The banks in Switzerland are all private - you will pay more in banking fees but this is simply the cost of accessing a comprehensive range of financial products, excellent service and strict privacy. First, we will do away with a few issues that come up all the time. This makes it even more important for you to do proper due diligence on the bank that you choose. Second, the matter of setting up your own bank. It just doesn't work that way.
Nothing really exists except for the piece of paper.
Unfortunately, this has happened and, typically, depositors eventually lose all of their money. Ask for a copy of the bank's most recent audited financial report. If they refuse to send a copy, go somewhere else. Research the bank and obtain information such as how long it has been in business, whether it is publicly traded or is it a private business, and who is the management team. If you can, we definitely recommend that you visit the bank and speak with the manager.