Fifth Switzerland prefers to talk with PostFinance

The Swiss who live abroad will not denounce Postfinance that does not grant them the right to have a credit card. At the meeting in Bern today, the Council represents them (CSE) has decided to give priority to dialogue.

The association is still "acting against discrimination banking," it said in a statement. The banks "continue to put a spoke in the wheels of Swiss nationals who live abroad and wish to maintain a banking relationship with their country of origin." The CSE has instructed the Organization of the Swiss Abroad to propose solutions within the month of August.

Last year, the government decided not to introduce any special tools to help the Swiss abroad with their finance and tax issues. It advised Swiss citizens living abroad should consult private law firms or tax advisors for help with financial issues related to their countries of residence, since Swiss tax law only applies domestically.

There are around 750,000 Swiss expats living abroad who are frequently referred to collectively as the ‘fifth Switzerland’, in addition to residents of Switzerland who speak the four main Swiss languages.