Can a non-resident open a Swiss bank account?

Swiss banks are happy to have foreign residents as customers. You can hold an account in Swiss francs or in a range of other world currencies. Each bank will set the minimum deposit amount for opening the account, so you will need to find a bank that will accept the amount of funds you have.

How can I open a Swiss bank account remotely?

It is possible to open a bank account in Switzerland in person or remotely. The requested documents are generally: ID card and proof of residence such as a recent household bill. For accounts opened remotely, a procedure called “Due Diligence” is followed, aimed at authenticating the identity of the account holder.

What is the minimum amount to open a Swiss bank account?

Minimum Balances The bank expects you to deposit at least 10,000 Swiss francs (equivalent to $9,000 or EUR 6,800 or £6,300) within a month of opening the account and maintain this balance for as long as you keep the account. You do not need to make a deposit the day you open the account but it’s a good idea.

Are Swiss bank accounts legal?

The main benefits of Swiss bank accounts include low levels of financial risk and high levels of privacy. Swiss law prevents the bank from disclosing any information regarding an account (even its existence) without the depositor’s permission, except in cases where severe criminal activity is suspected.

How do I set up a Swiss bank account?

The simplest way to open a Swiss bank account is by visiting a bank in person. In general, accounts take from one week up to one month to become active. You won’t usually need to make an appointment to open a bank account. Any requested credit or debit cards can be expected to arrive after a week to 10 days.

Can I open a Swiss bank account as a non-resident?

You can open a Swiss bank account as a non-resident. For example, Credit Suisse non resident account. However, you will need to provide more documents than a resident. You will need to prove that you can pay your bills by providing documents that show details of your income.

Where can I open a bank account in Switzerland?

As a result, if you’re a US citizen looking to open a bank account in Switzerland, we’d recommend that you stick to the major Swiss banks operating from large Swiss cities, such as Zurich, Geneva, and Basel when opening an account, as these organisations will likely be better suited to accommodate you.

What is the best Swiss bank account for foreigners?

Since almost all bank accounts in Switzerland are otherwise associated with high fees for non-residents, neobanks offer the best Swiss bank account for foreigners looking to keep the costs down. For example, with a Wise Multi-Currency Account, you’ll obtain EU banking details that can be used for direct transfers from Switzerland.

Do foreigners with Swiss residence permit have to pay bank fees?

If you are resident in Switzerland, you will not have to pay the additional bank fee which is imposed on foreigners residing outside of Switzerland. But even so, you might find your applications being turned down by many banks, especially if you only have a more basic residence permit.