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Your consultant
Adam Abdellaoui
Of Counsel

HSBC Private Bank (Suisse) SA - How to Open an Account

Date of last update: 12 January 2026
HSBC Private Bank (Suisse) SA is a key division of the global HSBC Group, specializing in private banking and wealth management for high-net-worth individuals. With offices in Geneva and Zurich, the bank combines Swiss traditions of confidentiality with international expertise, offering comprehensive banking and investment solutions for affluent clients worldwide.
+41 (44) 5152530

HSBC Private Bank (Suisse) SA

Parent Group
HSBC Group
Global Network
Entry Threshold
EUR 5,000,000
Minimum AUM (Indicative)
Regulatory Status
FINMA Regulated
Swiss Banking License
Onboarding
In-Person
Mandatory Meeting

Account Opening Process

01
Initial Consultation
Discussion with Relationship Manager to assess financial objectives and service model.
02
Document Preparation
Collection of KYC documents and comprehensive source of funds records.
03
Compliance Review
Personal meeting and thorough due diligence check by the bank.
04
Account Activation
Final approval and formal onboarding. Timeline assessed case-by-case.
Get in touch with your Swiss banking partner
Ready to open a Swiss bank account?

Requirements & Criteria

Target Client Profile
HNWI / UHNWI individuals, entrepreneurs, business owners, and family offices.
Financial Threshold
EUR 5,000,000
Minimum Assets Under Management (AUM)
Source of Funds
Strictly documented proof of legal origin required (employment, business, asset sales, inheritance).
Residence Restrictions
Case-by-case basis. Subject to Swiss AML regulations and FINMA guidelines.
Note: In June 2024, FINMA prohibited the bank from onboarding new Politically Exposed Persons (PEPs) until compliance reforms are verified.

For Non-Residents

  • ✓ Valid passport (min 6 months validity)
  • ✓ Certified/notarized copy of passport
  • ✓ Proof of address (active within 3 months)
  • ✓ TIN & Tax Residency Self-Certification
  • ✓ Curriculum Vitae (professional background)
  • ✓ Reference letter from current bank
  • ✓ Comprehensive Source of Funds proofs

For Swiss Residents

  • • Valid passport or national ID
  • • Proof of address (utility bill/official mail)
  • • Tax Identification Number (TIN)
  • • Curriculum Vitae
  • • Source of Funds documentation
  • • Completed application forms

Maria Werner

Of Counsel – specialized in corporate law and tax law
info@goldblum.ch
+41 (44) 5152530

HSBC Expat vs. HSBC Private Bank

Comparison of service levels and regulatory jurisdictions.

HSBC Private Bank
Switzerland
Target Audience
HNWI / UHNWI / Family Offices
Minimum Assets
EUR 5,000,000 (Indicative)
Regulation & Protection
FINMA / CHF 100k esisuisse
Key Service
Discretionary Wealth Management
HSBC Expat
Jersey (Offshore)
Target Audience
Expats / International Workers
Minimum Assets
Salary threshold or ~£1.5m (Premier)
Regulation & Protection
Jersey Law / £50k Scheme
Key Service
Multi-currency Transactional Banking

Our Offices in Switzerland

Geneva

Quai des Bergues 9–17
1211 Geneva 1
Switzerland

Tel: +41 58 705 55 55

Zurich

Gartenstrasse 26
8002 Zurich
Switzerland

Contact via Geneva office or online banking support.

Frequently asked questions

Adam Abdellaoui
Your personal contact
Of Counsel

Contact us to learn more about opening a Swiss bank account

Swiss banks

Bank name
Country
Year of foundation
Account opening procedure
Cost of account opening
Switzerland
1941
Online
$3 500
Switzerland
1924
Online
$3 500
Switzerland
1993
Online
$3 500
Switzerland
1996
Online
$3 500
Switzerland
1963
Online
$3 500
Switzerland
1872
Bank visit
$3 500
Switzerland
1975
Online
$3 500
Switzerland
1990
Online
$3 500
Switzerland
1953
Online
$3 500
Switzerland
1873
Online
$3 500
Switzerland
1988
Online
$3 500
Switzerland
1796
Online
$3 500
Switzerland
1964
Online
$3 500
Switzerland
1805
Online
$3 500
Switzerland
1958
Online
$3 500
Switzerland
2010
Online
$3 500
Switzerland
1804
Online
$3 500
Switzerland
1986
Online
$3 500
Switzerland
1998
Online
$3 500
Switzerland
1969
Online
$3 500
Switzerland
1998
Bank visit
$3 500

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