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  #41  
Old 16.03.2010, 08:35
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Re: 1000 CHF notes... who has them?

Coffee at EPFL was (is?) only 1.5 CHF. Once I used a 1000 CHF note to buy a coffee. Funny that the lady there accepted it without raising her head.... 3 months later I had problem with a taxi driver in Paris over a 20 Euro note! He made me walk to a shop to get change!
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  #42  
Old 16.03.2010, 11:05
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Re: 1000 CHF notes... who has them?

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Nope you are wrong. 8.4% of the circulating notes are 1000CHF notes. The 60% is the actual value of all these notes
Yes, wrote too fast in my reply

60% of the value of all circulating notes... Still puzzled

Last edited by kri; 16.03.2010 at 11:22.
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  #43  
Old 16.03.2010, 11:08
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Re: 1000 CHF notes... who has them?

i have never seen one..
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  #44  
Old 16.03.2010, 11:10
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Re: 1000 CHF notes... who has them?

In the old days before ebanking, when we had to go to the post office with our little yellow book, I would often have a stash of 1000s for maybe half an hour.
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  #45  
Old 16.03.2010, 11:15
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Re: 1000 CHF notes... who has them?

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Once i had 18 in one go. For about an hour. I exchanged them with my car after that :P
Same here. I also traded 18 of these for my car.

I also get them from the ATM when we withdraw money from our overseas account to transfer into our CS account. Don't ask, it's a long story.

Brian.
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  #46  
Old 16.03.2010, 11:55
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Re: 1000 CHF notes... who has them?

I worked in a coffe bar and a regular customer used to come and try to pay with a 1000 claiming it was all he had which we could not change, used to pull up with his jaguar and order his wine and stuff , did this quite oftan. Later we found out he did this in other bars too , it was when he was broke and wanted to drink on slate ,he must have been carrying that thousand note round for years.
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  #47  
Old 16.03.2010, 12:15
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Re: 1000 CHF notes... who has them?

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I took 2k out of the cash point at the airport shopping area near the supermarket. Came out in two 1k notes. Couldn't get rid of them until I went to the bank. Even the cashier at Bahnhof Tiefenbrunnen refused to take them.
Wow, that's very unusual, i've never seen an ATM give out 1000 notes since i been here (28 years) and i quite often take amounts upto 5000 out. I would have thought from a security point of view it's unlikely as if you knew where a machine gave 1000 frank notes, it's got to be a target.

All i've used seem to give 20, 50, 100 or 200's
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  #48  
Old 16.03.2010, 12:20
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Re: 1000 CHF notes... who has them?

A week ago I watched a "small" post office counter clerk counting her balance, and she must have had around CHF 100,000 in cash. I wonder if the post uses 1,000 CHF notes for internal transfers?
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  #49  
Old 16.03.2010, 12:59
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Re: 1000 CHF notes... who has them?

I used 20 of them to pay for my car (20,000). I was quite shocked to see them aswell, but bank didnt seem surprised me asking for 20K in cash either.
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  #50  
Old 22.03.2010, 12:14
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Re: 1000 CHF notes... who has them?

Should say, my first and only contact with 1000 CHF notes was when the woman buying our car left 30 of them as a deposit! Insane.
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  #51  
Old 23.03.2010, 15:06
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Re: 1000 CHF notes... who has them?

I was fortunate enough to draw out 500 chf from the credit suisse bank and instead of the 5 * 100 I was expecting the machine gave me 5 * 1000. I of course tried it a few times over with the same result. I was just p'd off I only had a 1500 in my account. Of course next day it wasnt so generous
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  #52  
Old 23.03.2010, 15:14
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Re: 1000 CHF notes... who has them?

Why?.................
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I would have thought from a security point of view it's unlikely as if you knew where a machine gave 1000 frank notes, it's got to be a target.
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  #53  
Old 23.03.2010, 15:21
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Re: 1000 CHF notes... who has them?

