Opening a bank account in Switzerland as a non-resident in 2025 requires meticulous preparation of documents, proof of the origin of funds, and selection of the right bank. This guide walks you through the entire process, from advantages and requirements to step-by-step instructions and bank comparisons. ## Key information (Key Takeaways) Who this guide is for: Investors, expats, entrepreneurs and all non-residents wishing to diversify assets and gain access to the Swiss financial system. Main advantages: Stability, access to global investments, currency diversification. Basic requirements: Proof of identity, address and legal origin of funds. Key facts: - Minimum deposit: from CHF 1,000 to CHF 2,000,000+ (depending on bank type) - Remote opening: Possible with most banks via video identification - Main requirement: Transparent origin of funds (KYC/AML compliance) - Banking secrecy: Limited due to AEOI/CRS automatic exchange > "Over the past eight years, I have guided more than 300 international clients through the Swiss banking system. Success depends on transparent documentation and understanding that Swiss banks today operate under strict global compliance standards." — Markus Pritzker, SwissFirma

Key Facts for Non-Residents (2025)

Minimum Deposit CHF 1,000+

From digital to private banks.

Remote Opening Possible

Via video identification with most banks.

Core Requirement Proof of Funds

Full transparency on fund origin is mandatory.

Banking Secrecy Limited

Due to AEOI/CRS automatic data exchange.

{{cta:cta-1}} ## Why choose Swiss banks: advantages and modern realities Switzerland remains attractive for opening bank accounts due to its unique combination of political stability, advanced financial infrastructure, and access to global markets. However, the landscape has changed significantly: the era of absolute anonymity is over, replaced by transparent compliance with international standards. ### Political and economic stability of Switzerland Switzerland's political neutrality and legal certainty create a stable environment for banking. The Swiss franc (CHF) is recognized as a safe-haven currency, maintaining its value during global crises. > "The Federal Council aims for a strong, competitive and innovative financial centre with high standards of integrity." — Federal Department of Finance, Financial Services and Markets (2024) Switzerland consistently ranks in the top 10 of the IMD World Competitiveness Ranking, reinforcing its stable business environment and governance. ### The myth of "secret" accounts: what changed with the introduction of AEOI? > The era of full anonymity has passed. "Switzerland implements the OECD AEOI: financial institutions report account information annually to the Federal Tax Administration for exchange with partner states." — Federal Department of Finance, AEOI (2024) > "The legal basis entered into force on 1 January 2017; the first exchange of information took place in 2018." — Federal Department of Finance, AEOI (2024) Swiss banks now automatically transmit financial account data—including balances, interest, dividends, and proceeds from sales of financial assets—to tax authorities of the account holder's country of residence. Important: Swiss banking confidentiality still exists, but it is now balanced with international transparency. Banks maintain high standards of client confidentiality within the framework of legal compliance, but "secret" accounts are no longer possible.

Swiss Banking Secrecy: Reality vs. Myth

The Myth (Pre-2017)

•
Absolute client anonymity.
•
No automatic data sharing with foreign tax authorities.
•
Perceived as a tool to hide assets.

The Reality (2017 Onwards)

•
Confidentiality within legal frameworks.
•
Automatic Exchange of Information (AEOI) is active.
•
Account data is reported to the client's home tax authority.

