Cash Out

The term "cash out" denotes the process of converting non-cash assets into cash. In Switzerland, the closure of or full removal of assets from a checking or savings account is often referred to as the “balancing” or “cashing out” of the account balance (“saldieren” or “Saldierung” in German).

You can generally close a single account, such as a checking account, without having to give up your other accounts or services at the same bank.

While you can open an account at most banks without paying a fee, many banks charge you fees when you close your account.

The one-off costs of closing an account are accounted for in the checking account and bank package comparisons on moneyland.ch.

More on this topic:
Unbiased Swiss checking account comparison
Comprehensive Swiss savings account comparison
Swiss bank package comparison

Expert Benjamin Manz
Benjamin Manz was an expert on banking and financial topics at moneyland.ch.
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  • With cash back

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  • Free multicurrency account & low commissions

  • Access to more than 3 million products (shares, ETFs, crypto and more)

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Manor World Mastercard®

  • 20% welcome discount + 10x points on your first purchase

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  • Pay worldwide and collect points (even earn double points at Manor)

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Managed by Alpian

  • Up to CHF 50 investment fee credit

  • Customized portfolios

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  • Winner „most affordable card for use abroad“

  • Maximum security and full control

  • No annual fee

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  • Open and manage your account, savings account, and cards easily in the UBS Mobile Banking App

  • Plus KeyClub rewards program

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