Reka Money in Switzerland FAQ

1. What is Reka money?

Reka money is a voucher system maintained by the Swiss Travel Fund (Reka) cooperative. With over 6000 acceptance points and approximately half a million active users, Reka money is one of Switzerland’s most popular alternative currencies.

There are three kinds of Reka money: Reka Pay, Reka Rail and Reka Lunch.

2. What is Reka Pay?

Reka Pay is a proprietary alternative currency. Each Reka Pay unit has a face value equal to that of one Swiss franc. Reka Pay can be held in a Reka account, with the linked Reka card being used for payments.

3. What is Reka Rail?

Reka Rail is an alternative currency which is primarily accepted by Swiss public transportation. Your Reka Pay units are kept in a virtual account, and you can spend them using the linked Reka card.

4. What is Reka Lunch?

Some employers offer Reka Lunch as an employee benefit. Reka Lunch credits you receive from your employer are exempt from income tax and mandatory contributions, up to a limit of a 180 francs worth of Reka Lunch per month.

More than 3500 locations accept Reka Lunch as payment. In addition to restaurants, these also include many canteens, bakeries, and cafes. 

5. What is a Reka card?

The Reka card is a debit card that is linked to a personal Reka account. You can use it to pay at POS terminals of Reka partner merchants.

You can spend Reka Pay, Reka Rail and Reka Lunch with a single Reka card. You can get supplementary Reka cards for your partner and children (child cards have a 200-franc monthly spending limit).

6. What is a Reka account?

When you get a Reka card you also get a personal Reka account. This is similar to a bank account but is denominated by Reka money. You can hold Reka Pay, Reka Rail and Reka Lunch in one account, with sub-accounts for each.

You can access your account via the web portal (formerly Rekanet).

You can load your Reka account by bank transfer, QR-bill, or at Coop supermarkets.

7. What does using Reka cost?

When you get the Reka card at an eligible Coop supermarket, you pay an annual fee of 6 francs for the account and card. The annual fee for the first year is reimbursed after you complete the online registration.

If you sign up for the Reka card through your employer or an association, the annual fee can be as high as 15 francs. Many employers and associations cover all or part of the annual fees for you.

You pay an extra 2 francs per year for each additional sub-account (per type of Reka money). The annual fee for supplementary Reka cards, including children's cards, is 6 francs per year.

Additionally, you pay 2.50 francs per monthly statement including postage. But you can disable physical statements to avoid this cost.

It is also worth noting that merchants pay Reka relatively high merchant fees to accept Reka money payments (1.5 percent for Reka Lunch, 2.5 percent for Reka Rail, and 3 percent for Reka Pay and Reka Rail). Reka justifies these fees by citing its promotion of partners to Reka users.

8. Where can I get Reka money?

You can buy Reka money directly from Reka with a 2 percent discount on its face value. Coop Supercard loyalty program members can buy Reka Pay at a 3 percent discount at Coop customer service desks.

Around 5000 Swiss employers offer their employees discounted Reka Pay. The discounts can be as high as 20 precent off the face value. Employers either load employee Reka accounts directly or give employees the option of ordering discounted Reka money.

Up to 600 francs of discounts on Reka Pay per year are exempt from social security contributions and income tax. Example: If you were to buy 1000 francs of Reka Pay from your employer with a 20-percent discount, the 200-franc discount would not count as income because it is below the 600-franc exemption.

Some industry associations and labor unions offer discounted Reka checks as a member benefit.

Some employers give employees Reka Pay outright as bonuses. Reka Pay bonuses worth up to 500 francs do not have to be declared as income.

9. Where can I pay with Reka money?

You can make purchases using Reka Pay (notes or card) at full face value at over 6000 locations in Switzerland. These include all SBB/CFF ticket vending machines and all public transportation offices. You can pay with Reka Pay at the pump or till at BP, Avia and Coop Pronto gas stations. Many Swiss travel agencies, hotels and leisure facilities accept Reka Pay – as do a number of restaurants and take-aways.

Reka Lunch (card only) is accepted at over 3500 restaurants, bakeries and take-aways in Switzerland.

Reka Rail (notes or card) is accepted at face value at more than 1300 locations in Switzerland – primarily by public transportation providers. Important: Nearly all Reka Rail acceptance points also accept Reka Pay.

A handful of Swiss merchants – including the Swiss federal railway (SBB/CFF) and the BLS railway – accept online payments with the Reka card.

You can easily find all merchants which accept Reka as payment using the acceptance point locator on the Reka website.

10. Is Reka money guaranteed?

Reka account balances are guaranteed up to 3000 francs per person and 36.5 million francs for all account holders combined. The guarantee is currently provided by UBS.

11. What are the advantages of Reka money?

The primary advantage of Reka money is that you can buy it at discounts on its face value. You save the difference between the price you pay for Reka money and its face value. Even the basic 2 percent discount for direct purchases from Reka is nearly twice as high as the cash back you earn with the most favorable Swiss cash back credit cards currently available.

12. What are the disadvantages of Reka money?

• The biggest disadvantage of Reka money is that it is only accepted in Switzerland and only by a limited number of merchants.
• Reka does not exchange Reka money back into Swiss francs.

13. Verdict

Using Reka money is a simple way to save a minimum of 2 percent on public transportation and on some travel and hospitality purchases in Switzerland.

It is important to compare prices charged by Reka partner merchants with those of non-partners. If other merchants charge less, you may save more by paying in Swiss francs (with a cash back credit card, for example).

More on this topic:
Swiss credit card comparison (including cash back credit cards)
How to save on gas in Switzerland
How to save on transportation in Switzerland
Guide to saving on hotel stays in Switzerland
Guide to saving on ski trips in Switzerland
Guide to saving on restaurant dining in Switzerland
Swiss alternative currency guide