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Open bank account as foreigner in Switzerland

How to open a bank account in Switzerland from abroad: how the procedure works

Opening a Swiss bank account from abroad is possible for non-residents: Swiss banks offer a high level of service and a wide product range, and the procedure runs on a strict document package. What decides the outcome is preparation, not geography.

Opening a bank account in Switzerland for foreigners is possible if the interested person:

  • Is 18 years old and over.
  • Does not have an unexpunged criminal record for financial crimes.
  • Provides full information about themselves and their savings.
  • Not a tax evader.

How it works

01

Choosing a bank in Switzerland

First of all, you need to select the desired bank. At the same time, it is necessary to take into account the reliability of the bank, tariffs and preferences of the bank by customer segments. It is better to apply to several banks at once in order to increase the likelihood of opening an account.

02

Preparation of documents.

It is necessary to prepare the statutory documents of the company, taking into account the requirements for the timing of issuance and the form of certification, personal documents of the company's members, as well as fill out bank forms. An important role is played by competent filling of forms and presentation of information.

03

Filing an application

After preparing all the documents, they must be sent to the bank. During the review process, the bank may send additional questions and requests for documents. They must be answered correctly and in a timely manner. Consideration of the application may be paid, in which case it is necessary to pay when submitting the application.

04

Passing verification

Typically, banks require a visit to their representative office for verification of company representatives. In some cases, verification is possible online.

05

Getting access and details

The bank assigns details to the company and issues access to the account Upon successful opening. In order to fully activate the account, prompt payment of a minimum deposit may be required, from which the account opening fee (if any) may be debited.

JurisdictionSwitzerland
Who can applyNon-residents, remote start possible
What banks checkFull document package, source of funds
Service levelPremium banking, wide product range
Setup costOn request

Free initial consultation on legal issues related to the daily activities of the business

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Frequently Asked Questions:

In order to open a bank account in Switzerland, it is necessary to fill out and submit KYC and AML banking forms, the company's statutory documents and personal documents of directors and beneficiaries. The Bank may additionally request agreements with partners and other information. Key persons need to pass verification for successful account opening.

We select banks taking into account the country of registration of the company, residence of beneficiaries and directors, planned turnover, required currencies and regions of payments. When selecting a bank, its reputation and rates are also taken into account. In order to select the most optimal option for your company, please contact our specialists.

The final cost of opening an account in Swiss banks is influenced by various factors (country of registration of the company, residence of participants, type of activity, etc.). You can find out the exact cost of opening a Swiss bank account for your company by contacting our specialists.

In order to open a bank account in Switzerland, a personal visit to the bank is required. Some banks allow remote verification.

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