- BenutzernameMoneyland User Questions
- Status Member
- Registriert seit1/27/17
- Beiträge2142
I read that Posfinance is not subject to Swiss bank secrecy laws. Is that correct?
Here you will find the right answers
The moneyland.ch forum lets you exchange knowledge on numerous topics related to money and get answers to your questions at any time. Join forum users and experts in discussions relating to banking, investment, insurance, retirement, telecom and everyday money topics.
Show categories
I read that Posfinance is not subject to Swiss bank secrecy laws. Is that correct?
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
More on this topic:
Bank customer secrecy explained
Swiss banking package comparison