USD from Yuh to IB

Investing / Funding & Currency conversions
1

Hi everyone

I plan to sell my ETF‘s and Stocks at Yuh (~20k USD) and invest them in VT at Interactive Brokers. I already have an IB account with ~20k USD invested, done by transfering CHF to IB and then converted to USD.
I now realized that transferring USD with the swiss IBAN of IB is not possible.

Options:

  • Convert the USD to CHF at 0.95% and transfer the CHF for to IB for free
  • Transfer the USD to IB in the USA (Interactive Brokers LLC, One Pickwick Plaza, …) with potentially even higher fees?
  • Any other ideas?

What would be the best way to transfer 20k USD from Yuh to IB?

Thanks a lot for your help!

2

I doubt you’ll pay more than 20-30 USD. So that’s way better than the other option.

3

Transfer the shares themselves to IB instead of converting to cash?
How much do they charge per position?

4

Just realized, Yuh only accepts SEPA countries for international transactions. Means, I first would need to transfer the USD with swiss IBAN to another account (f.e. Swissquote, Raiffeisen)…

5

According to their terms that‘s unfortunately not possible, as they only have fractional shares.

6

Or PostFinance. If you have a ‘smart’ package that costs 5 CHF per month, you can get a IBAN for USD for no additional cost.

2 Likes
7

Or to a (very trustworthy) friend with a usd account…

8

I could imagine it’s possible - with Citibank converting at their rate.

Does Yuh support bank transfers to non-IBAN countries? :clown_face:

EDIT: whoops, you beat me to it and found out yourself.

Best or cheapest?

What about Revolut? They provide an IBAN for their USD account.

1 Like
9

Can you send USD from Revolut to IB ?

10

btw, anyone knows how much would the cost be to send USD from post fiannce to IB?

Thank you!

11

Haven’t tried yet but 12 CHF is what I See mentioned in this Forum
Transferring USD to IB - #3 by ChickenFat?