Migros Bank AG

 (2.9; 17 ratings)
2.9 17
Business Focus
retail and corporate banking

Migros Bank was founded in 1958 by Gottlieb Duttweiler. The bank operates as a subsidiary of Migros Cooperatives Federal. As a cooperaive bank Migros Bank states good customer relationships rather than profit maximization as a goal. This allows Migros Bank to offer both private and commercial customers the most important banking services of good quality at attractive conditions.

Bank Category

Other banks

Services

retail banking
corporate banking

Area Served

CHSwitzerland

Products

current accounts
debit cards
prepaid cards
savings accounts
mortgage loans
precious metal accounts
structured products
custody

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

Ways to Bank

Migros Bank AG delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app

Financials

Total Assets of Migros Bank AG
Market Share of Migros Bank AG
Total Assets (2019)
47,033.32 mln CHF  (+5.27%)

Migros Bank AG is the 10th largest bank in Switzerland in terms of total assets. In 2019 its total assets were 47 033,32 mln CHF, providing the bank with the market share of 1.42%.

Deposit Guarantee

Protected Amount
up to 100,000 CHF
Guarantee Fund
esisuisse – Deposit Insurance
Covered Depositors
private individuals (Swiss and foreign)
legal entities (Swiss and foreign)
Covered Accounts
credit balances

Migros Bank AG 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. Migros Bank AG is a member of esisuisse – Deposit Insurance and makes its contributions into it.

Contacts

Bahnhofstrasse 74, 5000, Zürich, Switzerland
1032
062 832 26 26
062 832 26 11

Migros Bank AG is headquartered in Zürich.

Social Networks

Migros Bank AG has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
MIGRCHZZ50A
LEI
5493006R1UFP04UR9N08
Company Number
CHE-105.841.533

Bank Supervision

Supervised By
Swiss Financial Market Supervisory Authority
Reference Number
CHE105841533

Migros Bank AG is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE105841533).

Bank History

Founded
1958

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