Go Back   English Forum Switzerland > Help & tips > Leaving Switzerland
Reply
 
Thread Tools Display Modes
  #41  
Old 15.10.2011, 21:47
Newbie
 
Join Date: Jul 2011
Location: Luzern
Posts: 9
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
iiiiddddaaaa has made some interesting contributions
Re: When leaving...close bank account

Anyone know how much Raiffeisen charges you, to keep your account open, we will be staying within eu?
Reply With Quote
  #42  
Old 23.10.2011, 23:06
Newbie
 
Join Date: Mar 2011
Location: Zürich
Posts: 7
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
fbuyukkececi has no particular reputation at present
Re: When leaving...close bank account

Does anybody know if it's possible to close the account at UBS from abroad and ask them to transfer the amount to a bank abroad? I'm OK with transfer costs. I will be payed with a lump sum after I leave, that's why I want to leave it open for some more time. Thanks.
Reply With Quote
  #43  
Old 24.10.2011, 21:03
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 13,775
Groaned at 209 Times in 181 Posts
Thanked 11,090 Times in 6,289 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Quote:
View Post
Does anybody know if it's possible to close the account at UBS from abroad and ask them to transfer the amount to a bank abroad? I'm OK with transfer costs. I will be payed with a lump sum after I leave, that's why I want to leave it open for some more time. Thanks.
Of course just send a written instruction.
Reply With Quote
  #44  
Old 24.10.2011, 21:28
Member
 
Join Date: May 2011
Location: Lausanne
Posts: 146
Groaned at 2 Times in 2 Posts
Thanked 60 Times in 36 Posts
Quebecman is considered knowledgeableQuebecman is considered knowledgeableQuebecman is considered knowledgeable
Re: When leaving...close bank account

Quote:
View Post
You don't leave it in a checking account though with no interest. CHF 50.000 @ 5% is CHF 200 per month you would gain when properly investing it (in a pretty safe way).

The problem in CH is that banks are not allow to leverage your money like they can in the US. Hence in CH they have to charge fees to recoup the cost of ATMs, bank accounts etc.
I sure would like to know where I can get 5% risk-free.
Reply With Quote
  #45  
Old 24.10.2011, 22:29
JourneyMan's Avatar
Member
 
Join Date: Aug 2008
Location: Baden
Posts: 106
Groaned at 0 Times in 0 Posts
Thanked 61 Times in 28 Posts
JourneyMan has no particular reputation at present
Re: When leaving...close bank account

A colleague of mine will be company relocated to the U.S. by end of the year. He has to maintain his CS account for a few more months after he leaves, for late transactions.. pension refunds etc. In preparation he was advised by those who went ahead of him to switch preferences to electtonic media only for all bills and statements. That eliminates the need for a PO box. You can continue to access your account thru the internet, but dont forget to switch your "Security PIN generation by SMS" back to the SecurID PIN generation of the old if you have been switched to the PIN generation like most. This way you dont need to keep a CH mobile number abroad.
Reply With Quote
  #46  
Old 01.12.2011, 14:16
Newbie
 
Join Date: Dec 2011
Location: Zurich
Posts: 1
Groaned at 1 Time in 1 Post
Thanked 0 Times in 0 Posts
rstachowitz has no particular reputation at present
Re: When leaving...close bank account

Is you are an American working in CH and plan to move back I understand you need to close your bank account. However what do you do when you are still waiting for your CH tax refund which can take between 2 and 3 years? Thanks for your help.
Reply With Quote
  #47  
Old 07.12.2011, 14:08
Newbie 1st class
 
Join Date: Dec 2011
Location: Geneva
Posts: 10
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
sona09 has no particular reputation at present
Re: When leaving...close bank account

In case anyone still checks this forum, UBS does require that US citizens close their accounts when leaving.
Reply With Quote
  #48  
Old 07.12.2011, 14:11
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 18,144
Groaned at 926 Times in 722 Posts
Thanked 19,735 Times in 9,481 Posts
st2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond repute
Re: When leaving...close bank account

Quote:
View Post
what do you do when you are still waiting for your CH tax refund which can take between 2 and 3 years?
2-3 years?

