FingerLakerAv8r
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Exchanging USD To Swiss Francs

Tue Oct 04, 2011 8:30 pm

I have an opportunity to go to Zurich in a few weeks (easier to non rev to than Berlin or Dublin) and was wondering where is the best place to exchange money? Before I go? When I get there? Any info is greatly appreciated!

Oh, and a comprehensive list of Swiss beers/ales MUST be included in your response 
 
HT
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RE: Exchanging USD To Swiss Francs

Tue Oct 04, 2011 8:55 pm

Just withdraw an amount of CHF from any cash dispenser. As with most places, changing bills will give you a less good exchange rate. If you insist of bringing USD bills and change them, do so in Switzerland.

BTW, are traveller cheques still in use nowadays ? If so, these were exchanged at inter-bank rates meaning better exchange rates, even taking the handling fees into account.
-HT
Carpe diem ! Life is too short to waste your time ! Keep in mind, that today is the first day of the rest of your life !
 
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DeltaMD90
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RE: Exchanging USD To Swiss Francs

Tue Oct 04, 2011 9:11 pm

I second using ATMs. That's all me and my father do when travelling. Exchanging cash isn't as good as a deal. Try to withdraw as less as possible since your bank might have international fees.
Ironically I have never flown a Delta MD-90 :)
 
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OA260
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RE: Exchanging USD To Swiss Francs

Tue Oct 04, 2011 9:19 pm

As a regular to ZRH I always take Swiss Francs out of the ATM with my bank card. I always get the best rates that way . Maybe just check your Banks own fees for foreign withdrawals before you go .
 
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Dreadnought
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RE: Exchanging USD To Swiss Francs

Tue Oct 04, 2011 9:20 pm

ATMs, or change desks at any bank in Switzerland will give you better rates than what you'll get in the US.

USD is up to SFR 0.916 for $1 today. it was at SFR 0.72 a few weeks ago (a few years ago, that rate was reciprical)
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desertjets
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RE: Exchanging USD To Swiss Francs

Tue Oct 04, 2011 9:33 pm

I'll third (or fourth) the recommendation of finding the nearest ATM once you get off of the plane. Get as much cash as you need in one withdrawl as the fees could get a little pricey.



That said the last time I did an international trip, Dublin, I swear there was a grand total of 2 ATMs in the entire airport. I managed to find the one in the arrivals area, with a rather lengthy line. I did not want to go to the currency exchange place (no line oddly enough) and needed cash to pay for our bus ride into the city.
Stop drop and roll will not save you in hell. --- seen on a church marque in rural Virginia
 
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OA260
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RE: Exchanging USD To Swiss Francs

Tue Oct 04, 2011 10:10 pm

Quoting desertjets (Reply 5):
That said the last time I did an international trip, Dublin, I swear there was a grand total of 2 ATMs in the entire airport. I managed to find the one in the arrivals area, with a rather lengthy line. I did not want to go to the currency exchange place (no line oddly enough) and needed cash to pay for our bus ride into the city.

Your not wrong there . There are two in the departures area in T1 and AFAIK no others. The arrivals one is near the elevators. You found another one? I never knew there were two in arrivals .

As for the Swiss Franc they have tried to keep it low to protect exports. Its good for Euro and $$ tourists also.
 
FingerLakerAv8r
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RE: Exchanging USD To Swiss Francs

Wed Oct 05, 2011 12:00 am

Thanx for the tips! Hope the ron rev gods smile on me this time...
 
Pyrex
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RE: Exchanging USD To Swiss Francs

Wed Oct 05, 2011 12:38 pm

Quoting DeltaMD90 (Reply 2):
I second using ATMs. That's all me and my father do when travelling. Exchanging cash isn't as good as a deal. Try to withdraw as less as possible since your bank might have international fees.

I normally would third that recommendation, but given the case that it is Swiss Francs, I would be more careful, as in their zealous pursuit of "tax dodgers" the IRS is viciously going after anyone who does transactions with Switzerland (I know someone who got a really nasty letter from the IRS because she had a checking account open in the Swiss Postal Bank from her days in high school in Geneve, with all of 500 Swiss Francs; her American aunt who has lived and worked in Switzerland for the U.N. for over 30 years cannot find a bank willing to let her open an account).

With the current administrations, I would just rather get cash and exchange it for Swiss Francs on arrival, would not want any electronic financial record linking me to Switzerland in any way.
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desertjets
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RE: Exchanging USD To Swiss Francs

Wed Oct 05, 2011 2:57 pm

Quoting OA260 (Reply 6):
Your not wrong there . There are two in the departures area in T1 and AFAIK no others. The arrivals one is near the elevators. You found another one? I never knew there were two in arrivals .

The one I found was adjacent to baggage claim in the old terminal next to the Bank of Ireland (?) office.
Stop drop and roll will not save you in hell. --- seen on a church marque in rural Virginia
 
HT
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RE: Exchanging USD To Swiss Francs

Thu Oct 06, 2011 12:16 pm

Quoting Pyrex (Reply 8):
I normally would third that recommendation, but given the case that it is Swiss Francs, I would be more careful, as in their zealous pursuit of "tax dodgers" the IRS is viciously going after anyone who does transactions with Switzerland (I know someone who got a really nasty letter from the IRS because she had a checking account open in the Swiss Postal Bank from her days in high school in Geneve, with all of 500 Swiss Francs; her American aunt who has lived and worked in Switzerland for the U.N. for over 30 years cannot find a bank willing to let her open an account).

Having an open bank account in Switzerland on one hand and withdrawing a minor sum of CHF in Switzerland from a ATM on the other hand are two very different things IMO.
Also Germany and Switzerland have come across when Germany was critizising Switzerland's banking policies, still I had no seconf thoughts about withdrawing smaller amounts of CHF-cash (
Carpe diem ! Life is too short to waste your time ! Keep in mind, that today is the first day of the rest of your life !
 
N1120A
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RE: Exchanging USD To Swiss Francs

Thu Oct 06, 2011 10:24 pm

I agree with using ATMs, but you should pay attention and see if 1) your bank has branches there (HSBC and some others) or 2) your bank has an ATM alliance. If either of those is true, you can avoid fees your bank might charge. Otherwise, I would try withdrawing all the money you will need for your time in the Helvetic Confederation.
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