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Old 04.09.2012, 17:12
SwissPinoy SwissPinoy is offline
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Re: Coming from US: Is a swiss bank account necessary for daily life?

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I did hear something to that effect, but I'm was hoping that since I would have a visa and a residence card it might be easier (assuming that I decided to get one of course). Perhaps this is a totally seperate topic, but is that also true for "residents" from the US?
Please attempt to open a Swiss bank account at any or every bank other than Post Finance and then record your experience here. I've been doing a little exploring on the topic in terms of dual citizens and mortgages, but your situation will be much more interesting. Here is what I have so far:
Currently, the following banks have informed me that they will not refinance the mortgages of Swiss-US dual citizens in Switzerland:
  • GE Money Bank (US bank. Doesn’t finance mortgages but refuses to provide banking services to Americans)
  • Raiffeisen (might finance Swiss citizens who live in the States)
  • Bank Coop
  • AXA Bank
  • Migros Bank (unless the minimum account balance is $250’000 or the mortgage is above $700’000)
  • NAB
  • Valiant Bank AG
  • Rothschild Bank AG (probably not, but unsure)
  • SwissLife (investment products, mortgages)
  • Hypothekarbank Lenzburg (see signature on every web page)
  • Swissquote Bank
  • FinanzZentrum Jungfrau AG
  • Vontobel (Doesn’t finance mortgages, but US persons are prohibited from accessing the web page)
  • Bank Sarasin, finances under the condition that the mortgage is matched with assets (US persons are prohibited from accessing the web page)
  • Julius Baer (refuses to provide financial services to US citizens, but may refinance a mortgage for dual citizens with a minimum investment of 500’000)
The following banks have not yet decided if they will finance the mortages of Swiss-US dual citizens in Switzerland:
The following banks have stated that they will still provide some services to Swiss-US dual citizens, for now, but many refuse to provide banking services to American citizens in Switzerland:
  • Basler Cantonal Bank (refuses to provide financial services to US citizens)
  • Vaud Cantonal Bank (waives foreign account fees for Swiss citizens living or working abroad)
  • Aargauische Cantonal Bank (closing the accounts of US persons)
  • St. Galler Cantonal Bank (closing the accounts of US residents)
  • Zürcher Cantonal Bank (does not finance mortgages for Swiss citizens who live in the US)
  • Credit Suisse (refuses to provide financial services to US citizens)
  • Hyposwiss Privatbank (As long as W9 is completed)
  • UBS (Baden branch, but American citizens are being denied banking services)
  • Postfinance (does not provide credit to Swiss citizens living in America). It’s partners, Valiant and Münchener Hypothekenbank don’t want US persons.
  • SwissLife (insurances)
  • AMFIE (according to CERN)
  • Credit Mutuel in St. Genis-Pouilly (according to CERN)

If you wanted to, you might be able to open up an account at Post Finance, but I'm not yet sure if that's the only one which might provide you with banking services.
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