Legal notice

The contents on this website are for information purposes only and constitute neither a request nor a solicitation nor an offer nor a recommendation to buy or sell investment instruments or financial products, nor to contract financial services, nor to perform any other transactions of such nature. Products and services displayed on this website may not be eligible for sale or available to residents of certain countries or certain categories of investors.

People residing/domiciled in countries in which local law prohibits access to this information or which require the prior permission or registration of BBVA Switzerland in said country are not permitted access to the information published on this website.

Please note that the content of this website is not directed at or intended as an offer or recommendation of any financial instrument or product to persons in the U.S. (or its territories) or U.S. persons within the meaning of the U.S. Securities Act of 1933 and “Regulation S”. BBVA Switzerland is not registered as a U.S. investment advisor or broker-dealer.

In addition, BBVA Switzerland is required by CRS and FATCA regulations to document the tax status of its clients and, if necessary, to report certain financial account information of these persons to the relevant tax authorities. CRS provides for the annual automatic exchange of financial account information between participating jurisdictions. In this regard, this website is also not directed to persons resident in a non-CRS participating country. The list of CRS participating countries that have an agreement with Switzerland can be found on the official Swiss website (www.sif.admin.ch).

Any materials available on this website have no regard to the specific investment objectives, financial situation, or particular needs of any specific recipient. Any opinions are subject to change without notice and may differ or be contrary to opinions expressed by other business areas or BBVA group entities as a result of using different assumptions and criteria. BBVA Suiza is not under any obligation to update or keep current the information contained herein.

The Swiss Financial Services Act (“FinSA”) requires financial services providers to introduce extended rules of conduct and to provide their clients with comprehensive information and documents, among others, in order to provide better protection for investors and to create comparable standards for financial services providers. For cross-border topics, we also observe the FINMA circulars. Furthermore, although the set of European regulations known as “MiFID” is not directly applicable to BBVA Switzerland, for cross-border reasons, BBVA Switzerland has decided to apply the standard of protection established by MiFID on certain points when our clients are residents of the European Union. Should you, on your own initiative, require further information on these topics, please address to the contact person at BBVA Switzerland for the relevant brochure.

BBVA Switzerland cares about your privacy and is committed to protecting your personal data
in accordance with a high level of security. We kindly ask you to read our Data Privacy Statement, in order to inform you about the data the BBVA Switzerland collects, the reasons
why it processes it and your rights.

The activation of certain links to this website may, under certain circumstances, cause the user to leave the BBVA Suiza website. These links are totally out of the control of BBVA Suiza. BBVA Suiza has not reviewed the sites linked to the BBVA Suiza website and accepts no responsibility for the exactitude, thoroughness, or legality of the contents, products or services, or other offers available via these links. This also applies to websites that offer links to the BBVA Suiza website.
Furthermore, explicit prior authorization must always be obtained for a link leading from an external website to the BBVA Suiza website.

The information on this website may contain projections or other forward-looking statements related to BBVA Suiza that involve risks and uncertainties. Readers are cautioned that these statements are only projections and may differ materially from actual future results or events. Readers are referred to the documents which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including, among other things, risks relating to market fluctuations and volatility, significant interest rate changes, credit exposures, cross border transactions and foreign exchange fluctuations, impaired liquidity, competition, and legal liability.

esisuisse represents the deposit insurance scheme in Switzerland which protects clients’ deposits (irrespective of whether they are domiciled in Switzerland or abroad), in principle, up to a maximum of CHF 100,000 per client. More information on this topic will be explained in detail in one of the official languages or in English at www.esisuisse.ch/de, www.esisuisse.ch/fr, www.esisuisse.ch/it and www.esisuisse.ch/en.

Changes to the Swiss Banking Act and its Ordinance came into force on 1 January 2023 and thereby increased the deposit protection for bank accounts (Deposit Insurance Scheme) for specific clients:

What is deposit insurance?

Deposits at BBVA Switzerland are covered by the deposit insurance scheme. In the event of a bankruptcy of BBVA Switzerland, the deposit insurance scheme protects client deposits against loss up to the amount of CHF 100,000 (laid down by law). If a client has multiple accounts at the same bank (BBVA Switzerland), the credit balances are added together, with a maximum amount of CHF 100,000 covered. Digital Assets are not covered by the scheme.

What is changing for joint accounts?

If several persons own an account together, this group is treated as an individual, separate client when it comes to protection. This change leads to better client protection.

If this group holds multiple accounts, these are added together. The balance for the group is protected up to a total of CHF 100,000.

As an example, groups might comprise spouses, simple partnerships, communities of heirs or condominium associations.

If individuals in such a group have their own separate client relationship with the bank, a balance of up to CHF 100,000 is also protected for this separate client relationship. This represents more protection for the client.

Until 31 December 2022, the group’s balance was divided among the individuals in the group, the split amount then added together with claims from individuals’ own separate client relationship and the protection was capped at CHF 100,000 per person.

What is changing for financial intermediaries?

Financial intermediaries are no longer protected (no protection and no privileged treatment of deposits in case of bankruptcy). As an example, these include other banks, securities firms and insurance providers.

Where is the protection of bank deposits regulated in law?

The legal provisions for deposit protection can be found in Articles 36a to 37jbis of the amended Banking Act and in Articles 42a to 44a of the amended Banking Ordinance.

Please note that this legal disclaimer is for information purposes only, and that legal provisions are those that are authoritative (i.e. have the force of law).

In case you have a complaint about the services offered by BBVA Switzerland, please address to your relationship manager or a contact person at BBVA Switzerland, who will be happy to assist you. If you are not satisfied with
BBVA Switzerland's response to your complaint, you can contact the Swiss Banking Ombudsman:

Swiss Banking Ombudsman

Bahnhofplatz 9

P.O. Box

CH-8021 Zurich

https://bankingombudsman.ch/en/

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Swiss legislation will be applicable to all legal issues that may involve the present website or any disputes involving BBVA Suiza.

The place of jurisdiction is Zurich. Mandatory places of jurisdiction are reserved.