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  #61  
Old 30.03.2012, 16:11
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Re: When leaving...close bank account

And where should the rent deposit go? Any ideas?
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  #62  
Old 03.05.2012, 20:25
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Re: When leaving...close bank account

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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?
Hi, any ideas if you also have to pay charges for a Swisspost / Postfinance Student account when leaving CH?

(I know there are zero charges whilst I'm resident in CH)
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  #63  
Old 05.05.2012, 20:25
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Re: When leaving...close bank account

I have a post finance account and after I explained to them that I am moving to the US they told me I don't have to close it. They also did not mention any charges for keeping a certain balance on there.
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  #64  
Old 05.05.2012, 21:42
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Re: When leaving...close bank account

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I have a post finance account and after I explained to them that I am moving to the US they told me I don't have to close it. They also did not mention any charges for keeping a certain balance on there.
Why would you want to keep it?
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  #65  
Old 05.05.2012, 23:10
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Re: When leaving...close bank account

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Why would you want to keep it?
Out of interest have you got any accounts from a bank outside Switzerland?

In any case there will be a return of deposit in upto 12 months & a final tax bill in possibly 24 months.
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  #66  
Old 06.05.2012, 14:45
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Re: When leaving...close bank account

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I have a post finance account and after I explained to them that I am moving to the US they told me I don't have to close it. They also did not mention any charges for keeping a certain balance on there.

Not mentioning any charges is of course s
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  #67  
Old 06.05.2012, 14:45
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Re: When leaving...close bank account

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I have a post finance account and after I explained to them that I am moving to the US they told me I don't have to close it. They also did not mention any charges for keeping a certain balance on there.

Not mentioning any charges is of course something quite different to there actually not being any charges...
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  #68  
Old 06.05.2012, 17:03
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Re: When leaving...close bank account

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And where should the rent deposit go? Any ideas?
Not sure of the context of this. A rent deposit account is handled differently. One of my tenants in Switzerland was Russian and Crédit Suisse did not want him as an account holder. But there was no problem opening a rent deposit account. When he moved abroad a letter with our two signatures got the money wired to his new account in the UK.
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  #69  
Old 06.05.2012, 17:41
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Re: When leaving...close bank account

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Not sure of the context of this. A rent deposit account is handled differently. One of my tenants in Switzerland was Russian and Crédit Suisse did not want him as an account holder. But there was no problem opening a rent deposit account. When he moved abroad a letter with our two signatures got the money wired to his new account in the UK.
That assumes that you want to transfer the money into £, not a great idea if you have a looming tax bill in CHF to settle. OK you could have a CHF account in the UK, however it will be expensive to pay bills in CH with.
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Old 08.05.2012, 11:16
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Re: When leaving...close bank account

I have the same problem, could some one please suggest what can i do?
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  #71  
Old 13.06.2012, 09:43
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Re: When leaving...close bank account

same problem here, yesterday i meet UBS and they told me that if my account has less than 50K CHF i have to pay 30 CHF per month fees!!! clearly i am closing the bank account and maybe i will open a new one in PostFinnance -what for? this is a real good question...i guess it is a small sum for any catastrophic in my home country, more as a church /physiology
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  #72  
Old 13.06.2012, 13:26
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Re: When leaving...close bank account

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2-3 years?

2-3 weeks has been my experience!

Tom
It can be 2 years for people who are source taxed ie B permit holders.
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  #73  
Old 13.06.2012, 13:28
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Re: When leaving...close bank account

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That assumes that you want to transfer the money into £, not a great idea if you have a looming tax bill in CHF to settle. OK you could have a CHF account in the UK, however it will be expensive to pay bills in CH with.
B permit holders should have most of their taxes paid at source so converting to £ might not be a bad idea..
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  #74  
Old 15.06.2012, 08:41
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Re: When leaving...close bank account

To open an account with PostFinance, what documentaions are necessary? Can we do it from outside of countries?
Hope somebody can tell us about the detailed process.
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  #75  
Old 04.07.2012, 14:45
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Re: When leaving...close bank account

I actually opened my account long before I actually moved here back when it was quite easy to do so. Post-2008 things have become very difficult as I discovered when a relative of mine asked me to do a few enquiries for him and I got PFO's from everyone other than PostFinance - although UBS was still open to it as long as he put a minimum of about 50k in.

