Best Swiss Banks for Non-Residents in 2026

Want to keep your money in a jurisdiction that you can trust? In 2026, Switzerland is still the answer. A Swiss account is a famous option for secure, bespoke banking, with investment options and privacy protections. Switzerland is rated as a second-to-none banking destination by the majority of non-residents. You will find top-notch financial services here that are highly appreciated by different categories of non-residents, such as digital nomads, global entrepreneurs, and wealthy individuals, who all flock here to get the ultimate protection for their capital.

In this article, we will explain why you should consider these top banks as opposed to your regional banks, and tell you about the top list of banks in Switzerland for you to consider. Contact us at any time to learn more about Switzerland banking, foreign banks in general, and other options for banks that accept non-residents. 

The Swiss Banking System: An Overview

Why is Switzerland famous for its banking? In the section below, we will take a look at some aspects that make it stand out, including legacy, institutions, and principles.

A Legacy of Stability and Trust

The reputation of Switzerland as a global financial hub is very high. It rests on the country’s political neutrality and economic resilience. Plus, the Swiss government has an approach to financial regulations that can benefit you, among the many non-Swiss residents who open a new bank account here. Centuries of banking history add to the high status, too. The Swiss franc (CHF) is widely considered a safe-haven currency, reinforcing confidence in the system even during global economic uncertainty.

What makes the Swiss banking system as strong as it can be? 

• It shows high stability even in the face of crises.
• The regulations it adheres to are very strict.
• Switzerland is the epitome of banking secrecy.

The Swiss National Bank takes measures to prevent galloping inflation and instill financial discipline, and Swiss law is very favorable to the banking sector. 

The reliability of Swiss banks was appreciated centuries ago, and it has been preserved since then. Today, Swiss banking is a powerful brand that remains appealing to many across the globe. They flock here to benefit from privacy and bulletproof asset protection. However, Switzerland offers more: you can also take advantage of its cutting-edge financial technology and multi-currency solutions, often with favorable exchange rates. Note, you do not have to be a Swiss citizen, have Swiss residence, open a business, or be living in Switzerland to open an account, although there are many advantages to life here.  

Key Regulators: FINMA and the SBA

The entire sector is tightly regulated by the Swiss Financial Market Supervisory Authority (FINMA), which enforces compliance, anti-money laundering rules, and financial stability. Banks must hold adequate capital reserves to retain stability at all times. They are also required to meet transparency standards and comply with strict due diligence practices.

Additionally, the Swiss Bankers Association (SBA) supports the industry by setting ethical standards, encouraging innovation, and representing the interests of financial institutions both in Switzerland and internationally.

Why Open a Swiss Bank Account as a Foreigner?

When it comes to safeguarding wealth and accessing premium financial services, Switzerland has long been a global favorite. But why exactly should non-Swiss residents consider opening an account in Switzerland today?

Benefits of Swiss Banking

Reliability, privacy, and quality service are the pillars that Swiss banking traditionally rests on. Although global regulations continue evolving, Swiss banks still set the benchmark in financial services.

Here are some of the top advantages:

• Access to multi-currency accounts
• High levels of privacy and data protection
• Global credibility and trust
• Advanced online banking services
• Specialized services like wealth management and trade finance
• Stability of the Swiss franc and the economy of Switzerland

Those who decide to open an account in Switzerland usually want to gain a foothold in the world’s most secure financial environment. No wonder many millionaires flock here to take advantage of the opportunities.

Is It Legal for Non-Residents?

Non-residents can open a bank account in Switzerland on absolutely legal grounds. There is just one condition a non-Swiss resident must fulfill to maintain a Swiss bank account: meet the compliance requirements set by a particular institution. Switzerland has come a long way from secrecy to transparency as it has to comply with international standards to remain a premier financial destination. Still, your assets and personal data will be reliably protected.

How to Open a Bank Account in Switzerland

Getting started with opening an account in Switzerland may look like a complicated step to take. In practice, the procedure is pretty straightforward if you know what to prepare in advance, and we will make sure you do.

