Expat Savvy Banking Guide

Expat Savvy’s banking section walks through the account opening process in the correct order for Switzerland: register at the commune first, then use the Anmeldebestätigung as proof of address at the bank. It also explains why some banks will not open accounts for US citizens because of FATCA reporting obligations, which is a practical problem that catches some arrivals by surprise.

The site compares the main options honest about their trade-offs. Traditional cantonal banks offer branch access and familiar structures but higher fees for foreign transfers. Neon and Yuh offer lower fees and English apps but no physical branches, which can matter if you need to deposit a security deposit cheque or deal with a cantonal administration that still requires in-person banking.