Money in Switzerland: Banks, ATMs, cards & currency exchange
Switzerland is known as both a worldwide banking center and a popular tourist destination. As a European railway hub, the country is easily accessible from...
For watch enthusiasts, few experiences compare to buying a Rolex in Switzerland, its home country. There's something special about acquiring this luxury timepiece on Swiss soil, and you're likely wondering what to expect from the process.
While it's definitely possible to buy a new Rolex watch in Switzerland, there are a few hurdles, especially for Americans.
Namely, you'll likely face a lengthy waitlist, and as of November 2025, there's a 15% tariff on bringing goods from Switzerland back to the US, including watches.¹
Here's everything you need to know about buying a Rolex in Switzerland, what to expect, how much you'll pay, and how to bring your luxury watch back home.
We'll also introduce the Wise account, which allows you to send, spend, and receive your money across the globe in over 40 currencies – all at the fair mid-market rate.
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Yes, you can buy a Rolex in Switzerland, but don't expect to simply stroll into a boutique and walk out with your dream watch that afternoon.
Most popular Rolex models have pretty long waitlists, and depending on which watch you're after, you might be looking at a wait of months or even years.
Here's a snapshot of typical wait times for some of the most sought-after collections:
| Rolex collection | Estimated wait time² |
|---|---|
| Submariner | 4 months to 3 years |
| Cosmograph Daytona | 2 to 5 years |
| Datejust | 3 months to 2 years |
| GMT Master II | 6 months to 4 years |
These aren't official Rolex waitlists that apply to all stores.
Each boutique and authorized dealer maintains its own internal interest list, so it's not like you're guaranteed to get your Rolex after a certain amount of time. It might take longer, or, with a bit of luck, the model you want could become available earlier than expected.
It's a good idea to visit a few different authorized dealers to check their stock and get your name on multiple lists. It doesn't tie you to anything. If a shipment arrives and you change your mind, you can just decide not to buy it.
Not really. All authorized dealers typically have waitlists, and getting a new Rolex anywhere is difficult because demand far outpaces supply for the most popular models.
However, Switzerland holds a special place in the hearts of watch enthusiasts because it's where Rolex was founded.
For many people, the experience of buying a Rolex in Switzerland isn't just about the watch, but about visiting a boutique and going through the steps of the process.
New Rolex watches are only sold through the official Rolex retailers.³ There's no other legitimate channel for buying a brand-new piece.
But if you're looking for ease and speed, you may want to take a look at the secondhand market. If you don't mind buying a secondhand Rolex, there will be immediate availability, often with a wider selection of models.
Yes, every new Rolex comes with a 5-year international guarantee that's valid worldwide.
Before a Rolex leaves the factory, it goes through extensive testing to make sure that it meets the brand's high standards.
When you buy your watch from an official Rolex retailer, they'll complete your guarantee card, date it, and register it with Rolex. This card is your proof of warranty.
| For your guarantee to remain valid, these 3 things must be true: |
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The warranty doesn't cover everything. Normal wear and tear, such as on non-metal bracelets and straps, isn't included. Neither is loss, theft, or damage from misuse.
Also, if you modify your watch by adding non-Rolex components or accessories, you'll void the guarantee.
Rolex prices in Switzerland might start slightly lower than in other countries, but the difference isn't dramatic.
As an American buyer, you can claim a 7.7% VAT (Value-Added Tax) refund on your purchase, which helps.⁵
However, you'll likely face import duties when you bring your new watch back to the US, and as of November 2025, there's a 15% tariff on imports from Switzerland, including watches.¹
On average, Rolex watches cost around 13,000 USD, but there's a huge range of prices. They can go as low as 2,000 USD and as high as 482,000 USD, so it all depends on your budget and the model you're interested in.⁶
Here's a look at pricing across different Rolex collections:
| Rolex collection⁶ | Average price | Price range |
|---|---|---|
| Datejust | 10,000 USD | 3,000 USD to 52,000 USD |
| Submariner | 14,000 USD | 9,000 USD to 158,000 USD |
| GMT-Master II | 18,000 USD | 11,000 USD to 98,000 USD |
| Cosmograph Daytona | 32,000 USD | 6,000 USD to 482,000 USD |
| Oyster Perpetual | 7,000 USD | 2,000 USD to 14,000 USD |
| Day-Date | 35,000 USD | 9,000 USD to 112,000 USD |
| Yacht-Master | 16,000 USD | 5,000 USD to 35,000 USD |
| Sea-Dweller | 13,000 USD | 9,000 USD to 58,000 USD |
| Sky-Dweller | 24,000 USD | 17,000 USD to 60,000 USD |
| Explorer | 8,000 USD | 5,000 USD to 14,000 USD |
| Need to send a large amount? With Wise, you can send up to 1,000,000 USD per wire transfer to 140+ countries — and we automatically apply a discount when you send over 25,000 USD (or equivalent)*. |
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*For more information, please visit https://wise.com/us/large-amounts/.
Keep in mind that these aren't official prices for Rolexes in Switzerland, and within each collection, prices change based on materials (ex: steel, gold, or platinum), complications, and whether the watch features diamonds or other precious stones.
Of course, you must also factor in the cost of traveling to Switzerland, such as your flights and accommodations.
So, you'll likely not save much money or you may even spend more compared to buying locally in the US, but you do get the experience of buying a Rolex in Switzerland, which is priceless for some people.
To buy a new Rolex, you should visit an official Rolex retailer. These are authorized dealers that sell genuine watches, and you'll find them in cities like Zurich and Geneva.
For example, Bucherer is one of the most well-known authorized retailers in Switzerland, with multiple locations throughout the country.
It can be a good idea to visit multiple dealers to compare stock and get your name on multiple waitlists if you’re determined to buy your watch as soon as possible.
Use the store locator on Rolex's official website to find official Rolex retailers near where you'll be staying in Switzerland.
Stop by in person to browse the current inventory and discuss which model you're interested in. You'll likely need to get on a waitlist, but bring your passport with you just in case you're in luck and there's a Rolex at the store that you can buy right away.
If your desired watch isn't in stock, ask to be added to their interest list. For most people, it'll take months or even years to get their hands on their dream watch.
If you're lucky enough to find your watch available, complete the purchase. The retailer will fill out your international Rolex warranty and provide you with VAT refund documentation.
At the airport, when you leave Switzerland, show your watch, receipt, and refund forms at the customs desk before checking in. They'll validate your documents, and you can collect your 7.7% VAT refund.⁵
Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees from 0.41%*.
Open a free personal Wise account online or in the Wise app, and order a linked multi-currency card for spending and withdrawals in 145+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about.
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Once you arrive back in the US, you're required by law to declare your Rolex at customs. Normally, you'd pay a standard duty rate on your import depending on the materials of your watch and its value.
However, the US government imposed a 15% tariff on imports from Switzerland in November 2025. This tariff applies to everyone, including regular travelers and US citizens who bought a Rolex while abroad.¹
With such a rate, your Swiss Rolex purchase can become much more expensive than you planned.
Buying a Rolex in Switzerland is a unique experience, but it means dealing with some costly extras.
In addition to the tariff, currency exchange rate markups from credit cards and bank transfers can add hundreds or even thousands of dollars to your final cost.¹
Banks and credit card companies typically add a margin on top of the mid-market exchange rate, sometimes 3% to 5% or more. This turns into a hefty amount on a luxury purchase like a Rolex.
But there's another way to pay for your new watch: Wise.
With Wise, you can send secure and trackable large amount transfers to 140+ countries worldwide with transparent fees and the fair mid-market exchange rate.
Have a look at the main benefits for using Wise to send large transfers:
Sources
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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