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Old 28.04.2021, 13:26
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Recall of Swiss banknotes from eighth series

The Swiss National Bank issued this press release today:


«Recall of banknotes from eighth series


The Swiss National Bank is recalling its eighth-series banknotes as of 30 April 2021.

From this date on, the banknotes from the eighth series lose their status as legal tender and can no longer be used for payment purposes.
This does not apply to the public cash offices of the Confederation (SBB/CFF, Swiss Post), which will continue to accept eighth-series banknotes until 30 October 2021.

Due to the revocation of the statutory exchange period on 1 January 2020, the banknotes can, for an unlimited period of time, be exchanged at the SNB counters in Berne and Zurich or at an SNB agency.
Further information is available on the SNB website.»


https://www.snb.ch/en/mmr/reference/...0210428.en.pdf


Pictures of the recalled banknotes are at this SNB link:


https://www.snb.ch/en/iabout/cash/se...sign_principle
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Old 28.04.2021, 13:45
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Re: Recall of Swiss banknotes from eighth series

Ahhhhh, the old bills. Nothing wrong with the new bills.
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Old 28.04.2021, 14:13
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Re: Recall of Swiss banknotes from eighth series

Crap, they are not that old just yet!

Will have to chase down various bills I have around then.
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Old 28.04.2021, 14:14
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Re: Recall of Swiss banknotes from eighth series

Can a consumer refuse to accept the old notes in change?
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Old 28.04.2021, 14:17
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Re: Recall of Swiss banknotes from eighth series

Still have a few 10 Franc notes from the 6th series because of their serial number, will never part with them.

But will share this info with darling MIL, thanks Mulhollander for sharing it.
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Old 28.04.2021, 14:18
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Re: Recall of Swiss banknotes from eighth series

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Can a consumer refuse to accept the old notes in change?
"The Swiss National Bank is recalling its eighth-series banknotes as of 30 April 2021.

From this date on, the banknotes from the eighth series lose their status as legal tender and can no longer be used for payment purposes."

Tom
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Old 28.04.2021, 14:59
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Re: Recall of Swiss banknotes from eighth series

I meant before Friday the 30th!
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Old 28.04.2021, 15:21
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Re: Recall of Swiss banknotes from eighth series

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I meant before Friday the 30th!
In principle they are legal tender so you can't refuse them, but I can't imagine any shop trying to force you to take them unless they have no alternative.
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Old 28.04.2021, 15:36
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Re: Recall of Swiss banknotes from eighth series

I feel I can provide some help,
I will come to you to collect any unwanted banknotes.
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Old 28.04.2021, 21:48
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Re: Recall of Swiss banknotes from eighth series

A couple of years back I took an old CHF50 note my FIL found into the SNB in Zürich. Having found the door to get in (the most difficult part of the task!) the teller checked it was real and gave me a new one. Very easy!
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Old 28.04.2021, 23:19
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Re: Recall of Swiss banknotes from eighth series

I didn’t realize Switzerland had the concept of legal tender .

In other words , you are not legally obliged to accept a payment , regardless of the notes being offered .

At least this is what a Swiss friend who works in a bank tells me .
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Old 29.04.2021, 08:48
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Re: Recall of Swiss banknotes from eighth series

Actually, you are legally obliged to accept payment in coins (up to 100 coins) and banknotes (unless you contractually agreed that payment needs to be made by bank transfer)...
There is law for that...
https://www.fedlex.admin.ch/eli/cc/2000/186/de
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Old 29.04.2021, 09:09
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Re: Recall of Swiss banknotes from eighth series

Why only a few days notice?
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Old 29.04.2021, 09:52
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Re: Recall of Swiss banknotes from eighth series

To be fair the SNB already communicated that it would be doing so already in 2020:
https://www.swissinfo.ch/ger/nationa...rkehr/45762524

But it does appear a bit short notice (but presumably they wanted to have it done in time with their general assembly meeting).
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Old 29.04.2021, 10:10
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Recall of eighth series of Swiss banknotes

Can anybody please advise how can you tell which banknotes are from the eighth series (as opposed to other series)? One press release seems to suggest that all banknotes with the portrait of a certain person will be recalled, which I find odd, since I would think that the portrait does not change with each series. Thank you.
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Old 29.04.2021, 10:15
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Re: Recall of eighth series of Swiss banknotes

https://www.englishforum.ch/finance-...th-series.html
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Old 29.04.2021, 10:39
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Re: Recall of Swiss banknotes from eighth series

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Actually, you are legally obliged to accept payment in coins (up to 100 coins) and banknotes (unless you contractually agreed that payment needs to be made by bank transfer)...
There is law for that...
https://www.fedlex.admin.ch/eli/cc/2000/186/de
But that's not the definition of legal tender.

Legal tender means that you can repay any debt using legal tender at any time and the lender cannot refuse.

Legal tender has nothing to do with the payment of goods or services.

In Switzerland whether or not you can theoretically repay your mortgage with a wheelbarrow of cash is up to the leniency of your bank, not to the law.

In fact with anti money laundering regulations, there may be limits to how much cash you can use at once without proving its provenance.
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Old 29.04.2021, 11:13
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Re: Recall of eighth series of Swiss banknotes

The current notes are plastic, the old notes are paper.
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Old 29.04.2021, 13:11
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Re: Recall of eighth series of Swiss banknotes

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The current notes are plastic, the old notes are paper.
Note really - the new notes are a laminate which includes plastic, but the outer bit that you feel is paper:

https://www.landqart.com/en/products/durasafe

Compared to full plastic ones they feel very different.
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Old 29.04.2021, 13:13
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Re: Recall of Swiss banknotes from eighth series

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But that's not the definition of legal tender.

Legal tender means that you can repay any debt using legal tender at any time and the lender cannot refuse.

Legal tender has nothing to do with the payment of goods or services.

In Switzerland whether or not you can theoretically repay your mortgage with a wheelbarrow of cash is up to the leniency of your bank, not to the law.

In fact with anti money laundering regulations, there may be limits to how much cash you can use at once without proving its provenance.
Huh?

Payment of a debt is exactly the same as paying for goods and services.

Take goods / services --> incur a debt --> pay the debt
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