Founded in 1871, Thurgauer Kantonalbank is a universal bank, providing retail and business banking products mainly to the canton residents (natural persons and legal entities). Traditionally for cantonal banks, Thurgauer Kantonalbank is especially strong in savings and mortgage products. Like most of the cantonal banks, Thurgauer Kantonalbank has full state guarantee of its liabilities.
Becoming a client of Thurgauer Kantonalbank can be done in a few steps:
Due to regulatory requirements Thurgauer Kantonalbank performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Thurgauer Kantonalbank will ask him/her to provide the following documents: passport; proof of address. For corporate clients Thurgauer Kantonalbank will ask to provide corporate documentation as well as information about controlling persons. Thurgauer Kantonalbank may request additional documentation or information depending on the case. Thurgauer Kantonalbank performs client's identity verification via branch visit.
Thurgauer Kantonalbank is the 23rd largest bank in Switzerland in terms of total assets. In 2019 its total assets were 25 609,56 mln CHF, providing the bank with the market share of 0.77%. Thurgauer Kantonalbank is the 10th largest cantonal bank in Switzerland (out of 24 cantonal banks) having market share of 4.09% amongst the banks of this category. In 2019 the bank's annual profit was 135,09 mln CHF. Thurgauer Kantonalbank had 686 employees in 2015.
Thurgauer Kantonalbank participates in the deposit guarantee scheme of Switzerland. This deposit guarantee scheme applies to credit balances made by private individuals (Swiss and foreign), legal entities (Swiss and foreign) and covers up to up to 100,000 CHF per bank per depositor. Thurgauer Kantonalbank is a member of esisuisse – Deposit Insurance (ESI) and makes its contributions into it.
Thurgauer Kantonalbank is headquartered in Weinfelden.
Thurgauer Kantonalbank has profiles at the following social networks:
Thurgauer Kantonalbank is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE-108.954.458).