In this article, we’re exploring the best retail banks in Switzerland. We’ll share details on how to choose between distinguished financial firms and the best banks in Switzerland for foreign non-residents and answer common questions we receive from people exploring this topic.
This article is part of our free series on the best banks in Switzerland. You can access this series right now by using the link above.
In addition to detailed account opening guides, this free series on Swiss banking also discusses the largest banks in Switzerland, Switzerland’s opening requirements, the costs of banking in Switzerland, and much more. Use the link above to start exploring all of your free Swiss banking content right now.
Alternatively, use the table of contents to continue exploring more information on the best retail banks in Switzerland.
Table of Contents
- What Are the Best Retail Banks in Switzerland?
- How to Choose the Best Retail Banks in Switzerland?
- Frequently Asked Switzerland Banking Questions
- Do You Want to Open a Switzerland Bank Account?
What Are the Best Retail Banks in Switzerland?
The best retail banks in Switzerland offer a wide range of banking services and products, including savings accounts, checking accounts, mortgages, investment products, and debit and credit cards.
Retail banks in Switzerland typically cater to individuals and small businesses seeking these everyday banking services.
Not all retail banks, elite banking firms, and the best private banks in Switzerland accept foreign non-residents. The majority of retail banks cater to Swiss residents and domestic small businesses, however, there are a few exceptions.
Non-residents who are looking to open a Swiss bank account need to consider financial institutions that cater to non-resident banking needs. This typically includes foreign banks, some private banks, and other financial institutions that offer non-resident banking services.
How to Choose the Best Retail Banks in Switzerland?
Selecting the best retail banks in Switzerland requires preparation and careful consideration, especially as a non-resident.
Various factors need to be considered, including the bank’s reputation, digital banking features, account fees, customer service experience, and account options available to your client profile.
It’s important to know which Swiss banks accept your profile, have requirements you can meet, and align with your banking needs before starting the application process.
Here are eight retail banks that currently operate in Switzerland.
Retail Banks in Switzerland
- Banque Cantonale de Genève
- Banque Cantonale Vaudoise
- Basler Kantonalbank (BKB)
- Julius Baer
- Luzerner Kantonalbank (LUKB)
- Raiffeisen Group
- UBS
- Zurcher Kantonalbank
Please note this list only includes eight of the many retail banks currently operating in Switzerland. Additionally, the banks listed also are presented in alphabetical order and the order does not reflect any rating or suggestion of suitability for account opening.
If you are interested in learning more about banking in Switzerland, don’t forget to visit our comprehensive guide on banking in Switzerland, available in the link above.
Alternatively, if you would like to explore all of your offshore banking options, download our free guide and compare Switzerland to some of the top banking jurisdictions available.
Do You Want to Explore All Your Offshore Banking Options?
Frequently Asked Switzerland Banking Questions
Below are a few of the most common questions we receive from people exploring the best retail banks in Switzerland. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
What Is the Best Bank for Foreigners in Switzerland?
The best bank for foreigners in Switzerland depends on the person applying for the account. More specifically, their citizenship, residency, banking needs, and deposit level. Not all banks in Switzerland are suitable for every client type. The best bank for you is likely to be different for another client type. Choose banks that accept similar client types, align with your banking needs, and have requirements you can meet.
Which Is the No. 1 Bank in Switzerland?
The No. 1 Bank in Switzerland is UBS Group AG. UBS Group AG has been in existence since June 1998. It is now the number one leading bank in the world and the largest bank in Switzerland, with total assets surpassing CHF 1.5 trillion.
Which Is the Safest Bank in Switzerland?
The safest bank in Switzerland depends on various factors, including the person applying for the account, their banking needs, and their risk tolerance. It’s important to choose banks that accept similar client types, have requirements you can meet, and align with your banking needs.
Do You Want to Open a Switzerland Bank Account?
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