In this article, we’re exploring how to open an offshore bank account online in Switzerland. We’ll share details on the most common bank requirements for international wealth management through Switzerland offshore banking and opening accounts online. We’ll also answer common questions we receive from people exploring this specific topic.
This article is part of our free series on offshore bank accounts 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 to open an offshore bank account online in Switzerland.
Table of Contents
- How to Open an Offshore Bank Account Online in Switzerland?
- What Do I Need to Open an Offshore Swiss Bank Account Online?
- Frequently Asked Switzerland Banking Questions
- Do You Want to Open a Switzerland Bank Account?
How to Open an Offshore Bank Account Online in Switzerland?
Opening an offshore bank account online in Switzerland involves selecting a suitable bank, meeting its requirements, and making a sizeable deposit. The banks available to you will depend on your citizenship, residency, banking needs, and deposit level.
Not all banks in the country allow Switzerland offshore accounts to be opened remotely. Bank selection is an important factor to consider when choosing where to open an account online.
The process of opening an offshore bank account online in Switzerland is pretty straightforward. We share the step-by-step process below.
Step-by-Step Process for Opening an Offshore Bank Account Online in Switzerland
- Choose a reputable Swiss bank that offers online account opening & accepts your profile
- Review the account opening requirements
- Complete the bank’s application form
- Prepare all of the necessary supporting documents and proofs
- Wait for compliance to review your application
- Respond to any outstanding questions from your chosen Swiss bank
- Receive notice your bank account in Switzerland is approved
- Deposit the required amount
What Do I Need to Open an Offshore Swiss Bank Account Online?
The requirements needed to open an offshore Swiss bank account online will vary between banks, account types, and client profiles.
Generally speaking, there are six common requirements all applicants must meet to successfully open accounts online in Switzerland. We share these requirements below.
Requirements for Opening Offshore Bank Accounts Online in Switzerland
- Completed application form
- Two forms of government-issued identification
- Proof of address
- Proof of income or source of wealth
- Bank reference letter
- A qualifying deposit
Before applying, it’s important to confirm the requirements, fee schedules, and the available financial services of your chosen bank. This way, you avoid choosing banks that are not suitable for your client profile and instead choose banks that align with your banking needs.
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 how to open an offshore bank account online in Switzerland. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Can I Open a Swiss Bank Account Online as a Foreigner?
Yes, you can open a Swiss bank account in Switzerland as a foreigner as long as you choose a suitable bank, meet the opening requirements, and make a sizeable deposit. Foreigners can also open bank accounts 100% remotely. That said, not all banks accept foreigners, and of the banks that do, not all offer remote opening. Bank selection is an important factor to consider when choosing where to open a bank account online as a foreigner.
Do Swiss Banks Report to the IRS?
Yes, Swiss banks report to the Internal Revenue Service (IRS). The IRS is responsible for collecting taxes and assessing the wealth of any American who has a Swiss bank account.
Why Do People Put Money in Swiss Bank Accounts?
People put money in Swiss bank accounts for various reasons, including asset diversification and wealth management. Banking in Switzerland is often reserved for high-net-worth individuals who are willing and able to make sizeable deposits in the range of USD 500,000 and USD 3,000,000.
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!
