UBS banknote buy rate

Banks, Insurances & Third Pillar
1

I am trying to understand what exactly is the markup used for UBS Banknote buy rate

If I have banknotes (in USD) and I want to deposit this amount in my CHF bank account, it seems UBS charge no fees but they charge UBS banknote buy rate to make conversion and I think that’s how they make their profit. I tried to find banknote buy rate online but couldn’t find it.

Any pointers?

In addition, would you recommend using Banks or its better to exchange USD —> CHF using private vendors like Ria exchange in Zurich?

Unfortunately the fintech banks with multi currency accounts don’t offer cash deposits of banknotes.

2

Last time I bought Foreign cash, Coop Depositenkasse was the best place. I had to call to get a rate and I don’t know if they also buy foreign money

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