What kinds of customers are allowed to open a Swiss bank account?
Just like a normal bank, almost any individual can open a Swiss bank account. Swiss bank accounts aren’t just for millionaires, criminals or government officials trying to hide ill-gotten wealth, or celebrities protecting their assets from former spouses. They’re available to anyone and average people, too, have Swiss bank accounts. People who live in countries with unstable governments and banks in particular often turn to Swiss banks because of their security and privacy. How does a Swiss Bank account work? A non-Swiss national must be at least 18 years of age to open an account in a Swiss bank. The application can be made by mail or in person. Usually, there is no minimum balance required to open a Swiss bank account. However, once the account holder starts making transactions, it becomes mandatory to maintain a minimum balance. This amount can differ from bank to bank and varies for different types of accounts. Account holders also have the facility to withdraw money in any currenc
