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Deposits

Information concerning the accounts:

Accounts are opened automatically upon receipt of funds,

The CHF (deposit or current) and USD account number is the same as the membership number. Bank account information to follow to credit an account are mentioned on the website under ┬ź How to deposit funds ┬╗,

A biannual statement of each account is available in the secured access as from 16 January and 16 July. It lists all transactions effected during the semester,

A biannual statement is sent, free of charge, by postal mail only to retired members who do not have a secured access,

Active members who do not benefit from a secured access can request a biannual statement upon payment of a fee,

An annual tax attestation is available for each type of account and can be downloaded in the secured access from 16 January. It lists the interest credited during the year and the year-end balance,

Members who do not benefit from a secured access can request tax attestations upon payment of a fee,

Members who have a secured access must login at least once a year to verify their account(s). If members do not proceed accordingly, a reminder is sent by email. Without action on their part, the access is disabled. Any request to reactivate a secured access is charged,

Members have the possibility to give an individual power of attorney to one or more persons of their choice. To be accepted, the original form must be duly completed and sent to the Mutual Association with a readable copy of the identity cards or passports,

Members with deposit accounts must complete a designation of beneficiaries form in case of death. To be accepted, the original form must be duly completed and sent to the Mutual Association,

The accounts of members for whom the Mutual Association has no news are closed and included in the accounts of the Mutual Association after 10 years for amounts up to CHF 1,000, and after 15 years for amounts exceeding CHF 1,000,

Members have the possibility to recover the assets of the closed accounts within the 10 or 15 years, but can in no way claim the interest on the CHF deposit account during the closure period,

The Mutual Association is entitled to request the proof of the source of the funds and proof of compliance with tax laws for any amount received. If the source of the funds and compliance with tax laws cannot be clearly established, the Mutual Association may request additional information or refuse the funds,

The Mutual Association does not perform currency exchange. Transfers from the USD account to the CHF deposit and current accounts, as well as transfers from the CHF deposit and current accounts to the USD account are not possible,

The Mutual Association also provides rental guarantees. The amount of the guarantee is blocked in the CHF deposit or current account or USD account until such time that the lessor or realtor justifies its release.