Bank account for cross-border commuters
Austria or Switzerland or Liechtenstein – where can you find the best bank account for cross-border commuters?
Do you necessarily need a bank account for cross-border commuters in Switzerland or Liechtenstein? Not necessarily. Your employer can also transfer your salary directly to an account in Austria. However, you should not choose this option across the board. We show you the advantages and disadvantages of a cross-border commuter account in Switzerland/Liechtenstein or Austria.
Advantages and disadvantages: Bank account for cross-border commuters in Switzerland or Liechtenstein
Direct wage or salary payment in SFR possible
Wage or salary is paid in SFR
Exchange into EUR possible at the rate or time of your choice
One account for transfers in Switzerland / Liechtenstein and one for transfers in Austria
Usually high additional fees for the account in Switzerland / Liechtenstein. We have a free account with a Swiss bank for B-Quadrat customers!
Additional costs for transfers to Austria
Not every bank accepts cross-border commuters
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> With guarantee nowhere cheaper than at B-Quadrat
> Independent and objective
Advantages and disadvantages: Bank account for cross-border commuters in Austria
Direct wage or salary payment in EUR possible
No costs for transfers in Austria
Wages or salary will be converted directly into EUR at the daily exchange rate (possibly at a bad rate) –> we have a solution for B-Quadrat customers!
Additional costs for transfers to Switzerland / Liechtenstein
TIP: The cross-border commuter specialists at B-Quadrat have worked out a solution with an Austrian bank that gives you an SFR bank account for cross-border commuters at no extra cost. This saves you the additional costs for an account in Switzerland / Liechtenstein and you can decide for yourself when your salary or wages are converted into EUR.
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Topic: Exchange fees
Especially as a cross-border commuter, the exchange risk is a factor to consider. It is therefore definitely an advantage if you can decide for yourself when you want to change your money from Swiss francs to euros. To ensure this, you need an additional account in SFR. Some Austrian banks also offer this service. However, this is usually associated with additional costs. We have a solution for all B-Quadrat customers at an Austrian bank where you can get an SFR account at no additional cost.
If you have your cross-border commuter salary transferred directly to an Austrian account, the money will normally be exchanged immediately at the current exchange rate. In addition, there are exchange fees and often also incoming charges. Talk to your bank about these issues, because with the right bank account(s) you can save or squander a lot of money.
Banks for cross-border commuters in Switzerland
We know that it is currently possible to open a bank account for cross-border commuters at the following banks (Post Finance, Migros Bank, Credit Suisse, UBS, St. Galler Kantonalbank, Yuh). We recommend that you request and compare the conditions or use the service at www.moneyland.ch. There you can compare the conditions directly.
TIP: A good combination consists of a low-cost bank account for cross-border commuters in Switzerland / Liechtenstein and a free account with an Austrian online bank, such as Hello Bank, Easy Bank or N26, to name just a few. We have a free account with a Swiss bank for our customers, which you can combine very well with any Austrian bank, preferably with an online bank.
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> Free and non-binding advice
> Comparison of all regional banks and Internet banks
> Financing also available in Swiss francs on request
