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.
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