Also is it normal to PAY to open a swiss bank account? It seems to kinda defeat the object of saving money!!
I have a question.. i am going to be living in Zurich and getting paid monthly so thought i should get a swiss bank account to enjoy the benefits of tax free savings for a few years.. what happens when i move home and try to take my money home and put it in an English account or just try to take SOME out? Will i get stung for tax?
No such thing as a "tax free savings" bank account! The interest is taxable income. The bank withholds 35%. Moreover, the assets are liable to wealth tax.
Never paid to open a bank account. There may be a monthly fee, if your balance is below a certain minimum. Which bank is asking for payment at opening?
I am desperately trying to understand why you quoted me here as my post appears to have nothing to do with yours?