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Old 27.05.2017, 16:32
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Bank account for non-residents

Hi all,
I'm leaving Switzerland, but would like to keep here a bank account.
Currently, I have PostFinance, but they charge 300CHF/year for non-residents. Do you have any experience with some cheaper options? I don't have any special requirements (need only e-banking).
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Old 27.05.2017, 16:37
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Re: Bank account for non-residents

Depends on your nationality and where you're moving to. I think UBS and Credit Suisse will allow EU nationals to keep their account (not sure if you could open one and then leave) if they're moving to an adjacent country to Switzerland, but that's all. So Italy, Germany, France, Austria, Lichtenstein. If non-EU I doubt even those countries would be accepted. And those banks probably charge more than PostFinance.
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Old 27.05.2017, 16:43
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Re: Bank account for non-residents

Not only does it have to be interessting for the bank (read you have plenty of $$) but they will charge you heavily. Chf 300.-- sounds quite cheap.
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Old 27.05.2017, 16:49
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Re: Bank account for non-residents

Ok, so maybe I should just stick to PostFinance. 300 CHF sounded somehow expensive for freezing my $ ... ;-)
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Old 27.05.2017, 17:05
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Re: Bank account for non-residents

Well, they see it that you have a choice. Either accept the 300 francs to keep the account or withdraw/transfer the money elsewhere and close the account.
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Old 27.05.2017, 18:06
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Re: Bank account for non-residents

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Hi all,
I'm leaving Switzerland, but would like to keep here a bank account.
Currently, I have PostFinance, but they charge 300CHF/year for non-residents. Do you have any experience with some cheaper options? I don't have any special requirements (need only e-banking).
Does it specify now on their website that they charge 300 Fr. for non-residents to hold an account with them?! Perhaps this is only for new cases?

My partner is a non-resident and has never been charged anything at all for a PostFinance account which was opened about 5 years ago.

My aunt also has a PostFinance account and has also never been charged anything for it and she has never even lived in Switzerland.

I had a PostFinance account before I moved to Switzerland and was never charged anything for it before I moved here.

I was only aware that you must keep a minimum of Fr.7'500.-- in your accounts to avoid a monthly fee of Fr.6.--. The money can be spread across various accounts belonging to the same person. All of our accounts meet this requirement and always have done. And so as far as I know this is why we have never been charged.

You don't need to be a legal resident to open a bank/post office current/savings account here or to maintain one!
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Old 27.05.2017, 18:10
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Re: Bank account for non-residents

Times have seriously changed with money laundering, tax evaision, mega fines from lack of due dillegence.
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Old 27.05.2017, 18:52
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Re: Bank account for non-residents

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Does it specify now on their website that they charge 300 Fr. for non-residents to hold an account with them?! Perhaps this is only for new cases?
I think it is for all cases:
https://www.postfinance.ch/en/privat...count-chf.html
"Customers domiciled abroad CHF 25/month per account, irrespective of assets"
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Old 27.05.2017, 19:02
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Re: Bank account for non-residents

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I think it is for all cases:
https://www.postfinance.ch/en/privat...count-chf.html
"Customers domiciled abroad CHF 25/month per account, irrespective of assets"
I see. Well we have never been charged anything at all, but we have been customers for a very long time and may be because we gave and maintain a CH address. Domicile/residency was not checked and won't be checked once the account is open and has money in it.

Since you already have the account, if you have some way of maintaining a postal address in CH, you can avoid the hassle of the charge and keep the account open.
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Old 27.05.2017, 19:13
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Re: Bank account for non-residents

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I see. Well we have never been charged anything at all, but we have been customers for a very long time and may be because we gave and maintain a CH address. Domicile/residency was not checked and won't be checked once the account is open and has money in it.

