Loralie SA

STOP TRANSFER COSTS

Investors pay prohibitive fees when transferring securities from one bank to another. In our eyes, this practice is outdated.

 

In Switzerland, when a transfer of securities from one bank to another is carried out, the first bank charges what is known as a transfer fee. This is expensive and significantly reduces the yield: most banks charge around a hundred francs per security,

that is, per company in the case of equities or per debtor in the case of bonds.

 

When transferring an average deposit of fifteen securities, the old bank therefore collects around 1,500 francs. In the past, transferring a deposit was a tedious task. But today, this procedure is carried out in dematerialized form, so that such costs are no longer justifiable.

 

Source VZ news 122 September 2020, vzch.com