Introduction

Managing your money through the Swiss banking system

If there’s one place in Switzerland where you can expect a warm welcome, it’s a Swiss bank. There are some 600 in Switzerland, so competition for your money is intense.

Introduction

You will probably not be surprised to hear that Switzerland has one of the most effective banking systems in the world. Financial operations are usually straight-forward and customer service is excellent. The world-famous secrecy in the banking industry covers all customer accounts. Foreigners are very welcome when it comes to parking their money in Switzerland.

The major Swiss banks are UBS and Crédit Suisse ( Schweizerische Kreditanstalt). However, the biggest banks don’t always offer the best conditions to private customers. There are quite a few smaller cantonal banks that offer excellent service for private customers - so shop around.

Opening hours

Banks usually open Monday to Friday from 8am to 4.30pm. Many banks open late one day a week, in major cities some branches also open on Saturday. Outside of cities, some smaller banks close for lunch.

In larger cities, you can also find 24 hour “automatic” service centres where you can change currencies, do transfers, withdraw money, buy travellers cheques etc. Most banks offer internet banking as a standard service.

You will probably not be surprised to hear that Switzerland has one of the most effective banking systems in the world. Financial operations are usually straight-forward and customer service is excellent. The world-famous secrecy in the banking industry covers all customer accounts. Foreigners are very welcome when it comes to parking their money in Switzerland.

The major Swiss banks are UBS and Crédit Suisse ( Schweizerische Kreditanstalt). However, the biggest banks don’t always offer the best conditions to private customers. There are quite a few smaller cantonal banks that offer excellent service for private customers - so shop around.

Opening hours

Banks usually open Monday to Friday from 8am to 4.30pm. Many banks open late one day a week, in major cities some branches also open on Saturday. Outside of cities, some smaller banks close for lunch.

In larger cities, you can also find 24 hour “automatic” service centres where you can change currencies, do transfers, withdraw money, buy travellers cheques etc. Most banks offer internet banking as a standard service.

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