Best bank for changing large amounts of money

I have around 300k pounds Sterling which I would like to convert to Swiss francs. What is the cheapest option for changing this amount?

Hi there,

If you are transferring the money from the UK, you could consider using Transferwise or a similar service, as this may work out much cheaper than a direct bank transfer. The rates of online currency exchange platforms like wechselstube.ch are also worth taking a look at.

The next best option is usually a direct transfer from the GBP account to a CHF account. The exchange rates used by banks vary, and if your bank's exchange rates are consistently unfavorable, it may be worth opening an account at another bank to benefit from a better rate on the transfer. Cantonal banks often have more favorable exchange rates than countrywide banks, although rates change on a daily basis so this may not always be the case.

In any case, you should carefully compare the cost of all options to determine which is the most affordable at the time.

Best regards from Moneyguru

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