Can I open an account via the Internet?

The strict requirements governing the opening of conventional accounts also apply to online Internet accounts. In Switzerland, Internet banks refer to the procedure for opening accounts by correspondence laid down by the Swiss Bankers Association in its Due Diligence Agreement with member banks. The bank verifies the identity of the customer by obtaining confirmation of the domicile indicated through an exchange of correspondence. In addition, for persons resident outside Switzerland the bank requires a notary’s certification or some other official authentication of the customer’s signature. It is therefore not yet possible to complete all account opening formalities exclusively via the Internet. (For more information on this subject please consult the “Frequently Asked Questions” on the website of the Swiss banking regulator www.cfb.admin.ch)