Two Largest Banks in Switzerland

Two of the largest banks in Switzerland, UBS and Julius Baer, are major players in the private banking sector.

In this article, we’re exploring the two largest banks in Switzerland. We’ll share details on the other major financial firms and largest banks in Switzerland that non-residents choose to open accounts with and answer common questions we receive from people exploring this topic.

This article is part of our free series on the largest 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 two largest banks in Switzerland.

Table of Contents

  1. What Are the Two Largest Banks in Switzerland?
  2. Frequently Asked Switzerland Banking Questions
  3. Do You Want to Open a Switzerland Bank Account?

What Are the Two Largest Banks in Switzerland?

Two of the largest banks in Switzerland are UBS and Julius Baer, with CHF 1.5 trillion and CHF 400 billion in total assets. 

UBS and Julius Baer are major players in Switzerland’s banking sector, playing a critical role in the country’s economy, and providing a wide range of banking services, including wealth management, investment banking, and asset protection.

Banking in Switzerland, especially with the largest institutions, including the top 10 banks in Switzerland, is not a suitable option for every client type. Like all financial institutions, UBS and Julius Baer cater to a specific clientele, have unique opening requirements, and require a significantly large deposit.

It’s important to understand your client profile, desired deposit level, and required services before you start the process of applying for a bank account with one of the top banking companies or major banks in Switzerland.

If you are interested in learning more about opening accounts 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 two largest banks in Switzerland. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.

Can Foreigners Open a Swiss Bank Account?

Yes, foreigners can open a Swiss bank account as long as they choose the right bank, meet the opening requirements, and have a suitable client profile. Not all banks accept foreigners, so bank selection will be an important factor to consider when choosing where to open a Swiss bank account.

Which Is the No 1 Bank in Swiss?

The No 1 bank in Swiss is UBS. Not only does it have over CHF 1.5 trillion in total assets, but it’s also one of the leading banks in the world. UBS offers a variety of banking products and services, including retail banking, investment banking, and wealth management to both non-resident and resident clients.

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.

GlobalBanks IQ is our flagship international bank account opening solution. It gives you instant access to the…

+ Expert insights on which banks to choose & why

+ Step-by-step reports to open bank accounts in the best banking hubs

+ GlobalBanks international bank database & detailed bank profiles

+ Tried & tested banks for high-risk, offshore, & non-resident clients

+ 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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