Most people are unaware that their banks charge them both for the transaction, and a hidden fee, in the form of a difference between the true market rate and the exchange rate they give you.
Changing 100,000 Euros into Swiss Francs
The ‘true’ exchange rate is EUR 1.00 = 1.20 CHF = CHF 120,000
The bank’s exchange rate is EUR 1.00 = 1.16 CHF = CHF 116,000
Difference = CHF 4,000
CHF 20 Transaction Fee
TOTAL = CHF 4,020”
We partner with Foreign Exchange specialists Transferwise to give you the ‘true’ market rate, saving you up to 90%. Use our transaction calculator above to see how much you could save.
Imperial Wealth Planning is an Independent Financial Advisory firm based in Switzerland.
IWP is regulated by Polyreg, and registered as an independent broker under the number 30840 in the FINMA register.
Churerstrasse 135, 8808 Pfäffikon
Office numbers: +41 (0) 55 416 26 46
Fax: +41 (0) 44 355 3337