Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 28.01.2011, 23:45
Junior Member
 
Join Date: Mar 2009
Location: to-be-lugano
Posts: 60
Groaned at 1 Time in 1 Post
Thanked 8 Times in 7 Posts
yuhu has no particular reputation at present
Bank for USD deposit

Hi there

Tried searching on the forum and bank's website but could not find any clue.

Is there any bank in CH that have account in USD??

I have USD cash that I want to keep in the bank, but do not wish to convert it to CHF/EUR. The amount is not big.

Thank you in advance
Reply With Quote
  #2  
Old 28.01.2011, 23:48
Member
 
Join Date: Dec 2010
Location: Zurich
Posts: 161
Groaned at 24 Times in 15 Posts
Thanked 70 Times in 45 Posts
daboy is considered unworthydaboy is considered unworthydaboy is considered unworthy
Lol?

Sent from my ZTE-BLADE
Reply With Quote
  #3  
Old 29.01.2011, 09:18
Forum Veteran
 
Join Date: Aug 2010
Location: Zürich
Posts: 511
Groaned at 4 Times in 3 Posts
Thanked 441 Times in 248 Posts
ThomasSSS has a reputation beyond reputeThomasSSS has a reputation beyond reputeThomasSSS has a reputation beyond reputeThomasSSS has a reputation beyond repute
Re: Bank for USD deposit

Quote:
View Post
Hi there

Tried searching on the forum and bank's website but could not find any clue.

Is there any bank in CH that have account in USD??
Yes.


(All of them do, pretty much.)
Reply With Quote
  #4  
Old 29.01.2011, 09:22
HollidayG's Avatar
Forum Legend
 
Join Date: Jan 2008
Location: Kanton Zürich
Posts: 3,038
Groaned at 50 Times in 35 Posts
Thanked 1,179 Times in 737 Posts
HollidayG has an excellent reputationHollidayG has an excellent reputationHollidayG has an excellent reputationHollidayG has an excellent reputation
Re: Bank for USD deposit

Several have mentioned that UBS does this type of account although I cannot confirm this.
Reply With Quote
  #5  
Old 29.01.2011, 09:33
Forum Veteran
 
Join Date: Aug 2010
Location: Zürich
Posts: 511
Groaned at 4 Times in 3 Posts
Thanked 441 Times in 248 Posts
ThomasSSS has a reputation beyond reputeThomasSSS has a reputation beyond reputeThomasSSS has a reputation beyond reputeThomasSSS has a reputation beyond repute
Re: Bank for USD deposit

Pretty much every big bank has foreign currency accounts. However they may be somewhat specialized towards electronic transactions and investments - I do not know the fees involved, whether they actually have cash on hand and so forth.

Which leads to the question of whether it makes any sense at all to open a USD account in a country where banking fees are traditional in order to store "a small amount". But that isn't the question that the OP asked.
Reply With Quote
This user would like to thank ThomasSSS for this useful post:
  #6  
Old 29.01.2011, 11:03
Senior Member
 
Join Date: Dec 2010
Location: St Elsewhere
Posts: 332
Groaned at 15 Times in 7 Posts
Thanked 320 Times in 151 Posts
Brass427 has earned the respect of manyBrass427 has earned the respect of manyBrass427 has earned the respect of many
Re: Bank for USD deposit

Quote:
View Post
Hi there

Tried searching on the forum and bank's website but could not find any clue.

Is there any bank in CH that have account in USD??

I have USD cash that I want to keep in the bank, but do not wish to convert it to CHF/EUR. The amount is not big.

Thank you in advance
CS allows a dollar account. No interest. Minimum charge. I've since closed it and opened one in the US.
Reply With Quote
  #7  
Old 29.01.2011, 11:10
Junior Member
 
Join Date: Jan 2010
Location: Zurich
Posts: 56
Groaned at 4 Times in 3 Posts
Thanked 27 Times in 16 Posts
azurboy has made some interesting contributions
Re: Bank for USD deposit

UBS and CS do EUR and USD, not cheap though.
You'd rather open a US acocunt for expats with citi.
Reply With Quote
  #8  
Old 29.01.2011, 11:50
HollidayG's Avatar
Forum Legend
 
Join Date: Jan 2008
Location: Kanton Zürich
Posts: 3,038
Groaned at 50 Times in 35 Posts
Thanked 1,179 Times in 737 Posts
HollidayG has an excellent reputationHollidayG has an excellent reputationHollidayG has an excellent reputationHollidayG has an excellent reputation
Re: Bank for USD deposit

Not all banks are doing business with American citizens because of compliance requirements. UBS, ironically, allows accounts for US citizens.

