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A statement for the Swiss Financial Market Supervisory Authority (FINMA)

Updated: Apr 14, 2022

We are delighted to announce that we were given the chance to write a statement for the Swiss Financial Market Supervisory Authority (FINMA). In it AsyLex voiced its concern regarding the severe problems asylum seekers and temporarily admitted persons face while opening a bank account in Switzerland. Compared to other European countries most Swiss banks' practice in this regard is quite restrictive. AsyLex found this to be dicriminatory towards persons with N-/F-permits and calls on FINMA to make a clear statement so that this can change for the better. The fact that other countries have recognized the problem and amended their laws and regulations to make it possible for all refugees (including asylum seekers) to open a bank account highlights the importance even more. Now it is Switzerland's turn to do the same! Find our statement here!

Do you have a problem opening a bank account with your N-/F-permit? Feel free to reach out to us and our Financial Inclusion for refugees team will be happy to advise you!

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