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Fee For Closing Migros Bank Account

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Forum Banking Forum Accounts & Interest Fee For Closing Migros Bank Account

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BenutzernameMoneyland User Questions
Status Member
Registriert seit1/27/17
Beiträge2142

January 15, 2018, 1:12:53 PM

Does Migros Bank charge fees for closing bank accounts?

BenutzernameMoneyguru von moneyland.ch
OrtSchweiz
Status Expert
Registriert seit8/4/15
Beiträge4079

January 15, 2018, 1:20:21 PM

Hi there,

Migros Bank does not currently charge fees for the opening and closing of bank accounts. However, the bank does charge a fee for the termination of a banking relationship. If you only hold a single account at Migros Bank and do not use other MIgros Bank products, then closing your account may qualify as a banking relationship termination.

The banking relationship termination fee charged by Migros Bank is 15 Swiss francs (plus transfer fees) when this is done remotely and 30 Swiss francs when you terminate and cash out your account at a Migros Bank branch office.

Best regards from Moneyguru

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