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10.10.2020, 16:03
| Member | | Join Date: Sep 2020 Location: schwyz
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| | Paying non Swiss cash into bank account
I have paid some pounds into my credit Suisse bank before and they charged me a 1% handling fee for just taking the money and crediting my sterling account. Is that normal practise and any way to pay cash without a levy being raised
I have a few thousand dollars at home from travelling. Can I pay them at the counter into my revolut account without any handling fee or am I better just accepting the banks stupid fx rates and changing them to chf
This is hard paper cash not bank transfers
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10.10.2020, 16:34
| Forum Legend | | Join Date: Oct 2014 Location: Nyon
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| | Re: Paying non Swiss cash into bank account
Revolut. Not only do the banks charge fees the exchange rates are not as good as Revolut or TransferWise. Avoid Revolut on the weekends though, better rates during the week.
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10.10.2020, 16:35
|  | Moderately Dutch | | Join Date: May 2011 Location: Zurich
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| | Re: Paying non Swiss cash into bank account | Quote: | |  | | | Revolut. Not only do the banks charge fees the exchange rates are not as good as Revolut or TransferWise. Avoid Revolut on the weekends though, better rates during the week. | | | | | Doesn´t work with cash though. But I highly recommend Revolut as well
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10.10.2020, 22:11
| Member | | Join Date: Sep 2020 Location: schwyz
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| | Re: Paying non Swiss cash into bank account
Thanks but how do I get hard cash in my hands onto revolout?
Is there a post office counter that you can walk into and just pay into an account with no charges ?
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10.10.2020, 22:24
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
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| | Re: Paying non Swiss cash into bank account | Quote: | |  | | | Thanks but how do I get hard cash in my hands onto revolout?
Is there a post office counter that you can walk into and just pay into an account with no charges ? | | | | | No, foreign cash is a pain in the arse, you are paying for a service that is not without risk for the provider.
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10.10.2020, 22:25
|  | Forum Legend | | Join Date: Mar 2008 Location: Wallis
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| | Re: Paying non Swiss cash into bank account | Quote: | |  | | | Thanks but how do I get hard cash in my hands onto revolout?
Is there a post office counter that you can walk into and just pay into an account with no charges ? | | | | | There is no where in Switzerland where you can pay foreign cash in without charges.
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10.10.2020, 22:43
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
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| | Re: Paying non Swiss cash into bank account | Quote: | |  | | | There is no where in Switzerland where you can pay foreign cash in without charges. | | | | | It's the same for getting foreign currency out of a foreign currency account in CH
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11.10.2020, 12:23
| Member | | Join Date: Sep 2020 Location: schwyz
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| | Re: Paying non Swiss cash into bank account
Thanks all - Looks like i will have to accept the banks fx rates as it will be cheaper then cash handling fee and revolut transfer
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11.10.2020, 12:35
| Newbie 1st class | | Join Date: Jul 2020 Location: London
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| | Re: Paying non Swiss cash into bank account
I used transferwise to make the transfer. Small admin fee for transferwise and excellent FX conversion rate
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11.10.2020, 12:37
|  | Moderately Dutch | | Join Date: May 2011 Location: Zurich
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| | Re: Paying non Swiss cash into bank account | Quote: | |  | | | I used transferwise to make the transfer. Small admin fee for transferwise and excellent FX conversion rate | | | | | Does not help much if you have cash on your hands
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11.10.2020, 22:07
| Forum Veteran | | Join Date: Aug 2015 Location: Basel
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| | Re: Paying non Swiss cash into bank account
Yes it's normal practice. I heard Post Finance might not charge a fee but can't be sure.
You could wait until the SNB interferes more with the exchange rate then you might save yourself 1%.
Or sell your dollars to an American moving back home.
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