Thread: Guarantee of funds in Swiss Bank Accounts
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Old 07.10.2008, 10:48
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Guarantee of funds in Swiss Bank Accounts
Hi there

My question is for all those bankers out there, I've searched but was not successfully - I'm not a very good searcher

My understanding is that there is a CHF 30'000 guarantee on funds in Swiss bank accounts. My questions are as follows:

At UBS, clients typically have a relationship number which is consistent with all account and only the last few digits change for each account (eg XXX.XXXXXX.1W for current account and XXX.XXXXXX.R2 for savings account). - Is this regarded as 2 accounts, ie. Are both accounts protected to CHF 30'000 and is there a limit to the number of accounts a person can have?

Also, is the guarantee per account or per person? If we have joint accounts, are both parties guarantee CHF 30'000 or is the account guarantee?

Thanks
Nats

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