Budget - Banking and Money

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Budget - Payment Options

Geneva is one of the most expensive cities in the world. To plan your budget, you can find out what you'll have to pay by reading the Welcome to Geneva guide

Bulletins de versement

Shortly after you arrive, you will need to pay invoices (rental, telephone, water, electricity, television, subscriptions, etc…) with red inpayments slips (BVR in french). To make payments you will have to go the post office counter with these impayments slips. You can pay your bills either on the Internet through your financial institution or E-finance (PostFinance).

Learn more...www.postfinance.ch

  • The cheque is not used very often with the Swiss bank accounts.
  • The majority of cash machines also distribute Euros.

List of banks in Geneva

Cantonal bank

BCG - Banque cantonale de Genève 

Banks in Geneva

 list

(source: Geneva Financial Centre)

Post office's financial services

Postfinance also proposes a great number of financial services.

Cantonal bank in canton of Vaud

BCV - Banque cantonale vaudoise


Geneva’s Financial Center

Geneva, world leader in asset management

Effectiveness and efficiency combined with banker’s discretion have forged Geneva’s worldwide reputation.

While Switzerland as a whole manages 27 % of the world’s private offshore assets, Geneva is the birthplace and capital of international asset management. It is a benchmark of excellence for other financial centres. The success of the term of "private banking" underlines the fact that the criteria of quality that are applied to Geneva, where private banking was born 200 years ago, represent a world reference for the profession.

Geneva is where the two largest Swiss banks, the top fund managers in Europe, look after their largest assets. It is also in Geneva that an increasing number of foreign banks are now concentrating their international asset management teams. There are around 60 foreign-controlled banks in Geneva today. This cross-fertilization is responsible for its dynamic financial activity, further stimulated by hundreds of finance companies, independent asset managers, and asset management departments of large foreign fiduciaries and brokers.

Source: Geneva Financial Centre

Geneva Private Bankers Association


 

 

Swiss currency

Swiss franc (CHF)

1 CHF  divided into 100 centimes

Currency rates and converter


OPENING HOURS
BANKS AND POST OFFICES

Banks
normal opening Monday to Friday
from 08:30-09:00 to 16:30


Post offices
normal opening Monday to Friday
from 08:30 to 12:00
and from 13:30 to 18:30
and closing Saturday at 12 noon
Exception 
Mont Blanc & Balexert
open respectively Saturday until 16:00 and 18:00
Montbrillant post office
Saturday morning
from 08:00 to 12:00
and Sunday from 16:00 to 19:00