Help CenterDeposits and withdrawalsI have only deposited CHF so far. What happens if I deposit EUR or USD?
I have only deposited CHF so far. What happens if I deposit EUR or USD?
You can deposit EUR or USD at any time without incurring foreign exchange losses during the transfer:
- Dedicated currency accounts: With True Wealth, you automatically hold four personal accounts in your own name (CHF, EUR, USD, and GBP). Incoming funds are credited directly to the respective currency account.
- Important – Check the destination IBAN: When initiating the transfer, ensure you use the correct, currency-specific destination IBAN of your True Wealth account so your bank does not convert the funds beforehand.
- Invested according to strategy: The deposited funds are subsequently invested in accordance with your defined investment mix.
- Favourable conversion terms: If currency conversions are required to purchase securities, they are executed at the interbank exchange rate with a minimal markup of just 0.10% (10 basis points or pips) on the transaction volume.
More questions in "Deposits and withdrawals"
How do I deposit money into my account?Can I set up a standing order – in the sense of a savings plan – for deposits?Can I transfer an existing securities portfolio?How do I withdraw a partial amount from my account?How much can I withdraw from my account?Can I set up standing (recurring) orders for withdrawals?How is security ensured for withdrawals?Can I also transfer funds from my account to third parties?How can I close my account?What happens to my investment mix when I withdraw money?Are withdrawals in foreign currencies possible?Can I terminate the power of attorney and manage the assets held with the custodian bank myself?What happens to my investment account if I die?
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