I am at Credit Suisse, but I have been a customer a very long time.
Reply With Quote
  #9  
Old 29.01.2011, 11:55
stuartq's Avatar
Member
 
Join Date: Oct 2007
Location: London/Vaud
Posts: 170
Groaned at 2 Times in 1 Post
Thanked 20 Times in 19 Posts
stuartq has no particular reputation at present
Re: Bank for USD deposit

Cr Suisse has US Dollar accounts, no questions asked as far as we were concerned, but then we are not American.
We can transfer funds between accounts and you can choose the currency for the transaction, their online banking system works very well most of the time and once to you get used to it.
Reply With Quote
  #10  
Old 29.01.2011, 12:23
Camupa's Avatar
Member
 
Join Date: Sep 2010
Location: Zurich Unterland
Posts: 161
Groaned at 1 Time in 1 Post
Thanked 124 Times in 62 Posts
Camupa has earned some respectCamupa has earned some respect
Re: Bank for USD deposit

UBS definitely has - I just opened a USD Privat account with them a few months ago. There's a monthly fee of around 3CHF.
Reply With Quote
  #11  
Old 29.01.2011, 15:24
Member
 
Join Date: Dec 2010
Location: Zurich
Posts: 161
Groaned at 24 Times in 15 Posts
Thanked 70 Times in 45 Posts
daboy is considered unworthydaboy is considered unworthydaboy is considered unworthy
Quote:
View Post
UBS definitely has - I just opened a USD Privat account with them a few months ago. There's a monthly fee of around 3CHF.
Don't you get it, the guy doesn't like francs. Are you TRYING to provoke a reaction with this inciteful rhetoric?
Reply With Quote
  #12  
Old 29.01.2011, 15:50
tkn's Avatar
tkn tkn is offline
Senior Member
 
Join Date: Nov 2009
Location: Basel
Posts: 354
Groaned at 8 Times in 5 Posts
Thanked 169 Times in 113 Posts
tkn has earned some respecttkn has earned some respect
Re: Bank for USD deposit

I was given a choice by UBS, but the "service" fee was too high and therefore I decided to convert them to CHF.
Reply With Quote
  #13  
Old 29.01.2011, 16:05
Member
 
Join Date: Dec 2010
Location: Zurich
Posts: 161
Groaned at 24 Times in 15 Posts
Thanked 70 Times in 45 Posts
daboy is considered unworthydaboy is considered unworthydaboy is considered unworthy
Quote:
View Post
I was given a choice by UBS, but the "service" fee was too high and therefore I decided to convert them to CHF.
You did WHAT????

Sent from my ZTE-BLADE
Reply With Quote
  #14  
Old 30.01.2011, 14:41
Junior Member
 
Join Date: Oct 2007
Location: USA - Vaud
Posts: 42
Groaned at 0 Times in 0 Posts
Thanked 2 Times in 2 Posts
Lorelei has no particular reputation at present
Re: Bank for USD deposit

Quote:
View Post
Not all banks are doing business with American citizens because of compliance requirements. UBS, ironically, allows accounts for US citizens.

I am at Credit Suisse, but I have been a customer a very long time.

From personal experience, UBS, CS, BCV no longer allow accounts for U.S. citizens not living in Switzerland. I own a vacation condominium in Switzerland but it made no difference.
Reply With Quote
  #15  
Old 03.02.2011, 10:34
Junior Member
 
Join Date: Mar 2009
Location: to-be-lugano
Posts: 60
Groaned at 1 Time in 1 Post
Thanked 8 Times in 7 Posts
yuhu has no particular reputation at present
Re: Bank for USD deposit

Sorry for the late replies.
been busy with exams.

I will check with CS next week and report back.

Thank you for all the suggestions
Reply With Quote
  #16  
Old 03.02.2011, 13:27
Member
 
Join Date: Jan 2011
Location: Zürich
Posts: 208
Groaned at 11 Times in 8 Posts
Thanked 255 Times in 109 Posts
ukal123 has an excellent reputationukal123 has an excellent reputationukal123 has an excellent reputationukal123 has an excellent reputation
Re: Bank for USD deposit

UBS dose for sure offer USD accounts charge an annual fee of about 20 or something like that chf. The idea is to transfer to money onto it and out of it not really to pay in or withdraw, but you could still do so i think for a 2 percent fee (i guess thy also have a minimum charge ie if you put in 50 dollars you might have to pay the minimum fee of 20chf...
Reply With Quote
  #17  
Old 03.02.2011, 14:39
vozdemirler's Avatar
Newbie 1st class
 
Join Date: Sep 2009
Location: Basel
Posts: 17
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
vozdemirler has no particular reputation at present
Re: Bank for USD deposit

Quote:
View Post
Hi there

Tried searching on the forum and bank's website but could not find any clue.

Is there any bank in CH that have account in USD??

I have USD cash that I want to keep in the bank, but do not wish to convert it to CHF/EUR. The amount is not big.

Thank you in advance
IF you still have a US address, you can keep an account at Chase. Chase has online banking with international transfers incase you need to transfer funds.

And yes I have noticed all banks here also allow foreign currency accounts so USD account should not be a problem if they don't have a problem taking on a US citizen. I am with Migros bank and it works for me.

Good luck.
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
Deposit US-issued checks to a Swiss bank account marincica Finance/banking/taxation 6 16.06.2012 13:57
Deposit loans from the bank der_Inselaffe Housing in general 2 13.04.2009 15:54
Bank charged 50 CHF for the rent deposit account grey_md Housing in general 12 03.06.2008 15:56


All times are GMT +2. The time now is 12:40.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0