Go Back   English Forum Switzerland > Help & tips > Leaving Switzerland
Reply
 
Thread Tools Display Modes
  #1  
Old 28.04.2010, 16:52
Senior Member
 
Join Date: May 2009
Location: Biel/Bienne
Posts: 310
Groaned at 59 Times in 24 Posts
Thanked 19 Times in 17 Posts
hollisterb hollisterb hollisterb hollisterb hollisterb
When leaving...close bank account

I'm leaving my job and Switzerland but am planning to leave my bank account open here - not with much in it, but just some bucks

My g/f is here and I don't know how long I plan to go back to London for - might be back and forth or might want to come back here

Is there an issue with leaving a bank account open? I can't think of one but someone here said there might be

?
Reply With Quote
  #2  
Old 28.04.2010, 16:53
Banned
 
Join Date: Mar 2010
Location: zurich
Posts: 102
Groaned at 7 Times in 5 Posts
Thanked 27 Times in 19 Posts
sammyboy has earned some respectsammyboy has earned some respect
Re: When leaving...close bank account

if you leave a bank account open you will be paying charges for nothing
Reply With Quote
This user would like to thank sammyboy for this useful post:
  #3  
Old 28.04.2010, 16:55
Senior Member
 
Join Date: May 2009
Location: Biel/Bienne
Posts: 310
Groaned at 59 Times in 24 Posts
Thanked 19 Times in 17 Posts
hollisterb hollisterb hollisterb hollisterb hollisterb
Re: When leaving...close bank account

My one with PostFinance - you have to have over 7k in it then you don't pay anything
Reply With Quote
  #4  
Old 28.04.2010, 17:00
evilshell's Avatar
Forum Legend
 
Join Date: Jun 2006
Location: UK, formerly Basel
Posts: 3,361
Groaned at 97 Times in 81 Posts
Thanked 3,070 Times in 1,337 Posts
evilshell has a reputation beyond reputeevilshell has a reputation beyond reputeevilshell has a reputation beyond reputeevilshell has a reputation beyond reputeevilshell has a reputation beyond reputeevilshell has a reputation beyond repute
Re: When leaving...close bank account

We have open PostFinance accounts in Switzerland and they updated our accounts with our address here in the UK - not a problem at all. However, we're both Swiss citizens, I'm not sure if that makes a difference or not.
Reply With Quote
  #5  
Old 28.04.2010, 20:45
RetiredInNH's Avatar
Forum Veteran
 
Join Date: Apr 2007
Location: New Hampshire, USA
Posts: 2,196
Groaned at 13 Times in 5 Posts
Thanked 1,410 Times in 710 Posts
Blog Entries: 13
RetiredInNH has a reputation beyond reputeRetiredInNH has a reputation beyond reputeRetiredInNH has a reputation beyond reputeRetiredInNH has a reputation beyond reputeRetiredInNH has a reputation beyond repute
Re: When leaving...close bank account

I opened my PostFinance account as a tourist in 2008 with a US address, no problems. Obviously I am not a Swiss citizen, and in fact I never was a resident in Switzerland.

Last edited by RetiredInNH; 28.04.2010 at 20:59. Reason: Clarification
Reply With Quote
  #6  
Old 28.04.2010, 23:47
Glendyn's Avatar
Forum Veteran
 
Join Date: Nov 2008
Location: ZH. Horgen area
Posts: 776
Groaned at 12 Times in 6 Posts
Thanked 933 Times in 385 Posts
Glendyn has a reputation beyond reputeGlendyn has a reputation beyond reputeGlendyn has a reputation beyond reputeGlendyn has a reputation beyond reputeGlendyn has a reputation beyond repute
Re: When leaving...close bank account

When I had a UBS account and a UK address I wasn't allowed to use e-banking from abroad other than to view, i.e no transactions. That was some years ago maybe the rules have changed - maybe ask.
Reply With Quote
  #7  
Old 29.04.2010, 14:58
Forum Legend
 
