How do I deposit money to my Swiss bank account?
Home > Basics > Deposits and withdrawal > Depositing money
| Once your account is open, you can deposit money to your account in several ways: | |
Choosing the most suitable method depends on the amount deposited,
the degree of confidentiality and the convenience desired.
| Cash deposit | Cash is deposited directly with your banker or with the teller. | Advantages | Drawbacks | | - Travel costs
- Risk of theft
- 1% bank commission
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Traveler's check deposit | | You can deposit traveler's checks (Bank of America, Thomas Cook, America Express) to your account. | Advantages | Drawbacks | - Confidentiality
- More compact than cash (notes of larger denomination: 1000 USD)
- Fully refunded if lost or stolen
- Better exchange rate than with cash
| - Travel costs
- 1% issuing commission
- 1% bank commission when the check is cashed
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Securities deposit | | You can deposit registered or bearer securities directly with your banker. | Advantages | Drawbacks | - Confidentiality: as a general rule, bearer securities do not identify the owner
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| Transfer from another account | | You can transfer money to your Swiss bank account from another account anywhere in the world. | Advantages | Drawbacks | - Quick
- No travel costs
- No risk
| - The issuing bank will know that your Swiss bank account exists.
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| Receive a credit transfer | | You can have international transactions paid directly to your Swiss bank account by bank transfer. | Advantages | Drawbacks | | - The payer will know that the Swiss account exists, in addition
to the account number.
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| Deposit a personal check | | You can cash a personal check to your account. | Advantages | Drawbacks | | - Very slow: the Swiss bank sends the check to the emitting bank. Can take up to 4 weeks.
- Poor confidentiality: the emitting bank knows in which bank the check has been cashed
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| Deposit a cashier's check | You can ask your bank to make a cashier's check for you. The transaction takes place only between the emitting bank and the Swiss bank, without involving your identity. | Avantages | Drawbacks | - More confidentiality than with personal checks: The check is made on the name of the bank and not on your name
- Quicker than personal checks.
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