ok so have been trying all sorts of things in the background. first semi expensive lesson for me. →
I have created a post finance account(s) CHF,EUR,USD and trasferwise the same
So i tried yesterday the whole process i wanted USD, so i transfered CHF from post to Wise then converted in wise from CHF to USD and then transfered back to my USD postfinance account.
I started with 500 CHF converted to 538.91 USD and ended up with 494.66 USD or 457 CHF ! ahaha ridiculous
I called postfinance and they hadn’t added any fees on top, Wise had quoted me a transparent 4 USD fee on the transfer and then the magic happened…
what i hadnt read and was correctly pointed out from a Wise support person was :
Your bank or other banks the money passes through on the way may also charge you a fee, so your recipient might get less. These fees tend to be around 25–50 USD, but there’s no way for us to know what they’ll be in advance.
Is it fair to assume that this transaction based and not amount based? So even if i transfered 10.000 usd i would end up with around the same fees after the money left TransferWise and before they landed in PostFinance ?
How would you guys have done it/ would do it better?