Can I pay with Swiss Franc bills that are cut into pieces?
Is it possible to pay with a Swiss Francs bill that is cut into pieces in a Swiss store such as Migros or Coop?
Best Answer
In case of the Swiss Franc, this is regulated in the Federal Curreny and Means of Payment Code (Bundesgesetz über die Währung und die Zahlungsmittel / Loi fédérale sur l’unité monétaire et les moyens de paiement).
Article 8 states that a damaged bank note is replaced by the Swiss National Bank if the serial number is recognisable and at least half of the bank note is provided.
Similar regulations are in effect in at least the Euro zone and I assume most other European countries. Some countries operate with a disclaimer that deliberately damaged notes are not replaced.
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What to do with old Swiss francs?
After 30 October 2021, 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. The SNB operates cash desks in Bern and Zurich.Are Swiss francs legal tender?
In May 2021, the banknotes lost their status as legal tender and are no longer valid for payments.Can I exchange old Swiss bank notes?
Banknotes that are recalled from circulation are no longer legal tender. However, notes from the sixth series onwards can be exchanged at the SNB for an unlimited period of time at their full nominal value. The countervalue of notes not submitted for exchange within 25 years will be assigned in accordance with art.Are Swiss notes plastic?
It consists of two layers of paper with a transparent polymer running through the middle of it. This means the notes still feel like paper but has some of the durability of plastic. The complex process of printing is entrusted to Zurich-based Orell F\xfcssli, which produces notes for other central banks.TOP MONEY TIPS for Swiss Travel
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