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.
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!
Swiss banks will not accept checks and if they do, they will charge you processing fee (~ 50 francs in my case).
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.
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.
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.
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.
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?
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).
xe.com is good. No problems, and a good exchange rate for me.
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.