How to Open a Reliable Swiss Account
Saying that you have a Swiss bank account just has a certain ring to it, doesn't it? Keeping money in a Swiss bank is one of the safest things you can do with your earnings. Part of the reason is that the Swiss code their accounts with a number instead of a name. However, these are not the easiest accounts to open. You have to be there in person to open up your account. You will also need to have a good bit of money to do this, as Swiss banks require at least $100,000 to open an account.
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Instructions
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Switzerland has lots of banks, so do research and find the right bank to meet your needs. The country has two huge banks, UBS and Credit Suisse, and both have outstanding reputations. Consider these before you look anywhere else.
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Determine what kind of account you are interested in. Swiss bank accounts have several options with relation to the currency they hold. You can have a U.S. dollar account, a French franc account, or a multi-currency account that accepts all kinds of financial currencies from all over the world.
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Gather the required documents to open your account. You will need a verified passport if you apply by mail, otherwise a normal passport will suffice. Also have documents verifying the source of the funds you will be depositing (i.e., employment records, diploma, receipt of sale), and at least one recent utility bill showing your place of residence and verifying your identity.
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Submit the required documentation and make your initial deposit. You will be assigned an account number. Your name will never have to show up on the account, just an ID number assigned by the bank.
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Tips & Warnings
The laws of Switzerland are some of the strictest in the world as far as who has a right to access your account. If you need privacy, a Swiss bank account may be right for you.
Make regular deposits to maintain a balance greater than the minimum required, and to keep the account active.
