How much do Swiss bank accounts cost?

You’ll usually need to pay a fee for your current account in Switzerland. National banks usually charge around CHF 5 a month for standard accounts and up to CHF 15 for premium accounts. If you make cash withdrawals from ATMs managed by other banks, you usually need to pay an additional processing fee.

Is it worth opening a Swiss bank account?

The main benefits of Swiss bank accounts include the low levels of financial risk and high levels of privacy they offer. Furthermore, Swiss law requires that banks have high capital requirements and strong depositor protection, which practically ensures that any deposits will be safe from financial crisis and conflict.

Is it illegal to open a Swiss bank account?

Any individual over the age of 18 is allowed to open a Swiss Bank account. However, the bank has the right to reject a ‘politically exposed’ person or if the bank suspects that the money stems from an illegal activity.

Can I open a Swiss bank account without being in Switzerland?

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.

Can I hold an account in Swiss francs?

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 much does it cost to open a Numbered Account in Switzerland?

Numbered accounts are usually not as easy to open. They typically require that you physically go to the bank in Switzerland. They also typically require an initial deposit of at least $100,000 and cost about $300 per year or more to maintain.

Are ordordinary Swiss bank accounts easy to open for non-residents?

Ordinary Swiss bank accounts are usually associated with high fees for non-residents in Switzerland. However, the process tends to be very simple for residents, although non-residents may face more limitations.