Tips on Opening a Bank Account in Switzerland as an International Student

10 October 2025

Studying in Switzerland is a great opportunity that will bring new experiences and responsibilities. After arriving, one of the first important things to do is open a student bank account. It will help you facilitate your living costs, receive money from home, and pay for local expenses. A bank account in Switzerland also allows you to maintain funds safely, whilst facilitating your local and international transactions in and out of the country.

Here at BCES Admissions Abroad, we support students every step of the way. From applying to a top Swiss university, to banks, housing, and finance. Below is an all-inclusive and easily digestible guide to opening a bank account as an international student in Switzerland.

Why You Need a Bank Account in Switzerland

Managing money becomes much easier when you have a local account. Here’s why most international students prefer to open one:

Secure Money Management: Swiss banks are known globally for their stability, transparency, and advanced banking systems.

Smooth Transactions: You can pay rent, tuition fees, and utility bills directly in Swiss Francs (CHF).

Easy Access to Funds: Receive money from family or part-time jobs without international transfer delays.

Build Financial Record: Maintaining a local bank account helps you create a Swiss financial history, which can be useful if you stay longer or apply for internships.

Types of Student Bank Accounts in Switzerland

As an international student, you can choose from several types of accounts depending on your financial needs:

Student Current Account: Best for everyday expenses and digital payments.

Savings Account: Allows you to save money safely while earning small interest benefits.

Online or Digital Account: Perfect for students who prefer managing money through mobile apps.

Leading banks like UBS, Credit Suisse, PostFinance, Raiffeisen, and Neon offer accounts tailored for international students, with English-language services and easy digital access.

Documents Required to Open a Swiss Bank Account

When opening your Swiss student bank account, you will need:

• Valid Passport or National ID
• Swiss Student Visa or Residence Permit
• Proof of Enrollment from your university or institution
• Proof of Swiss Address (rental agreement or student housing letter)
• Passport-size Photo (in some cases)

Students from outside the EU or EFTA may also need to show additional documents like a proof of funds or a sponsorship letter.

Step-by-Step Process to Open Your Bank Account

Select a Bank: Compare banks that offer student benefits and easy online banking options.

Apply Online or Visit a Branch: You can start the process before or after arriving in Switzerland.

Submit Documents: Provide the required identification and enrollment details.

Verification Process: The bank will review and verify your documents.

Activate Your Account: After approval, you will receive your account number, debit card, and access to online banking.

Top Banks for International Students in Switzerland

If you are not sure where to start, listed below are some widely utilized banks that accommodate students.

UBS Switzerland: Offers multi-languages system, easy to use mobile banking, and international access.

Credit Suisse: Very good option for secure banking, fast banking transfers, and online banking.

PostFinance: A federally backed bank offering reliable banking service across Switzerland.

Raiffeisen Bank: For students who are not in large cities, this is a great institution as you will have local branches to access.

Neon (digital bank): 100% digital bank and very convenient for students; online banking is best suited for someone who doesn’t want to visit a bank.

Can you open a bank account before you arrive in Switzerland?

Yes! Most banks in Switzerland will even allow international students to open an account online, before even arriving in Switzerland so that it will ease the transfer of funds for accommodation or tuition, and open a bank account on time before the flight. Banks now allow you to digitally upload documents and have your account fully set up when you arrive.

Some pointers about managing your student bank account:

• Make sure you have a current passport and any visa documents on hand.
• Use mobile banking apps to keep an eye on spending and payments.
• Maintain your transaction history accurate to comply with banking standards in Switzerland.
• Utilize a bank that also offers services in English to make it a bit clearer; communication could be challenging for some banking transactions.

At BCES Admissions Abroad, we go beyond university applications. Our team helps you understand life as an international student — from handling paperwork and finances to adjusting to Swiss culture. We provide complete guidance to ensure your transition is simple and stress-free.

Get in touch with us today at +91 8800096600 to start your journey toward studying in Switzerland confidently and conveniently.