Frequently Asked Questions:


Q.  What is a Multi-Currency Account? 


A. 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.


Q.  What is a Swiss numbered account?


A.  A 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 revoked.


Q.  Is it possible for me to open a Swiss bank account by Postal Mail even though I may be a non-resident?


A.  Yes, 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.


Q.  Are there 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.


Q.  What type 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 cases.


Q. Who uses Swiss bank accounts?


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.


Q.  What is the most efficient way to open a Swiss bank account?


A.  There are 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.

Q. How can I deposit funds into my Swiss bank securely from my country?


A. 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.


Q. How will I be able to withdraw and use money from my account outside of Switzerland?


A. 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".


Q. Will I be able to conduct regular banking activity even though I may be outside of Switzerland through my non-resident bank account?


A. 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.


Q. 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.


Q. What are the different kinds of accounts I can choose from?


A. 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 Multi-Currency account.


Q.  Are Swiss bank accounts only for millionaire's or big corporations?


A.  Absolutely 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.


Q.  Is it true that Swiss accounts yield no interest?


A.  This 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.

Q.  Are Swiss bank accounts for people involved in criminal activities?

A.  The 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.

Q.  Is it really possible to open a non-resident Swiss bank account by correspondence only?


A.  Yes, 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.


Q.  Are Swiss bank accounts expensive to maintain?


A.  No, 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 apply.


Q.  Are Swiss bank accounts difficult to close?


A.  No, 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.







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