Join Date: Oct 2009
Location: la cote
Posts: 2,777
Groaned at 15 Times in 9 Posts
Thanked 2,154 Times in 1,220 Posts
runningdeer has a reputation beyond reputerunningdeer has a reputation beyond reputerunningdeer has a reputation beyond reputerunningdeer has a reputation beyond reputerunningdeer has a reputation beyond repute
Re: When leaving...close bank account

If you are a US citizen, then UBS and some other banks now consider it a problem. You will likely be asked to close it.
Reply With Quote
  #8  
Old 29.04.2010, 15:06
RetiredInNH's Avatar
Forum Veteran
 
Join Date: Apr 2007
Location: New Hampshire, USA
Posts: 2,196
Groaned at 13 Times in 5 Posts
Thanked 1,410 Times in 710 Posts
Blog Entries: 13
RetiredInNH has a reputation beyond reputeRetiredInNH has a reputation beyond reputeRetiredInNH has a reputation beyond reputeRetiredInNH has a reputation beyond reputeRetiredInNH has a reputation beyond repute
Re: When leaving...close bank account

Quote:
View Post
When I had a UBS account and a UK address I wasn't allowed to use e-banking from abroad other than to view, i.e no transactions. That was some years ago maybe the rules have changed - maybe ask.
I have just used my PostFinance account, from New Hampshire, to pay the deposits on the apartments I will be renting this summer.
Reply With Quote
  #9  
Old 29.04.2010, 16:01
lucia2's Avatar
Junior Member
 
Join Date: Jan 2010
Location: Bern
Posts: 81
Groaned at 0 Times in 0 Posts
Thanked 24 Times in 19 Posts
lucia2 has no particular reputation at present
Re: When leaving...close bank account

Quote:
View Post
If you are a US citizen, then UBS and some other banks now consider it a problem. You will likely be asked to close it.
We just opened an account w/ UBS last week and were told we must close when we leave. We're on B permits and US citizens.
Reply With Quote
  #10  
Old 29.04.2010, 16:23
Newbie 1st class
 
Join Date: Jul 2009
Location: Zurich
Posts: 11
Groaned at 0 Times in 0 Posts
Thanked 3 Times in 2 Posts
Sean111 has no particular reputation at present
Re: When leaving...close bank account

I've got a CS account. when I left for 6 months I just changed the address to a UK one. No problems.
Reply With Quote
  #11  
Old 09.05.2010, 21:42
Newbie 1st class
 
Join Date: Aug 2009
Location: Zurich
Posts: 10
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
FizzyP has no particular reputation at present
Re: When leaving...close bank account

I know UBS may cause some trouble for Americans returning home. Does swisspost care? I'd rather not move my money because Swisspost is actually a good bank!
Reply With Quote
  #12  
Old 20.05.2010, 03:37
Newbie
 
Join Date: Sep 2008
Location: Zurich
Posts: 1
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
owl_liu has no particular reputation at present
Re: When leaving...close bank account

I left CH in February. In some mysterious way, SwissPost found my new address in the States. Now they are going to close my account
Reply With Quote
  #13  
Old 20.05.2010, 08:57
Newbie
 
Join Date: Sep 2006
Location: Newcastle, UK
Posts: 9
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Watchman has no particular reputation at present
Re: When leaving...close bank account

When I left Switzerland and moved back to the UK one of the only things HMRC were really interested in was my account with Credit Suisse and if I planned on keeping it. Don't imagine this has changed much given the articles in the press over the last year or so.
Reply With Quote
  #14  
Old 20.05.2010, 21:45
Jim2007's Avatar
Forum Veteran
 
Join Date: Jun 2006
Location: Kt. Bern
Posts: 2,086
Groaned at 34 Times in 32 Posts
Thanked 2,069 Times in 1,057 Posts
Jim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond repute
Re: When leaving...close bank account

Quote:
View Post
I'm leaving my job and Switzerland but am planning to leave my bank account open here - not with much in it, but just some bucks

My g/f is here and I don't know how long I plan to go back to London for - might be back and forth or might want to come back here

Is there an issue with leaving a bank account open? I can't think of one but someone here said there might be

?
Not all accounts are the same. You need to check out the rules on the account to find out if you can keep it open.

