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Postfinance Ltd (own spelling PostFinance) is a subsidiary company of the state-owned Swiss Post, [3] whose foundations date back to the early 20th century as the financial services department of Swiss Post. [4] Postfinance is active in retail banking and business client business and as such is one of the largest Swiss financial institutions. [5]
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
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In exchange for banking services, the Swiss government charges "a low, lump-sum option on the money they bank", after which Swiss tax authorities consider client tax burdens "settled". [161] After the Banking Law of 1934 was passed, Swiss bankers traveled across Europe to advertise the country's banking secrecy during World War II . [ 7 ]
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Article 47(a) § VII: Banking secrecy protection can be waived in specific legal instances where Swiss authorities have granted a right to access private banking records. Article 47(b) § I: This subsection made it a criminal offense to disclose the account information and activity of Jewish clients to Nazi Germany affiliates during World War II.
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By 1866 the Swiss Post decided to buy their own post wagons. [ 65 ] [ 54 ] In later years wagons with three and four axles were purchased. [ 65 ] [ 54 ] The wagons with 4 axles were equipped with compartments in which the mail was sorted [ 65 ] and by 1965, over sixty postal train lines had come into service. [ 40 ]