How important is it to obtain Swiss Francs before arriving in Switzerland?
I am going on a Topdeck European bus tour that is passing through 20 countries. During the trip, we pass through many countries that don't use the Euro, such as Poland - which uses the Zloty or the Czech Republic, which uses the Koruna. The tour information recommends changing some money into Euros and Swiss Francs before we go. Is there any reason why it might be particularly important to obtain Swiss Francs? Are ATMs particularly rare or are in country exchange rates particularly bad?
Best Answer
ATM's in Switzerland are really really widespread. You won't have any problems to find one. Each village has at least one or two, even in very remote areas. In cities you don't have to walk more than a few hundred meters to find one.
Additionally, it is possible to pay with your credit, maestro, visa or almost every other card almost in every store. Even if you only buy small items for 1 franks or so, it is most often possible to buy with a card. In restaurants this is a little bit different. There the minimum value is around 20 franks most time.
In every major city, in every tourist village and in really every big store you can also pay with Euro in cash. However this is not recommended because the exchange rate then is very bad. But in a case of emergency this can be an option. However, be aware that you're exchange money will be in Swiss franks.
You can also change Euros to Swiss Franks in every Post office. But be aware, post office also keep a huge fee when exchanging money.
So in general the best option is either to buy with card or just withdraw cash from an ATM.
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Do I need to bring cash to Switzerland?
Switzerland has a modern banking economy \u2014 it is their primary industry \u2014 so you won't need lots of cash on your travels. If your card has a chip you'll be able to make contactless payments.Why is Swiss franc important?
Key Takeaways. The Swiss franc has long been considered a stable currency in the global economy. Switzerland's political and financial stability, its high degree of transparency in reporting financial information, and low bank interest rates have made it attractive for foreign investment.Should I buy Swiss francs?
Key TakeawaysThe Swiss franc is considered a safe-haven currency, given the stability of the Swiss government and its financial system. As a result, many investors and traders seek out the Swiss franc. Investors have many ways to access the CHF, including via forex markets, ETFs, and derivatives products.Is it better to exchange money in Switzerland?
As a rule, if you want to buy currencies other than British pounds, US dollars and euros, you will often get a better rate outside of Switzerland. Swiss banks typically use a less-favorable "banknote rate" for cash exchanges and a more-favorable "forex rate" for ATM withdrawals outside of Switzerland.TOP MONEY TIPS for Swiss Travel
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Answer 2
I usually stop at the first ATM in a new country and draw some money. Which is never a problem (at least in Europe), when you arrive at airports or train stations.
Only if I know I will need cash, before there's a chance to find an ATM (e.g. road toll, when entering the country by car) I change some money in advance.
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