Migros Bank AG

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

Migros Bank AG is the 10th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 42 752,24 mln CHF, providing the bank with the market share of 1.38%.

Rank in Switzerland
10th largest bank

Total Assets (2016)
42 752.24 mln CHF  (+1.23%)

Migros Bank AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

Migros Bank AG is headquartered in Zürich.

Address
Bahnhofstrasse 74, 5000, Zürich, Switzerland
P.O. Box
1032
Phone
062 832 26 26
Fax
062 832 26 11
Website
https://www.migrosbank.ch/
BIC (SWIFT)
MIGRCHZZ50A
Company Number
CHE-105.841.533
Founded
1958

Business Summary

Services
retail banking
corporate banking
Products
current accounts
debit cards
prepaid cards
credit cards
savings accounts
time deposit accounts (0.00 - 0.30 %)
consumer loans (5.90 - 5.90 %)
mortgage loans
precious metal accounts
structured products
custody

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with Migros Bank AG are covered by deposit guarantee scheme of Switzerland up to 100 000 CHF per depositor. Migros Bank AG offers the following time deposit accounts.

Updated on 14 December 2017

Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.00 %
Deposit Term (months)
24
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.00 %
Deposit Term (months)
24
Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.00 %
Deposit Term (months)
36
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.00 %
Deposit Term (months)
36
Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term (months)
48
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term (months)
48
Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.20 %
Deposit Term (months)
60
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.20 %
Deposit Term (months)
60
Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.25 %
Deposit Term (months)
72
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.25 %
Deposit Term (months)
72
Kassenobligation
Sales Region
Switzerland
Account Currency
EUR
Interest Rate (p.a.)
0.30 %
Deposit Term (months)
84
Time Deposit Account Details
Product Name
Kassenobligation
Account Currency
EUR
Interest Rate (p.a.)
0.30 %
Deposit Term (months)
84

Switzerland: This product is offered to Swiss residents only. When clicking on the product link you will be redirected to the product page in German, French or Italian.

See Also

Credit Cards

Credit cards provide a convenient option to borrow funds for short-term financing, for examples purchasing of goods and services. Credit cards differ by credit card provider (Visa, American Express, MasterCard), credit card type (silver, gold, platinum), charged interest and annual costs. The following credit cards are offered by Migros Bank AG.

Updated on 14 December 2017

Visa Classic
Sales Region
Switzerland
Card Currency
CHF
Card Provider
Visa
Card Type
Standard
Annual Costs (CHF)
100.00
Credit Card Details
Product Name
Visa Classic
Card Provider
Visa
Card Type
Standard
Annual Costs
100.00 CHF
Card Currency
CHF
Bonus Programs
Insurances
Benefits
Services
Visa Gold
Sales Region
Switzerland
Card Currency
CHF
Card Provider
Visa
Card Type
Gold
Annual Costs (CHF)
200.00
Credit Card Details
Product Name
Visa Gold
Card Provider
Visa
Card Type
Gold
Annual Costs
200.00 CHF
Card Currency
CHF
Bonus Programs
Insurances
Benefits
Services
Visa Gold
Sales Region
Switzerland
Card Currency
CHF
Card Provider
MasterCard
Card Type
Gold
Annual Costs (CHF)
200.00
Credit Card Details
Product Name
Visa Gold
Card Provider
MasterCard
Card Type
Gold
Annual Costs
200.00 CHF
Card Currency
CHF
Bonus Programs
Insurances
Benefits
Services

Switzerland: This product is offered to Swiss residents only. When clicking on the product link you will be redirected to the product page in German, French or Italian.

See Also

Consumer Loans

Consumer loans are secured or unsecured (i.e., backed or non-backed by a collateral) loans provided to retail customers for personal, family, or household purposes or for purchase of goods and services. In terms of repayment, consumer loans can be revolving (when a credit limit can be spent, repaid and spent again) or installment (such a loan is repaid in equal installments until the loan is paid off at the end of its term). Consumer loans offered by Migros Bank AG are shown in the table below.

Updated on 14 December 2017

Privatkredit
Sales Region
Switzerland
Loan Currency
CHF
Effective Rate (p.a.)
5.90 %
Loan Amount (CHF)
1000 - 100000
Loan Term (months)
6
Privatkredit
Sales Region
Switzerland
Loan Currency
CHF
Effective Rate (p.a.)
5.90 %
Loan Amount (CHF)
1000 - 100000
Loan Term (months)
12
Privatkredit
Sales Region
Switzerland
Loan Currency
CHF
Effective Rate (p.a.)
5.90 %
Loan Amount (CHF)
1000 - 100000
Loan Term (months)
24
Privatkredit
Sales Region
Switzerland
Loan Currency
CHF
Effective Rate (p.a.)
5.90 %
Loan Amount (CHF)
1000 - 100000
Loan Term (months)
36
Privatkredit
Sales Region
Switzerland
Loan Currency
CHF
Effective Rate (p.a.)
5.90 %
Loan Amount (CHF)
1000 - 100000
Loan Term (months)
48
Privatkredit
Sales Region
Switzerland
Loan Currency
CHF
Effective Rate (p.a.)
5.90 %
Loan Amount (CHF)
1000 - 100000
Loan Term (months)
60
Privatkredit
Sales Region
Switzerland
Loan Currency
CHF
Effective Rate (p.a.)
5.90 %
Loan Amount (CHF)
1000 - 100000
Loan Term (months)
72
Privatkredit
Sales Region
Switzerland
Loan Currency
CHF
Effective Rate (p.a.)
5.90 %
Loan Amount (CHF)
1000 - 100000
Loan Term (months)
84

Switzerland: This product is offered to Swiss residents only. When clicking on the product link you will be redirected to the product page in German, French or Italian.

See Also

Financial Positions

Total Assets (2016)
42 752.24 mln CHF  (+1.23%)

In 2016 total assets of Migros Bank AG were 42 752.24 mln CHF. Growth compared to the previous period (2015) was 1.23%. The evolution of the total assets of Migros Bank AG is shown at Chart 1 below.

Total Assets of Migros Bank AG.

Chart 1. Total Assets of Migros Bank AG.

Market Position and Market Share (among banks in Switzerland)

Total Assets (2016)
10th (market share 1.38%)

In 2016 Migros Bank AG was the 10th largest bank in Switzerland in terms of total assets, having 1.38% of market share.

Market share of Migros Bank AG

Chart 2. Market share of Migros Bank AG

Several banks with market shares closest to Migros Bank AG are shown below.

RankNameTotal AssetsMarket Share
9 Banque Cantonale Vaudoise43239.85 mln CHF1.40%
10 Migros Bank AG42752.24 mln CHF1.38%
11 Luzerner Kantonalbank AG34854.75 mln CHF1.13%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 CHF per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.

In the case of Migros Bank AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, commercial enterprises and public-sector offices
Covered Accounts  credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)
Covered Currencies  all
Maximum Protected Amount  100 000 CHF
Paid In Currency  CHF

Further Information

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Migros Bank AG and its components are shown in the table below.

BIC  MIGRCHZZ50A
Bank BIC Code  MIGR
Country Code  CH (Switzerland)
Location Code  ZZ
Branch Code  50A

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  CHE-105.841.533