Since you already have the account, if you have some way of maintaining a postal address in CH, you can avoid the hassle of the charge and keep the account open.
That would be perfect, but I don't believe that maintaining a postal address in CH can be cheaper than 25CHF/month ;-)

btw. I found also https://kontofuehrungsgebuehren-fuer-auslandkunden.ch/
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Old 27.05.2017, 19:19
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Re: Bank account for non-residents

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That would be perfect, but I don't believe that maintaining a postal address in CH can be cheaper than 25CHF/month ;-)

btw. I found also https://kontofuehrungsgebuehren-fuer-auslandkunden.ch/
It will all depend on what PF accept as an address.
You could look into a postbox with SwissPost or another similar service. Obviously we just used my Swiss address for my partner and aunt and their correspondence comes here.
These days there is not that much that comes by post anyway, we've switched everything to online.
Are you moving to a bordering country perchance? If you are you could always ask PF if they will accept a correspondence address in a bordering country.
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Old 27.05.2017, 19:42
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Re: Bank account for non-residents

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I see. Well we have never been charged anything at all, but we have been customers for a very long time and may be because we gave and maintain a CH address. Domicile/residency was not checked and won't be checked once the account is open and has money in it.

Since you already have the account, if you have some way of maintaining a postal address in CH, you can avoid the hassle of the charge and keep the account open.
So you are not a non resident but a resident as far as the bank is concerned so your earlier post is total crap.

If you get caught doing this, the bank account is frozen, they will then run checks on the transactions and debit your account for the expenses, if their is anything left over at the end, you have 5 working days to move it or lose it, so another piece of sterling advice from you
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Old 27.05.2017, 19:48
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Re: Bank account for non-residents

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Are you moving to a bordering country perchance?
No, does it change anything?
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Old 27.05.2017, 19:55
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No, does it change anything?
It may have done, but you would have to query it with PF. Their rules and fees may well have changed since we opened my partner's account.
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Old 27.05.2017, 19:56
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Re: Bank account for non-residents

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If you get caught doing this, the bank account is frozen, they will then run checks on the transactions and debit your account for the expenses, if their is anything left over at the end, you have 5 working days to move it or lose it, so another piece of sterling advice from you
It does sound serious ;-), so that's why I will just pay a fee.
After a deeper research, Migrosbank and Coop bank (rebranded to Cler) seem promising.
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Old 27.05.2017, 19:58
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Re: Bank account for non-residents

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It may have done, but you would have to query it with PF. Their rules and fees may well have changed since we opened my partner's account.
With PF the case is simple (this is why I created this thread ;-): your address is abroad, you pay 25/month.
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Old 27.05.2017, 20:10
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It may have done, but you would have to query it with PF. Their rules and fees may well have changed since we opened my partner's account.
You really have no idea whatsoever.
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Old 28.05.2017, 07:05
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Re: Bank account for non-residents

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With PF the case is simple (this is why I created this thread ;-): your address is abroad, you pay 25/month.
Exactly, which is why you'll want to keep a CH postal address to keep the account fee-free like ours are.

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So you are not a non resident but a resident as far as the bank is concerned so your earlier post is total crap.

If you get caught doing this, the bank account is frozen, they will then run checks on the transactions and debit your account for the expenses, if their is anything left over at the end, you have 5 working days to move it or lose it, so another piece of sterling advice from you
What nonsense! We were all non-residents when we opened the accounts. We were not asked for our overseas address (this is not shown on passports) and did not provide one. We provided our CH address. It was very simple. We have been happy with PF as customers for over 20 years. My aunt and partner maintain their PF accounts in CH fee-free even as non-residents as the accounts have been domiciled at a CH address, where they receive mail for many other things in CH as well. I became a resident here within a couple of years after opening the account in any case so it is not an issue.

Maybe things were done differently 20 years ago. My partner's account was only opened about 5 years ago and the procedure was still identical to that of the 90s.

But it is certain that you definitely do not need to be a resident of CH to be able to open and maintain an account here. Only a fool would believe otherwise.

Last edited by koblenz; 28.05.2017 at 07:16. Reason: add
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Old 28.05.2017, 08:01
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Re: Bank account for non-residents

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Exactly, which is why you'll want to keep a CH postal address to keep the account fee-free like ours are.
Ok, I'll check with PF are they fine with having a postal address in Switzerland, while I'm abroad.
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Old 28.05.2017, 08:43
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Re: Bank account for non-residents

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Ok, I'll check with PF are they fine with having a postal address in Switzerland, while I'm abroad.
It should be a simple matter of changing your address with them to somewhere in CH where you can receive mail.
PF (and other banks) are not immigration, nor are they the town hall. You are entitled to privacy and where you are legally resident should not come up. It never has done for us.
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