the accounts some of these are dropped.The only thing is not to transfer between these accounts because the ROE are not as good, however, if you just need those Euro's - no need to transfer between accounts. Good luck!
