Samuel, cross-border commuter
How to optimize the management of your mortgage
Image generated with artificial intelligence Samuel lives in Lorräch and works as a commercial employee at Roche and therefore he receives a salary in CHF, like most cross-border commuters. He and his partner took out a mortgage in Euros to buy their house, resulting in a monthly payment of around 950 Euros.
For about two years, Samuel let the bank convert his salary by making transfers from his CHF account at the Kantonalbank to his EUR account with Deutsche Bank.
It was only after stumbling upon moneyswapp.com that he decided to participate in Currency Watch, a monthly online seminar providing in-depth analysis and insights into the CHF/EUR exchange rate.
By watching these analyses, he realized the true value of the service offered by moneyswapp.com in terms of exchange rates, regardless of historical price trends for the Swiss franc.
After watching a few episodes, he was able to understand the mistake he was making in the way he executed his exchange transactions: the bank applies a 1.8% margin compared to the interbank rate, not to mention the international transfer fee.
By converting his 5,000 CHF salary every month with the rates mentioned above, Samuel loses 93 euros per month, translating to an annual loss of 1,116 euros.
After learning all this, he decided to change the way he manages his CHF salary, relying on moneyswapp.com to convert his income.
He then set up a standing order of 5,000 CHF from his Swiss bank account to moneyswapp.com with zero fees, as it is a standard domestic transfer. We at moneyswapp then complete the final step: once the money is converted, we proceed to transfer the resulting Euros to the Euro account without Deutsche Bank applying any additional fees, as the payment is done via SEPA.
moneyswapp.com therefore applies a 0.24% margin, which is significantly more advantageous compared to the ~2% previously applied.
In this way, Samuel recovers around +81€ per month, amounting to a total savings of 972€ per year—practically the value of a monthly mortgage payment.
“Thanks to the moneyswapp.com webinars, I was able to understand how much a small habit or a wrong routine can make a difference. Over a 20-year horizon, good exchange management can save over €19,400. It’s simply huge.”
– Samuel, Lorräch