🇨🇭 Opening a Bank Account in Switzerland

Honest assessment of business banking for foreign founders in Switzerland.

Ease of opening:

4/5

Typical timeline: 2–4 weeks

Best Answer

Swiss banking is excellent but expensive. Major banks (UBS, Credit Suisse/UBS, Julius Baer, Zurich Cantonal Bank) provide world-class services but charge accordingly — expect CHF 100–500/month in account maintenance fees, plus transaction charges. Business accounts typically require a minimum balance of CHF 5,000–50,000. Swiss banks conduct thorough due diligence, particularly on the source of funds and UBO structure. For non-resident directors, expect additional documentation requirements and potentially longer onboarding. Digital alternatives (Amnis, Revolut Business) offer lower fees but may not carry the same prestige.

Tips for Success

Have all company formation documents ready before applying — trade licence, articles of association, certificate of incorporation.
Prepare a clear business plan or description of your business activities, even if the bank doesn't explicitly ask for one.
Consider digital/neo-banks as your first account — they typically have faster onboarding for new companies.
Apply to multiple banks simultaneously rather than sequentially — rejection at one doesn't affect others.

This content is educational and does not constitute legal or tax advice. Always consult a qualified professional for your specific situation. Data last verified March 2026.