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?
Regardless of the currency, all incoming funds are invested in accordance with your investment mix. The necessary currency conversions are carried out at favorable conditions: markups of only 10 basis points or 10 pips (percentage in point) on the interbank rate, i.e., only approx. 0.10% of the foreign currency transaction volume.
When you open an account with True Wealth, you receive four bank accounts in four currencies in your name. These are CHF, EUR, USD, and GBP. This avoids exchange rate losses when transferring funds to your True Wealth account.
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?What is the deposit reminder service?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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