Swiss Bank Account
for everybody!

The Problem with Credit Offices

In Germany, the SCHUFA (protective community for general loan protection) and in Austria the KSV (loan protection federation of 1870) have the purpose of "protecting entrepreneurs from financial damage and advancing their liquidity".

In practice, this means that banking institutions can only find out via inquiries from SCHUFA or KSV about the credit history of a potential customer. If this information is negative, the potential customer will have a hard time opening an account.

Nowadays, however, the possession of a bank account is a must, especially if one wants to be able to shop or have money transferred otherwise.

Here, the Swiss bank account is a big advantage. For example, in Switzerland, there is no SCHUFA and no KSV.

Opening a Swiss bank account does not involve any interaction with these institutions, and nothing about a new Swiss account is announced to them, either.