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Old 28.08.2015, 09:04
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leaving switzerland for good - keeping postfinance account

Hi,

I'm an european citizen and wanted to know if I leave switzerland (i don't have a C permit) can I keep my postfinance account open? or are there any problems with that? I'd rather keep it open with my savings money, and work with it electronically whenever I need to transfer it to another country's account, but I don't know if that's allowed or not based on swiss regulations
thanks!
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Old 28.08.2015, 09:17
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Re: leaving switzerland for good - keeping postfinance account

PostFinance charges an additional CHF 15 per month for customers not domiciled in Switzerland: Customers domiciled abroad

Customers domiciled abroad pay an additional fee of CHF 15 per private account and per month. Fees are charged irrespective of the amount of assets.


https://www.postfinance.ch/en/priv/p...eur/offer.html
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Old 28.08.2015, 09:20
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Re: leaving switzerland for good - keeping postfinance account

I did that a while ago (around 2k10), when I moved back to Germany (updated my address via their webpage), and got a letter from Postfinance after a while, asking me why I kept the account open. I replied that I'm planning to return to Switzerland, and never heard anything from them again.

I remember reading somewhere around here, that it would depend on which country you're moving to, but I dont know exactly the details.

Edit: Hmm.. I'm sure I didnt have to pay any fees back then, guess they introduced those recently.

Last edited by lutz.wiebe; 28.08.2015 at 10:47.
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Old 28.08.2015, 12:10
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Re: leaving switzerland for good - keeping postfinance account

with those charges it doesn't make sense to keep the account open then...
do you know of any bank where i could keep an account open free of charge? or am i forced to transfer the money out..
thanks!
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Old 28.08.2015, 12:27
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Re: leaving switzerland for good - keeping postfinance account

Review this list from Auslandschweizer-Organisation, e.g., MigrosBank is CHF 5 per month for (Swiss) residents of OECD countries:

http://www.aso.ch/files/webcontent/r...elle_WEB_E.pdf
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Old 28.08.2015, 12:46
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Re: leaving switzerland for good - keeping postfinance account

Why bother to update your address, I have been using my account for 11 months after leaving with no problems.
I do all my transactions online or via ATM's.
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Old 28.08.2015, 13:39
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Re: leaving switzerland for good - keeping postfinance account

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Why bother to update your address, I have been using my account for 11 months after leaving with no problems.
I do all my transactions online or via ATM's.
they don't check it? what about immigration office when you stop having a residence permit (i don't have a C one)
if they find out in the future, aren't they able to retroactively charge you all of those 15chf+15chf that you were supposed to pay them?
also, if the little yellow calculator thingy runs out of battery or whatever and need a replacement, you won't be able to get it shipped outside switzerland, and that would be a big issue to log in
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Old 28.08.2015, 14:11
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Re: leaving switzerland for good - keeping postfinance account

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they don't check it? what about immigration office when you stop having a residence permit (i don't have a C one)
if they find out in the future, aren't they able to retroactively charge you all of those 15chf+15chf that you were supposed to pay them?
also, if the little yellow calculator thingy runs out of battery or whatever and need a replacement, you won't be able to get it shipped outside switzerland, and that would be a big issue to log in
If you are concerned about 15 chf/month and the card reader running out of batteries then suggest you close your account before you leave CH.

It is really up to you to do the analysis and figure out if there is any value in you having a CHF bank account even though you are not living in CH.
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Old 28.08.2015, 14:35
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Re: leaving switzerland for good - keeping postfinance account

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It is really up to you to do the analysis and figure out if there is any value in you having a CHF bank account even though you are not living in CH.
I just look at the options.
maybe you can elaborate on the advantages of having a CHF bank account?
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Old 28.08.2015, 15:04
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Re: leaving switzerland for good - keeping postfinance account

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...advantages of having a CHF bank account?...
I like local bank accounts for several reasons.

1) when there you can act like a local
2) you can use currencyfair/transferwise (or the like) to avail of great fx rates, and actually use them
3) you can effect local transfers like a local. Try to pay a Swiss "Einzahlungsschein" from abroad. Not possible, at least not without contacting the recipient and explain that he will receive the funds, but not in the local "structured" way

Swiss banks don't like foreign customers, unless they park millions with them. I´m also looking for a solution in this regard - quite annoying.
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Old 28.08.2015, 16:11
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Re: leaving switzerland for good - keeping postfinance account

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they don't check it? what about immigration office when you stop having a residence permit (i don't have a C one)
if they find out in the future, aren't they able to retroactively charge you all of those 15chf+15chf that you were supposed to pay them?
also, if the little yellow calculator thingy runs out of battery or whatever and need a replacement, you won't be able to get it shipped outside switzerland, and that would be a big issue to log in
Bank accounts in Switzerland are secret, the migrationsampt does not have access or any information on my banking arrangements.

I bought the batteries on eBay for my card reader
In any case I am getting my post redirected so it's not an issue either.
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Old 28.08.2015, 18:55
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Re: leaving switzerland for good - keeping postfinance account

i don't play to come back to switzerland, let alone pay bills in the country

i'm also not a drug dealer, therefore i don't have enough money so that anyone would prosecute me and need to hide it from the rest of the world

but i get your points guys, and they're valid.
I think i'll redirect my post just in case, and not modify the address. if the post office finds out at some point i relocated, i can transfer the funds and remotely close the account

fatmanfilms: if the card reader runs out of battery you just replace it and it still works? i mean, postfinance doesn't need to service it in some way?
the post redirection stuff, where do you do it? post office?
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Old 28.08.2015, 19:13
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Re: leaving switzerland for good - keeping postfinance account

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fatmanfilms: if the card reader runs out of battery you just replace it and it still works? i mean, postfinance doesn't need to service it in some way?
the post redirection stuff, where do you do it? post office?
It works fine by just changing batteries, I have several readers.

You can redirect your post either online or at the post office.
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