Finances
With a Swiss bank account, you can receive salaries and cover ongoing expenses. It is also important to understand the Swiss tax system.
Open a bank account within the first 1-2 weeks
Tax liability and withholding tax in Switzerland
Pension provision: understand the 3-pillar system
Cashless payments are widespread
Open a bank account within the first 1-2 weeks
Tax liability and withholding tax in Switzerland
Pension provision: understand the 3-pillar system
Cashless payments are widespread
Finances in Switzerland
It is best to open a bank account in Switzerland as soon as possible after your arrival. Your Swiss employer will usually want to transfer your salary to a Swiss bank account. If you pay rent and utility bills from a Swiss bank account, you will also avoid international transfer fees. The opening of a bank account is subject to various regulations. The application process may vary depending on your nationality and place of residence.
What you should pay attention to
Almost every bank charges a monthly or annual fee for using the account. The amount of the fee usually depends on the desired banking services. You must be registered as a resident of Switzerland before you can open an account.
Learn more about the topic hereBudget calculator
This calculation is based on standard assumptions and is for guidance only. Your actual expenses may vary depending on your personal situation. All values can be adjusted individually.
Net salary per month (CHF)
Household
Number of children
Subject to withholding tax
Expenses per month
Result (disposable)
Rent
Electricity / heating
Health insurance (KVG)
Phone / internet / TV
Food & household / care
Public transport
Car
Other insurance
Tax reserves
Savings / retirement
Leisure / holidays
Subscriptions / other