Migros Bank AG (Switzerland)

(2.9; 17 ratings)

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

Switzerland

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

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 (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.