2-3 weeks has been my experience!

Tom
Reply With Quote
  #49  
Old 16.12.2011, 21:43
kodokan's Avatar
Forum Veteran
 
Join Date: Jan 2008
Location: Phoenix AZ, USA
Posts: 1,299
Groaned at 1 Time in 1 Post
Thanked 930 Times in 460 Posts
kodokan has a reputation beyond reputekodokan has a reputation beyond reputekodokan has a reputation beyond reputekodokan has a reputation beyond reputekodokan has a reputation beyond repute
Re: When leaving...close bank account

Quote:
View Post
In case anyone still checks this forum, UBS does require that US citizens close their accounts when leaving.
Small amendment - UBS requires that anyone who will be resident for US tax purposes close their accounts when leaving. We (UK citizens) have just moved to the US and have had to close our accounts.

Our banker at UBS as accommodating as possible in the circumstances - because we'll still be classed as US non-resident for tax due to only arriving here towards the end of the year, he let us keep the accounts open for a couple of extra months for final bills, etc. All closed now, though.

And Tom, we're still waiting for our tax refund for 2010 - I think it depends on the efficiency of your canton. It's madness, but 2-3 years is considered perfectly normal in Vaud!
__________________
'Chance favours only the prepared mind.'
Reply With Quote
  #50  
Old 04.01.2012, 22:43
Newbie 1st class
 
Join Date: Dec 2011
Location: Founex 1297
Posts: 11
Groaned at 0 Times in 0 Posts
Thanked 3 Times in 3 Posts
shirley_shiyy has no particular reputation at present
Re: When leaving...close bank account

Hi Hollisterb,

Thank you so much for the great info! Very useful!
I am going to open a PostFinance account soon!


Quote:
View Post
My one with PostFinance - you have to have over 7k in it then you don't pay anything
Reply With Quote
  #51  
Old 01.02.2012, 17:47
Newbie 1st class
 
Join Date: Oct 2009
Location: Morges
Posts: 11
Groaned at 0 Times in 0 Posts
Thanked 3 Times in 2 Posts
wrightsi has no particular reputation at present
Re: When leaving...close bank account

Thank you - very helpful discussion
Reply With Quote
  #52  
Old 21.02.2012, 15:02
Newbie
 
Join Date: Feb 2012
Location: Opfikon
Posts: 2
Groaned at 0 Times in 0 Posts
Thanked 3 Times in 3 Posts
franiu has no particular reputation at present
Re: When leaving...close bank account

Anybody knows what is the PostFinance rule? Do they allow access from all countries or only EU? Also what are the fees if you don't maintain the min balance? Is it per account or per client?
Reply With Quote
  #53  
Old 27.02.2012, 12:36
Member
 
Join Date: May 2007
Location: Portugal
Posts: 210
Groaned at 0 Times in 0 Posts
Thanked 31 Times in 18 Posts
Sorensen has earned some respectSorensen has earned some respect
Re: When leaving...close bank account

Funny - we were at PostFinance today and were told we had to close the account - no ifs, no buts.

This was moving to EU.
Reply With Quote
  #54  
Old 28.02.2012, 01:28
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 13,775
Groaned at 209 Times in 181 Posts
Thanked 11,090 Times in 6,289 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Quote:
View Post
Funny - we were at PostFinance today and were told we had to close the account - no ifs, no buts.

This was moving to EU.
It's possible to open a PF account from abroad, so I guess you were misinformed. What will they do if you refuse , Steal your money ?
Reply With Quote
  #55  
Old 28.02.2012, 01:33
phdoofus's Avatar
Forum Veteran
 
Join Date: May 2009
Location: City by the Bay
Posts: 2,364
Groaned at 97 Times in 57 Posts
Thanked 3,205 Times in 1,227 Posts
phdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond repute
Re: When leaving...close bank account

Quote:
View Post
Funny - we were at PostFinance today and were told we had to close the account - no ifs, no buts.

