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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]
Numbered bank accounts are bank accounts wherein the identity of the holder is replaced with a multi-digit number known only to the client and selected private bankers. [ 1 ] [ 2 ] Although these accounts do add another layer of banking secrecy , they are not completely anonymous as the name of the client is still recorded by the bank and is ...
Swiss Post (German: Die Schweizerische Post [diː ˈʃvaɪtsəʁɪʃə pɔst]; French: La Poste suisse [la pɔstə sɥis]; Italian: La Posta Svizzera [la ˈpɔsta ˈzvittsera]; Romansh: La Posta Svizra) is the national postal service of Switzerland.
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The Swiss Financial Market Supervisory Authority (FINMA) [a] is the Swiss government body responsible for financial regulation. This includes the supervision of banks, insurance companies, stock exchanges and securities dealers, as well as other financial intermediaries in Switzerland . [ 2 ]
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 ]