How to open an account in a Swiss bank

To open an account in a Swiss bank is an essential step for anyone planning to live or work in Switzerland. You can start with UBS and Raiffeisen.

Having a bank account makes it easier to receive and manage your finances. It is also necessary for everyday activities, such as paying rent, receiving a salary, or purchasing.

A bank account saves money on ATM fees and simplifies financial management by allowing for easy salary payments and setting up convenient direct debits to pay bills.

All websites linked in this article are in English. Use Google Translate or any other translation app if you need.

How to open an account in a Swiss bank

To open an account in a Swiss bank, you must choose between cantonal banks, private banks, offshore banks, big banks, and cooperatives. To make the best choice, consider the fees charged by the bank, the services provided, and the quality of customer support. These factors will help you choose the right bank for your needs.

To open an account in a Swiss bank, you generally need to follow these steps:

Choose a bank: Search different banks in person or online to find the one that suits your needs.

Gather necessary documents: You may need a valid passport or ID, proof of residency (such as a rental contract or a utility bill), at least 18 years of age, proof of employment, a G permit for cross-border workers, or school enrollment.

Make an appointment: Contact the bank and make an appointment to open an account.

Visit the bank in person: Bring your documents to the appointment and fill out the necessary forms, or you may apply online.

Wait for account activation: After the bank approves your application, they will activate your account.

Can foreigners create a bank account in Switzerland

Non-residents must be 18 years old to open an account in a Swiss bank account. Apart from that, there aren’t many restrictions. There is no restriction preventing Swiss banks from opening accounts for foreigners residing in Switzerland, regardless of citizenship. However, banks are free to determine which types of residency they allow.

So, the most convenient option for non-residents to get a Swiss bank account is through online banks like Wise, Post Finance, and Revolut.

What are the types of bank accounts in Switzerland

In Switzerland, there are several types of bank accounts that individuals and businesses can choose from, including:

Current accounts are basic bank accounts that allow you to deposit and withdraw money daily.

Joint accounts in Switzerland allow two or more people equal access to the account’s funds. All account holders must meet the bank’s requirements and provide identification to open a joint account.

Savings accounts: These accounts provide higher interest rates than current accounts and are designed for people who want to save money over time.

Investment accounts: Choose an investing account if you don’t need the money for two years. Swiss banks provide multi-currency accounts and investment deposits under one account number. As a wise investor, invest in high-value, direct investments.

Numbered accounts in Swiss banks provide an extra layer of privacy and security for account holders who want to keep their identities anonymous.

What documentation needs to create a Swiss bank account

A current passport,

Income origination verification (such as a recent bank statement),

Proof of address—Bring utility bills (gas, electricity, internet, etc.), bank statements, or other official correspondence. No older than three months.

What kind of money does the Swiss use

Switzerland still uses the CHF. Switzerland is not part of the EU, although many prices are listed in euros, so tourists may compare pricing.

Can I open a Swiss bank account online

It is true that you may now create a Swiss bank account online. New customers may begin the account application procedure at several more traditional Swiss banks (such as Raiffeisen) online before visiting a branch.

How to find the nearest branch in Switzerland

Fortunately, most banks in Switzerland have an extensive network of branches and ATMs, making it easy for customers to access their funds and manage their finances.

You can type” banks near Zurich” on Google Maps or any other map app. There you can find a list of relevant branches that you can contact. You can search your area for the nearest branch if you are not in Switzerland. They can help you find a bank in Switzerland.


Source: Wall Street Mojo, Monito

The cover image is somewhere in Walterswil, Switzerland. Photo by Allef Vinicius on Unsplash


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3 responses to “How to open an account in a Swiss bank”

  1. will mosk

    Ik probeer al jaren een zwitsaerse bankrekening te openen maar dat lukt niet!!! Alle andere EU bewoners, Duitsers, belegn etc kunnen dat wel, maar onze regering, zo wordt gezegd, heeft dat verboden. De zwitsers houden zich hieraan.

  2. ..??..Step by step, hvordan går jeg frem, hvor mye koster det å åpne en konto, er det rentefritt..??

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