Opening bank accounts in Switzerland

To open a bank account in Switzerland for an individual online without visiting Switzerland, you need to have a personal meeting with a banker in Ukraine or arrange a video call. This remote client verification procedure allows you to open a Swiss bank account virtually over the Internet. 

The predominant number of Switzerland banks specialize in private banking (Private Banking) and capital (or wealth) management. Therefore, the most cost-effective solution would be to open an account in Switzerland specifically for investment and savings purposes. Deposits and deposits opened in Swiss banks are securely protected, and investment portfolios may not bring decent interest. 

The cost of opening an account in a Switzerland bank is somewhat higher than in other European banks. This is due to the complexity of the compliance procedure for checking potential customers, as well as Swiss tariffs, which are designed for the segment of wealthy customers. It is also worth noting that almost every Swiss bank has requirements for a minimum deposit and a minimum account balance. For non-compliance with these requirements, the bank applies monthly penalty fees. Therefore, before investing in a Switzerland bank, we recommend that you seek the help of lawyers to properly prepare all the necessary documents and clarify the features of the selected bank.

How much does it cost and what is needed to open an account in a Swiss bank for a non-resident, including a citizen of Ukraine, you can find out by choosing a specific bank or ask for a free consultation.