Author: Michael Wüst, Co-Founder and CEO at AMNIS Treasury Services AG

Swiss banks charge on average 1.46% for currency exchange. In some cases 4.5 times more than amnis. Small and medium-sized companies are often unaware that high exchange rate mark-ups are hidden in the standard industry exchange rates. Amnis, however, is committed to transparent conditions and, thus, regularly analyzes the fees included in banks’ foreign exchange rates. The chart below shows a comparison of the fees included in the exchange rates for a currency exchange of max. CHF 50’000: Swiss banks charge between 1 and 1.9 percent for currency exchange. Amnis, on the other hand, offers fair and transparent conditions. The highest fee…

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