connect, grow & thrive.

Personal Banking in Switzerland

New to Switzerland and overwhelmed by the sheer choice of banks available? Here is our guide to local banks help get you started…


Their individual banking package (for people aged over 24) is free to new clients for the first year.  After that the regular package fee is CHF 20 a month (or CHF 15 if you change to using e-documents).  The package includes a personal account for incoming salary and pension payments, a savings account, a V PAY Card or a Maestro Card, credit cards and a MasterCard Prepaid. Cash withdrawals from UBS Bancomat’s are free of charge, but cost CHF 2 per withdrawal from 3rd part ATM’s. You can open an account online via their app or in branch.

Their main branch in Luzern is located at Bahnhofplatz 2, 6006 Luzern and is open 9am – 5pm weekdays.

Their webpage is available in English, German, French and Italian.

UBS has been a strategic partner of Living in Luzern since April 2013lil-certified



Credit_Suisse_Logo.svgCredit Suisse

Their Bonviva Banking Package offers 3 tiers of accounts: Silver, Gold and Platinum. Silver costs CHF 15 / month and includes a savings account, 1 Maestro card and 2 credit cards.  The Gold and Platinum packages cost respectively more per month but include more benefits. All are half price for the first year.  The benefits of all 3 accounts can be compared in more details here:

With Credit Suisse you benefit from free cash withdrawals at all ATMs in Switzerland.

You can apply for your account online  and they will send you all the documents for a quick, one off identification at one of their branches.

Their main branch in Luzern is located at Schwanenplatz 8, 6002 Luzern and is open 9am – 6pm weekdays.

Their webpage is available in English, German, French and Italian:




Post Finance

A private account costs just CHF 5 a month (or free of charge for assets exceeding CHF 7,500).

The account includes a free of charge PostFinance card which can be used to withdraw cash worldwide or to pay in stores and online.

Cash withdrawals are free at all ‘Postomats’, but cost CHF 2 per withdrawal at 3rd party ATM’s.

Their private account plus costs CHF 12 a month (or free of charge for assets exceeding CHF 25,000) and includes a PostFinance card in CHF or Euros.

A major benefit of this account is that it includes free cash withdrawals at 3rd party ATM’s in Switzerland and abroad.

Both accounts can be managed online or on paper.

They have a useful online comparison tool, which can be used to compare the various accounts available to clients:

Their webpage is available in English, German, French and Italian:

A PostFinance branch can be found at the main post office in Luzern Bahnhofplatz 4 6003 Luzern and is open from 9am – 6pm weekdays and 9am – 12pm on Saturdays.




Raiffeisen are a cooperative bank and the third largest in Switzerland (after UBS and Credit Suisse). Their private members account

Their webpage is currently not available in English but can be viewed here in German, French or Italian:

They offer a number of different accounts for private clients and more information can be found here:

It is worth noting that they are currently not accepting US citizens as clients.

Membership benefits also include up to 50% discount on concert tickets, ski passes and free entry to 490 museums across Switzerland.




Valiant are an independent Swiss Bank. Their website is currently only available in German and French:

They offer 2 different banking packages:

‘Trend set’ which is managed online via e-banking and costs from CHF 4 per month or the ‘Klassick set’ which is designed to be used in branch and costs from CHF 6 per month.

More details can be found online here:

Their Luzern Branch is located at Pilatusstrasse 39 and is open 9.30am – 12pm, 1pm – 5pm weekdays.



Luzerner Kantonalbank

Their website is currently only available in German. They do have an information page in English but this only offers a brief history and overview of the bank rather than information about available accounts and services. Overall their site is quite difficult to navigate without a good level of German.



This page is purely for information purposes.

Charlie Hartmann is the managing director of the Living in Luzern organisation which focuses on helping international residents connect, grow and thrive in Switzerland.