Hey guys, so, did anybody try it? Whats the catch, that I cant figure out? Could you open an account, transfer 700 shares form IB, get the bonus, withdraw it and just transfer the shares back after a while? Kinda sketchy, but a >100% return worth exploring it. On the other hand it seems too good to be true… As I see it, one has the in- and outcoming share transfer fees between the brokers, the withdrawal fee and evetually 2x20 CHF custody fees, assuming you keep the account in swissquote active for less than half a year. I cant find anywhere any small print, please someone bring me back to reality…
The Recipient must deposit or transfer cash and/or securities (including Credit Suisse shares with
ISIN CH0012138530) to their trading account in a minimum amount of CHF 10’000 by 30.06.2023
at the latest. The value of securities transferred is determined by the Bank
So you need to transfer at least CHF 10,000 worth of assets. And I think if you transfer 700 shares of CSGN and 9300 CHF in cash, wait for a month, and transfer out again. It should be positive. As you said, you would have to pay one time the custody fee and two times the transfer fee. The receiver broker might reimburse you the transfer fee with cash or trading credit. You would need to find out.
IB allows one cash withdrawal per calendar month for free, subsequent cash withdrawals cost, e.g., 11 CHF or 8 EUR.
For securities, IB will process incoming transfers for free but will charge any outgoing transfers. There I am a bit lost in their fee model… not sure exactly what you would have to pay for transferring your CS shares to SQ.
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i have tried. From IBKR to post finance, Both side free.
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Well that developed quite rapidly, no?
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Well, it looks like the things were not as bad as they seemed and market participants had overreacted as usual. Still it didn’t make buying CS stocks during that problematic time a winning move 
.
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I don’t know whether to laugh or cry:
Einer der zwei hängigen Fälle betrifft ein älteres Ehepaar, das in einem ungünstigen Moment in die taumelnde Grossbank investierte: Am 10., 13. und 15. März kaufte es 38’000 CS-Aktien für 84’636 Franken. Am 20. März, ein Tag nach der denkwürdigen Pressekonferenz zum CS-Untergang, verkaufte es die Wertpapiere wieder – mit einem Minus von gut 54’000 Franken. Einen Monat später forderte es vom Bundesrat dafür eine Entschädigung.
Translation in english
One of the two pending cases concerns an elderly couple who invested in the faltering major bank at an inopportune moment: on March 10th, 13th, and 15th they bought 38,000 CS shares for 84,636 Swiss francs. On March 20th, one day after the memorable press conference on the collapse of CS, they sold the securities again—at a loss of just over CHF 54,000. A month later, they demanded compensation from the Federal Council.
Source: https://www.watson.ch/!338989354
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Case has just been rejected by the court…
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Similar thing happened to people in Portugal when the biggest bank failed. The loss was worse, at 100%.
People see “Household Company stock is down XX%!”
They think: Household Company will never go bankrupt, I can make a lot of money! hehe, I am so smart
→ Company fails, they get fucked.
→ Please government, I am old, I don’t have financial literacy, save me, give me my money back!
This are just an older version of the degens over at Wallstreetbets
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“Can somebody give me the stock market’s customer service number please ?”
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The problem here is not what Maurer said or didn’t say. FINMA helped CS to hide the true amount of own capital. Check for ‘regulatorischer filter’ in the PUK report. There might be successful lawsuits against the Confederation at some point.