Swiss Bank Account in GBP
Discussion
fieldl said:
No based in HK but HSBC services should be the same. If you open an account in the UK which I did you can then open accounts in whatever currency you desire. Either savings accounts or full on current accounts.
OK I see the confusion. No this is not what I want. I want a GBP account with a swiss bank that I can transfer to / from my UK bank account.Both CS and UBS will happily open an account for you in GBP buy may have minimum deposit requirements. If you are actually going to be in Switzerland the easiest way to do this is as a "walk in" at the branches in the airport. Just take your passport and a driving licence plus a utility bill. Beware though that the deposit rates aren't that good - certainly far worse than you can get on the high street in the UK.
williaa68 said:
Both CS and UBS will happily open an account for you in GBP buy may have minimum deposit requirements. If you are actually going to be in Switzerland the easiest way to do this is as a "walk in" at the branches in the airport. Just take your passport and a driving licence plus a utility bill. Beware though that the deposit rates aren't that good - certainly far worse than you can get on the high street in the UK.
Thanks.I have no intention of going there.
Is Cash Machine card a possibility?
I think they'd be a bit wary of opening a Swiss account without you there. Certainly any UK bank would not open a UK account for you over the phone from Switzerland. And any account opened by a Swiss bank for you in the UK would have to be under UK banking
regulations.
You can get to Switzerland for £100 return, if the need for a Swiss account is great then the benefits will be worth much more than that £100.
regulations.
You can get to Switzerland for £100 return, if the need for a Swiss account is great then the benefits will be worth much more than that £100.
fieldl said:
But if your not in Switzerland and you use an ATM then you'll have to pay some sort of commission. What's the purpose?
I have a USD, GBP and EUR account with Citi Bank now. When I go to Europe or USA I call them and tell them and then my Bank Card [visa] acts in EUR or USD. So in Europe I can go to a European cash machine and withdraw EUR without paying any kind of fee. Ot just use it at a bar. Same in USA with USD.So I didn't think it was a massive leap to ask about a GBP account based in Swiss but able to take GBP from a UK cash machine. A lot simpler than transferring the funds from Swiss to UK account just to get some cash.
if you don't want to go there - i.e. you want to open the account by mail, a firm like Micheloud & Cie can help you (for a fee)
if you hop on the easyjet to geneva with your id stuff, you can do it yourself at pretty much any bank branch you see
A bank like BCGE.ch is part owned by the canton and is, probably, as secure as they come
just be careful that the account is doing what you want it to - there are a lot of myths about what a Swiss bank account can and can't be effectively used for
if you hop on the easyjet to geneva with your id stuff, you can do it yourself at pretty much any bank branch you see
A bank like BCGE.ch is part owned by the canton and is, probably, as secure as they come
just be careful that the account is doing what you want it to - there are a lot of myths about what a Swiss bank account can and can't be effectively used for
JPJPJP said:
if you don't want to go there - i.e. you want to open the account by mail, a firm like Micheloud & Cie can help you (for a fee)
if you hop on the easyjet to geneva with your id stuff, you can do it yourself at pretty much any bank branch you see
A bank like BCGE.ch is part owned by the canton and is, probably, as secure as they come
just be careful that the account is doing what you want it to - there are a lot of myths about what a Swiss bank account can and can't be effectively used for
OK thanks.if you hop on the easyjet to geneva with your id stuff, you can do it yourself at pretty much any bank branch you see
A bank like BCGE.ch is part owned by the canton and is, probably, as secure as they come
just be careful that the account is doing what you want it to - there are a lot of myths about what a Swiss bank account can and can't be effectively used for
How would I research these myths?
The Swiss have recently ruduced their position on "we do not disclose etc", after some encouragment from the US.
Sometime ago I used Standard Chartered in CI for Dollar and Sterling to enable me to write cheques in either currency. Mainly to investment companies who were mostly offshore too. There was no interest and the minimums were 15,000. So cheque writing ability came with a cost, but it suited me at the time.
Interest on other money was paid only slightly above UK rates.
I was not resident in the UK BTW. (nor the US, you never know who reads this
)
ETA Were I still in UK I might be looking to do the opposite. A SF account in UK.
Sometime ago I used Standard Chartered in CI for Dollar and Sterling to enable me to write cheques in either currency. Mainly to investment companies who were mostly offshore too. There was no interest and the minimums were 15,000. So cheque writing ability came with a cost, but it suited me at the time.
Interest on other money was paid only slightly above UK rates.
I was not resident in the UK BTW. (nor the US, you never know who reads this
)ETA Were I still in UK I might be looking to do the opposite. A SF account in UK.
Edited by jeff m on Monday 7th February 14:56
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