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Old 15.04.2020, 10:52
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bankn account international

Hi,

Any idea in which country outside CH it is possible to open an account without the need to have residency overthere?

Also, as requirement the fact that the bank/country should be reliable... so no little islands in the pacific ocean

I thought of UK channel islands, but they dont provide CHF accounts, only $//

thanks!
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Old 15.04.2020, 11:05
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Re: bankn account international

It very much depends on how much you have and what you want to do with it. Any bank offering a private banking service will offer this, but the minimum account opening is usually between CHF 250,000 and CHF 1 million. For a small current account it can be difficult, but you could try HSBC for smaller and larger amounts.
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Old 15.04.2020, 11:17
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Re: bankn account international

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Hi,

Any idea in which country outside CH it is possible to open an account without the need to have residency overthere?

Also, as requirement the fact that the bank/country should be reliable... so no little islands in the pacific ocean

I thought of UK channel islands, but they dont provide CHF accounts, only $//€

thanks!
Try HSBC in France. I think they can do it. And HSBC offers multiple currency accounts. It is very convenient if you want just to park money.
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Old 15.04.2020, 11:23
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Re: bankn account international

Hmm, Why do you even want a CHF account in another country that you are not resident in and have zero ties to when you are legally required to declare all accounts worldwide on your Swiss tax return?

My first thought would be to hide money and there are a whole host of banking regulations such as AML and KYC to stop people doing just that. Banks these days do not just let anyone open accounts without doing a ton of due diligence. If you are a US citizen there are also FATCA regulations
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Old 15.04.2020, 11:27
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Re: bankn account international

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Hmm, Why do you even want a CHF account in another country that you are not resident in and have zero ties to when you are legally required to declare all accounts worldwide on your Swiss tax return?

My first thought would be to hide money and there are a whole host of banking regulations such as AML and KYC to stop people doing just that. Banks these days do not just let anyone open accounts without doing a ton of due diligence. If you are a US citizen there are also FATCA regulations
diversification
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Old 15.04.2020, 11:45
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Re: bankn account international

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diversification

In case of Swiss bank bankruptcy?
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Old 15.04.2020, 11:52
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Re: bankn account international

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In case of Swiss bank bankruptcy?
Why not? If you have a large amount you may want to split it between different banks. There are also other reasons like costs or just need money where you take a lot of holidays.

In any case the OP has probably a reason and you can ask him what his/her reason is. I have no clue.

Personally, I have a CHF account in the UK and it is very convenient for me but this is because the particular bank's systems are (so far) very good. It allows me to pay via debit card across Switzerland with no fees.
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