Loans for banking bans

“Banking prohibited” persons are natural persons who have issued a bounced check refused by a Cream Bank . That is to say a check exceeding the amount available on his account. In Switzerland, banking bans do not exist because quite simply, checks do not exist.

When a case like this occurs, the debtor / client receives a warning from the bank asking him to pay the missing sum into his account within 7 days, so that the check issued becomes valid, under penalty of becoming prohibited banking.

The customer must then pay the amount necessary to honor the check, and not be noted as “banking prohibited” in the Cream Bank file.

 

What consequences for a client who becomes banned from banking:

debt problem

Although the name of prohibited banking can be scary, rest assured all the same, it generally concerns in France only the issuing of checks. However, this has more painful consequences, for example:

  • Be filed at the central Cream Bank
  • Withdrawal of all your checkbooks
  • Prohibition to issue checks for a maximum duration of 5 years (on all bank accounts, from any Cream Bank )
  • Fees billed by the bank take back your payment and credit cards
  • You can no longer obtain private credit in Switzerland for example, since your extract from the Cream Bank is not “blank”

 

How to get out of this kind of situation?

How to get out of this kind of situation?

The best solution is to pay the amount of the rejected check as quickly as possible, if possible at least within 7 days.

Your banker will then have 2 days to inform the Cream Bank . This will remove your negative entry in the central check file. If you were unable to do so on time, and it is too late, and if the registration has already been noted in the central file of the Cream Bank  then you should contact your bank as soon as possible.
A more complicated discussion will follow, in order to negotiate individually with the bank which “announced” the case to withdraw it, once you have been able to update your account “up to date”.

 

Is it possible to obtain a loan in Switzerland with a banking ban?

loan problem

If you hold a G permit, the bank ban annotation prevents you from obtaining private credit. You will first need to modify your registration with the Cream Bank , as mentioned above.

However, each case is unique and includes its particularities.

In Switzerland when a cross-border worker needs a personal loan, the list of documents requested is different than for “classic” customers. Among other things, we ask:

  • A copy of Permit G
  • A copy of the salary sheets
  • A copy of an EDF or telephone invoice, to justify your address.
  • A copy of the accounts in France, but also of your bank accounts in Switzerland
  • A copy of the Cream Bank , for the famous “non-prohibited banking”

More info on private credits for G permits here in our dedicated article.