Which bank will my account be opened with? Home > FAQ > Before you order > Basics > Which bank
We work with a number of top Swiss banks, many of which have
been in operations for over 100 years. Each account corresponds to one or more banks.
You can read about the bank(s) on the "About the bank" section on each
account description page. There are more than 400 banks in Switzerland. Each is different and
specializes in particular type of clients or services. They can be divided in
several groups: - Large universal banks - these are very large Swiss banks offering all sorts of services to
individuals and companies. They offer banking services to international
clients but have some restrictions and minimum balance requirements.
The Premium Swiss bank account is opened with such a bank. - Private banks -
these banks are specialized in managing money for Swiss and international
private clients. There are many such banks, and the minimum balance
requirements are anywhere from fifty thousands Swiss francs to fifteen
millions. Many banks are geared toward a specific geographic area. Knowledge
of the Swiss banking industry is a must before you choose one.
The Swiss numbered account is opened with a private bank.
- Retail banks -
these banks offer retail services (checking accounts, mortgage, payment
services, etc...) with few restrictions. They are smaller than the large
universal banks. Some also offer services to international clients.
The Classic Swiss bank account is opened with such a bank (which also offers
private banking services).
- Swiss postal bank - this is the banking division of the Swiss postal
system. They
have been offering financial services for almost a century.
This is the backbone of the Swiss payment system and the
bank is fully owned by the Swiss federal government.
The Swiss postal account account is opened with this bank.
We work with banks in all categories. Which bank is
right for you depends on many things, such as where you live, how much you
plan to deposit and what you will do with the money. Please visit the account
description pages to read more about each bank and the requirements of each
account. If you have questions, don't hesitate to contact us. |