Best bank in switzerland for personal use

[369]

Can somebody recommend me currently a bank in switzerland for personal use ?

Goal is to have a swiss bank account i can use to connect with my personal broker accounts and use their cc and not be afraid getting closed in a bank crisis.

Also initial deposit should not be high as i perfer to have my money invested in assets and which are claimed on my and not the banks name.

 

[MiltonStone]

Following, can always use an personal account in Switzerland.

 

[JohnnyDoe]

You will only find rubbish banks, if any, with these requirements.

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[369]

i don't need a private bank teling me how much and where i need to invest so they make their money on my personal account.
All is well invested and on my name registered so it can't be saver anymore.
It will be just a banking account which will not have restrictions and limit like the rest of EU banks in a bank crisis so i can hunt for opportunities between markets.
Also opening before switzerland implements the capital restrictions before the masses try to move their funds

Last edited: Sep 13, 2022

 

[JohnnyDoe]

369 said:
i don't need a private bank teling me how much and where i need to invest so they make their money on my personal account.
All is well invested and on my name registered so it can't be saver anymore.
It will be just a banking account which will not have restrictions and limit like the rest of EU banks in a bank crisis so i can hunt for opportunities between markets.
Also opening before switzerland implements the capital restrictions before the masses try to move their funds
Click to expand...

Such a bank for non residents doesn't exist

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[Freeman111]

You can try CIM Banque, don't think the deposit requirement is very high like low 5 digits amount.
Swissquote is a good alternative, Swiss bank + brokers, lots of thread in this forums about it.

 

[MiltonStone]

JohnnyDoe said:
You will only find rubbish banks, if any, with these requirements.
Click to expand...

Wait, what you say is that unless you have 500K and up it's not possible to find a serious bank in Switzerland?

 

[JohnnyDoe]

MiltonStone said:
Wait, what you say is that unless you have 500K and up it's not possible to find a serious bank in Switzerland?
Click to expand...

As a non resident, yes.

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[Martin Everson]

369 said:
Can somebody recommend me currently a bank in switzerland for personal use ?
Click to expand...

Are you willing to make a personal visit to Switzerland?

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[JohnnyDoe]

Martin Everson said:
Are you willing to make a personal visit to Switzerland?
Click to expand...

Post Finance might open an account if you provide some decent reason

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[Martin Everson]

Yeah I was thinking of another Swiss bank that's priced well. But you need also a connection to Switzerland as a reason for opening - from personal experience. Also OP is from Panama his profile says so that pretty much limits most options for cheap Swiss banking 😕.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[sergeylim88]

could the reason for opening acc. in one of those cheaper banks would be the fact that you already have one account in top tier bank(also in switzerland)?
that's some sort of tie with Switzerland, isn't it???

Last edited: Sep 14, 2022

 

[JohnnyDoe]

You could say that you are looking to buy a property nearby. With high street banks it all depends on the employee you find that day. Speaking the language would greatly help.
Maybe also Migros could open the account.

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[sergeylim88]

i didn't mean bank in general, i meant in one of those with lower fees
updated my first post
or, if you are not a resident fees will be high no matter the bank

 

[369]

Martin Everson said:
Are you willing to make a personal visit to Switzerland?
Click to expand...

Yes i will be there anyways at the end of the month

JohnnyDoe said:
Post Finance might open an account if you provide some decent reason
Click to expand...

They declined already in 201x because of non resident when i asked for RE

Martin Everson said:
Yeah I was thinking of another Swiss bank that's priced well. But you need also a connection to Switzerland as a reason for opening - from personal experience. Also OP is from Panama his profile says so that pretty much limits most options for cheap Swiss banking 😕.
Click to expand...

EU

JohnnyDoe said:
You could say that you are looking to buy a property nearby. With high street banks it all depends on the employee you find that day. Speaking the language would greatly help.
Maybe also Migros could open the account.
Click to expand...

Language is not an issue.

Last edited: Sep 14, 2022

 

[rowena]

MiltonStone said:
Wait, what you say is that unless you have 500K and up it's not possible to find a serious bank in Switzerland?
Click to expand...

You can't find a big and reputable bank even with $500K in Switzerland.

 

[JohnnyDoe]

rowena said:
You can't find a big and reputable bank even with $500K in Switzerland.
Click to expand...

Actually you can't find many even with $5m rof/%

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[rowena]

JohnnyDoe said:
Actually you can't find many even with $5m rof/%
Click to expand...

You can open a bank account with UBS and Credit Suisse with $5M. They're the two biggest banks in Switzerland.

 

[MiltonStone]

rowena said:
You can't find a big and reputable bank even with $500K in Switzerland.
Click to expand...

JohnnyDoe said:
Actually you can't find many even with $5m rof/%
Click to expand...

I believe there is going to much talk and personal opinion into this thread!

 

[Fred]

For your mentioned circumstances Swissquote is the only fit.

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