Hacker News new | ask | show | jobs
by Laurel1234 24 days ago
I've opened (and used) a Dukascopy account with neither a Swiss passport nor even setting foot in Switzerland.

And I can vouch I had significantly less than 30M haha.

2 comments

Yea it's weird what people on HN will say with no actual first hand experience.
It’s a very expensive bank.

Compared to a normal Swiss bank: CHF wire transfer and EUR SEPA wire transfers are usually free of charge. Dukascopy charges 2.30 for each CHF or EUR transfer and 19 USD for each USD wire, on top of 0.50% currency conversion.

And, their FAQ clearly states they don’t accept US citizens.

Well in my case the government would have converted my USD salary into monopoly money at half of its value (that's before any taxes mind you) and it wouldn't even be legal for me to convert it back, so overall it was pretty cheap haha.

> And, their FAQ clearly states they don’t accept US citizens.

Ah could be, I'm not from the US so I can't speak to that.

That's not very expensive for a lot of tech workers in the United States. That's why I'm asking so casually. Half a percent for currency conversion is quite cheap.
Y’all need cheaper banks O_o