4 ms·
Schwab forex exchange really is without fees. It’s done at the current forex rate with no basis points taken. I’ve checked my transfers against the forex rate f
by garmaine 5y ago
Schwab forex exchange really is without fees. It’s done at the current forex rate with no basis points taken. I’ve checked my transfers against the forex rate for the day.
Schwab operates these retail banking services as a loss-leader for their investment products.
- argvargc 5y agoHappy to be wrong on this. I've never experienced a bank that hasn't silently gouged on forex, and this is the first I've even heard of one that didn't. Definitely good to continue to be vigilant about such claims. As for BTC, I wouldn't use it for anything other than a store of value - there are far better crypto options for transferring value. Some cost fractions of cent and take seconds. Others cost single-digit dollars, but are fiat-pegged so there's no volatility risk at all.