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How can I deposit dollars in my Swiss bank account?

Once your account has been opened, you can deposit money to your account in many ways:

Cash deposit Traveller's check out deposit Securities deposit Transfer from an additional account Receive a bank transfer Personal checks Bank checks Selecting the most suitable method of deposit depends on the volume deposited, the degree of confidentiality wanted and the stage of convenience.

Check books

Checks and verify textbooks are very seldom employed in link with a Swiss bank account. Your financial institution can prepare bank checks on your behalf, but this is rarely wise. The reason for this is that a check out issued by your Swiss financial institution informs a number of people that your Swiss account exists, which imperils your confidentiality. Furthermore, it normally requires numerous weeks for a verify to be fully processed.

If you desire to withdraw money from your Swiss bank account, we would advise making use of your credit score cards as this is faster, much more efficient and a much more discreet.

Confidentiality

All Swiss financial institutions are obliged to guarantee that any information held about you or your account is strictly confidential.

Swiss bank secrecy is a single of the strictest in the globe and is component of an ancient Swiss custom of privacy. Below Swiss legislation any banker who reveals info about you without your consent runs the chance of a prison sentence.

Privacy

The only exceptions to this rule are in regard to critical crimes this sort of as arms smuggling and drug trafficking. In the occasion of accusations of tax evasion, your privacy is still assured in Switzerland as failure to report cash flow or assets is not regarded as a criminal offence in Switzerland. This signifies that neither the Swiss government, nor any other government, can acquire data about your bank account. Really Should they wish to get any this kind of information, they ought to initial convince a Swiss judge that you have dedicated a critical crime punishable underneath the Swiss Penal Code.

Private Matters

Bank secrecy will not be lifted for personal issues these kinds of as inheritance or divorce as long as your banking info is held in strict self confidence as is the scenario with virtually all Swiss bank accounts. Your account should be verified to exist if a judge needs to go after the case. This is why a numbered Swiss bank account provides the maximum stage of confidentiality.

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