Accounts can be set up in person or via mail. The key feature of a Swiss bank account is secrecy. It works like your American bank, but most legal matters like divorce, taxes and bankruptcy are considered private. In fact, the Swiss are known for keeping their secrets. While some countries change their laws under American pressure, Switzerland just keeps going. On the other hand, everyone knows about Swiss bank accounts, so if a creditor knows you’ve got one, they also know you’re hiding something.
