How our currency exchange service works

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Step 1

In your customer area, specify the amount you wish to change, the desired currency and the recipient account.

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Step 2

From your bank's e-banking, you send the amount to be changed to the b-sharpe account.

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Step 3

On receipt of the funds, b-sharpe changes the amount received into the currency you specified.

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Step 4

We transfer the amount you have changed, to the account(s) specified in your customer area.

How to sign up for the online foreign exchange service

1. Sign up

Register online in less than 3 minutes from your computer or smartphone.

2. Signature

In your customer area, send us your documents and sign your contract directly online.

3. Activation

We activate your account in less than one business day and you can then make your foreign exchange trades with ease.

How to change your salary with b-sharpe?

Sending from your bank account
Sending by the employer directly

To change your salary, you can choose to send all or part of your salary monthly from the bank account where you receive it to the b-sharpe account that has been allocated to you.

To make it even simpler you also have the option of creating an automatic transfer order from your bank, providing the details given in your personal b-sharpe space as a reference. This way, each month, without even having to log in to your personal space or your bank account, your salary will be automatically changed and sent to the bank account of your choice.

How it works in detail by type of operation

Exchange on receipt of funds

You send your funds from your bank account and we change them as soon as we receive them.

1. Configuration

Notify of a remittance

From your secure access, you can notify us of a remittance and choose the currency and bank account to which you wish to send the changed funds.

If your account is set up for 100% automatic exchange, this step can be skipped.

2. Transfer

Transfer from your bank account

Transfer us the amount to be changed directly from your usual bank. 

If it is your salary, your employer can also send it directly to the b-sharpe IBAN so that it is automatically converted on receipt and returned to you to the desired account.

3. Change

Currency exchange at the current rate

On receipt of your funds, b-sharpe will carry out the exchange in real time, applying to the interbank rate the exchange margin corresponding to your conditions, in a totally transparent manner.

For more information on margins: See our rates page.

4. Reception

Your funds are transferred before midday

As soon as your exchange is completed, the transfer to your beneficiary account is made before midday. 

If your transfer arrives after midday, don't worry, it will still be covered at the current rate, but it will not reach your bank account until the next morning. 

Exchange before sending remittances

Upon request, you can set the fixed exchange rate for your transaction before sending the funds.

1. Reservation

Lock the amount to be sent or received

Contact our experts to set the exchange rate you want, either to receive a fixed amount or to sell an exact sum, making sure the rate will be fixed.

2. Transfer

Transfer from your bank account

Transfer us the amount you wish to change directly from your usual bank. 

If it is your salary, your employer can also send it directly to the b-sharpe IBAN so that it is automatically converted on receipt and returned to you to the desired account.

3. Reception

Your funds are transferred before midday

As soon as your exchange is completed, the transfer to your beneficiary account is made before midday. 

If your transfer arrives after midday, don't panic, it will still be covered at the current rate, but it will not reach your bank account until the next morning. 

Choose a simple and cost-efficient solution for your currency exchange!

Q & A

What service does b-sharpe offer?

b-sharpe offers an innovative service for currency conversion and international payments that aims to reduce the charges usually applied by banks. By charging prohibitively high prices, traditional banks are not suitable for SMEs and individuals for foreign exchange transactions. What we propose :

  • b-sharpe manages to overcome this cost by pooling the volumes of its clients.
  • b-sharpe offers savings on this type of transaction through an ergonomic and highly secure platform.
  • The price is transparent, there are no hidden fees, the exchange rate we display is the "all-inclusive" rate.
  • b-sharpe makes currency conversions and international payments transparent, simple and above all economical.

Making a transaction with b-sharpe costs our customers between 5 and 10 times less than with their traditional bank.

Why is b-sharpe cheaper than banks when it comes to foreign exchange?

3 decisive advantages that makes b-sharpe cheaper:

  • While our clients are individually affected by the market and bank commissions, we pool their volume and can therefore shift the balance of power in their favour.
  • Professional skills at your service: b-sharpe's team is exclusively composed of foreign exchange and web professionals, has direct access to the trading rooms and therefore benefits from the best exchange rates available.
  • Structure fees: b-sharpe has developed a platform that allows the same manager to handle your operations from start to finish, where one bank would involve several departments and as many staff for the same transaction.
    We reduce our structure costs and pass the benefits on to our clients: there are no transaction fees*, no opening fees, no account maintenance fees. These are all extra costs that our clients are more than happy not to pay by making their transactions via b-sharpe.

* b-sharpe charges a transfer fee of CHF 5 per transaction if it is less than CHF 5,000 or its equivalent.  No fee is charged if the transaction exceeds CHF 5,000.

These unit fees do not constitute remuneration to b-sharpe. We are convinced that regardless of the amounts changed, our service saves our clients money.

What is the reference rate used by b-sharpe to determine the exchange rate?

For each transaction, the reference exchange rate used by b-sharpe is the real-time interbank market exchange rate. Our platform is continuously connected to the major players in the foreign exchange market.

This ensures that our clients can be sure that the exchange rate b-sharpe will offer them will always remain as close as possible to the real exchange rate of a currency. Our clients are therefore assured that they will not pay too much for their foreign currency transactions.

How long does a transaction take?

Between the time our clients send us their funds to be exchanged and the time they receive the value of their transaction, it takes only two days. One day for the b-sharpe account to be credited, one day for our clients to receive the changed currencies.

We also offer an express payment service that reduces the transaction time by 24 hours.

How is an exchange rate calculated?

The rate of a currency that you see on Yahoo or Google is strictly speaking an average of the current buying and selling rate. To simplify, you buy a currency more expensive than you would sell it. The difference between these two rates, also known as the "spread", is the remuneration of the financial intermediary, who fixes it at will.

Taking advantage of their dominant position and their natural market exclusivity, banks spread their buying and selling rates as much as possible in order to maximise their profit. This is how between 3% and 4% of the amounts you change disappear, without you even noticing it.

Banks can also charge a lump sum to your account after your transaction for processing or transaction fees. With your bank, you never know how much a foreign exchange transaction will cost you.

To cope with this situation, Fintech b-sharpe :

  • Reduces the exchange margin used by banks by 70%.
  • Does not charge any fee for any amount over CHF 5'000 or equivalent.

What currencies are available at b-sharpe?

While b-sharpe deals mainly in CHF, EUR, GBP and USD, we offer our clients the possibility of changing their funds in more than 20 currencies. This ensures that our clients can send funds to almost any location in the world.

The good news is that our policy remains the same regardless of the currencies involved in your transactions: we reduce the margin charged by banks by more than 70%. And for some so-called "exotic" currencies, these bank margins are huge, as much as 10%.

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