>
Date: Tue, 30 Jul 2002 09:50:16 -0700
X-Mailer: Internet Mail Service (5.5.2653.19)
... the same why Bank of America in SF, Seattle or LA is not the same as
Bank of America in Geneva (private banking exclusively...)!
Pierre
> ----------
> From: Massimo Fuchs
> Reply To: mfuchs_at_worldpoint.com
> Sent: Monday, July 29, 2002 5:19 PM
> To: 'Chris Cavigioli'; 'Laurent Piguet'
> Cc: swiss-list_at_swiss-list.com
> Subject: RE: swiss-list: Money, Money, Money
>
>
> The reason why Citibank in NY is not Citibank in Munich or Tokyo has to
> do with the local banking regulations in each country, and even State,
> that basically make global seamless banking transaction impossible (at
> least for now).
>
> On the deposit question, you can put money directly into US accounts. In
> the US banking system, it is called Direct Deposit, and is cleared by
> the banks via ACH (Automated Clearing House; http://www.nacha.org).
>
> For an example of a typical service provider via portal, check out
> http://www.afgchecks.com/.
>
> Best, Massimo
> Honolulu, Hawaii
>
> > -----Original Message-----
> > From: owner-swiss-list_at_swiss-list.com
> > [mailto:owner-swiss-list_at_swiss-list.com] On Behalf Of Chris Cavigioli
> > Sent: Monday, July 29, 2002 13:27
> > To: Laurent Piguet
> > Cc: swiss-list_at_swiss-list.com
> > Subject: Re: swiss-list: Money, Money, Money
> >
> >
> >
> > Maybe someone who knows international banking and financial
> > commerce can comment more accurately than I can. One thing I
> > learned in the globalization efforts of the WTO, this is
> > pretty much the last sector of business to get to
> > globalization. So one lesson I learned moving to Munich from
> > USA, then back to USA, is that there is no such thing as an
> > "international bank". For example, even if there is a
> > Citibank on your street corner in USA and another Citibank
> > branch in downtown Munich, they are not the same business
> > unit and there is no advantage that the two different banks
> > might have the same name and logo. Any type of transaction
> > deals with the other bank as it would with any other foreign bank.
> >
> > Maybe this has recently changed. I am no longer current.
> >
> > I also remember that wire transfers are quite expensive. I
> > could almost be cheaper to just leave your account open in
> > the other country and draw funds from it via a credit or ATM card.
> >
> > To deposit a USA check and access the money, your option #3
> > might be the easiest. Maybe someday in the USA the banks
> > will invent a way for people to deposit into your account
> > directly without using a check just by using your bank
> > account number ... like people do in Germany or Switzerland.
> > If this exists and I missed it, please let me know.
> >
> > Another interesting option which I haven't checked out in
> > great detail is to "wire" money via the Internet using
> > services such as www.paypal.com which people use to pay for
> > ebay auctions, etc. I think they allow international
> > operation now too. I'm not sure.
> >
> > -chris
> >
> > ----- Original Message -----
> > From: "Laurent Piguet" <piguet_at_yahoo.com>
> > To: <swiss-list_at_swiss-list.com>
> > Sent: Monday, July 29, 2002 1:59 PM
> > Subject: Re: swiss-list: Money, Money, Money
> >
> >
> > >
> > > I would probably just open an account with a bank that offer online
> > > banking. Then have people send the checks simply to the
> > bank, marking
> > > "for deposit only" on the back.
> > >
> > > You can then wire the money into your swiss account in the best
> > > (cheapest) possible way, or use a linked credit card, like you
> > > mentioned.
> > >
> > > I am not sure this would actually work as described, but we
> > have used
> > > something similar for a while and it worked ok. An
> > alternative is to
> > > have people mail the check to someone you know, and have
> > them mark it
> > > "for deposit only", the send it to the bank (I know this works).
> > >
> > > Laurent
> > >
> > > At 22:14 29/07/02, Christian Heuss wrote:
> > >
> > > >Hello Swiss-List members,
> > > >
> > > >soon, we will leave the US and go back to Switzerland. -
> > As freelance
> > > >science writer I'll continue working for American clients from
> > > >Switzerland. As you know, the usual mode here is to
> > receive a check,
> > > >that you walk to the bank to cash-in. - But, what's the easiest &
> > > >cheapest way to cash in an American check in Switzerland?
> > > >
> > > >I see several options:
> > > >
> > > >1.) Cash-in the check in Switzerland (probably a high fee;
> > don't know
> > > >how much).
> > > >
> > > >2.) Cash-in the check in Switzerland, but in the branch of an
> > > >American Bank that you have an account with.
> > > >
> > > >3.) Send the check from Switzerland to your bank overhere, and get
> > > >access to the money via a Mastercard.
> > > >
> > > >Are there any check-free options, like direct money transfer?
> > > >
> > > >I'd appreciate any experiences, ideas or alike
> > > >
> > > >Best
> > > >- Christian
> > > >
> > > >=========
> > > >Christian Heuss
> > > >629 Escalona Drive
> > > >Santa Cruz, CA 95060
> > > >phone (831) 457-2358
> > > >fax (347) 214-6513
> > > >email christian.heuss_at_nasw.org
> > > >
> > > >
> > > >
> > > >=================================================================
> > > >To unsubscribe from the swiss-list mailing list send the
> > message body
> > > >of "unsubscribe swiss-list" to majordomo_at_swiss-list.com or visit
> > > >http://www.swiss-list.com/mailing/
> > >
> > > --
> > > Laurent Piguet
> > piguet_at_yahoo.com
> > > Rte de Chanivaz 4 Mobile:
> > +41-79-310-3249
> > > CH-1164 Buchillon
> > >
> > >
> > > =================================================================
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> >
> >
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> > 
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> >
> >
>
>
>
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Received on Tue Jul 30 2002 - 16:55:28 PDT
