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Postfinance Bank Secrecy

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

December 8, 2017, 2:41:00 PM

I read that Posfinance is not subject to Swiss bank secrecy laws. Is that correct?

BenutzernameMoneyguru von moneyland.ch
OrtSchweiz
Status Expert
Registriert seit8/4/15
Beiträge4072

December 11, 2017, 11:31:35 AM

Hi there,

Postfinance does not implement bank customer secrecy laws as strictly as other Swiss banks.

What this means is that Postfinance reserves the right to inform third parties about whether a person is a customer and to provide third parties with customers bank account numbers under certain circumstances. Postfinance is not allowed to provide information regarding the amount of assets held in a customer's accounts.

According to Postfinance, the reason for this exception is that Postfinance is obligated to provide basic financial services to all residents on behalf of the Swiss federal government.

Best regards from Moneyguru

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