How Many Banks in Switzerland?

There are over 230 banks in Switzerland. The banks available to you depend on your citizenship, residency, banking needs, and deposit level.

In this article, weโ€™re exploring how many banks are in Switzerland. Weโ€™ll share details on the inventory of financial institutions and the list of banks in Switzerland, the nine licensing types, and answer common questions we receive from people exploring this topic.

This article is part of our free series on the list of 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 how many banks are in Switzerland.

Table of Contents

  1. How Many Banks Are in Switzerland?
  2. Frequently Asked Switzerland Banking Questions
  3. Do You Want to Open a Switzerland Bank Account?

How Many Banks Are in Switzerland?

There are over 230 banks in Switzerland, spanning nine license categories, offering numerous financial services, and catering to private banking clients, foreign non-residents, and Swiss residents.

Common financial services offered by these banking establishments, including the top 3 banks in Switzerland, include private banking, wealth management, asset management, and investment banking.

top 3 banks in Switzerland

Itโ€™s important to note that not all banks in Switzerland offer the same services and not all banks in Switzerland are suitable for every client type. Applicants need to carefully assess each bankโ€™s preferences, banking risks, and requirements before choosing where to apply for an account.

The 230-plus financial institutions in Switzerland, as mentioned above, are categorized into nine licensing categories. We share the nine licensing types below.

Swiss Banking Licenses

  1. Private banks
  2. Foreign banks
  3. Branches of foreign banks
  4. Cantonal banks
  5. Regional and savings banks
  6. Other banking institutions
  7. Stock exchange banks
  8. Raiffeisen banks
  9. Big banks

If you are interested in learning more about banking in Switzerland, donโ€™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 how many banks are in Switzerland. If you have further questions you would like answered, donโ€™t hesitate to get in touch with us directly.

How Many Swiss Private Banks Are There?

There are more than 125 private banks in Switzerland. Not all private banks in Switzerland are suitable banking options for every client type. Each private bank will cater to a specific client type, offer unique banking services, and have different account opening requirements.

What American Banks Are in Switzerland?

There are five American banks in Switzerland. These five American financial institutions include J.P Morgan (Suisse), CitiBank (Switzerland), Bank Morgan Stanley Ltd, and Goldman Sachs Bank AG. Each of these financial institutions offers a variety of different banking services and products including wealth management, private banking, investment banking, and more.

What Is the Biggest Bank in Switzerland?

The biggest 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.

Do You Want to Open a Switzerland Bank Account?

If so, you can access GlobalBanks IQ and start the process of applying in Switzerland in a few clicks.

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+ Plus, get YOUR most pressing bank account opening questions answered by our team!

And “yes!” GlobalBanks IQ helps foreigners and non-resident individuals open bank accounts.

In fact, GlobalBanks IQ even helps non-resident, foreign & offshore entities open bank accounts.

To learn more about opening accounts with GlobalBanks IQ, use the link in the top menu. Or, contact us directly with any questions!

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GlobalBanks Team
GlobalBanks Team

The GlobalBanks editorial team comprises a group of subject-matter experts from across the banking world, including former bankers, analysts, investors, and entrepreneurs. All have in-depth knowledge and experience in various aspects of international banking. In particular, they have expertise in banking for foreigners, non-residents, and both foreign and offshore companies.

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