Documents Required for Non-Residents

The process does vary slightly between financial institutions. Generally, however, you will need the following package in a general case:

• A valid passport or national ID
• Proof of address (e.g., utility bill, lease agreement)
• Proof of income or source of funds
• Tax identification number (TIN)
• Completed application form from the bank that offers the account

If you are a non-resident, you will have to go through a meticulous due diligence procedure. Swiss bankers are cautious, so they may ask you to provide extra documents. Don’t be surprised, though: they simply want to be on the safe side.

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In-Person vs Online Applications

Some banks in Switzerland still require you to visit a branch in person, and this is especially true if we are talking about traditional institutions. At the same time, there are numerous Swiss banks that have updated their onboarding procedures and now offer online applications. Neobanks and digital services make opening an account much easier for non-residents as they allow remote identity verification.

Business vs. Personal Accounts

You can open a non-resident personal or business account in Switzerland. However, expect different requirements to fulfill.

Personal accounts are ideal for individuals who want to manage their private capital or investment portfolios. These accounts are usually multi-currency ones, and they support convenient online banking and personal financial planning. Private accounts refer to accounts for individuals, but with heightened levels of service and requirements. 

Business accounts or corporate, on the other hand, are designed to meet the needs of your company. They enable international transactions and support trade finance. In addition, they offer tools that will help you manage payroll, expenses, and corporate investments. Swiss banks that offer business accounts usually ask for:

• Company incorporation documents
• A business plan or activity overview
• Beneficial ownership details
• Information about expected turnover and transaction volume

If you want to set up a business account, expect a more thorough compliance check and a longer processing period than in the case of a personal account.

Average Timeline & Key Restrictions

Opening an account in Switzerland typically takes from a few days to two weeks. The timeline depends on:

• The type of bank account (personal, business, multi-currency)
• The bank itself
• Your country of residence

Key restrictions may include:

• Higher minimum deposit requirements for non-residents
• Limited account types for certain jurisdictions
• Restrictions on opening anonymous accounts

Best Modern and Traditional Swiss Banks for Non-Swiss Residents

When it comes to choosing from the best Swiss banks for non-Swiss residents, there are many traditional and modern institutions that continue to deliver exceptional financial services. There are large banks, smaller bespoke banks, and everything in between, all regulated by Swiss law, and many Swiss banks offer flexibility and bespoke banking packages. We have listed some of the top 10 Swiss banks and a few others where you may consider opening accounts, many of which we have had positive interactions with for many years:

SYZ Bank

Founded in 1996 and headquartered in Geneva, SYZ Bank is an independent family-owned private bank with assets under management (AUM) of over CHF 20 billion. It specializes in private banking, asset management, and institutional advisory services.

If you’re looking for a bank that offers both classic Swiss banking and secure access to digital asset investments, SYZ Bank is an ideal choice. It combines the confidentiality of Swiss banking with forward-thinking opportunities for global investors. What’s particularly appealing about this bank is that, on the one hand, it is a traditional Swiss investment bank, but on the other, it has modern, non-traditional investment opportunities, allows for digital asset storage, and generally looks to the future in its approach. Contact us, and we can help you open an account with them remotely. 

• Remote onboarding: You can open an account online, with an average timeline of four weeks after document submission
• Multi-currency accounts: Supported in CHF, USD, EUR, GBP, and more
• Services: Wealth management, investment planning, inheritance planning, and Family Office services
• Alternative investments: Access to hedge funds, ESG products, derivatives, and even cryptocurrencies via the SYZ Crypto platform
• Secure crypto custody: Digital assets can be stored securely within the bank and integrated into your traditional portfolio
• Personalization: Each client receives a dedicated manager and tailored strategy
• Credit services: Investment lending and mortgages secured by real assets

CIM Banque

Created in 1990, CIM Banque is a more modern bank than some of the others on the list. They have thousands of clients all over the world, as they specialize in foreign clients, offer remote account opening, and deal with commercial transactions, investment banking, commodities trading, asset management, and online trading.