This was moving to EU.
I contacted them about closing my account from abroad (need some place to put my 2nd pillar funds and any money left over from my apt deposit) and they said it was ok but that since I am a US citizen they might not be able to service me at some point in the future.
Reply With Quote
  #56  
Old 03.03.2012, 13:40
Newbie 1st class
 
Join Date: Apr 2011
Location: Lausanne
Posts: 23
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Naom has no particular reputation at present
Re: When leaving...close bank account

We also have an account with Post Finance and they had no problems in accepting our request to change the address to an international one from a specified date as we are leaving CH. They will also let us keep the credit card. Post finance is definitely recommended and they have a good customer service too.
Reply With Quote
  #57  
Old 06.03.2012, 19:10
rgm rgm is offline
Newbie
 
Join Date: Jan 2011
Location: Basel
Posts: 3
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
rgm has no particular reputation at present
Re: When leaving...close bank account

I am contemplating similar action, returning to the UK, as a UK Citizen and I have a post finance and UBS Account, and a UBS credit card. has anybody had recent experiences with the options regarding these facilities and the ability to keep them open? Im more interested in the UBS account than the Postfinance one, and as i have essentially used the balance of my Credit Card as a loan and would ideally look to pay it off over the next year after returning to the uk, whilst keeping up minimum payments?
Any help greatly appreciated.
Reply With Quote
  #58  
Old 06.03.2012, 22:29
mabern's Avatar
Forum Veteran
 
Join Date: Sep 2007
Location: V.South West of Zurich
Posts: 1,194
Groaned at 7 Times in 6 Posts
Thanked 417 Times in 285 Posts
mabern has an excellent reputationmabern has an excellent reputationmabern has an excellent reputationmabern has an excellent reputation
Re: When leaving...close bank account

We had them close the account a few months after we left to give time to pay last bills etc., but no longer as the fees are much higher when you are out of country and will eat up a small deposit.
Not sure how they may react if you owe them money though- they may want it paid back up front before you leave rather than trust you to pay it without a Swiss salary?
Reply With Quote
  #59  
Old 07.03.2012, 09:05
rgm rgm is offline
Newbie
 
Join Date: Jan 2011
Location: Basel
Posts: 3
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
rgm has no particular reputation at present
Re: When leaving...close bank account

Well, they were my thoughts exactly, if i were a bank id do exactly the same, im hoping for the opposite though!

Could anyone share their experiences on the process of de-registering and also what implications this holds if for example you were to de-register now yet not leave the country for a few months? If there is another thread for this please could someone redirect me?!
Reply With Quote
  #60  
Old 07.03.2012, 09:25
madhan's Avatar
Junior Member
 
Join Date: Oct 2011
Location: zurich
Posts: 32
Groaned at 1 Time in 1 Post
Thanked 8 Times in 8 Posts
madhan has earned some respectmadhan has earned some respect
Re: When leaving...close bank account

also now-a-days swiss agree to reveal the black money invested with them. so politically there are many restrictions arises.

The domicile of such countries would not be allowed to do transaction on direct net when out of country.

The process would be tedious.


better inquire the back officer as it might vary to each country
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Close UBS private bank account fabio Finance/banking/taxation 12 Yesterday 00:22
In which bank to open a bank account? MariV Finance/banking/taxation 11 16.10.2012 13:11
Keeping Swiss credit cards and bank account when leaving evilshell Leaving Switzerland 11 10.05.2010 17:49
bank account janice ward Finance/banking/taxation 11 15.10.2009 13:01
Retaining bank account when leaving Switzerland TheCaptain Finance/banking/taxation 5 05.05.2009 23:09


All times are GMT +2. The time now is 15:35.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0