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Adam Abdellaoui
Of Counsel
Your consultant
Raiffeisen— Bank account opening in Switzerland
Date of last update: 12 January 2026
Raiffeisen Switzerland stands as the country's second-largest banking group, built on a unique cooperative foundation that sets it apart from traditional shareholder-driven institutions. With 212 independent regional banks united under Raiffeisen Schweiz Genossenschaft, the group serves 3.75 million clients and manages over CHF 312 billion in assets as of 2026. This decentralized structure combines local decision-making with national coordination, offering clients personalized service backed by the stability of a systemically important financial institution regulated by FINMA.
+41 (44) 5152530
Raiffeisen Switzerland
Updated: January 2026 • Raiffeisen Schweiz Genossenschaft
Structure
Cooperative
212 Independent Banks
Client Base
3.75 Million
Across Switzerland
Assets Under Management
CHF 312bn
As of 2026
Supervision
FINMA
Regulated D-SIB
Banking Credentials & Codes
SWIFT / BIC Code
RAIFCH22XXX
Headquarters (St. Gallen)
LEI Number
5299006GIHQ1ELISCV48
SIC Participant
80 000
Bloomberg Code
RACH
Financial Strength & Stability
AA-
SP Rating
Stable outlook (Jan 2026)
Aa2
Moody's Rating
Long-term deposits
20.9%
CET1 Ratio
Exceeds regulatory minimums
18%
Market Share
Swiss Mortgage Market (2025)
Banking Solutions
Private Banking
Wealth management for entrepreneurs and HNWIs. Active advisory with diversified portfolios spanning equities and alternative investments tailored to risk profiles.
Asset Management
Individualized portfolio construction with regular rebalancing. Features award-winning advisory tools and transparent fee structures.
Corporate Banking
Financing for SMEs and mid-market companies. offering include working capital facilities, trade finance, and real estate financing.
Account Opening Guide
Step 1
Consultation
Contact branch or use online form. Select product (Current, Savings, or Corporate accounts).
Step 2
Documentation
Submit passport/ID and proof of residence. Non-residents provide source of funds and tax certificates.
Step 3
Verification
Complete in-person verification at a branch or video identification. Compliance review includes AML screening.
Step 4
Activation
Receive IBAN and online access within 1–7 business days. Corporate accounts may require additional setup.
Comparative Overview
Comparison of key operating models in Switzerland
Raiffeisen
Ownership
Cooperative (2M+ members)
Focus
Switzerland (Regional/Local)
Account Fees
CHF 5–10 or free
Mortgage Emphasis
High (18% market share)
UBS
Ownership
Public shareholders
Focus
Global (50+ countries)
Account Fees
CHF 5–15
Mortgage Emphasis
Moderate (wealth clients)
PostFinance
Ownership
Swiss Post Ltd (100% State)
Focus
Switzerland only
Account Fees
CHF 5 monthly
Mortgage Emphasis
None (lending prohibited)
Maria Werner
Of Counsel – specialized in corporate law and tax law
info@goldblum.ch
+41 (44) 5152530
The Cooperative Model
Unlike shareholder banks, Raiffeisen is owned by its members. Voting rights are distributed democratically (one member, one vote).
Ownership Base
2M+ Members
Co-owners of 212 banks
Share Price
CHF 200–500
Per cooperative share
Return on Capital
3–4%
Typical interest (2020)
Zurich Institutional Office
Structured products and treasury operations center. For retail services, please contact your regional branch.
The Circle 66
8058 Zürich-Flughafen
+41 44 226 74 50
Frequently asked questions
Log into your Raiffeisen online banking account or mobile app to view your IBAN. It also appears on bank statements and account opening documents. Swiss IBANs follow the format CH followed by 19 digits.
Raiffeisen Schweiz Genossenschaft (Switzerland) and Raiffeisen Bank International AG (Austria) are legally independent entities sharing historical roots in Friedrich Wilhelm Raiffeisen's 19th-century cooperative banking model. Raiffeisen Switzerland operates 212 banks serving Swiss clients, with headquarters in St. Gallen and CHF 312 billion in assets. RBI, headquartered in Vienna, focuses on corporate and retail banking across Central and Eastern Europe. The two groups have no ownership ties.
No. Raiffeisen is a universal bank with a cooperative structure, not a private bank in the classical sense (like Julius Baer or Pictet). It offers retail banking, corporate services, and wealth management, but its primary model serves mass-market and SME clients rather than ultra-high-net-worth individuals requiring bespoke private banking.
Raiffeisen Switzerland provides the following codes for institutional clients: Reuters dealing codes RACH (Money Market, Rates) and SRBN (FX, Banknotes, Precious Metals); Bloomberg code RACH; SIC participant 80 000; LEI 5299006GIHQ1ELISCV48.
Raiffeisen Switzerland has not publicly disclosed a specific policy for onboarding fintech or cryptocurrency companies. Clients in regulated sectors should consult directly with their regional Raiffeisen bank to confirm eligibility and requirements.
Raiffeisen Switzerland is a member of the UNEP-FI Principles for Responsible Banking and the Net Zero Banking Alliance. The bank has offered sustainable investment products for over 20 years and is a member of Swiss Sustainable Finance (SSF). Sustainability is one of the four Raiffeisen corporate values and part of the group's strategy.
In 2017, FINMA launched enforcement proceedings against the banking group in relation to corporate governance issues. After an eight-month investigation, [FINMA](https://goldblum.ch/knowledgebase/finma) concluded its enforcement proceedings in June 2018. In April 2022, former executives were sentenced in connection with financial damage to the group. These events led to strengthened governance and control measures across the organization.
Requirements depend on client profile and are confirmed during branch consultation. Enhanced due diligence can extend onboarding timelines for non-residents.
Raiffeisen Switzerland provides specialized products for institutional clients: money market operations, foreign exchange liquidity, interest rate swaps, debt capital market services, fixed income trading, structured products, precious metals (LBMA Full Member), and banknote services. Contact Treasury & Markets Client Relationship Management at The Circle 66, CH-8058 Zurich-Airport, +41 44 226 74 50.
For corporate banking inquiries, contact your nearest regional Raiffeisen bank or the Zurich institutional office at +41 44 226 74 50. Each regional bank maintains decision-making authority for local corporate clients.
Adam Abdellaoui
Your personal contact
Of Counsel
Contact us to learn more about opening a Swiss bank account
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