Migros Bank
Marcus Altenburg, Published
Migros Bank is a retail bank based in Zurich, founded in 1958. It works with international clients, so a non-resident can open an account here when the source-of-funds file is clean. As a retail bank, it typically expects little or nothing for residents, though non-resident access is limited — as of June 2026, and not a published per-bank figure.
About Migros Bank
Retail and commercial banking primarily for customers resident in Switzerland; non-resident onboarding is limited and not a standard offering. Migros Bank belongs to Federation of Migros Cooperatives.
| Type | Retail bank |
|---|---|
| Head office | Zurich |
| Founded | 1958 |
| Legal name | Migros Bank AG |
| Assets | around CHF 58.7 billion total assets (as of 2023) |
| Service languages | English, German, French, Italian |
| Non-residents | Accepts international clients |
- Founded in 1958 by Gottlieb Duttweiler within the Migros cooperative movement.
- Wholly owned by the Federation of Migros Cooperatives; nationwide branch network.
Opening an account at Migros Bank as a non-resident
Migros Bank assesses each non-resident applicant on source of wealth, source of funds and risk profile, and runs an English-language service for international clients. The decisive factor is a documented source of funds, not nationality. Assemble the evidence (tax returns, sale or employment records, a clear paper trail) before you approach the bank. Our guide to opening a Swiss bank account sets out the full document list and the timeline.
Is Migros Bank a fit for a non-resident?
As a retail bank, Migros Bank is built around customers resident in Switzerland. A non-resident without a Swiss footing will usually find a private or online bank the more realistic route.
If you would rather have this handled than explained, we prepare the source-of-funds file and introduce you to a suitable bank, and we can incorporate the company an account often sits behind. You can also compare Migros Bank with 35 other Swiss banks.
Official website: Migros Bank.
FAQ
Frequently asked questions.
01Can a non-resident open an account at Migros Bank?
Yes. Migros Bank is a retail bank in Zurich that works with international clients. As with any Swiss bank, approval turns on a documented source of funds and the bank's own onboarding checks, not on nationality alone.
02What kind of bank is Migros Bank?
Migros Bank is a retail bank, part of Federation of Migros Cooperatives, founded in 1958, based in Zurich. Founded in 1958 by Gottlieb Duttweiler within the Migros cooperative movement.
03What is the minimum to bank with Migros Bank?
There is no published per-bank minimum. As a retail bank, Migros Bank typically expects little or nothing for residents, though non-resident access is limited. The realistic entry point depends on the relationship rather than a fixed rule (as of June 2026).
04Does Migros Bank serve clients in English?
Yes. Migros Bank runs an English-language service alongside German, French, Italian, so a non-resident can be onboarded and advised in English.
Discuss your matter.
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