USD account -> IBKR Transfer

[Francomac]

Hi guys,

I am going to start my investments with IBKR.
Regular transfer will be done from my regular swiss account and then converted to USD in order to buy US ETFs.

However, I still have some dollars in cash. What best way would you suggest to get the dollars into IBKR without converting (losing money) back and forth?

Opening foreign currency account and then closing it after the transfer of funds to IB?

Or any other solution?

Thanks in advance.

 

[Baptiste Wicht]

Hi and welcome to the forum

Are you talking about literal cash? In this case, a bank with a USD account should be fine, maybe PostFinance or UBS. Then, you should be able to transfer USD from this account to IB.

I have never done it that way. I have transferred USD many times but from a US bank account and not a Swiss bank account.

 

[Francomac]

Thanks for quick answer. Yes, literal cash.

Yea, might be the best idea to open an additional account along my main account.