Five things to know about your Swiss bank account before emigrating

Swiss nationals abroad frequently pay significantly higher fees at Swiss banks than their compatriots in Switzerland. You can find an overview of prices here. Overnight, fees can go from CHF60 ($67) to a staggering CHF300 ($335) per year. For Swiss citizens living abroad, maintaining a Swiss bank account requires deep. These high costs are often unavoidable for emigrants as a Swiss account is often necessary, particularly those relying on second pillar pensions payments. In our Guide to Moving Abroad you will find further tips for emigrating from Switzerland and the life abroad. 1. Can I keep my Swiss bank account when I emigrate? Some Swiss banks no longer allow people living abroad – particularly those in the USA – to open or maintain accounts unless they meet specific financial thresholds. When an account can be opened, it often comes with high fees. Expensive accounts are a major headache for the Swiss Abroad. The bank fees they pay are one of the biggest complaints of Swiss ...