Currently, they are not accepting clients, but they will soon reopen (and by the time you read this, they may already have started again). Contact us if you’re interested to learn more about opening a personal or corporate account. 

• Services: Multi-currency personal and corporate accounts
• Account opening: Remote process, and minimum deposits and account balances are lower than those of many other banks
• Suitable for: International entrepreneurs, digital nomads

Swissquote

Founded in 1996, Swissquote is Switzerland’s leading online banking and trading services provider, known for blending cutting-edge digital platforms with the trusted security of Swiss banking. It serves a broad range of clients, from retail investors to professional traders, across the globe. It offers a comprehensive suite of financial products designed for the modern, tech-savvy user. Of this list, it is arguably one of the most modern, flexible services you can choose as a non-resident. 

With a strong emphasis on user-friendly interfaces and advanced technology, Swissquote continually updates its offerings to meet evolving market demands. Its global reach and robust regulatory framework make it a trusted partner for those wanting to invest confidently in both traditional and digital markets.

Swissquote stands out as a top choice for active traders and digital investors who value innovation paired with reliability. Its platform supports everything from traditional forex and stock trading to emerging assets like cryptocurrencies, all backed by Swiss financial standards.

• Services: online trading, forex, robo-advisory, cryptocurrency trading, savings accounts
• Accounts available: multi-currency trading accounts, eForex accounts, retirement savings accounts, and crypto wallets accessible to both residents and non-residents
• Good for: active traders, digital investors, and clients seeking flexible, tech-driven financial solutions

Raiffeisen Switzerland

Raiffeisen was established in 1899. This is the third largest Swiss banking group that caters to more than 3.6 million clients and over 800 branches nationwide. The bank operates as a cooperative, and the cost of assets it holds exceeds CHF 250 billion.

Raiffeisen, one of the oldest cooperative Swiss banks, offers a strong local presence and personalized service. Ideal for long-term clients and those seeking stable personal banking in Switzerland.

• Account in Switzerland: available to EU and non-EU residents
• English-speaking support: available at main branches
• Services: investment products, loans, savings, multi-currency options

Banque Cantonale de Genève (BCGE)

BCGE was founded in 1861. It can be described as a cantonal bank with strong regional roots in Geneva. It manages more than CHF 30 billion in assets and focuses on private clients, SMEs, and international investors.

BCGE offers excellent customer service, an impressive range of financial services, and strong relationships with foreign clients. Looking for a bank that offers trade finance and personal account management? BCGE is a solid choice.

• Account types: Private, corporate, and multi-currency
• Services: private banking, trade finance, multi-currency transactions
• Good for: high-net-worth individuals and entrepreneurs

Julius Baer

Julius Baer was established in 1890 and is one of Switzerland’s leading private banks, with a strong global presence and headquarters in Zurich. Known for its discretion and stability, the bank specializes in wealth management for private clients worldwide.

Julius Baer provides highly personalized services, expert financial planning, and access to global investment opportunities. Want a bank that offers elite wealth management and international reach? Julius Baer delivers with Swiss precision. We have experience with this bank and have assisted many clients in opening new accounts with them. 

• Services: private banking, investment advisory, portfolio management, wealth planning
• Accounts available: multi-currency accounts, investment portfolios, and wealth structures for non-residents and expats
• Good for: high-net-worth individuals, international investors, and families seeking legacy planning

J. Safra Sarasin

J. Safra Sarasin is a Swiss private bank with roots dating back to 1841. Headquartered in Basel and part of the global Safra Group, the bank combines traditional Swiss banking values with a strong international outlook. It’s known for financial stability, conservative management, and a strong emphasis on sustainability in investing.

We have assisted clients with getting an account with this pristigous institution. Looking for a bank with global reach and a solid reputation for discretion and continuity? J. Safra Sarasin fits the bill.

