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Old 29.03.2020, 19:55
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Re: Are your bank deposits exposed to potential bank bail in?

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Yes seems like the obvious, but there are restrictions on how much you can take from a savings account at once/in a year so not sure if it's feasible.
As much as you can move. If you have limits there is not much you can do about it.

I think we are quite far away from a potential big bank failure in any case.
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  #22  
Old 01.04.2020, 14:07
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Re: Are your bank deposits exposed to potential bank bail in?

Hi,
one question about state coverage for normal folks - what if my combined assets at given bank (PostFinance) exceed 100,000 CHF but each account doesn't? I have regular account and 3a savings there.
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  #23  
Old 01.04.2020, 19:29
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Re: Are your bank deposits exposed to potential bank bail in?

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Where is the 250k figure coming from?

I thought Swiss bank accounts are backed by the government up to 100k per account, everything above that is a loss
No mention of 250k in the OP's link.

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If there is no prospect of restructuring, FINMA will withdraw the bank’s license, order its liquidation due to bankruptcy and announce this publicly. The aim of the bankruptcy procedure is to meet the claims of all creditors equally in accordance with their ranking. Immediately after the opening of the bankruptcy proceedings, the privileged deposits of the bank’s customers up to a maximum of CHF 100,000 per depositor are paid out immediately from the available liquid assets of the bankrupt institution. If the liquid assets are insufficient to pay this amount, the shortfall up to the limit of CHF 100,000 for privileged deposits held at branches in Switzerland (insured deposits) is covered by the deposit insurance scheme as far as possible.
...

Hierarchy: There are clear rules for the bail-in, particularly on the hierarchy according to which creditor claims are converted. First equity capital is written down, subordinated claims are converted, then the other senior
debt and only after that the non-preferred deposits (i.e. deposits over CHF 100,000). Privileged claims – particularly deposits of up to CHF 100,000 – as well as secured claims and claims eligible for netting are excluded from a bail-in.
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  #24  
Old 01.04.2020, 21:38
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Re: Are your bank deposits exposed to potential bank bail in?

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Yes seems like the obvious, but there are restrictions on how much you can take from a savings account at once/in a year so not sure if it's feasible.

I had the same situation last year with UBS while I was "in between" properties. Needed somewhere to park the money. After speaking to my branch manager, I figured out that they were pretty desperate to give me a mortgage. They were willing to forego the withdrawal fee completely if I took up the mortgage with them, but their mortgage was relatively expensive. But there were also other things to negotiate with and in the end they came up with an acceptable banking package for me. So... speak to your manager.
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