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I was fortunate enough to draw out 500 chf from the credit suisse bank and instead of the 5 * 100 I was expecting the machine gave me 5 * 1000. I of course tried it a few times over with the same result. I was just p'd off I only had a 1500 in my account. Of course next day it wasnt so generous
Don't spend it. If they can trace it back to you, they'll ask for the money back. You see, you knew the money wasn't yours, so you can be prosecuted for theft.
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  #54  
Old 23.03.2010, 15:25
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Re: 1000 CHF notes... who has them?

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Why?.................
Because every now and then they do get attacked. There is also the risk of cloned cards and people being kidnapped and forced to use thier card.

If you were a thief, would you go to a machine that gave out Chf 100's or 200's or directly to the machine giving out Chf 1'000's ?

I know where i would go.

If the machine goes wrong and gives out double money or whatever, with 100's, it's not nice but bearable for the bank, with 1000's it's 10 times worse.
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  #55  
Old 23.03.2010, 15:28
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Re: 1000 CHF notes... who has them?

but it's in the airport, how can it be attacked?
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Because every now and then they do get attacked. There is also the risk of cloned cards and people being kidnapped and forced to use thier card.

If you were a thief, would you go to a machine that gave out Chf 100's or 200's or directly to the machine giving out Chf 1'000's ?

I know where i would go.

If the machine goes wrong and gives out double money or whatever, with 100's, it's not nice but bearable for the bank, with 1000's it's 10 times worse.
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  #56  
Old 23.03.2010, 15:32
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Re: 1000 CHF notes... who has them?

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Could not find any studies out there that show who keeps them... Is it organized crime gangs or is it the inflation fearing grandmother that keeps these notes?

K
If the grandmothers were fearing inflation, the last thing they should do would be piling hoards of cash. In some ways, inflation is a tax on cash.

Anyway, 1000 CHF bills are handy when paying a rent deposit or, as some of you already mentioned, are buying a used car. I think Swiss people like cash payments more than Americans, or Scandinavians for that matter..
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  #57  
Old 23.03.2010, 15:43
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Re: 1000 CHF notes... who has them?

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but it's in the airport, how can it be attacked?
Fine can't be attacked easily; cloned cards, forgeries, stealing from people who have taken from the machine, machine mal-function.

ATM machines are relatively standard, 1000 note is not a standard size so the machine needs to be re-jigged for 1000 notes. With an ATM you are usualy limited to the amount that can be withdrawn at any one time, is it Sfr 5'000.-- per card/account ? so the need for 1000 notes is very limited. As people have pointed out that unless you're buying a car, its feasible but not easy to pay with a 1000 note.
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  #58  
Old 23.03.2010, 20:57
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Re: 1000 CHF notes... who has them?

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Wow, that's very unusual, i've never seen an ATM give out 1000 notes since i been here (28 years) and i quite often take amounts upto 5000 out. I would have thought from a security point of view it's unlikely as if you knew where a machine gave 1000 frank notes, it's got to be a target.

All i've used seem to give 20, 50, 100 or 200's
Really, every time I withdraw 1000chf from my US account the Credit Suisse ATM gives me a nice shiny smooth 1K note.

I don't really want to say how many times I have done this but it happens quite often.

Brian.
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  #59  
Old 23.03.2010, 21:02
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Re: 1000 CHF notes... who has them?

on a slightly (completely) different topic, if I walk into my bank branch (CS) can I withdraw cash in other currencies? Is it the same rate at their ATM?
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  #60  
Old 23.03.2010, 21:09
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Re: 1000 CHF notes... who has them?

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on a slightly (completely) different topic, if I walk into my bank branch (CS) can I withdraw cash in other currencies? Is it the same rate at their ATM?
You can withdraw Euros from my CS machine at the going bank rate.
I think you are limited to 50 and 100 euro notes.

Last edited by the_clangers; 29.11.2012 at 04:34.
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