• Services: private banking, sustainable investment solutions, asset management, estate planning
• Accounts available: private accounts, managed portfolios, and investment structures tailored to international and non-resident clients
• Good for: wealthy families, conservative investors, and clients seeking long-term relationships

Gonet & Cie, Banquiers Privés

Founded in 1845 and based in Geneva, Gonet & Cie is one of Switzerland’s oldest independent private banks. It focuses exclusively on wealth management and offers a boutique experience rooted in discretion, independence, and personalized service. It is another bank we collaborate with and hear high priase from our clients about. 

Prefer a private bank that takes a family-office approach with deep client relationships? Gonet & Cie delivers exclusivity with a personal touch.

• Services: wealth management, financial advisory, portfolio management, succession planning
• Good for: private clients, family offices, and multi-generational wealth holders
• Accounts available: discretionary and advisory mandates, multi-currency accounts, and tailored wealth solutions for international clients

UBS Group AG

UBS was founded in 1862. This is Switzerland’s largest bank that manages assets whose total cost exceeds CHF 3.6 trillion. UBS boasts a global footprint spanning over 50 countries and serves over 60,000 employees and millions of private and institutional clients worldwide.

As a non-resident, you can rely on UBS for well-rounded, internationally compliant services.

• Services: wealth management, trade finance, investment advisory
• Account types: personal, corporate, multi-currency
• Online access: advanced platform

Pictet

Pictet is a major Swiss bank with a global presence, focusing exclusively on wealth management rather than investment banking. Part of the Pictet Group, which was founded in 1805, it offers a true legacy of quality banking, strong international brand recognition, and stability.

• Services: wealth management, asset management, investment advisory, family office services
• Accounts available: multi-currency accounts and bespoke wealth structures for international and non-resident clients
• Good for: clients who prefer a large, internationally recognized bank focused solely on wealth management

Dreyfus

Dreyfus Bank is one of Switzerland’s oldest private banks, currently managed by the seventh generation of the founding family. It represents classic Swiss banking tradition with a modern approach and operates mainly within Switzerland, with a representative office in Israel.

• Services: private banking, asset management, financial planning, succession advice
• Accounts available: Swiss private accounts, discretionary portfolios, and tailored wealth solutions for residents and selected international clients
• Good for: clients seeking a traditional Swiss private bank with strong family values and a local Swiss focus

Reichmuth

Reichmuth is an exclusive boutique private bank based in a castle near Lausanne. Founded in 1988, it is one of the few Swiss banks legally classified as a “private banker” under Swiss law, with partners bearing unlimited liability, demonstrating deep commitment and stability.

• Services: private banking, wealth management, portfolio advisory, succession planning
• Accounts available: personalized investment accounts, multi-currency portfolios, and wealth structuring for high-net-worth individuals
• Good for: clients valuing exclusivity, tradition, and a hands-on, highly personalized private banking experience

BNP Paribas

BNP Paribas is the largest French commercial bank with a long history in Switzerland. It offers a standard wealth management platform with notable global investment opportunities, including commercial real estate across Europe.

The bank has a strong presence in Africa and Asia and integrates private and commercial banking services.

• Services: wealth management, global investment advisory, commercial banking, real estate financing
• Accounts available: multi-currency accounts, investment accounts, and financing structures tailored for international clients
• Good for: clients seeking international investing opportunities and access to global markets with strong European real estate exposure

Hyposwiss

Hyposwiss is a medium-sized Swiss private bank specializing in independent wealth management, particularly for professionals and commercial clients. Known for being approachable and flexible with international onboarding, they also have expertise in international trade finance. Offices are in Switzerland, Norway, and Israel.

• Services: private banking, wealth management, international trade finance, financial advisory
• Good for: professionals and commercial clients looking for flexible, international-oriented private banking
• Accounts available: private accounts, trade finance facilities, and wealth management portfolios for residents and international clients

What to Look for When Choosing a Bank

Swiss banks have a lot of different aspects that make them more or less convenient. Consider these factors when choosing the best option:

Minimum Deposit & Fees

• Traditional Swiss banks usually require higher minimum deposits (CHF 5,000 to CHF 1,00,000)
• Neobanks often have no deposit minimum
• Watch out for annual account maintenance or transaction fees

English-speaking Support

Non-Swiss clients benefit significantly from accessible English-speaking support. Choose a bank that offers multi-language support through both phone and app.

