@uberweston You shouldn't store more than 100K with any given bank.
It's just unnecesary risk that you may not get your money back - although that's probably impossible, especially if a cantonal bank backs it up.
@sonofmatthew Dividend taxes are reclaimable from US ETFs because of a CH USA tax treaty.
IE ETFs have no dividend taxes, but they pay the US taxes to the US - thus you can't recoup them at all, they're gone.
@eee27 IBKR is not made for stuff like this and will likely at least warn you that they're not a currency exchange.
People have been banned from currency conversion when they abused IBKR.
@ahhhh While this sounds super funny, since your bank account is tied to your identiy, you'd just be a nice redditor that keeps the money and returns it to the sender in a reasonable time :)