I went to bank today to put CHF in my account in a Polish bank and they said that this banknote is not acceptable to be deposited in our bank! However, it is acceptable inside Switzerland itself. Can anybody let me know whether this type is used in Switzerland?
This note belongs to the 8th series of banknotes. They are no longer legal tender, so banks do not have to accept them.
The eighth banknote series was issued between 1995 and 1998.
These banknotes were recalled as of 30 April 2021 and are thus no longer legal tender. They can be exchanged for an unlimited period of time at the Swiss National Bank at full nominal value.
The 8th series bills are no longer legal tender as other answers have said.
They are still accepted by federal public institutions for payment (SBB/CFF/FFS and post offices) until October 30, 2021.
Many if not all banks offer to exchange or deposit the bills for their clients.
The central bank, Swiss National Bank, will exchange recalled bills, without fee or deadline, at its offices and designated institutions for anyone (subject to money laundering checks). You can find a list of offices and agencies here (including other instructions).
If you are unable to travel to Switzerland or an SNB agency, you can also mail bills to the SNB office and they will deposit the amount in your bank account, which does not have to be a Swiss one (but your bank may levy incoming wire fees). Of course, you should probably send it registered and insure the amount (at your own cost) if your country’s postal service allows it.
Businesses in Switzerland are no longer obligated to accept them, and many have already decided to no longer process them, e.g. poster taken at KFC:
("The 8th-series bills are no longer valid from 30 April 2021. Only CFF (Swiss Federal Railways) and the Swiss Post accept them. The National Bank exchanges them for new bills of equal value.")
For smaller shops and restaurants for whom the cost of cash processing is comparatively insignificant, they may still accept it.
Advice from inside Switzerland for those who want to save a trip to a bank if you don't have "enough" to make it worthwhile to go get "rid" of.
I had around 300 worth of CHF in 10s and 20s and noticed that old notes are accepted by parking and ticket machines, so if you are a train commuter that's where I would offload them. Also, I paid with some of the old notes in local restaurants they didn't seem to care.
I did get the old notes rejected (that's how I was first made aware of the issue) at the local supermarkets (Migros or Aldi I think).
Ofc the most appropriate solution would be to just go to the bank.
Heres a list:
APPENZELL Appenzeller Kantonalbank Bankgasse 2 CH-9050 Appenzell +41 71 788 88 88
CHUR Graubündner Kantonalbank Postplatz CH-7001 Chur +41 81 256 91 11
FRIBOURG Banque Cantonale de Fribourg Bd de Pérolles 1 CH-1700 Fribourg +41 848 223 223
GENEVA Banque Cantonale de Genève Quai de l’Ile 17 CH-1211 Geneva +41 58 211 21 00
GLARUS Glarner Kantonalbank Hauptstrasse 21 CH-8750 Glarus +41 844 773 773
LIESTAL Basellandschaftliche Kantonalbank Rheinstrasse 7 CH-4410 Liestal +41 61 925 94 94
LUCERNE Luzerner Kantonalbank Pilatusstrasse 12 CH-6002 Lucerne +41 844 822 811
SARNEN Obwaldner Kantonalbank Rütistrasse 8 CH-6060 Sarnen +41 41 666 22 11
SCHAFFHAUSEN Schaffhauser Kantonalbank Vorstadt 53 CH-8200 Schaffhausen +41 52 635 22 22
SCHWYZ Schwyzer Kantonalbank Bahnhofstrasse 3 CH-6430 Schwyz +41 58 800 20 20
SION Banque Cantonale du Valais Rue des Cèdres 8 CH-1950 Sion +41 848 765 765
STANS Nidwaldner Kantonalbank Stansstaderstrasse 54 CH-6370 Stans +41 41 619 22 22
ZUG Zuger Kantonalbank Bahnhofstrasse 1 CH-6300 Zug +41 41 709 11 11
From outside of Switzerland you can mail them to
Swiss National Bank Cashier’s Office, West Bundesplatz 1 CH-3003 Berne
Don't forget to attach:
Address (full last name, first name, full address including country)
IBAN of the account in your name
SWIFT BIC, name, and full address of the bank where the account is held
That's an eighth series banknote, which was replaced by the ninth series only in September 2019, so
yes, it's legal tender and would be widely accepted in Switzerland as of 30 April 2021, they're no longer legal tender!
I would suggest trying another bank or money changer in Poland, although you may have a hard time.
Thanks to all,
This is the answer to my question from swiss bank:
The Swiss National Bank was 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.
Banknotes from the eight series can be exchanged for an unlimited period of time at any cash office of the Swiss National Bank Counters in Berne and Zurich or at an SNB agency (these are all located in Switzerland) at full nominal value.
For further information on exchanging notes and coins, as well as a list of our cash offices, please consult our ‘Instruction sheet on exchanging recalled banknotes’, available at: www.snb.ch/en/mmr/reference/instr_recalled_notes/source.
Please do not hesitate to contact us again if you have further questions.
Yours sincerely, XXX