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Old 16.05.2018, 10:57
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Mortgage and securities

Hey there,

I hold dual citizenship CH and US. Can anybody tell me which financial institution is willing to deal with US citizens when it comes to mortgages and securities (Wertschriften Depot). Btw, I don't have half a million to invest

Any information would be appreciated.
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Old 16.05.2018, 11:57
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Re: Mortgage and securities

This may help.

https://www.americanswelcome.swiss/

Otherwise talk to UBS and Credit Suisse to see if they'll take you on. You'll need to sign a W-9 form to open any account so the bank can pass the details on to the IRS.

You'll also have continuing US tax filing obligations and could owe the US tax on top of your Swiss ones. Start your research on that here:

https://www.irs.gov/individuals/inte...-aliens-abroad

And any foreign account/s which comes to an aggregate figure of more than $10,000 at any time of the year also has to be reported on an FBAR form.
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Old 16.05.2018, 17:46
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Re: Mortgage and securities

Thanks for the info.
I am filing US tax returns and FBAR.

I was just informed by UBS that the minimum investments amount in order to own/trade securities is now 500'000 CHF. I currently have an account (Depot) with UBS but it is a lot less than 500'000 CHF. They are forcing me to either transfer elsewhere or sell everything. I am pretty sure that also goes for Credit Suisse.
Just trying to find out if there is an institution that will deal with smaller amounts.
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Old 16.05.2018, 18:05
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Re: Mortgage and securities

The below thread discusses bank account options for CH/US citizens in CH. Take the list of banks at post #7 with a grain of salt:

https://www.englishforum.ch/finance-...itzerland.html

For a security account, which would offer primarily U.S. securities, you could try Charles Schwab, London branch, at this link:

http://www.schwab.co.uk/public/schwa...pat_essentials

Good luck to you!
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Old 16.05.2018, 20:03
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Re: Mortgage and securities

interactivebrokers.com
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