What is the Minimum Deposit for a Swiss Bank?

Banking in Switzerland isn't cheap. Unlike emerging world banks - or even banks in Singapore - that offer lower deposits, Switzerland commands a premium price. On top of that, they require more paperwork and bureaucracy than many other banks.

In this video, we address the minimum deposit required for expats and non-residents to open an account at most Swiss banks.

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ABOUT NOMAD CAPITALIST

Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".

Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.

He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.

DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

[swissladydriver]

The banks in Switzerland will just turn you away - no questions asked- when you show them a USA passport. Postfinance will let USA citizens open accounts, but
Postfinance is officially not a bank.

[robmangeri]

where can I get this “$500, 000” you are talking about? 😎

[jucabala]

I opened a bank account in visiting Switzerland with USD 100! That was it!

[alexg]

What about CIM Banque, low minimums amounts to open account of ~10, 000 $/€/CHF, are a ‘real’ bank who have some branches. While they have various account keeping fees charges They do offer access to a professional platform (Interactive Brokers) covering global equities, bonds etc and forex and margin at wholesale rates (lowest actually at BBSW cash rate + 1-1.5%).
Benefits someone who is more ‘DIY’, the money you save on trading costs

Of course, if you want Swiss white gloves service they are good at charging you for the privilege. You also don’t have the stigma of private banks requiring large deposits with minimal transactions as they (CIM) by design are happy to consistently clip the ticket on all your activity on their platforms.

[Muzammil.S]

SwissQuote allows a zero balance minium and offers, a Swiss domociled, Cash Account, Equities and Cryptos trading account.

[catarinav]

I love the St. Regis in Bali, it's a little overpriced imo but I've never had any issues. The St Regis in MRU is better value but a little harder to get to.

[souvikghosh]

1, 000, 000CHF is minimum amount to be kept in Swiss Bank for number account.

[peter]

where can i get deposit rates of 6% to 8% ?(Fixed or call accs).

[GeneBasler]

Hypothetically speaking not that this has ever happened to me totally random imaginary scenario, the St. Regis Bali where are you pay $1000 a night and they complain that you think their Wi-Fi isn’t working properly. LOL. Yeah I was just in a place last week for $450 a night right on the golf of Mexico and I would say we had five devices on the Wi-Fi maybe six, and they were all screaming at blistering speeds. And I was thinking yeah for what I’m paying i’m grateful I don’t have to complain about the Wi-Fi.

[dsyadavusa]

Andrew, what's your consultation fee?

[zawwin]

Does Swiss Bank has the two
foreigners accounts the following?
1. Mr. Kyaw Win (Myanmar)
Transaction Invest Deposit
Bank 531007868
2. Mr. Aye Cho (Myanmar)
Transaction Invest Deposit
Bank 531007869

[alexg]

What about CIM Banque, low minimums amounts to open account of ~10, 000 $/€/CHF, are a ‘real’ bank who have some branches. While they have various account keeping fees charges They do offer access to a professional platform (Interactive Brokers) covering global equities, bonds etc and forex and margin at wholesale rates (lowest actually at BBSW cash rate + 1-1.5%).
Benefits someone who is more ‘DIY’, the money you save on trading costs

Of course, if you want Swiss white gloves service they are good at charging you for the privilege. You also don’t have the stigma of private banks requiring large deposits with minimal transactions as they (CIM) by design are happy to consistently clip the ticket on all your activity on their platforms.