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  #21  
Old 02.06.2011, 17:07
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Re: Swiss Bank Account Closed by Bank

Have you checked how long a forwarding order if valid? When we moved we only were allowed one year of mail forwarding. Since we went with a property manager as well we changed the address to the agent's office and didn't worry about the forwarding order expiring.

Whatever happened with your mortgage? We you able to refinance?
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  #22  
Old 02.06.2011, 17:27
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Re: Swiss Bank Account Closed by Bank

You are correct miniMia, the forwarding order is for one year which was CHF 40. For CHF 210 you can get a permanent order. I chose the temp one for now, as this whole thing is a kind of awkward experiment.

Yes, thankfully was able to complete the refinance!! Can you believe it took 10 months to resolve?? Amazing. There were title issues complicating the matter, but now I have a 10 year loan.
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  #23  
Old 02.06.2011, 17:40
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Re: Swiss Bank Account Closed by Bank

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You are correct miniMia, the forwarding order is for one year which was CHF 40. For CHF 210 you can get a permanent order. I chose the temp one for now, as this whole thing is a kind of awkward experiment.
Ah. I don't even think I saw the permanent over option. Well, I didn't look to be honest as in our case it wasn't needed.

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Yes, thankfully was able to complete the refinance!! Can you believe it took 10 months to resolve?? Amazing. There were title issues complicating the matter, but now I have a 10 year loan.
Sure I believe it! If you don't live & work in the country where the property is it gets complicated to get a mortgage. We will need to go through that when we get back to CH as we want to buy a house in France but DH works in CH.
Anyway, I'm glad you worked it out.
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  #24  
Old 28.06.2011, 13:59
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Sepa

if you need a bank account to pay bills in Switzerland, you can set one up at any bank in Europe: http://www.currency-iso.org/tksepa_home.htm

Although the Euro is neither used in Switzerland nor in the UK, both coutries (as well as the whole EC) are members of the Single European Payment Area. Wiring money inside SEPA is not more expensive than a local money transfer. I don't know if there are some special regulations that require a swiss bank account for any purpose but only from a technical perspective since 2008 it is not necessary any more.

For english speaking customers using a bank in the UK or Ireland might be a good option.
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  #25  
Old 28.06.2011, 14:53
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Re: Swiss Bank Account Closed by Bank

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My employer say I need to close my bank acoount when I leave CH but there must be some kind of time limit. I mean I need my account to get some payments like insureance refunded. Anyone who knows how long I can keep my account?

And do the banks care? I mean they want to keep their customers and I dont think the authoroties have the right to see who owns a special account. I guess some banks just dont care about the rules.
I had my Swiss bank account open after I left Switzerland for the first time. However, I didn't notify the banks anything and all correspondence was sent to my office which then got forwarded to me in the US. I eventually closed the account about 5 months after I left (so that I can be a new client again when I return!). This was with UBS and they never tried or did anything to close my account. I'm a US citizen.
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  #26  
Old 01.07.2011, 06:10
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Re: Swiss Bank Account Closed by Bank

Thanks for the info Austrian, but as the bills are paid from rental income in CHF, then that's alot of back and fourth between the currencies. Trying to avoid that.

For the EF crowd - the update is this... I finally received the Post Finance on line account info, and all seems to be working fine!!! Mind you, there are several "tricks" to this process!!! If anyone is interested in the complicated machinations I'm glad to advise.

So for the moment that part seems to be resolved. However, there is an update with BCV. I recently received papers to sign which forbid me to communicate with them, or for them to communicate with me in ANY way - be in electronic, email, post, fax, phone, ANYTHING! I have to assign an "Agent" to receive my post from the bank, and also THEY are not allowed to communicate anything regarding my accounts in any way either! Can you believe???

Really, how has it come to this? Why do I feel like a criminal without ever having broken the law, or intending to?? It's all quite spectacular...

Best to all!
Sassy
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  #27  
Old 01.07.2011, 09:56
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Re: Swiss Bank Account Closed by Bank

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Really, how has it come to this? Why do I feel like a criminal without ever having broken the law, or intending to?? It's all quite spectacular...
Ask your politicians...
;-)
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