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swiss re shares

not sure if this is the right section, not been here before

I have some swiss re shares, if i was to sell they would be sold in swiss francs, what is the best way to get them transferred in to my bank account without losing too much when it is exchanged in to £££

Comments

  • george4064
    george4064 Posts: 2,951 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    In what form do you currently hold the Swiss shares?
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2025 - #024 £1,450 / £15,000 (9%)
  • photome
    photome Posts: 16,742 Forumite
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    george4064 wrote: »
    In what form do you currently hold the Swiss shares?

    Good question, they are in an account that I have to log in to to be able to see them, purchased through work other than that not sure what you mean
  • george4064
    george4064 Posts: 2,951 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 15 January 2016 at 10:29PM
    Who is that account held with?

    First thing is to see who much it would cost to sell (and any other applicable charges) with whom they are currently held with.
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2025 - #024 £1,450 / £15,000 (9%)
  • photome
    photome Posts: 16,742 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Bake Off Boss!
    Equate plus
  • photome
    photome Posts: 16,742 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Bake Off Boss!
    I understand I could open an account with say Hargreaves lans down and sell for £12 ish but I am not sure how the exchange bit works as I would be selling them in Swiss francs but would need to withdraw them from HL in pounds
  • george4064
    george4064 Posts: 2,951 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Check on HL website, they detail all their charges on there.

    I believe it will cost you £11.95 dealing commission and levy a 1.50% fee on the swiss francs/GBP rate.
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2025 - #024 £1,450 / £15,000 (9%)
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