### Access to global investment opportunities and asset management Swiss banks provide access to: - Global stock exchanges (SIX Swiss Exchange, NYSE, NASDAQ, Euronext) - Bond markets (government and corporate bonds) - ETFs and index funds across asset classes and regions - Forex trading and precious metals (gold, silver, platinum) - Structured products and alternative investments - Professional asset management and discretionary portfolio management Swiss banks invest heavily in digital transformation, integrating blockchain and fintech innovations while preserving regulatory compliance. {{cta:cta-1}} ## Opening an account in Switzerland for non-residents: requirements and conditions Disclaimer: This information is general in nature and does not replace consultation with a specialist. Opening a bank account in Switzerland for a non-resident in 2025 requires strict compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures. > "Due diligence includes identifying the contracting party, establishing the beneficial owner and clarifying the relationship's background and purpose." — FINMA, Anti-Money Laundering (2024) Banks conduct enhanced due diligence, including World-Check screening and sanctions checks, to verify the legitimacy of funds. ### Who can open an account in a Swiss bank? General criteria for non-resident individuals: - Adults (18 years and older) - Individuals able to confirm the legal origin of funds - Residents of countries not under severe international sanctions - Individuals ready to provide a complete package of documents for KYC Important: Some banks exclude clients from certain high-risk jurisdictions or politically exposed persons (PEPs) without enhanced due diligence. U.S. citizens can open accounts only with FATCA-compliant Swiss banks. ### Necessary package of documents (KYC/AML) #### Identity document (certified passport) A valid passport with at least six months' validity beyond the application date is required. Many banks require a certified copy of the passport, certified by a notary public, Swiss embassy, or qualified legal professional. Secondary ID (national ID card or driver's license) may be required for enhanced verification. #### Proof of residential address (utility bill) Recent proof of address (utility bill, bank statement, lease agreement) issued within the last 3–6 months. The document must clearly show the applicant's name and current residential address. #### Documents confirming the origin of funds (Proof of Funds) Detailed proof of the legal source of funds is mandatory. Swiss banks accept the following documents: 1. Employment contracts and salary slips confirming regular income from employment 2. Tax declarations and certificates from employers serving as proof of the legality of income 3. Real estate or other property sale agreements confirming the sale of assets 4. Bank statements from previous accounts reflecting the movement of funds 5. Inheritance documents confirming the receipt of inherited funds 6. Business registration, financial statements, and tax returns for entrepreneurs 7. Investment statements, brokerage accounts, or sale agreements for assets > "Financial intermediaries must identify beneficial owners and clarify the purpose and background of the business relationship." — FINMA, Anti-Money Laundering (2024) Banks conduct enhanced due diligence, including World-Check screening and sanctions checks, to verify the legitimacy of funds. Be prepared to explain the history of the funds and provide supporting documentation. ### Special requirements for U.S. citizens: FATCA requirements > "Switzerland cooperates with the United States under FATCA; Swiss financial institutions report account information to ensure US tax compliance." — Federal Tax Administration, International Tax Cooperation (2024) The Foreign Account Tax Compliance Act (FATCA) obliges Swiss banks to report to the U.S. Internal Revenue Service (IRS). U.S. citizens must comply with FATCA; only FATCA-compliant Swiss banks accept U.S. persons. Required documents for U.S. citizens: - U.S. Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) - U.S. tax residency confirmation and W-9/W-8BEN forms - Bank statements and proof of source of funds For more details on Swiss accounts for US-owned entities, see Swiss account for US-owned corporations, trusts, foundations. {{cta:cta-1}} ## Step-by-step guide: how to open an account in a Swiss bank

How to Open a Personal Account: 4 Steps

Choose Bank

Select a bank based on deposit size, fees, and specialization (e.g., private, digital).

Prepare Docs

Gather passport, proof of address, tax ID, and detailed proof of funds origin (KYC/AML).

Submit App

Apply online via video ID or in-person. Await compliance clearance (7-30 days).

Activate

Make the initial deposit from a verified source to activate the account and get access.

### Step 1: choosing the right bank and account type Identify the purpose: personal banking, investment, business, or private banking. Compare banks by: - Minimum deposit and fees - Investment products and access to global markets - Online banking and mobile app quality - Acceptance of non-residents and U.S. clients (if applicable) Options include: - Large universal banks (UBS, Credit Suisse—now part of UBS) - Retail banks (PostFinance, Raiffeisen) - Private banks and wealth managers - Digital/fintech banks (Dukascopy, Swissquote) Market practice shows minimum deposits starting at CHF 1,000 for digital banks. Premium private banks and wealth management services typically require CHF 500,000 or more as a minimum deposit. For next steps, see Bank account in Switzerland: your next steps. ### Step 2: preparing documents and passing compliance checks Gather the complete package: - Valid passport (certified copy) - Proof of address (utility bill, lease) - Tax ID/TIN and tax residency certificate - Detailed proof of source of funds Expect enhanced due diligence, including: - World-Check and sanctions screening - Possible interviews with compliance officers - Ongoing monitoring and periodic re-screening Banks require exhaustive documentation on the origin of funds (contracts, salary slips, inheritance documents), and sometimes letters of recommendation. Personal meetings or video calls for KYC are standard. ### Step 3: submitting the application (personal visit vs. online) Many banks allow remote account opening, but often require: - Certified documents - Notarization or apostille - Power of attorney via a Swiss lawyer (for some banks) In-person opening can be faster and smoother, but is not always mandatory. The process typically takes 7–30 days, depending on the bank and completeness of documents. ### How to open an account in a Swiss bank online Remote account opening is widely accepted in 2025, with video identification replacing mandatory physical presence. The process includes: 1. Choosing a bank with an online opening option (e.g., Swissquote, Dukascopy) 2. Filling out an online application form 3. Passing video identification via camera device 4. Using a digital signature for documents Example: Swissquote online opening process Swissquote allows opening an account online in 5-10 minutes, including registration, uploading passport or ID, proof of address confirmation, and video identification through the device's camera, with confirmation via SMS or email for security. Video identification requires filming the passport or ID and confirming identity in real time, which complies with Swiss regulatory requirements for combating money laundering and KYC. Example: Dukascopy Bank video-ID Dukascopy Bank offers video-identification technology for Swiss and foreign banks, with a full video-ID process for client onboarding available 24/7 worldwide through web and mobile applications (Dukascopy Connect 911). ### Step 4: making the initial deposit and activating the account Transfer the minimum required deposit (typically CHF 1,000 or more for digital banks, CHF 10,000+ for traditional banks) from an existing account. The bank will verify the source of these funds as part of ongoing KYC. Once the deposit is confirmed and compliance checks are passed, the account is activated, and online banking access is provided. {{cta:cta-1}} ## Comparison of banks for opening an account: UBS, Raiffeisen and others Choosing the right bank depends on your financial goals, minimum deposit requirements, and the level of service you need. Below is a comparison of key parameters for major Swiss banks serving non-residents.

