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How can I deposit money in my Swiss financial institution account?

Once your account has been opened, you can deposit dollars to your account in numerous ways:

Cash deposit Traveller's verify deposit Securities deposit Transfer from another account Receive a financial institution transfer Personal checks Bank checks Selecting the most suitable method of deposit depends on the quantity deposited, the degree of confidentiality desired and the level of convenience.

Check books

Checks and verify books are quite seldom employed in link with a Swiss financial institution account. Your financial institution can put together bank checks on your behalf, but this is rarely wise. The reason for this is that a check out issued by your Swiss bank informs a range of individuals that your Swiss account exists, which imperils your confidentiality. Furthermore, it takes numerous weeks for a check to be totally processed.

If you wish to withdraw money from your Swiss financial institution account, we would recommend utilizing your credit cards as this is faster, a lot more successful and a far more discreet.

Confidentiality

All Swiss banking institutions are obliged to make sure that any data held about you or your account is strictly confidential.

Swiss bank secrecy is one of the strictest in the environment and is part of an ancient Swiss custom of privacy. Beneath Swiss regulation any banker who unveils info about you with no your consent runs the threat of a jail sentence.

Privacy

The only exceptions to this rule are in regard to severe crimes such as arms smuggling and drug trafficking. In the occasion of accusations of tax evasion, your privacy is even now guaranteed in Switzerland as failure to report revenue or assets is not regarded as a criminal offence in Switzerland. This implies that neither the Swiss government, nor any other government, can purchase data about your bank account. Really Should they wish to get any such information, they ought to very first convince a Swiss decide that you have committed a critical crime punishable beneath the Swiss Penal Code.

Private Matters

Bank secrecy will not be lifted for personal issues such as inheritance or divorce as lengthy as your banking information is held in rigid self-assurance as is the circumstance with virtually all Swiss financial institution accounts. Your account should be established to exist if a judge wishes to pursue the case. This is why a numbered Swiss bank account provides the highest stage of confidentiality.

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