How to Open a Swiss Postal Account by Mail

Swiss Banks have a reputation for being some of the most private and secure in the world.

The Swiss banking system is known worldwide as one of the most private forms of banking because Swiss banks vigorously protect their customers' identities and account information. In fact, an account holder's privacy is supported by the nation's Banking Law of 1934, which lays out rules concerning privacy, administration, and punishments for breaches of privacy. If you wish to have an account, you can open one without traveling to Switzerland. PostFinance, the financial arm of the Swiss Post, offers Swiss banking services for Swiss and foreign nationals.

Instructions

1. Decide which Swiss Postal account is right for you. PostFinance offers services specially tailored for individuals, students, businesses and retirees, among others. Most services allow banking in a number of foreign currencies. However, some require that all funds be converted to Swiss francs or euros. Many Swiss Post accounts do not require a minimum deposit. Other fees, however, may apply.

2. Apply online. This can be done directly through PostFinance's website. You will receive the necessary documents by mail.

3. Fill out all of the provided documents and send a copy of your ID.

4. Verification of your ID and confirmation of your new Swiss Postal account will be sent to you by mail.

Tips & Warnings

• Make sure you open an account that is proper to your needs. While it is fairly easy to open a Swiss Postal account, charges and available services can vary according to account type.

• Be wary of any third party charging exorbitant fees for the opening of a Swiss Postal account. You can easily contact PostFinance if you need to verify any information you hear from a third party source.

References

• PostFinance: Home
• Offshore Manual: Swiss Postal Account

Resources

• Swiss Account Setup: FAQ