Best Bank In Switzerland for International Students 2025
With over 150 banks scattered across the country, you wouldn’t have difficulties choosing a particular bank to create an account with, however, following expats analysis, we have come up with the best banks for international students in Switzerland that you might wish to take a glance at.
Best Bank In Switzerland for International Students
1. Nuri
Nuri is not only a digital bank developed in Germany, but it also opens accounts and operates in all European countries and Switzerland isn’t an exception. One of the benefits of creating a German bank account in Switzerland is the ease of application, high approval rates, zero fees, and access to all the same features that any Swiss bank offers. Plus, you can manage, invest, and buy cryptocurrencies.
Below are the outstanding benefits you stand to gain as a Nuri customer
- Free bank account
- Free Visa debit card
- Free cash withdrawals worldwide
- Free SEPA transfers and payments
- Open a bank account online
- Possible overdraft
- Insurance on deposits up to 100,000 CHF
- Annual tax report
- Earn interest on Bitcoin (BTC) holdings
- Great mobile app
- Customer support in English and German
2. Wise
Creating an account with Wise is totally free and you get to hold a CHF, EUR, and a total of over 54 currencies in one place plus an average exchange rate without surcharge and hidden fees when using foreign currencies.
With a Wise card, you can access both online and offline payments from any ATM that accepts Visa/Mastercard. Withdrawals of up to 200 CHF per month are free of charge however, a fee of 1,75% applies after that.
3. Neon
Neon is one of the best (if not the best) innovative banks in Switzerland with 24/7 customer service which you could call or chat up. Neon’s bank account is completely free. Some of its features are as follows;
- Free Mastercard
- CH IBAN
- Low fees for international transfers
- Free cash withdrawals
- Free payment abroad
- Insurance for a balance of up to 100,000 CHF
- Easy-to-use mobile app
4. Migros Bank
With no monthly fees with a balance of at least 7,500 CHF, a Free debit card, a Free Maestro card, unlimited free cash withdrawals in all Migros ATMs, Insurance for assets up to 100,000 CHF, CH IBAN, and good customer service, what more would you ask for?
5. UBS
Union Bank of Switzerland is one of the oldest and most popular banks in Switzerland with over 275 branches in most corners of the country and 82 abroad. You need to be above the age of 20 to open a UBS account. UBS offers;
Free cash withdrawals in UBS ATMs, no withdrawal limit, account in CHF or EUR, the account opening is free of charge. Their low monthly fees range between 3 CHF to 9 CHF per month and online banking.
6. PostFinance
Postfinance is the fifth-largest bank in Switzerland and is one of the Swiss banks that offer Maestro or V Pay cards.
Postfinance bank has features such as;
- Account management fees are between 5 CHF and 12 CHF per month
- Account in EUR or CHF
- Special PostFinance card
- Free cash withdrawals in PostFinance ATMs
- Free SEPA transfers
- Free debit card
- Standard credit card is included
- No withdrawal limit
- The account opening is free of charge.
- Low monthly fees: 5 CHF per month
- Free payments in Switzerland
- Online banking
What Are The Basic Documents You Need To Create An Account In Switzerland?
1. Identity Card, ID, OR Passport: In any case, the bank must verify the customer’s identity.
2. Legal Documents Confirming The Origin Of The Money: Due to the fight against money laundering, every bank is obliged to clarify the source of the funds. In case of doubtful origin, each bank reserves the right to refuse a client.
3. Current Residence Status In Switzerland: Documents and proof of residence status (visa, residence or work permit, B/C permit settlement permit, etc.).
4. Information About Current Place Of Residence: Proof of residence/address, for example, through an official document or recent utility bill as a tenant, etc.
5. Letter From Your University.
What’s your take on this? We believe this article was helpful, if yes, don’t hesitate to share this information with your friends on Facebook, Twitter, WhatsApp, and other Social Platforms.