# UBS vs Yuh vs another company? costs the least to receive CHF from abroad?
**URL:** https://forum.mustachianpost.com/t/ubs-vs-yuh-vs-another-company-costs-the-least-to-receive-chf-from-abroad/8328
**Category:** Banks, Insurances & Third Pillar
**Created:** [April 23, 2022, 2:14am UTC](https://forum.mustachianpost.com/t/ubs-vs-yuh-vs-another-company-costs-the-least-to-receive-chf-from-abroad/8328 "2022-04-23T02:14:10Z")
**Posts on this page:** 5
**Page:** 1
### Author:  [@neutralname](https://forum.mustachianpost.com/u/neutralname)
#### Post date: [April 23, 2022, 2:14am UTC](https://forum.mustachianpost.com/t/ubs-vs-yuh-vs-another-company-costs-the-least-to-receive-chf-from-abroad/8328/1 "2022-04-23T02:14:10Z")
Hello Mustachians, I will receive some CHF from a foreign bank, as there is fees, do you know among my existing accounts, with which one I will receive the most money? (the least fee deducted)
I have UBS and Yuh and Revolut(but this is for a few dozen K CHF so I guess should avoid). or you suggest me to open an account with another company? After this step, most of the money will probably be sent to IBKR by wire transfer
of course I am only asking for likelihood/probability and don’t expect any guarantee
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### Author:  [@jay](https://forum.mustachianpost.com/u/jay)
#### Post date: [April 23, 2022, 5:19am UTC](https://forum.mustachianpost.com/t/ubs-vs-yuh-vs-another-company-costs-the-least-to-receive-chf-from-abroad/8328/2 "2022-04-23T05:19:59Z")
As far as I know, it depends on what Swiss correspondent bank the foreign bank works with, if any (and the cost division specified by the sender). I would choose the UBS account. UBS often acts as correspondent bank, in which case no third bank would be involved as intermediary that could deduct additional fees.
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### Author:  [@San\_Francisco](https://forum.mustachianpost.com/u/San_Francisco)
#### Post date: [April 23, 2022, 6:36am UTC](https://forum.mustachianpost.com/t/ubs-vs-yuh-vs-another-company-costs-the-least-to-receive-chf-from-abroad/8328/3 "2022-04-23T06:36:49Z")
I‘m all for discussing particular issues in dedicated thread rather than lumping everything together… but how many threads are you going to open about your foreign currency issues?
[https://forum.mustachianpost.com/t/how-much-did-you-pay-to-transfer-cad-from-ibkr-interactive-brokers-to-yuh/8267](https://forum.mustachianpost.com/t/how-much-did-you-pay-to-transfer-cad-from-ibkr-interactive-brokers-to-yuh/8267)
[https://forum.mustachianpost.com/t/1st-time-use-revolut-virtual-card-to-pay-physical-shops-in-canada/8274](https://forum.mustachianpost.com/t/1st-time-use-revolut-virtual-card-to-pay-physical-shops-in-canada/8274)
> [@Paying during a travel in Canada](https://forum.mustachianpost.com/t/paying-during-a-travel-in-canada/8216):
>
> Hey Mustachians, I only have a Yuh debit card and UBS package: Visa, Mastercard and Maestro debit card. Seems UBS card is the most expensive option so let’s only talk about Yuh and IBKR. I will travel to Canada soon and don’t have any CAD, I thought about 3 scenarios, which one is betterr? or you have another advice? Use directly my Yuh card to pay(there is only CHF in it) Use the convert function in Yuh app to convert CHF to CAD before paying CAD Use my Interactive Brokers account to conver…
> [@UBS vs Yuh vs another company? costs the least to receive CHF from abroad?](https://forum.mustachianpost.com/t/ubs-vs-yuh-vs-another-company-costs-the-least-to-receive-chf-from-abroad/8328):
>
> Hello Mustachians, I will receive some CHF from a foreign bank, as there is fees, do you know among my existing accounts, with which one I will receive the most money? (the least fee deducted) I have UBS and Yuh and Revolut(but this is for a few dozen K CHF so I guess should avoid). or you suggest me to open an account with another company? After this step, most of the money will probably be sent to IBKR by wire transfer of course I am only asking for likelihood/probability and don’t expect an…
> [@Anyone transferred CAD to IBKR? without IBAN, tough with Yuh App](https://forum.mustachianpost.com/t/anyone-transferred-cad-to-ibkr-without-iban-tough-with-yuh-app/8312):
>
> Hi Mustachians (Edit 2022-04-19, received an unclear reply from Yuh) Short version: The issue is there is no IBAN for Canadian bank and my app Yuh(digital bank) needs IBAN to process the transfer. Recap: I need to transfer 70k CAD to fund my IBKR account from the app Yuh, and on the Bank Wire Instructions generated by IBKR, there is no IBAN as it’s Canadian bank \*Provide the following information to your bank to initiate the transfer. Wire Funds to Royal Bank of Canada 180 Wellington St …
As this all very much is related info and discussion, couldn’t we focus on like… maybe one
_neutralname‘s least-cost currency payments and exchange_ thread? 🙂
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### Author:  [@San\_Francisco](https://forum.mustachianpost.com/u/San_Francisco)
#### Post date: [April 23, 2022, 6:46am UTC](https://forum.mustachianpost.com/t/ubs-vs-yuh-vs-another-company-costs-the-least-to-receive-chf-from-abroad/8328/4 "2022-04-23T06:46:55Z")
> [@neutralname](#):
>
> or you suggest me to open an account with another company?
>
> After this step, most of the money will probably be sent to IBKR by wire transfer
Since you just stated that you’re „[already quite fed up](https://forum.mustachianpost.com/t/anyone-transferred-cad-to-ibkr-without-iban-tough-with-yuh-app/8312/36)“ with opening new accounts, I suggest you use one of your existing CHF accounts.
> [@jay](#):
>
> UBS often acts as correspondent bank, in which case no third bank would be involved as intermediary that could deduct additional fees.
While it‘s probably still a guess which account will be least expensive, I do agree with the point.
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### Author:  [@neutralname](https://forum.mustachianpost.com/u/neutralname)
#### Post date: [April 25, 2022, 11:54pm UTC](https://forum.mustachianpost.com/t/ubs-vs-yuh-vs-another-company-costs-the-least-to-receive-chf-from-abroad/8328/6 "2022-04-25T23:54:42Z")
> [@jay](#):
>
> As far as I know, it depends on what Swiss correspondent bank the foreign bank works with, if any (and the cost division specified by the sender). I would choose the UBS account. UBS often acts as correspondent bank, in which case no third bank would be involved as intermediary that could deduct additional fees.
> [@San\_Francisco](#):
>
> While it‘s probably still a guess which account will be least expensive, I do agree with the point.
> [@Patron](#):
>
> I think Revolut is not suitable for such an amount of cash. Yuh is using UBS as correspondence bank, so I would probably also use UBS directly.
all the 3 of you are right. I received the money on UBS with the minimum fee I have ever had: 6 CHF…Thanks again for saving me money. would be happy to buy you coffee when we are in the same city, please feel free to PM me in which city you are based.