Bank	Type	Min. deposit (non-residents)	Annual maintenance cost	Online opening	Main specialization
UBS	Universal/Private	CHF 10,000+ (standard); CHF 100,000+ (private banking)	CHF 3–9/month (standard); CHF 50–200+/month (private)	Yes, with conditions	Wealth management, global markets access
PostFinance	Retail	CHF 1,000	CHF 5–20/month	Yes (residents only via app)	Payment services, retail banking
Raiffeisen	Cooperative/Retail	No clear minimum disclosed	CHF 10–30/month	Depends on branch	Retail and SME banking
Swissquote	Online/Digital	CHF 1,000	Low or zero (activity-based)	Yes, fully online	Online trading, investment services
Dukascopy	Online/Digital	CHF 5,000 (Savings account: USD 100,000)	Low or zero (activity-based)	Yes, fully online	Forex, CFD trading, crypto custody

UBS: One of the largest Swiss banks, managing assets of approximately USD 1.7 trillion. UBS offers access to global markets, professional asset management, and multi-currency accounts. Monthly fees range from CHF 3 (with CHF 10,000+ assets or mortgage) to CHF 9 (paper statements, lower assets). Accepts non-residents and U.S. clients through FATCA-compliant structures. Note: UBS Key4 may not accept US ID for online opening. PostFinance: Operated by the Swiss postal service. To open an account via the Post Finance app, you must be a new customer aged over 18 and a legal resident of Switzerland already. Private accounts offered in CHF, EUR and 8 other foreign currencies. Known for competitive rates and free student accounts. Raiffeisen: Cooperative bank with convenient accounts in CHF and EUR, with linked Visa debit cards. Full range of banking services available including mortgages and pensions. Website available in German, Italian and French. Swissquote: Fully online account opening in 5–10 minutes. Low minimum deposit (CHF 1,000). Specializes in online trading and investment services. Dukascopy Bank SA: A full-fledged bank regulated by FINMA, authorized to conduct banking activities and securities firm operations. Dukascopy offers non-residents trading services (Forex, CFD, stocks, indices, bonds, ETFs, cryptocurrencies), multi-currency accounts, and crypto services (exchange and fiduciary custody of cryptocurrencies). For a Savings account providing access to fiduciary crypto services, an MCA account with planned deposits above USD 100,000 is required. "Deposits up to CHF 100,000 per client and per bank are protected by the Swiss deposit guarantee." — Esisuisse, Deposit Guarantee Scheme (2024) For fintech and digital banking options, see Set up a fintech company in Switzerland. ## Opening a corporate (business) account in Switzerland Disclaimer: This information is general in nature and does not replace consultation with a specialist. Opening a corporate bank account in Switzerland for a foreign company in 2025 requires comprehensive documentation proving legal status, ownership, and real economic activity ("substance"), including business plans and financial reports, with strict due diligence on directors and beneficial owners. ### Requirements for the company Banks require a full set of documents: - Company registration certificates - Articles of association - Financial statements confirming real economic activity - Shareholder registers - Identification of beneficial owners A detailed business plan or activity description must explain the company's financial flows, services or goods sold, transaction volumes, counterparties, and geographic scope to demonstrate economic substance and compliance with global standards. ### Necessary corporate documents Mandatory corporate documents include: 1. Certificate of Incorporation and Articles of Association as the main founding documents of the company 2. Certificate of Good Standing (for companies older than 6 months), issued no later than 3–12 months before submission 3. Certificate of Incumbency confirming the composition of directors and persons with signing authority 4. Documents confirming ownership structure: shareholder register and, in case of complex structure, a holding chain diagram to the ultimate beneficial owner 5. Board of Directors resolution (or equivalent decision) on the appointment of persons with signing authority on the bank account to confirm authority "Financial intermediaries must identify beneficial owners and clarify the purpose and background of the business relationship." — FINMA, Anti-Money Laundering (2024) Directors and management must have impeccable reputations, with no criminal records, and provide passports and proof of professional qualifications. Banks also assess the origin of funds and the legitimacy of income sources. Minimum initial deposits vary by bank and risk profile, typically from CHF 10,000 to CHF 100,000 for foreign companies. Swiss commercial companies often do not require a deposit, but full disclosure of share capital is mandatory to support financial stability. Remote account opening is possible but limited to large banks with sufficient resources. The process involves multiple stages including preliminary consultation, document preparation, and formal application submission, with no instant account opening. For company management support, see Company management in Switzerland.

