The 24 Cantonal Banks are modern, independent institutions that are required to be managed in accordance with proper business principles. They are either 100% or majority-owned by the cantons. Consequently, they differ from one another in their legal and organisational structure.
The history of the Cantonal Banks goes back more than a hundred years. They have been offering low-cost loans and secure investment opportunities since the 19th century. The individual Cantonal Banks operate primarily in the market of their home canton, where many of them are the market leaders.
The Cantonal Banks recognise their social and economic responsibility towards their customers, employees and sponsoring cantons. All the Cantonal Banks together account for around 30% of banking business in Switzerland and have a combined balance sheet total of more than 300 billion Swiss francs.
Every Cantonal Bank also has a national presence through its membership of the Cantonal Banks Group. This has many advantages – not least for the Bank's customers. For instance, with around 1,250 Bancomat cash machines, the Cantonal Banks have an extensive network of ATMs in Switzerland. Customers can withdraw cash in Swiss francs free of charge throughout Switzerland at the ATMs of any Cantonal Bank. There is an agreement to that effect between the Banks setting out regulations governing this facility.
There is a similar agreement covering business done over the counter. For a small fee customers can pay in or withdraw cash throughout Switzerland at any Cantonal Bank.
If you would like to save your money in a secure Swiss bank, the cantonal Swiss Account is regarded as one of the most secure accounts available. The Swiss canton that owns the bank offers 100% deposit insurance to all account holders, excepting foreign clients internationally.
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