How Do You Open A Swiss Bank Account In Person?
Switzerland is renowned for its financial services industry, protective banking privacy laws and openness to foreign investment. Opening a bank account in person is not necessary for all the major banks in Switzerland, but it’s possible to do so to ensure privacy or as a convenience when visiting the country. IRS regulations mandate that all US citizens report foreign bank accounts larger than $10,000. Gather extensive bank records and documentation of your income. Swiss banking laws restrict the depositing of money obtained through criminal activity. If you can’t document the passage of your funds, a bank may refuse to allow you to open a deposit. You will also need a valid passport to travel to Switzerland and to present identification when you open an account. Choose the Swiss bank with which you would like to do business. The two largest Swiss banks are Credit Suisse and UBS, both of which offer customer service in English. There are hundreds of other major Swiss banks as well, but
