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Old 29.03.2010, 19:08
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Close UBS private bank account

Gents,

before asking directly the bank - and in order to go there already well informed, what are the steps for closing a UBS private bank account (with relative maestro & credit card)?

What worries me most is: are there any closure expenses?

Is it just something easy - step into any UBS branch, ask for the modules, fill them up, indicate to which IBAN move off the liquidity and that's it?

TIA
Fabio
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Old 29.03.2010, 19:11
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Re: Close UBS private bank account

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Gents,

before asking directly the bank - and in order to go there already well informed, what are the steps for closing a UBS private bank account (with relative maestro & credit card)?

What worries me most is: are there any closure expenses?

Is it just something easy - step into any UBS branch, ask for the modules, fill them up, indicate to which IBAN move off the liquidity and that's it?

TIA
Fabio
It's UBS. Of course they will charge you for the privilege of closing an account.
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Old 29.03.2010, 19:12
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Re: Close UBS private bank account

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Gents,
Mods: Please place this in the "females need not reply" forum.
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Old 29.03.2010, 19:59
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Re: Close UBS private bank account

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Gents,

before asking directly the bank - and in order to go there already well informed, what are the steps for closing a UBS private bank account (with relative maestro & credit card)?

What worries me most is: are there any closure expenses?

Is it just something easy - step into any UBS branch, ask for the modules, fill them up, indicate to which IBAN move off the liquidity and that's it?

TIA
Fabio
While I can't imagine there are any charges to close an account (other than transmission charges for sending funds), and I know there are no charges for members of the US Mission in Geneva (UBS has a branch in the Mission), if you tell the bank that you are moving to the USA or are about to become a "US person" for tax purposes, they will be only too glad to close your account with no charges and no hesitation.

They are, in fact, closing (some or all) accounts involuntarily for anyone other than Swiss diplomats with a US address. My daughter got such a letter.
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Old 29.03.2010, 20:19
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Re: Close UBS private bank account

Switzerland is unhappy with US attitudes to secrecy here and are actively trying to get rid of all accounts held by US nationals, this I have recently read but cannot remember where, probably in the newspaper "Der Bund"

You need to contact the branch where you opened the account, and you will be charged about CHF 17 for closing an account.
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Old 29.03.2010, 22:10
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Re: Close UBS private bank account

Check your account conditions. My UBS account conditions say that you can't withdraw anymore than 100k without 3 months notice or they charge you a 1% fee on the amount over.
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Old 29.03.2010, 22:28
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Re: Close UBS private bank account

I closed my UBS savings account last year, didn't cost me a jot.
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Old 29.03.2010, 22:33
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Re: Close UBS private bank account

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I closed my UBS savings account last year, didn't cost me a jot.
Pre or post crash?
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Old 01.04.2010, 11:45
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Re: Close UBS private bank account

I went into my UBS branch and asked the question on monday - all they need is a signed letter stating you wish to close the account, when and details of where they should transfer the balance too - no costs - sounds very straight forward, not tried it yet!
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Old 01.04.2010, 11:49
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Re: Close UBS private bank account

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Pre or post crash?
Around December I think, so post?
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Old 12.10.2015, 15:34
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Re: Close UBS private bank account

hi,

Can we close the UBS private bank account indirectly(with no physical presence). I mean , if I return back to my country, without intimating the bank, and hold it for few months till all my settlements happens and then sending mail to UBS bank to close this account. Will that work?
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Old Today, 00:15
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Re: Close UBS private bank account

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hi,

Can we close the UBS private bank account indirectly(with no physical presence). I mean , if I return back to my country, without intimating the bank, and hold it for few months till all my settlements happens and then sending mail to UBS bank to close this account. Will that work?
I have exactly the same question, and could not find the answer on this forum.
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Old Today, 00:22
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Re: Close UBS private bank account

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I have exactly the same question, and could not find the answer on this forum.
I have closed accounts on line giving instruction where to send the last 100CHF, having transferred the bulk the day before.
Often something to sign will arrive through the post.
Alternatively write a letter....... I know thats very 1970's but the post is still quite good in CH.
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