The normal account that banks give to residents for the purpose of receiving a salary, making rent payments etc... often have additional rules attached to them such as you must inform the bank if you are going switch your salary payments to another account or you are intending to leave the country. Usually in such cases they will close the account and may offer you another type.

Good luck with that,

Jim.
Reply With Quote
  #15  
Old 20.05.2010, 22:22
Newbie
 
Join Date: May 2010
Location: Zurich
Posts: 9
Groaned at 0 Times in 0 Posts
Thanked 2 Times in 2 Posts
lfarlie has no particular reputation at present
Re: When leaving...close bank account

I would leave the account open....check for the minimum balance to avoid charges. No issues if going to UK as it is in EU.
Reply With Quote
  #16  
Old 20.05.2010, 22:35
Newbie 1st class
 
Join Date: Jun 2008
Location: Montreal Canada
Posts: 22
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
mikefria has made some interesting contributions
Re: When leaving...close bank account

I will soon be leaving Switzerland for Canada and checked with Credit Suisse about keeping open my bank account (in several currencies). No problem, I was assured, except that it will cost CHF 240 per year. (70CHF if moving to an EU country). There would be no charges if you have over CHF 250,000 in your accounts.
Reply With Quote
  #17  
Old 21.05.2010, 10:09
Forum Veteran
 
Join Date: Feb 2007
Location: Secret
Posts: 571
Groaned at 4 Times in 3 Posts
Thanked 392 Times in 201 Posts
lilith has a reputation beyond reputelilith has a reputation beyond reputelilith has a reputation beyond reputelilith has a reputation beyond repute
Re: When leaving...close bank account

I moved in and out of CH several times, but never ever closed my account.

I asked the paperwork to be sent to friends or family address (just ask to be delivered C/O), and kept enough money on it to be charges-free...
It saved me the effort of setting it up again and again, gave me a long-term status with the bank, a safe haven to send money to whenever I needed; with no hassle.
Reply With Quote
  #18  
Old 20.06.2010, 16:58
Newbie 1st class
 
Join Date: Aug 2009
Location: Basel
Posts: 12
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
nugaeva has no particular reputation at present
Re: When leaving...close bank account

I started to participate in 3rd Pillar program.

does anyone know how should I withdraw the money when I move to other country for residency?
Reply With Quote
  #19  
Old 20.06.2010, 20:55
nksyoon's Avatar
Senior Member
 
Join Date: Aug 2006
Location: formerly Zürich
Posts: 446
Groaned at 1 Time in 1 Post
Thanked 246 Times in 139 Posts
nksyoon has an excellent reputationnksyoon has an excellent reputationnksyoon has an excellent reputationnksyoon has an excellent reputation
Re: When leaving...close bank account

Opened bank account as a non-eu b-permit holder.
Left CH in March 2010, no problem keeping bank account, online banking and credit card with UBS - they have my current address outside CH.
Reply With Quote
  #20  
Old 21.06.2010, 00:50
muze7's Avatar
Forum Veteran
 
Join Date: May 2006
Location: Uk now
Posts: 1,205
Groaned at 3 Times in 3 Posts
Thanked 145 Times in 91 Posts
muze7 is considered knowledgeablemuze7 is considered knowledgeablemuze7 is considered knowledgeable
Re: When leaving...close bank account

I once asked Raiffeisen what would happen (as a EU B permit holder), they said they would close the account. PostFinance however said, no problem.
So perhaps PF is ok, unless you move to the US?
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 Today 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 02:10.


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