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  #21  
Old 01.04.2021, 15:16
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Re: Paying non Swiss cash into bank account

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Iíll never understand why people want to travel with a heap of cash??
If you've ever been in the situation of having all your credit cards blocked while traveling or been in a country during a coup, or in a country where the power system has gone down, you need to pay the hotel and get to the airport but they won't let you leave till the bill is settled, you'll understand why! All three have happened to me which is why I always carry enough cash with me to cover this eventuality.

As to Revolut, you can't pay cash onto a Revolut account, it has to be done via a bank or credit card transfer.
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  #22  
Old 01.04.2021, 15:20
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Re: Paying non Swiss cash into bank account

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Not true - I regularly pay USD cash into my UBS account (also in USD).

Then, you transfer from UBS (USD) to CurrencyFair, swap to whatever currency you want, and transfer wherever you want
Cash means notes and coins.

cash
/kaʃ/
noun: cash

money in coins or notes, as distinct from cheques, money orders, or credit.
"the staff were paid in cash"
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  #23  
Old 01.04.2021, 15:31
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Re: Paying non Swiss cash into bank account

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As to Revolut, you can't pay cash onto a Revolut account, it has to be done via a bank or credit card transfer.
Well should be incredibly easy if you live and have a bank account in the country of the currency, which wouldn't be an unreasonable scenario for the OP.

Sure you can't scan notes onto the app but I believe you can put cash onto revolut in some places if you go to a bank or post office with it and give them the revolut bank account number, similar to what you'd do if you're paying a bill with cash. You don't then need to have your own bank account.
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  #24  
Old 01.04.2021, 16:38
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Re: Paying non Swiss cash into bank account

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I’ll never understand why people want to travel with a heap of cash??
Some countries don't allow you to use credit or debit cards, other regions don't have ATMs... I often work with clients in Africa, and it's entirely a cash-based economy. All staff are paid cash. The company has a bank account, but it's pretty useless as the bank doesn't allow outbound international transfers.

Due to monetary stability (or lack thereof), larger transactions are done in USD or EUR rather than local currency.


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Cash means notes and coins.

cash
/kaʃ/
noun: cash

money in coins or notes, as distinct from cheques, money orders, or credit.
"the staff were paid in cash"
Yes, that's exactly what I meant. The key part of my message is: "I regularly pay USD cash into my UBS account (also in USD). Then..."

This is the process: you walk into pretty much any UBS branch, put your debit card into the reader and hand over the cash. They count it, and print a statement saying the cash was deposited...

Then, from your UBS USD account, you can transfer it anywhere you want, including currencyfair.
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  #25  
Old 01.04.2021, 17:21
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Re: Paying non Swiss cash into bank account

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Yes, that's exactly what I meant. The key part of my message is: "I regularly pay USD cash into my UBS account (also in USD). Then..."

This is the process: you walk into pretty much any UBS branch, put your debit card into the reader and hand over the cash. They count it, and print a statement saying the cash was deposited...
All for free? Did you get some special package for this?

Cash deposits at UBS counter
ē EUR, USD, GBP into account of the same currency
2% of the amount, up to an equivalent of CHF 1,000 1% for larger amounts, up to an equivalent of CHF 50,000
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  #26  
Old 05.04.2021, 07:46
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Re: Paying non Swiss cash into bank account

No special package that I am aware of... haven't been charged so far... I deposit my non-Swiss salary (paid cash) into that account...
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  #27  
Old 05.04.2021, 09:02
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Re: Paying non Swiss cash into bank account

How can this be possible. Ubs charges 2% or 1% if larger than 10k I believe.

Either way there is always a fee
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  #28  
Old 05.04.2021, 09:32
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Re: Paying non Swiss cash into bank account

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How can this be possible. Ubs charges 2% or 1% if larger than 10k I believe.

Either way there is always a fee
Because they have very little need for foreign cash as cash. How many people actually take much cash on holiday now? Revolout is so much better for small transactions.
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  #29  
Old 05.04.2021, 20:54
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Re: Paying non Swiss cash into bank account

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How can this be possible.
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Because they have very little need for foreign cash as cash. How many people actually take much cash on holiday now? Revolout is so much better for small transactions.
She means how can it be possible to be free of charge as spinal claims it to be in his/her case.
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