Fidelity, for example, charges no fee but a 1% spread, which is a "hidden" fee.
FirstRepublic charges .01% (and thats because we are "small" by institution standards ~50k / transaction).
Most banks are badly set up for consumer size transactions, unless they are by default multi currency (Revolut and Starling come to mind).
The traditional banks may be "no-fee" - but some have charged as much as 2%.
Still nothing on the ultimate rip off - the foreign currency ATMs at airports - fee +5+% spread...
Fidelity, for example, charges no fee but a 1% spread, which is a "hidden" fee.
FirstRepublic charges .01% (and thats because we are "small" by institution standards ~50k / transaction).
Most banks are badly set up for consumer size transactions, unless they are by default multi currency (Revolut and Starling come to mind).
The traditional banks may be "no-fee" - but some have charged as much as 2%.
Still nothing on the ultimate rip off - the foreign currency ATMs at airports - fee +5+% spread...