Currency and Banking
The unit of currency in Switzerland is the Swiss franc, available in notes of 10, 20, 50, 100, 200, and 1,000. Francs are divided into centimes (in Suisse Romande) or rappen (in German Switzerland). There are coins for 5, 10, and 20 centimes. Larger coins are the half-, 1-, 2-, and 5-franc pieces.

Switzerland is not part of the European Union and thus the Euro is not legal tender. However, many places – such as supermarkets and the railways – accept Euro and will give you change in Swiss Francs. Changing some money to Swiss Francs (CHF) is essential.

The approximate value of 1 Swiss Franc (CHF) = 0.79315 US Dollar (USD).

U.S. Banks and Local Correspondent Banks
American Express Bank (Switzerland)
rue du Rhône P.O. Box 3072
CH-1204 Geneva, Switzerland
+41 (22) 319 08 08
www.americanexpress.com

Bank of America NT
rue du Marché P.O. Box 3042
CH-1211 Geneva 3, Switzerland
+41 (22) 318 69 38
www.bankofamerica.com

Bank Morgan Stanley AG
Bahnhofstrasse 92
P.O. Box 6740
CH-8023 Zurich, Switzerland
+41 (0)44 220 91 11
www.morganstanley.com

Citibank (Switzerland)
Seestrasse 25
P.O. Box 3760
CH-8002 Zurich, Switzerland
+41 44 205 71 71
www.citicorp.com

J.P. Morgan (Suisse)
rue de Confédération
P.O. Box 5160
CH-1211 Geneva 11
+41 22 744 11 11
www.jpmorganchase.com

Goldman, Sachs & Co. Bank
Muensterhof 4
CH-8022 Zurich
+41 44 224 10 00
http://www2.goldmansachs.com/worldwide/switzerland/index.html
(Investment bankers)

Merrill Lynch International Inc.
13, route de Florissant
P.O. Box 3070
CH-1211 Geneva 3
+41 22 703 17 17
(Private banking, international asset management, securities trading, fiduciary deposits, offices in Geneva, Zurich and Lugano)