Postfinance E-trading vs. USD dividends

Can’t really find information online, so maybe there are some e-trading users around who would know.

(Otherwise I’ll try to ask PF, but I’m not a customer so might take a bit of time)

I would have a few questions:

  • for USD distributing securities, does PF just give you USD (no implicit – costly – conversion to CHF)
  • can you then transfer those USD proceeds out? (I guess might need a USD private account with them, but it seems to be “free”)

Trying to figure out what the cost would be of having some passive holding at PF. You’d have the 90 CHF per year (usable as trading credits), and potentially transferring the dividend proceeds out – if exhausting the trading credit since then it would be cheaper to move it to e.g. IB instead (IB also pays USD interests unlike PF).

Yes.

Yes.

Yes.

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Yep, can also confirm it’s as you assume.
I do it that way, for example once a year for the $ that have come together from VWRL dividends in my Postfinance.

Only “cost” is the $5 wire transfer fee (or was it about $10 ? sorry, i forget), Postfinance to IB.
In addition, at the same time, I buy my partner’s $ dividends & transfer to my Pf and then to my IB. $ transfer from Postfinance $ account to someone else’s Pf $ account is free.

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Thanks for confirming!

What you need to have as well is a USD currency account opened in E-Trading. Otherwise they convert it to CHF with a poor conversion rate. Keep in mind that they keep back an addtional 15% (on top of the 15% that the US do) as all Swiss brokers do.

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