Opening a Swiss franc account as a cross-border worker
Your salary is paid in Swiss francs. Having an account in this currency lets you choose when and how to convert your money into euros, instead of putting up with your bank's rate.
In short
- Three options: a Swiss bank, a French bank that offers a franc account, or an online service.
- Compare account fees, transfer fees and the exchange rate.
- Then give your new bank details to your employer.
The three options
| Option | Strengths | What to check |
|---|---|---|
| Swiss bank | Salary received free of charge, easy payments in Switzerland | Account fees for non-residents, conditions for opening |
| French bank with a franc account | Everything in one place, with your usual adviser | Exchange rate applied and fees on each conversion |
| Online multi-currency service | Often rates close to the day's rate, quick to open | Actual fees per transaction, deposit protection |
Opening your account, step by step
- Get your identity document, your G permit, your employment contract and proof of address in France ready.
- Compare at least two options on three criteria: monthly fees, transfer fees to your euro account, exchange rate.
- Open the account, then send your new bank details to your employer's HR department.
- Try a first exchange with a small amount to check how many euros you actually receive.
Tip: our guide on currency exchange helps you compare options with a simple 3-step method.
Read the guide "Exchange your francs without losing money" →
Frequently asked questions
Do you have to have a Swiss account to be a cross-border worker?
It is not the only option: a French bank that offers a franc account, or an online multi-currency service, also let you receive a salary in francs.
What documents do you need to open a franc account?
Usually an identity document, the G permit, the employment contract and proof of address in France.