From 30 April , the only businesses that will accept these notes are Swiss Rail and Swiss Post, who will accept them until 30 October After 30 October , the only places that will accept these notes are the cash desks of the Swiss National Bank SNB , which will always exchange old notes for new.
There is no time limit on this. In addition to the two SNB cash desks in Bern and Zurich, 13 branches of cantonal banks operate cash desks on behalf of the SNB in other Swiss cities and towns — click here to see a list of these branches page 3. Old notes can also be sent to the SNB by post. The SNB advises checking with your post office on the proper insurance for your shipment and says it accepts no liability for such shipments — click here for further information.
The old notes are the eighth series of Swiss money. The SNB started issuing the latest ninth series of Swiss banknotes in April , starting with the 50 franc note. The first series of banknotes was issued in , withdrawn in and became worthless in In general this is the cheapest way to obtain cash. Your bank can provide exact fees.
To save time upon arrival, it can be handy to purchase some Swiss francs before you depart. Wise formerly TransferWise offers an online bank account which can hold many currencies.
A low fee is charged when converting money from one currency to the other. They charge the actual exchange rate, while most banks charge a lower rate in order to keep the difference themselves a hidden fee. Wise has no fees on spending money from any of the currencies in your account. So, your can convert your home currency to Swiss francs for a low fee. Then, you can spend those francs without any further costs.
In all, it's much cheaper than most other banks and credit cards. Convert any amount to Swiss francs low fee. To save even more, you can do this when the exchange rate to your home currency is in your favor. Once you're in Switzerland, use your card to pay from your Swiss francs balance free. You can also get cash from ATM's free or low fee.
The card can be used online too, wherever the merchant asks for a debit card or credit card. Once you return home, convert your remaining Swiss francs balance back to your home currency low fee. Again, you can wait doing so until the exchange rate is best for you. Of course you can also skip this step and hold on to your Swiss francs until your next trip. The symbol for the Swiss franc is "CHF".
Alternatively, the abbreviation "Fr. In practice, prices are often noted without a symbol at all. Low interest rates meant people did not lose money by stashing money under the mattress, and the use of cash was increasing, although Zurbruegg said he did not see a major surge in the hoarding of bank notes.
Should the 1, franc note be used improperly for tax evasion that is an issue for the legislators and the authorities to prevent. Business News Updated. By John Revill 3 Min Read.
0コメント