The largest banks in Switzerland include “big” banks, Raiffeisen banks, cantonal banks, local banks, foreign banks, and more.
These banks cater exclusively to residents and large commercial clients, however, there are a few exceptions.
We are going to share a list of the largest financial institutions in Switzerland in terms of total assets and help you navigate your options when choosing where to open bank accounts in Switzerland as a non-resident.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- What Are the Largest Banks in Switzerland?
- How Do I Open Bank Accounts in Switzerland?
- Frequently Asked Swiss Banking Questions
- Ready to Open an Offshore Bank Account?
What Are the Largest Banks in Switzerland?
The largest banks in Switzerland in terms of total assets are UBS (CHF 1.7 trillion), Julius Baer (CHF 457 billion), Raiffeisen Schweiz (CHF 300 billion), and Zurich Cantonal Bank (CHF 192 billion).
These banks play a critical role in Switzerland’s economy, providing a wide range of asset protection solutions and Switzerland banking services including private bank accounts, investment banking, and wealth management services. These banks also play a critical role in maintaining stability in the financial sector and supporting the needs of both resident and non-resident individuals and businesses.
Here is a list of the four largest financial institutions in Switzerland in terms of total assets.
Largest Banks in Switzerland by Total Assets
- UBS (CHF 1.7 trillion)
- Julius Baer (CHF 457 billion)
- Raiffeisen Schweiz (CHF 300 billion)
- Zurcher Kantonalbank (CHF 192 billion)
These four institutions represent a small number of the total list of banks in Switzerland, which includes 243 financial institutions. These 243 banks are broken into 9 categories, including foreign banks, regional banks, private banks, and more.
Finding the right bank for your banking needs requires a combination of finding a trustworthy bank that offers the Switzerland private banking services you need and a bank that accepts your client profile.
This means you need to understand your client profile, Switzerland business banking needs, personal banking needs, or private banking needs, your desired deposit level, and much more before you start the process of applying for an account.
We discuss the initial deposit charges and Switzerland banking costs in our free guide, which you access by clicking here.
Let’s now take a look at how you open a bank account with one of the largest financial institutions in Switzerland.
How Do I Open Bank Accounts in Switzerland?
Importantly, if you’re looking for non-resident financial options, specifically Switzlernad personal banking services, there are other banks (not listed above) that are usually more accessible and better suited to non-residents.
It’s important to directly compare all of the international services and Switzerland offshore banking options available to you so you ensure you are choosing the one that will realistically open bank accounts for you. This is especially important if you are opening as a non-resident or for a foreign (or offshore) entity that requires a Swiss Franc bank account, the currency of Switzerland. The largest banks, in these instances, are often more difficult to open with.
How Do I Find the Best Bank in Switzerland?
Finding the top-grade institutions and best banks in Switzerland for your needs requires comparing all of the bank account opening options available to you. This includes comparing the exclusive financial solutions and banking benefits of Switzerland to identify the bank that is best suited to your banking needs.
Depending on your client profile, there are asset exposure concerns and banking risks in Switzerland you need to consider as well. This is especially true if you want to forward funds abroad or send money to Switzerland since some banks have restrictions on how money is received.
Start directly comparing your bank account options in Switzerland by immediately accessing hundreds of banks in the GlobalBanks IQ Database. Each bank profile includes detailed opening procedures, Switzerland banking requirements, preferred clients, important considerations and risks, and much more. You see everything you get instant access to when you join GlobalBanks IQ below.
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Frequently Asked Swiss Banking Questions
Below are a few of the most common questions we receive from people asking about the largest banks in Switzerland. If you have further questions you would like answered, don’t hesitate to get in touch.
What Are the Top 3 Banks in Switzerland?
The top 3 institutions and the largest banks in Switzerland by total assets are UBS Group, Julius Baer, and Raiffeisen Schweiz. Together, these three banks represent CHF 2.457 trillion in total assets.
Which Is the No 1 Bank in Switzerland?
The number one Swiss bank in Switzerland in terms of total assets is UBS. Not only does it have over CHF 1.7 trillion in total assets, but it’s also one of the top banks in the world. UBS offers a variety of banking products and services, including retail banking, investment banking, and wealth management services to both non-resident and Swiss resident clients.
What’s the Largest Swiss Bank?
The largest Swiss bank is UBS Group AG. UBS Group AG has been in existence since June 1998. It is now one of the top banks in the world and the largest bank in Switzerland, with total assets surpassing CHF 1.7 trillion.
What American Banks Are in Switzerland?
The American banks in Switzerland include Citibank, J.P. Morgan, Goldman Sachs Bank, Morgan Stanley, Merrill Lynch, and State Street Bank.
Ready to Open an Offshore Bank Account?
If so, you can access GlobalBanks Insider and start the process of applying for an offshore account in a few clicks.
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And “yes!” GlobalBanks Insider is designed to help foreign and non-resident individuals and companies open bank accounts.
Use this link to see how GlobalBanks Insider can help you successfully open accounts.