Online Banking Features

• Ensure your chosen bank account offers mobile access, multi-currency transfers, and notifications
• Neobanks like Neon and Yuh excel in user experience

International Transfers

If you’re moving funds globally, make sure your account in Switzerland allows low-cost transfers. 

Comparison Table: Top Swiss Banks for Foreigners

Swiss Banking Secrecy in 2026: Myths vs. Reality

If you’re wondering how well your personal and financial data is protected in 2026, this section will give you the clarity you need.

Is Swiss Banking Still Anonymous? The Impact of AEOI/CRS

Switzerland is a participant in the Common Reporting Standard (CRS) and the Automatic Exchange of Information (AEOI), global initiatives developed by the OECD to promote tax transparency. Under these agreements, Swiss banks automatically share account information with tax authorities in the account holder’s country of residence.

That said, this doesn’t mean confidentiality has vanished—Swiss banks still uphold client privacy within the legal framework. Data protection is robust, and only relevant financial information is exchanged with approved jurisdictions. Discretion in client service and protection of personal data remain high priorities.

Is Swiss Banking Still Confidential?

While banking secrecy laws in Switzerland have changed significantly in response to global compliance requirements, Swiss bankers still uphold client confidentiality to the fullest extent permitted by law. If you’re concerned about asset safety, Swiss banking continues to provide one of the most protected frameworks in Europe.

Note: You can no longer open an anonymous account as a foreigner, but you can still count on strict privacy practices, as your data cannot be accessed easily, and can only be shared with approved parties when necessary.

Deposit Protection and Institutional Stability

Swiss banks operate under a strong regulatory framework designed to protect depositors and ensure institutional soundness. Most banks in Switzerland are members of the ESI-Suisse deposit protection scheme, which guarantees deposits up to CHF 100,000 per client per bank. This protection applies automatically and does not require any separate registration.

In addition to deposit insurance, Swiss banks are required to maintain high capital adequacy ratios and operate under strict liquidity and risk management standards set by FINMA. This ensures that even in times of economic stress, the banking system remains stable and clients’ funds remain secure.

How Safe Are Swiss Banks in 2026?

Thanks to top-tier banking standards in Switzerland, financial institutions here are considered among the safest globally. Stringent regulations, conservative risk management, and the overall health of the Swiss economy contribute to this status.

What Are the Minimum Deposits? 

Being honest, often the deposits for many banks are high, ranging up to millions of CHF, and it depends on the account type and your circumstances. Banks look at your potential growth, your financial circumstances, and will then request a minimum deposit to correspond to that. If you inherited a million euros tomorrow, you may have a higher deposit than someone who has consistently had a much lower amount but kept their income steadily increasing over time. However, often, the deposit is still yours to invest and use, although you may need to ensure the bank account does not go under a certain threshold. 

Conclusion: Which Bank Is Best for You?

Choosing the best Swiss bank depends on your personal and financial priorities. Do you want ultra-secure, prestigious, large banks or flexible, modern institutions? Are you looking to make investments? Do everyday banking or invest? Need a current account or a corporate account? Want to set up the account abroad, or are you willing to travel? Do you want to conduct traditional bank activities or digital banking? This will affect the choice that is best for you. In addition, some banks do not accept US citizens or other nationalities. 

In any case, with a Swiss bank, you benefit from some of the highest banking standards in Switzerland. Whether you’re focused on protecting your wealth, optimizing your multi-currency holdings, or simply seeking trustworthy financial services, Swiss banking is an unmissable option. 

Need help with choosing a bank and/or getting set up? We’re here to guide you through opening an account in Switzerland, matching you with a bank account that offers what fits your profile best. Let us handle the paperwork, coordination, and communication with Swiss banks—so you can focus on your goals while we do the rest.