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  #1  
Old 03.07.2011, 17:29
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Evidence of sufficient financials means

Hello,
I am a French student enrolled at the ETH university (Zürich). I have a problem for the evidence of sufficient financial ressources : I have to proove that I have CHF 21000 / year.
The problem is that I don't have this money.
I have a scholarship of CHF 440 during 10 months. So it is CHF 4400 that I can justify. I have also CHF 5000 on my bank account.

Thus I have in total CHF 9400. Remains CHF 11600.

So I have 3 questions :
1- Can I use my scholarship to proove the CHF 21000?
2- Is "Société Générale" has a branch in Switzerland? Because I need to have an account on a bank who has a branch in Switzerland
3-Can I borrow CHF 11600 from a Swiss bank (UBS or Credit Suisse for example)?

Thank you for your answer!
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  #2  
Old 03.07.2011, 22:48
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Re: Evidence of sufficient financials means

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1- Can I use my scholarship to proove the CHF 21000?
No, you can use it to prove CHF 4400.

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2- Is "Société Générale" has a branch in Switzerland? Because I need to have an account on a bank who has a branch in Switzerland
Google is your friend.

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3-Can I borrow CHF 11600 from a Swiss bank (UBS or Credit Suisse for example)?
As a student with no source of income other than the scholarship? Not likely. Have you tried your own government for a career development loan?
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  #3  
Old 05.07.2011, 13:27
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Re: Evidence of sufficient financials means

Thank you for your kindness,
I look on internet for Société Générale, but I only saw Société Générale Investment banking, which is not a retail bank.
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Old 05.07.2011, 14:03
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Re: Evidence of sufficient financials means

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Thank you for your kindness,
I look on internet for Société Générale, but I only saw Société Générale Investment banking, which is not a retail bank.
Which answers your question I think! Most of the French banks are not very active in CH for day to day banking.
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Old 05.07.2011, 14:19
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Re: Evidence of sufficient financials means

Hi .Tradition on EF dictates that new arrivals introduce themselves before opportuning upon the EF community with sensible or sometimes senseless questions.
Did you ask at your local Swiss bank about a loan? Or did you think that someone here would know better still?
Do you honestly think that if you borrow money, then it proves income?
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Old 05.07.2011, 14:29
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Re: Evidence of sufficient financials means

I think I can borrow money to prove the income.
The matter is whether I have sufficient financials means to live in Switzerland for one year and if a bank want to loan me the means it's the problem of me and the bank, don't you think so?
Moreover, repay CHF 21000 when I will start working will be easy for me with respect of what I am studying.

Anyway, I will try to borrow money and find a Swiss bank in Paris to create an account. I don't know if we have UBS or Credit Suisse though, I have to check.

And sorry grumpygit, I will present myself
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  #7  
Old 05.07.2011, 14:31
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Re: Evidence of sufficient financials means

They have private banks in Switzerland, there's one in Zurich (took one minute on google ) Societe Generale Private Banking ,Talstrasse 66, 8021 Zürich. Though I'm not sure if this is enough.

Could you not borrow the money from your parents, just to fulfil the requirements, then give it back once you have your permit. I doubt any Swiss bank will give a +10,000 CHF loan to a foreign student.

Are you already in the application process, or are you basing this on the requirements you read? When I applied for my student residence permit I just had to get a letter from my parents saying they'd support me, I didn't need to show any evidence.

Last edited by i_like_turtles; 05.07.2011 at 14:45. Reason: missed an I
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Old 05.07.2011, 14:37
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Re: Evidence of sufficient financials means

Okay thank you, I haven't seen this.
I am basing this on the requirement I read, and I saw in an other post you put this link : http://www.rektorat.ethz.ch/students..._master_EN.pdf
Where they are explaining the evidence of sufficient financials means. And you have been able to have your residence permit without showing any proof of CHF 21000 ?
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Old 05.07.2011, 14:45
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Re: Evidence of sufficient financials means

The bit about having 21,000 CHF is for students who require a visa. As you're from France this doesn't apply to you. If you look further up at section 2 (of the same document), 'Requirements for students without visa obligation' you'll see this
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...proof of having sufficient financial means (usually for EU and EFTA citizens a letter written by a family member or a warranty written by a person living in Switzerland explicitly stating that they will cover your living expenses during your stay in Switzerland is adequate.
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Old 05.07.2011, 15:21
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Re: Evidence of sufficient financials means

Okay, thank you for the information It was something that was disturbing me since few days!
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