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The cash is in Switzerland an unexpected Comeback

It is a drastic is a process, and if the Bank branch disappears or the last ATM in the village is mined. However, the Figures from the banks show a clear Trend: The Swiss refer less and less to cash – whether at the counter or at the ATM. Therefore, the branches and ATMs of many banks are too expensive and disappear.

So, the number of transactions decreased, for example, in the case of the cantonal Bank of Zurich since 2005, the switch to 60 per cent. For a time there was a shift to the ATMs. However, it is also lifted there is less and less cash. In the case of Raiffeisen, it is this: cash advances are generally on the decline, while cash increase payments. In the case of a large Bank, the number of cash withdrawals declined in the last four years to 20 percent. It's a similar sound in the case of several other banks. The payment card is displaced so the cash – in Switzerland.

New database

This decline is reflected also in the statistics of the Swiss national Bank (SNB). Compared to the same month last year, the number of cash withdrawals declined at Swiss ATMs in the last few years, in some cases by more than 10 percent. For some months the statistics shows but a surprising reversal of the trend. It has to do with the new series of banknotes, which was introduced in the last few months, or have a cushion of the Bank's customers from the negative interest rates fear, and hoarding more cash, taking the head?

According to an SNB spokesman for the reason for this is simple: The basis for the Survey has changed. For domestic Maestro payment cards at the cash, the data covers domestic included from 2018, not only to non-Bank ATM transactions, but also the remuneration to the Bank's own ATMs.

Behind the rapid increase in no sudden change in behaviour. The new data show, however, that the Swiss are the cash much more faithful than previously known. Now draw a more realistic picture. Because of the fees for withdrawals at ATMs of other institutions, many Swiss are likely to prefer to use a ATM of your Bank, the data should now be closer to reality. It therefore fits well into the picture that the Migros Bank, according to a spokesman, an increase in cash withdrawals at the cash desks of the shops in the Migros group.

Because the majority of the SNB recorded cash withdrawals with domestic debit cards. It is Maestro, Postfinance or V-Pay cards. Only a very small part is lifted with foreign payment cards or credit cards. At least a small part of the increase, according to the SNB data is also explained by the fact that per cash withdrawals in the last few months, more and more money has been lifted. In December 2017, was it per reference, an average of 230 Swiss francs, in December of last year the amount was 234 francs.

The note circulation rises

How true the Swiss are the cash, also shows a different value: the significant increase in the note circulation. This is not only in the case of the controversial 1000-franc Note, but also in the smaller denominations. Approximately the popular 100:

The cash has been so in Switzerland, remains of great importance. This shows a recently published survey, the Internet comparison service Comparis. For 38 percent of the Swiss, the debit card was the most common means of payment. The cash follows in this ranking with 36 percent on the 2. Place. The Pay by mobile phone plays in Germany hardly yet a role. The proportion of Smartphone-induced payments is, according to the study, 1 to 2 percent.

In Germany, made a few days ago, a study conducted by the trade research Institute EHI. In the last year has been paid in the case of our Northern neighbors at the cash register for the first time, more often with a card than with cash. As particularly progressive Sweden is. The national Payment App Swish has become within a few years, a large share of the market. There is even the smallest sums are paid with the card, and even in coffee shops or at a Kiosk is hardly accepted cash. (

Created: 14.05.2019, 15:14 PM

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