Union Bancaire Privée (UBP): Swiss private bank account
Marcus Altenburg, Published
Union Bancaire Privée (UBP) is a private bank based in Geneva, founded in 1969. It works with international clients, so a non-resident can open an account here when the source-of-funds file is clean. As a private bank, it typically expects a private-banking relationship, commonly from CHF 500,000 upward — as of July 2026, and not a published per-bank figure.
About Union Bancaire Privée (UBP)
Private and institutional clients worldwide, with wealth managers across many countries.
| Type | Private bank |
|---|---|
| Head office | Geneva |
| Founded | 1969 |
| Legal name | Union Bancaire Privée, UBP SA |
| Assets | CHF 171.7 billion (as of June 2025) |
| Swiss offices | Geneva, Zurich |
| Service languages | English, French, German |
| Regulator | FINMA (Swiss Financial Market Supervisory Authority) |
| Non-residents | Accepts international clients |
- One of the largest family-owned private banks in Switzerland.
- Founded in 1969 by Edgar de Picciotto; owned by the de Picciotto family.
What Union Bancaire Privée (UBP) offers
- Discretionary and advisory portfolio management
- Strategic asset allocation
- Succession and estate planning
- Alternative investments (hedge funds, private equity, real estate)
- Impact and philanthropic investing
Can a non-resident open an account at Union Bancaire Privée (UBP)?
Yes. Union Bancaire Privée (UBP) 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.
How to open an account at Union Bancaire Privée (UBP)
- Confirm your profile and the account type. Agree the type of relationship — personal, private-banking or corporate — and the likely minimum with a relationship manager.
- Assemble the documents. A valid passport, proof of address dated within three months, and evidence of the source of your funds and wealth (full checklist below).
- Verify your identity. Residents can usually start online or in a branch; a non-resident normally attends one in-person meeting at a Swiss office.
- Compliance review, then go-live. The bank runs its onboarding, AML and source-of-funds checks, then opens the account and issues access. Expect two to six weeks once the file is complete.
Requirements: resident vs non-resident
| Requirement | Swiss resident | Non-resident |
|---|---|---|
| Typical minimum | CHF 250,000 – 500,000 | CHF 500,000+ |
| Identification | One meeting or a relationship manager | Usually one in-person meeting at the Swiss office |
| Indicative timeline | one to three weeks | two to six weeks |
| Remote opening | Sometimes | Rarely — usually one Swiss visit |
Documents you will need
- a valid passport or national identity card;
- proof of residential address dated within the last three months (utility bill, bank statement or official letter);
- evidence of the source of funds and source of wealth (tax returns, employment or sale contracts, business records, inheritance documents);
- a FATCA/CRS self-certification, plus beneficial-ownership declarations where a company or structure holds the account.
How your money is protected
Deposits at Union Bancaire Privée (UBP), as at every Swiss bank, are covered by the Swiss depositor-protection scheme (esisuisse) up to CHF 100,000 per client, per bank. Securities held in custody remain the client's property and are segregated from the bank's own balance sheet, so they are returned in full even if the bank fails. Union Bancaire Privée (UBP) is supervised by FINMA.
Credit ratings
| Agency | Rating | As of |
|---|---|---|
| Moody's | Aa2 | Nov 2024 |
Is Union Bancaire Privée (UBP) a fit for a non-resident?
As a private bank, Union Bancaire Privée (UBP) is built for substantial, advised relationships rather than a simple transactional account. It suits a non-resident with investable assets who wants wealth management alongside banking and can meet a private-banking entry level.
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 Union Bancaire Privée (UBP) with 35 other Swiss banks.
Official website: Union Bancaire Privée (UBP).
Same segment
Other private banks for non-residents
FAQ
Frequently asked questions.
01Can a non-resident open an account at Union Bancaire Privée (UBP)?
Yes. Union Bancaire Privée (UBP) is a private bank in Geneva 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 Union Bancaire Privée (UBP)?
Union Bancaire Privée (UBP) is a private bank, founded in 1969, based in Geneva. One of the largest family-owned private banks in Switzerland.
03What is the minimum to bank with Union Bancaire Privée (UBP)?
There is no published per-bank minimum. As a private bank, Union Bancaire Privée (UBP) typically expects a private-banking relationship, commonly from CHF 500,000 upward. The realistic entry point depends on the relationship rather than a fixed rule (as of July 2026).
04How long does it take to open an account at Union Bancaire Privée (UBP)?
Typically one to three weeks for a Swiss resident and two to six weeks for a non-resident, measured from a complete file. The compliance and source-of-funds checks are the main variable, not the paperwork itself.
05Can I open a Union Bancaire Privée (UBP) account remotely, without visiting Switzerland?
Usually not entirely. Union Bancaire Privée (UBP) normally expects a non-resident to attend one in-person meeting at its Swiss office; the rest of the process runs remotely.
06How are deposits at Union Bancaire Privée (UBP) protected?
Cash deposits are covered by the Swiss depositor-protection scheme (esisuisse) up to CHF 100,000 per client, per bank. Securities held in custody are your property and are segregated from the bank's own balance sheet, so they are returned in full even in an insolvency. Union Bancaire Privée (UBP) is supervised by FINMA.
07Does Union Bancaire Privée (UBP) serve clients in English?
Yes. Union Bancaire Privée (UBP) runs an English-language service alongside French, German, so a non-resident can be onboarded and advised in English.
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