Fineco Bank multicurrencies account

nilocmac wrote: »

Has anyone ever transferred CHF,USD or EUR from Fineco to Revolut?

I asked Fineco how much they would charge for moving CHF to Revolut and I gave them the CHF IBAN that Revolut has. They said £19.95.

However my thought is now to exchange the CHF to GBP within Fineco and then transfer to my Santander account (previously when I have done this no charge). Then top up my Revolut card in GBP and finally exchange to CHF (within Revolut). It seems a quite convoluted route but I reckon with minimal charge.

Why not send the GBP direct from Fineco to your Revolut GBP personal acc.no. /sort code..?

Hi,

My other half opened up Fineco account a few months ago referred by me.

As the bonus was paid we stopped using the card. I received an email from Fineco saying her account is overdrawn. When checking the account she has been charged with 2.95 for card shipping card.

I am pretty sure when account was opened first card issur was free of charge. We have emailed Fineco but thru disagree with the first card bring free of charge.

Has anyone else had the same issue? And is there a shipping charge for the first card?

Thanks

I opened a Fineco account, one main reason being that I thought I could make payments in CHF to another Swiss account.

Yes, it is possible but at a charge of £20 for an 'international' payment. (They call it £19.95.) So a same currency payment is 'international'?

€ > € would have been f.o.c., presumably £ and $ too. But I still can't make CHF transfers at nil or low cost.

Oh, dear. Back to square one.

Roger1 wrote: »

I opened a Fineco account, one main reason being that I thought I could make payments in CHF to another Swiss account.

Yes, it is possible but at a charge of £20 for an 'international' payment. (They call it £19.95.) So a same currency payment is 'international'?

It gets worse. The payment was for CHF 144 (about £111). Bank charges of CHF 26.10 were deducted from the paid amount! So the payment incurred charges of £19.95 + CHF 26.10 = about CHF 52, so about 36% if my mental arithmetic is correct.

I don't know whether to or - definitely :mad: In any case, the situation for us is unsustainable.

For our purpose - making CHF payments to a CHF account - the FINECO account cannot be recommended. € to €, $ to $ probably/possibly OK, but CHF to CHF, forget it.

The payee (a government organisation) wants us to pay the CHF 26.10. How should we do this? Use Fineco? I don't think so. Put cash in an envelope? Possibly.