Corporate Account: Document & Verification Flow

1. The Company

• Certificate of Incorporation
• Articles of Association
• Certificate of Good Standing
• Business Plan & Activity Proof

2. The People (UBOs & Directors)

• Certified Passport Copies
• Proof of Residential Address
• Shareholder Register / Org Chart
• Proof of Funds Origin

3. The Bank's Due Diligence

Enhanced KYC/AML Checks
World-Check & Sanctions Screening
Verification of Economic Substance
Final Compliance Approval

## Regulation and compliance: AML, CRS and banking secrecy Disclaimer: This information is general in nature and does not replace consultation with a specialist. In 2025, Swiss banks impose strict AML and CRS compliance on non-residents, requiring high minimum deposits (often ≥CHF 10,000 for standard accounts, ≥CHF 1,000,000 for private banking), comprehensive KYC documentation including source of funds, and full tax transparency under CRS, with remote onboarding possible but rigorous due diligence mandatory. Key regulatory requirements: - KYC (Know Your Customer): Detailed verification of identity, proof of address, exhaustive documentation on the origin of funds - AML (Anti-Money Laundering): Enhanced due diligence and sanctions screening - AEOI (Automatic Exchange of Information): Automatic exchange of tax information with clients' countries of residence Swiss banks apply enhanced due diligence and may refuse service to clients from FATF high-risk jurisdictions without explanation, reflecting tightened AML controls and global regulatory alignment. ### Offshore account in Switzerland: what does it mean today? An offshore account in Switzerland today is a legally compliant financial instrument for asset diversification, subject to strict regulatory oversight, transparency, and substance requirements, not a tool for tax evasion. Swiss banks maintain high stability and regulatory standards with rigorous compliance and transparency, ensuring offshore accounts are legal and monitored financial tools for asset protection and diversification. Offshore accounts in Switzerland require full disclosure of ultimate beneficial owners (UBOs), adherence to anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, and economic substance, making tax evasion difficult and illegal. Switzerland has double taxation treaties with 90 countries, no currency controls, and excludes many investment incomes from local taxation, supporting legitimate tax planning and asset protection rather than evasion. Offshore Swiss accounts are subject to annual financial reporting, audits, and compliance with international standards such as IFRS, reinforcing their legal use for diversification and inheritance planning. ### Swiss deposit insurance system (Esisuisse) Esisuisse is the Swiss deposit guarantee scheme, which protects client deposits up to CHF 100,000 per client per bank in the event of a bank failure. This protection applies to both residents and non-residents. "Deposits up to CHF 100,000 per client and per bank are protected by the Swiss deposit guarantee." — Esisuisse, Deposit Guarantee Scheme (2024) Esisuisse, an association managing the Swiss deposit insurance system, was created in 2005 in accordance with the Swiss Banking Act. All Swiss banks that are members of Esisuisse are required to participate in the deposit insurance system, which guarantees the return of funds to depositors in the event of bank bankruptcy. Insurance covers protected deposits, including all deposits and accounts of a client in one bank, which are summed up to determine coverage. Securities and investment products are not included in Esisuisse coverage. Amounts above CHF 100,000 are not covered by the guarantee and are subject to the bank's general insolvency rules. ## Alternatives to Swiss banking: comparison with Hong Kong and Singapore While Switzerland remains a leading jurisdiction for banking, investors may consider other financial centers. Below is a comparison of key parameters for Switzerland, Singapore, and Hong Kong in 2025.

