In this article, we’re exploring the list of retail banks in Switzerland. We’ll share details on the registry of financial entities and the list of banks in Switzerland that fall into the category of retail financial institutions 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 the list of retail banks in Switzerland.
Table of Contents
- List of Retail Banks in Switzerland
- What Should I Know About Retail Banks in Switzerland?
- Frequently Asked Switzerland Banking Questions
- Do You Want to Open a Switzerland Bank Account?
List of Retail Banks in Switzerland
Retail banks in Switzerland cater to individuals and small businesses seeking everyday financial services. These basic financial services offered by retail banks include savings accounts, checking accounts, mortgages, personal financing, investment products, and debit or credit cards.
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 institutions operating in Switzerland and there is another list of banks in Geneva, Switzerland that might be worth considering. 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.
What Should I Know About Retail Banks in Switzerland?
Not all retail 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 looking to choose banking firms from a list of commercial banks in Switzerland or a list of retail banks in Switzerland need to consider financial institutions that cater to non-resident banking needs. This typically includes foreign banks, private banks, and other financial institutions that offer non-resident banking services.
Opening bank accounts in Switzerland as a foreign non-resident requires preparation and careful selection. This is true as finding a Swiss bank that accepts your client profile can be extremely challenging.
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 list of 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 Largest Bank in Switzerland?
The largest bank in Switzerland is UBS Group AG. UBS Group AG has been in existence since June 1998. It now is the number one leading bank in the world and the largest bank in Switzerland, with total assets surpassing CHF 1.5 trillion.
What American Banks Are in Switzerland?
The American banks in Switzerland include Citibank, J.P. Morgan, Goldman Sachs Bank, and Bank Morgan Stanley.
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.
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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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!
