In this article, we’re exploring the best currency to use in Switzerland. We’ll share details on the type of currencies used in Switzerland, including the official currency of Switzerland, whether or not foreign currency is accepted in the country, and answer common questions we receive from people exploring this topic.
This article is part of our free series on Switzerland’s official currency. You can access this series right now by using the link above.
In addition to detailed account opening guides, this free series on Swiss banking also discusses the largest banks in Switzerland, Switzerland’s opening requirements, the costs of banking in Switzerland, and much more. Use the link above to start exploring all of your free Swiss banking content right now.
Alternatively, use the table of contents to continue exploring more information on the best currency to use in Switzerland.
Table of Contents
- What Is the Best Currency to Use in Switzerland?
- Frequently Asked Swiss Banking Questions
- Do You Want to Open a Switzerland Bank Account?
What Is the Best Currency to Use in Switzerland?
The best currency to use in Switzerland is the Swiss Franc (CHF). The Swiss Franc is the official currency and the only legal tender accepted in the country.
Foreign credit cards, of course, are widely accepted in Switzerland. This includes American Express, Mastercard, and Maestro.
It’s important to understand the terms and conditions of using your credit card in Switzerland before doing so, as you can potentially avoid being charged outrageous foreign exchange fees.
Can I Use Foreign Currency in Switzerland?
No, you cannot use foreign currency in Switzerland as Switzerland has its own currency. Certain establishments, including hotels and major tourism operators, do accept euros or other major currencies. However, if you choose to use a foreign currency, it is expected your change will be returned to you in Swiss Francs.
We highly recommend exchanging your money for Swiss Francs, the main currency of Switzerland, before (or upon) arriving in Switzerland. The Swiss Franc can be obtained from currency exchange offices, local banks, and certain large tourist destinations, such as airports and hotels.
If you are interested in learning more about banking in Switzerland, don’t forget to visit our comprehensive guide on banking in Switzerland, available in the link above.
Alternatively, if you would like to explore all of your offshore banking options, download our free guide and compare Switzerland to some of the top banking jurisdictions available.
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Frequently Asked Swiss Banking Questions
Below are a few of the most common questions we receive from people exploring the best way currency to use in Switzerland. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Should I Use Euros or Francs in Switzerland?
The Swiss Francs (CHF) is the official currency of Switzerland. Most establishments in Switzerland only accept Swiss Francs, while some may accept euros. Not all establishments in Switzerland accept euros. The ones that do, are likely to return your change in Swiss Francs.
Does Switzerland Prefer Cash or Card?
Switzerland accepts both cash and card. The option to use either cash or a card is solely up to what you prefer. Swiss Francs are available in both banknotes and coins. It’s important to note that if you choose to use a foreign credit card, you may be charged foreign exchange fees.
Should I Pay in USD or Swiss Francs?
Paying in Swiss Francs is generally recommended when traveling to Switzerland. This is because the Swiss Franc is the official currency of the country. We recommend exchanging your money into Swiss Francs before (or upon) traveling to Switzerland.
Do You Want to Open a Switzerland Bank Account?
If so, you can access GlobalBanks IQ and start the process of applying in Switzerland in a few clicks.
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