How to Put Money in a Swiss Bank

How to Put Money in a Swiss Bank thumbnail
Whether for privacy or "just because," place your money in safe hands by using a Swiss Bank.

Swiss banking has received a certain level of notoriety, mainly due to its stringent privacy rules. Many Swiss banks use what is known as "numbered accounts," where your account is only identified by its number; the bank cannot reveal any other information. This makes accounts perfect for the James Bond or Jason Bourne types. You do not have to be a high-level spy to open a Swiss account, and putting money into a Swiss account only involves wiring it to an existing account. You can open a Swiss account through the mail and transfer money into it.

Instructions

    • 1

      Research three to five different Swiss banks, then choose one that allows postal accounts and wire transfers. Note the minimum deposit requirement, as well as any other bank-specific rules and regulations before making your decision. For a list of banks, check the Resource section below.

    • 2

      Contact your bank of choice and ask them to send you the forms and applications so that you can open an account. According to swissaccountsetup.com, most Swiss banks allow postal accounts.

    • 3

      Fill out the forms and send them back to your bank of choice. Include the minimum deposit.

    • 4

      Once your account is active, you can make deposits by mailing a money order, bank check or cashier's check, or by wiring it electronically. Check the rules and regulations specific to your Swiss bank and comply with those rules.

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