Banking & Finance – Your Financial Start in Switzerland

The basics: The Swiss banking system

Switzerland is world-renowned for its stable and secure banking system. Banks provide comprehensive services for private individuals, corporates, and investors. A Swiss bank account is essential for payment transactions, salary payments, and everyday financial transfers.

What kind of bank suits you best?

Large banks: Internationally active with a broad offering

Cantonal banks: Regionally anchored with a focus on local clients

Private banks: Specialized in wealth management & exclusive services

Neobanks & fintechs: Digital banking solutions at beneficial terms

How to proceed: Opening a bank account in Switzerland

Selecting the type of account

Private account for salary payments & daily transactions
Savings account for long-term wealth creation
Investment account for investments & wealth growth

Requesting account opening

Proof of identity (passport or residence permit)
Proof of residence & employment contract
Tax declarations for foreign account holders

Access & use

Activate online banking & mobile apps
Set up standing orders & payment transactions
Apply for credit or debit card

Financial management & retirement provision

Credit cards & means of payment: Swiss banks provide a variety of credit cards that are accepted worldwide.
Investments & asset management: Possibility to invest in equities, mutual funds & real estate.
Mortgages & financing: Advice for real estate purchases & financing.
Private provision (pillar 3a): Saving for the future, with a tax benefit.

Document Library

Relocation

Learn how you can ensure a seamless relocation to Switzerland through proper planning – for a successful fresh start both at home and at work.

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Handout comprehensive asset analysis

The smzh comprehensive asset analysis represents a paradigm shift in financial advisory: A shift away from fragmented single reviews toward a structured complete view that takes into consideration all aspects of your wealth.

(in German)

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smzh Invest

smzh Invest provides access to a professional investment strategy based on a comprehensive asset analysis – individual, transparent, and independent. Invest with a plan, with structure, and with the aim to safeguard and grow your wealth sustainably.

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smzh for You

Your partner for banking & finance

Comparison of banks & individual offerings
Support in account opening & financial planning
Pension advice & tax optimization
Access to exclusive banking solutions via our network of partners

smzh ag supports you in all financial matters – from account opening to investing to pension planning.

Questions and answers

We handle questions about banking & finance on a daily basis. These are the most frequently asked ones:

Can I as a foreigner open a bank account in Switzerland?

Yes. Provided you have a valid residence permit or proof of domicile, you can open a bank account.

What type of bank is best for me?

The answer depends on your needs – large banks provide international services, while cantonal banks often have better conditions for local clients.

How high are the fees on a Swiss bank account?

Fees vary by bank and account type. They typically range from CHF 5 to 10 a month.

What is pillar 3a and why is it important?

Pillar 3a is a private retirement provision that offers tax advantages and helps secure your financial future in retirement.