Switzerland does not offer a guaranteed automatic switch service for a business account. Switching is mostly a manual process of opening the new account, moving standing orders and direct debits, updating your IBAN on QR bills and eBill, pointing customers and suppliers to the new account, then closing the old one once everything has settled.
- Automatic switch service
- No guaranteed switch service, the process is manual
- Your IBAN
- Changes with the new bank, so update invoices and payers
- What to move
- Standing orders, direct debits, QR bill and eBill details, payment instructions
- Typical approach
- Run both accounts in parallel until everything has settled, then close the old account
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
How switching works for a business in Switzerland
Unlike some markets that offer a guaranteed switch service, Switzerland leaves a business to migrate its own banking. A Swiss IBAN is tied to the bank, so a new account means a new IBAN, and anyone who pays you or debits you needs the new details. As of 16 April 2026 the safe approach is to open the new account first, move payments across in stages, and keep the old account open until incoming receipts and outgoing payments have all moved. Confirm the steps and timing with both the old and the new provider.
What to move
Plan to move your standing orders and any direct debits, such as an LSV mandate, and to update your IBAN wherever it appears, including QR bills, eBill, and your invoices. Give the new account details to customers, suppliers, payment processors, and the authorities you deal with. Keep a checklist so nothing is missed, because a forgotten direct debit or QR bill can bounce after the old account closes.
Timing and closing the old account
Run both accounts in parallel until every incoming and outgoing payment has moved and reconciled. Only then close the old account, and confirm there are no pending fees or open mandates. As of 16 April 2026, verify the closing process with the old provider, since notice periods and final charges vary.
Steps to switch a business account in Switzerland
- Open the new account and confirm it is fully active, then note the new IBAN.
- Move standing orders and direct debits, update your IBAN on QR bills and eBill, and give customers and suppliers the new account details.
- Keep the old account open until all incoming and outgoing payments have moved, reconcile the balance, then close it and confirm there are no pending fees.
Compare business accounts available in Switzerland
These providers serve business customers in Switzerland if you are moving your banking across. Fees and eligibility shown as of 16 April 2026. Confirm current terms with the provider before applying.
Compare business accounts →Questions about switching business account in Switzerland
Is there an automatic account switch service for businesses in Switzerland?
What should a business move when switching account in Switzerland?
Will my IBAN change when I switch banks in Switzerland?
How long should I keep the old account open?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 16 April 2026. Confirm current terms with the provider before applying.