Do I Need To Be Physically Present In Switzerland To open An Bank Account?
No. It is possible to open an account with most of the bigger brands without being in Switzerland, however these banks will require a minimum deposit for this that can go from 100.000 chf up to 500.000 chf.
If this is out of your possibilities, e-banking can be another option as some banks let you open an account online by filling a form on their websites.
Are there specific nationalities that can not open an account?
Restrictions regarding nationalities vary from bank to bank and depend on the current political situation.
There might be political embargos that reflect restrictions - this is now the case of Russia and Iraq for example - or politically exposed people that will not be accepted.
For us citizens there is now the chance to open legal fully fatca (foreign account tax compliance act) compliant bank accounts in Switzerland.
How safe is my money in Switzerland?
Some banks known as “kantonal banks” - postfinance, zurcher kantonal bank - have a state guarantee in all accounts of up to 100.000 chf. This means that Switzerland as a state guarantees you that sum.
Bigger banks like UBS or Credit Suisse are considered to be “too big to fall” during an economic crisis so your deposits are more than safe here.
Contact us
Having any question? In doubt and need clarification. Feel free to contact us through the following and talk to our professionals:
Email: tannetinfo@gmail.com
Tel: +603-21418909
Wechat:13530066130
Whatsapp: +6019-3090991