My own bank has told me that I would not have any problems keeping the account open if I did leave, although I genuinely don't trust them. From what I gather, if your balance is under a certain amount (anything between 20k - 50k) you're just too much hassle for too little money, so if under that they'll either charge you silly fees to persuade you to move on or simply inform you that you have to close your account.

Where you're moving to is important. A major EU country such as Germany, Italy or the UK will go against you. Moving to the US or even being a US citizen is likely a death sentence for your account from what I can see. However moving to many less aggressive countries, even within the EU (such as Ireland, Portugal or Denmark) will likely suffer fewer restrictions - at least for now. Anywhere else (developing World, EFTA, etc) will be treated as business as usual.

So if you have multiple residencies (or an address) in a less contentious nation, citing that residency/address may be one approach - although I believe something like this was what Julian Assange had with PostFinance, which resulted in their closing his account as he allegedly "provided false information regarding his place of residence".

Another, although probably neither legal, practical in the long term or advisable, is to not tell them anything and simply go down to your post office and have them forward your mail to your new address abroad.

As a final note on PostFinance; it is easier to keep a non-resident account simply because as it is not a bank, it is not bound by Swiss banking secrecy laws. Probably not an issue for most, but if it is you should be aware of this.

My feeling is that, especially with most of the Kantonalbank's (i.e. not ZKB), you should have no problem keeping an account open if your balance remains a minimum of between 20k to 50k (depending upon the bank and your future residency). If under, go for a PostFinance account as banking secrecy is unlikely to be that important to you. Of course, things are constantly changing in this area, so in six months or a year even these may not be options.

Naturally the usual caveats on personal opinion, seek the advice of a professional first, et al. apply to the above.
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  #76  
Old 29.07.2012, 10:44
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Re: When leaving...close bank account

my recent experience: you can keep it open, just leave a swiss address and use ebanking. later you can close it via post mail with signature.
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  #77  
Old 29.07.2012, 14:11
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Re: When leaving...close bank account

Or just transfer the CHF funds to wherever you are, after completing all pending transactions.
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  #78  
Old 29.07.2012, 14:17
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Re: When leaving...close bank account

I was actually thinking the same thing as im going back to the UK too. My mate recently moved to New York and left his account open with no problems. I intend to leave my account open too.
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  #79  
Old 14.08.2012, 16:05
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Re: When leaving...close bank account

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I was actually thinking the same thing as im going back to the UK too. My mate recently moved to New York and left his account open with no problems. I intend to leave my account open too.
you can let your account open without any issues. But, I believe there will be certain charges per month if you change address to ur new address in UK. However, if any address in Switzerland it should be ok without any nominal charges
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  #80  
Old 15.09.2012, 15:01
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Re: When leaving...close bank account

Hi All

Just called yesterday PF 2 times spoke to 2 different people. My case, EU citizen, B permit holder, moving to work in the US. I repeat, I am not US.

First person in PF told me I had to close it, but it took him about 2 mins to come back to me, as he had "to check". MAybe this meant he was checking my overall balace?

Second person in PF told me I had to close it if I was leaving Switzerland, but that I were thinking of coming back, I may leave it open..... I asked her, what proof she needed to show I would be coming ack in say, 2 -3 years, and she said someone from PF would call me back.

I think you can indeed leave your account in PF opened, specially if you use ebanking, the only time in the year when you receive paper is the tax documentation. As for giving a Swiss address, which one would it be if you leave the country? I dont think its nice if you leave a friend's address, maybe that gets them/you in trouble.

Thoughts?
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