What is a Multi-Currency Account?
A multi-currency account is an account
in which you may hold funds, conduct
business, withdraw funds, make purchases
and transfers in multiple currencies
around the world, including U.S.
Dollars, Euros, English Pounds and other
popular currencies. The benefit to
a Multi-Currency account is that you
will be able to diversify your currency
rate risk, rather than putting into just
one currency where fluctuations in price
may take place.
What is a
Swiss numbered account?
Swiss numbered account is a basically a regular Swiss bank account, but
can only be identified by account number which as a result offers the most
privacy of all types of accounts. However, please note, regardless
of which type of Swiss bank account you open at whichever bank in
Switzerland, you can rest assured that they will never reveal your
identity. Even though these are numbered accounts which can
only be identified with the first few digits of the account number, they
are not anonymous.
If by chance a bank
representative does whether purposely or
unintentionally, it is a serious crime
which carries prison time. If
secrecy is lifted by a bank, they could
be seriously fined, have a lawsuit filed
against them or their banking license
Is it possible for me to open a Swiss
bank account by Postal Mail even though
I may be a non-resident?
you may and have every right to do so
regardless of which country you are from
or reside in. Using our featured
guide, you will simply contact any one
of the banks you are interested in
opening an account with, fill out the
short online inquiry or app form for
non-residents, and you will receive a
package by mail. Simply sign the
forms, include a notarized or
authenticated copy of your National ID
or Passport and mail it back to them.
are any minimum account requirements with opening my Swiss bank account?
A. The answer
is no. There are many online consultants and Swiss bank information
providers that say you cannot open a Swiss bank account unless you deposit
a minimum amount of money. This is not the case. Whether you
have hundreds of thousands or just a few hundred dollars, you may open an
account. Each Swiss bank has their own policies regarding
maintaining minimum amounts. Even if there is an account minimum and
you cannot meet it, they might charge you a small monthly fee of $5-$20 a
month at the most.
of documentation do I need to open a Swiss bank account?
A. The only
documents required by Swiss banks to open a non-resident Swiss bank
account is a notarized or authenticated copy of your passport or National
ID. A government issued drivers license will work also in most
Q. Who uses Swiss
A. People who have
Swiss bank accounts come from all over the world and all walks of life,
including expatriates, businessmen, CEO's, individuals and organizations
of all types. Keeping money safe is what is most important to those
looking to open a Swiss bank account and there is no better place to park
one's money than a confidential and highly protected Swiss bank account.
What is the
most efficient way to open a Swiss bank account?
several methods available when looking to open a Swiss bank account.
You can either call the Swiss financial institution directly, send them an
email or fax, or you can submit a short online inquiry or application at
their web site. Each Swiss bank listing in our guide provides the
best means to contact the bank and fill out the application form needed to
get your account open in the quickest manner possible.
Q. Which type of
account should I open?
A. This all depends
on what you're looking to do with the account. There are current and
numbered, along with Student, Individual Non-Resident and Business
accounts from which you can use to conduct transactions from. For
example, if you open a business account, you may be able to trade stocks
and trade Forex direct from your Swiss account online. If you open a
Student account, your account may not offer this.
How can I deposit funds into my Swiss bank
securely from my country?
You will be able to wire money to your
Swiss account direct from your home country, send a Check or Money Order,
or deposit cash directly at Swiss bank branch in your home country.
How will I be able to withdraw and use
money from my account outside of Switzerland?
It will be possible for you to login to
your Swiss bank account online, pay bills, make transfers and issues
checks from any computer you are at. You will also access funds and
make purchases directly from the ATM card that they issue "if desired".
Will I be able to conduct regular banking
activity even though I may be outside of Switzerland through my
non-resident bank account?
Yes, of course. You will be able to
access your Swiss bank account online and conduct transactions as you
would with any other type of bank account in your home country.
How long does it usually take to open a
Swiss bank account?
From initial inquiry to
account opening, the entire process can take as little as 1 business day
to up to two weeks, depending on which Swiss financial institution you're
looking to open an account with. In our guide, you will find a list
of banks that offer expedited account opening in which you could be open
an account within 24 hours.
What are the different kinds of accounts I
can choose from?
The banks and Swiss financial
institutions offer various types of accounts for students, individuals and
companies which offer multiple currencies, investment services, debit and
credit cards, checking and savings accounts all from the Swiss Postal
Are Swiss bank accounts only for
millionaire's or big corporations?
not. In fact, most Swiss bank
accounts are held with just a few
hundred to few thousand dollars.
Some people open Swiss bank accounts to
hide whatever amount money they do have
from business dealings, divorces and
organizations looking to seize their
money. Opening a Swiss bank
account is easy to open which in most
cases will cost you nothing, and is a
great place to keep your money safe.
Is it true that Swiss accounts yield no
couldn't be further from the truth.
You will be able to invest your money
around the world, including investing in
funds from different countries,
International stock markets,
derivatives, and the purchase of raw
materials and metals in additional to
many other types of investments.
Are Swiss bank accounts for people
involved in criminal activities?
vast majority of Swiss bank account
holders are honest people and companies
looking to keep their money in a safe,
stable account in the most confidential
Swiss banking system in the world.
Is it really possible to open a
non-resident Swiss bank account by
in fact the majority of Swiss bank
accounts are opened through postal mail,
fax, email and by phone either by the
account opener or Swiss bank consultant
or firm. As long as you comply
with the Swiss bank account opening
procedures, you will be able to open a
Swiss bank account without any issues.
Are Swiss bank accounts expensive to
in fact, most of them do not charge any
fee at all to maintain an account with
them. The only charges you will
incur is if you overdraft your account
or use your ATM debit or credit card
issued by the Swiss bank. In which
case, typical transaction fees will
Are Swiss bank accounts difficult to
they are actually very easy to close.
If you need to close your account for
any reason, just contact the bank and
they will send you a form to fill out.
You will then send it back, along with a
copy of your ID and they will close it
for you. They are used to dealing
with non-residents and offer
professional services for them.