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You are here: Home Finance & Business Banking Editor's Guide: Banking in Switzerland

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20/03/2012Editor's Guide: Banking in Switzerland

Editor's Guide: Banking in Switzerland Here's a short introduction to our Banking section for those living in Switzerland.

If you're an expat, you'll probably want to open a bank account abroad. The paperwork associated with expat banking can be a hassle at first, but it often eliminates the fees associated with withdrawing cash from back home.

Overseas savings accounts also give you quick access to cash and a face-to-face relationship with local financial advisers who can help you with international mortgages and other loans. Different countries have different rules on foreigners' accounts, so check out "How to open a Swiss bank account" and "Banking in Switzerland" to learn more. Completely new to the credit cards of Europe? Read how plastic works within Europe.

Choosing a local bank
Before you open an expat bank account, make sure that you know who owns the bank, its credit worthiness and which jurisdiction it falls under. As one of our experts advises, “In light of recent turbulence in the banking sector, you need to know if your bank deposits are protected by any government scheme. Each jurisdiction has a different position on this, and offshore accounts in particular should be checked.”

Keeping up-to-date
Expatica’s banking channel keeps you up-to-date with news from the financial world. Articles cover everything from the local and worldwide economic climate to mergers and acquisitions in the banking sector.

Ask the expert
Expert articles include the most cost-effective ways of transferring money abroad and choosing a bank. You can find expert tips in articles like "Expert tips: How to invest your money wisely" or make use of our Ask the Expert section to pose your questions on your specific needs as an expat. Questions answered by our experts include: “How can I open a bank account while I am in Europe?” and “What is an IBAN number and where can I get one?”


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