Can I also enter into a transaction with a same-day value date?
Yes, this is possible taking into account the difference in interest rates. During office hours (from 7:00 a.m. to 6:00 p.m), you can cover account balances with a same-day value date. Under normal circumstances, these transactions show on the account immediately.
Is the same exchange rate always applied?
No, Credit Suisse has different amount categories.
What can I do if I have a temporary shortfall in one currency but have sufficient liquidity in another currency?
With a foreign currency swap (combination of a spot transaction and a forward transaction) you can manage your liquidity efficiently.
Can I place my currency conversion at a desired rate at Credit Suisse?
Yes, for amounts of CHF 250,000 or more, we can monitor limited orders for you. Alternatively, you can also enter a call level, in which case we will inform you during our office hours (from 7:00 a.m. to 6:00 p.m) as soon as the desired rate has been reached.
Why are banknote rates worse than foreign exchange rates?
The purchase and sale of notes always requires a lot of manual work. Notes must be obtained from or returned to the country of origin, which incurs costs for transport and insurance. These amounts are disproportionately significant, particularly in the case of small amounts. Moreover, banknotes do not generate interest.