Which bank will my account be opened with?
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We work with a number of top Swiss banks, many of which have been in operations for over 100 years. Each account corresponds to one or more banks. You can read about the bank(s) on the "About the bank" section on each account description page.

There are more than 400 banks in Switzerland. Each is different and specializes in particular type of clients or services. They can be divided in several groups:

  • Large universal banks - these are very large Swiss banks offering all sorts of services to individuals and companies. They offer banking services to international clients but have some restrictions and minimum balance requirements.
    The Premium Swiss bank account is opened with such a bank.
     
  • Private banks - these banks are specialized in managing money for Swiss and international private clients. There are many such banks, and the minimum balance requirements are anywhere from fifty thousands Swiss francs to fifteen millions. Many banks are geared toward a specific geographic area. Knowledge of the Swiss banking industry is a must before you choose one.
    The Swiss numbered account is opened with a private bank.
       
  • Retail banks - these banks offer retail services (checking accounts, mortgage, payment services, etc...) with few restrictions. They are smaller than the large universal banks. Some also offer services to international clients.
    The Classic Swiss bank account is opened with such a bank (which also offers private banking services).
       
  • Swiss postal bank - this is the banking division of the Swiss postal system. They have been offering financial services for almost a century. This is the backbone of the Swiss payment system and the bank is fully owned by the Swiss federal government.
    The Swiss postal account account is opened with this bank.

We work with banks in all categories. Which bank is right for you depends on many things, such as where you live, how much you plan to deposit and what you will do with the money. Please visit the account description pages to read more about each bank and the requirements of each account. If you have questions, don't hesitate to contact us.


The information contained in this website is not meant to substitute qualified legal advice given by a specialist knowing your particular situation. We can accept no responsibility for the consequences of decisions made following information found on this website. Micheloud & Cie is not a bank and neither sollicits nor accepts deposits. Currency conversion and interest rates provided on this website are listed for informational purpose only and may not be up-to-date. More >>

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