Complete application form: As in other countries, you will need to fill out a form with your personal details. This process can be done online at many Swiss banks, especially neobanks, which have fast and easy systems.
Tax compliance declaration: Since Switzerland follows strict international regulations, many banking institutions will ask you for a declaration about your tax status in your home country or proof that you are up to date with your tax obligations . This is one of the few differences you will find with opening an account in another country.
Now that you know that having a bank account malaysia phone number library in Switzerland and the documents you need to prepare to open one can be very helpful, we need to talk about banks. Did you know that there are different types of banking institutions? Not just in Switzerland, but everywhere. In Switzerland, in particular, you can choose between international banks, Cantonese banks, neobanks, Raiffeisen banks, and private banks or wealth management banks. Let's see what each one consists of.
Types of banks in Switzerland for foreigners
Types of banks in Switzerland for foreigners @shutterstock
Neobanks or digital banks
Neobanks are financial institutions that operate online. This model eliminates physical branches and prioritizes technology to offer fast, efficient and bureaucracy-free solutions. Their practical approach makes them perfect allies for foreigners looking to open a bank account in Switzerland without complicating their lives.