Migros Bank AG

Migros Bank AG is a Swiss retail bank founded in 1958 and owned by the Federation of Migros Cooperatives, headquartered in Zurich and operating exclusively in Switzerland. It offers private and savings accounts, youth and student accounts, SME payment accounts, debit cards on the Debit Mastercard network, and the co-branded Cumulus credit card issued in cooperation with Viseca, alongside e-banking and mobile app access supporting QR-bills, eBill, TWINT, and two-factor authentication. Lending focuses on residential mortgages, including fixed-rate and SARON-linked options with standard Swiss early-repayment rules, as well as personal loans subject to affordability checks. Investment services include custody accounts, funds, and discretionary or advisory mandates with tiered fees; custody, brokerage, and product costs apply. The bank maintains a nationwide branch footprint and ATMs often located in or near Migros retail sites, with services in German, French, and Italian; there is no international branch network. Pricing and interest conditions vary by account type and channel, with typical charges for foreign currency card use, cash withdrawals at non-proprietary ATMs, international transfers, and securities custody. Migros Bank is supervised by FINMA, participates in the Swiss deposit insurance scheme esisuisse covering eligible deposits up to CHF 100,000 per client, and adheres to Swiss capital, liquidity, and conduct regulations. Onboarding for non-residents is limited and subject to enhanced documentation, and cross-border restrictions apply, including for U.S. persons under FATCA. The product range is oriented to retail and small-business clients seeking standard Swiss banking, payments, mortgages, and basic investment solutions; large-scale investment banking, complex corporate finance, and global wealth services are not part of its offering. Prospective clients should review current fee schedules, FX and card terms for international use, mortgage conditions, and branch and call-center service hours before opening an account.