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| Aloha,
I am a newbie here. Sorry if my question is a repeat of previous topics. Here is my situation: I am looking for a safe bank for some of my savings. The US Dollar is getting pretty weak so I would like to get into a more stable currency, possibly Swiss Francs. I can't do that from my US bank account so I started looking into opening up a Swiss bank account. I am not talking 7 figures or anything and I have no intention of cheating the IRS nor am I looking for secrecy. I just want a bank that will still be standing if the S*#! hits the fan for any reason. I found a company online that helps foriegners set up swiss accounts by mail. They sent me an application for Banque Coop (Cantonal Bank of Basel). Overall, I am pretty under-whelmed by this bank. It doesn't seem a whole lot better than my present bank. Just curious if anyone has experience with this bank, pro's, con's, problems, etc.
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You can use google to find out about this bank. However, unless you have substantial sums to invest, Swiss banks will not open an account for you unless you legally live here. And the company offering to set up an account will make more out of the deal than you will.
If you are worried about the dollar, why not have a foreign currency account at your present bank?
BTW, the dollar will be on the way up again in a few years- it's done this before and if you only need to buy and sell in dollars it makes no difference anyway...