Foreign exchange

Foreign exchange refers to account balances denominated in foreign currencies. Cash in foreign currencies is excluded from this.

From the perspective of a Swiss investor, these are typically account balances in euros, US dollars, and British pounds. At True Wealth, all asset management clients receive accounts in these three foreign currencies, as well as one in Swiss francs, of course. This allows for fee-free payment receipts if you already have such foreign currencies in other checking accounts and want to make a transfer.