I'm going to Switzerland from the UK. Is is better to get my Swiss francs when I get there from an ATM and pay by credit card or should I get some currency before I go.
Definitely from an ATM at the airport on arrival. (If flying of course!) Otherwise from an ATM at the station.
You can use Visa, Mastercard all over Switzerland. Some merchants require a purchase of 20frs or more to use them so having a little cash helps. But don't get CHF in the UK. The commissions charged there will make this very expensive. Just bring your home bank card and withdraw money as you need it from your home GBP account.
It’s not the commission charged that makes it expensive, it’s the poor exchange rate. Almost everywhere in the UK claims to be “commission free” but of course it’s just wrapped up in a bad exchange rate. Amazing that it is still allowed to advertise like that - but don’t believe that commission is the cost to avoid.Edited: May 23, 2018, 3:58 pm
So - whatever they call it, changing money in the UK is not a great idea!
Well exchanging physical cash anywhere really. The UK is pretty advanced in marketing multi currency card links to an app etc. And my UK bank is generally less greedy in exchange rate than by Cantonal Swiss bank. The problem is that the bank apply a rate at the time the transaction hits your account. So you never know exactly what it will be. But it will be cheaper than almost all the options where you are offered “certainty”. It’s this issue and associated fear that is exploited by dynamic currency conversion, and bureau de change.Edited: May 23, 2018, 4:15 pm
Thanks for your help it's much appreciated.