Parameter	Switzerland	Singapore	Hong Kong
Confidentiality level (considering AEOI)	High banking confidentiality traditions, but complies with AEOI since 2017; strong data protection frameworks	Complies fully with AEOI; strong data protection frameworks	Complies fully with AEOI; some political uncertainties affect perception
Political and economic stability	Top globally for political neutrality and economic stability (IMD 2025)	Strong governance, judicial independence, stable economic policies	Economically robust as gateway to China, but recent governance changes create uncertainties
Minimum deposit requirements	CHF 1,000–2,000,000+ (digital to private banking)	Low or no mandatory minimum deposits for most accounts	Low or no mandatory minimum deposits for most accounts
Investment opportunities	Access to global markets, structured products, precious metals, professional asset management	Access to Asian and global markets, strong fintech integration	Access to Chinese and global markets, strong capital markets
Ease of account opening for non-residents	More stringent KYC and due diligence; remote opening possible but with conditions	Streamlined processes with digital onboarding; fewer restrictions	Streamlined processes with digital onboarding; fewer restrictions

Key insights: - Switzerland leads in confidentiality despite AEOI compliance and maintains the strongest tradition of banking privacy - Singapore shows the highest political and economic stability with strong governance and judicial independence - Hong Kong and Singapore have low or no minimum deposit requirements, facilitating startups and SMEs - Singapore and Hong Kong provide relatively easier account opening for non-residents compared to Switzerland For investment context, see Investing in Switzerland and Why invest in Switzerland.

Financial Hubs at a Glance: 2025

Switzerland

Stability: Top-tier political & economic neutrality.

Confidentiality: High, balanced with AEOI compliance.

Access: Stringent KYC, remote opening possible.

Min. Deposit: High (CHF 1k - 2M+).

Singapore

Stability: Strong governance and judicial independence.

Confidentiality: Strong data protection, AEOI compliant.

Access: Streamlined digital onboarding.

Min. Deposit: Low or none for most accounts.

Hong Kong

Stability: Economically robust, some political uncertainty.

Confidentiality: AEOI compliant, subject to political climate.

Access: Streamlined, but influenced by geopolitics.

Min. Deposit: Low or none for most accounts.

{{cta:cta-1}} ## Professional assistance in opening an account Professional financial consultants provide support in selecting a bank, preparing and processing a complete package of documents, and conducting communication with the bank, which reduces the risk of refusal and speeds up the process of opening an account in Switzerland. Advantages of attracting consultants: 1. Bank selection: Consultants help select the most suitable bank taking into account the specifics of the client and their financial strategy, which increases the chances of successful opening and further account servicing 2. Document preparation: They help collect and process a comprehensive package of documents, including passport data, proof of address, documents on the origin of funds and charter documents of companies, which is mandatory for Swiss banks and minimizes the risk of refusal due to errors in documents 3. Communication with the bank: They act as official representatives of clients, conduct negotiations and communication with banks, including passing KYC and AML procedures, and can also organize personal or remote meetings with the bank, which is especially important when opening an account remotely 4. Compliance support: Consultants ensure compliance with regulatory requirements and internal banking rules, including preparation for in-depth verification of the origin of funds and tax residency, which reduces bureaucratic barriers and speeds up account activation At SwissFirma, we provide comprehensive support for opening bank accounts in Switzerland for non-residents. Our services include preliminary consultation, document preparation, communication with banks, and ongoing support after account activation. Contact us for a personalized plan. Conclusion: Opening a bank account in Switzerland as a non-resident in 2025 is a transparent, regulated process that requires thorough preparation and compliance with international standards. Swiss banks offer stability, access to global markets, and professional service, but no longer provide "secret" accounts. Success depends on transparent documentation, understanding of AEOI/FATCA requirements, and selection of the right bank for your financial goals. For personalized assistance with opening a Swiss bank account, contact SwissFirma. We provide comprehensive support from bank selection to account activation, ensuring compliance with all regulatory requirements and minimizing the risk of refusal.

How to open a bank account in Switzerland: complete guide for non-residents in 2026