Reading time: 7 minutes | Published: April 1, 2026
Moving and importing your vehicle involve unavoidable expenses in Swiss Francs (CHF): payment of customs taxes (if applicable), payment of the new Swiss auto insurance premium, and cantonal registration fees.
If your funds are currently in Euros (on your home bank account), you will have to convert this capital. This is where expats often lose money invisibly.
Using your foreign bank card or making a SWIFT transfer from your European bank to pay your Swiss invoices exposes you to an inflated exchange rate. Banks generally apply a margin of 1.5% to 2.5% on the exchange rate, in addition to international transfer fees.
As a financial partner for expats and cross-border workers, ibani allows you to:
