Business banking in Switzerland

How business banking works in Switzerland

Switzerland has traditional banks, cantonal banks, PostFinance, and a growing set of digital providers. Most companies hold a Swiss franc account for domestic payments and salaries, and many add a second account or provider for foreign exchange when they invoice clients abroad. Pricing usually combines a base fee with per item or package charges, and digital providers compete on lower foreign exchange costs. Figures here are as of 11 October 2026.

Who can open a business account

Companies registered in Switzerland, such as a GmbH or an AG, and sole proprietors can open a business account. Non residents and foreign owned companies can apply, although banks assess the genuine business reason and economic substance and may require an in person visit. Verify your situation with the provider.

Traditional banks compared with neobanks

Traditional and cantonal banks offer branch service, lending, and the full product range, usually at a higher cost. Digital providers offer faster online sign up and strong foreign exchange pricing, though some do not issue a Swiss franc IBAN. Many Swiss businesses combine a low cost franc account with a separate foreign exchange provider. Verify current terms with each provider.

Requirements and documents

Documents vary by provider and by whether the applicant is resident. Common items include the following. Verify with the provider

• Commercial register extract and articles of association for the company.
• Identification for the owners, directors, and beneficial owners.
• Evidence of the business activity and, for foreign owned companies, the commercial reason for a Swiss account.

How to open an account

1. Register your company and obtain a commercial register extract.
2. Choose a provider that fits your need for a franc account, foreign exchange, or both, and gather the required documents.
3. Apply online or in person, complete identity and compliance checks, then fund and activate the account.