TELLCO BANK
Rental deposit account
Discover the simple and secure solution for your rental deposit.
Secure and legally compliant
The rental deposit account is the secure and legally compliant solution for tenants and landlords. It makes it easy to open an escrow account in which the deposit is held securely until the end of the tenancy – in accordance with Article 257e of the Swiss Code of Obligations (CO).
The benefits for you

Legally compliant processing
The rental deposit is held safely and securely in a separate blocked account in the tenant’s name.

Maximum security
The deposit remains blocked for the entire rental period to protect the tenant and landlord from unauthorised access.

Complete transparency
All important transactions – from the initial deposit to the credit note – are communicated clearly and comprehensibly. Tenants and landlords are always well-informed.
Prices and conditions
Currency
CHF
Opening an account
Free of charge
Account management
Free of charge
Availability
No withdrawal restrictions: The entire balance is available at any time if the landlord releases it.
Account statements / closing
Free of charge annually on 31 December, exclusively digitally by e-mail
Withholding tax
35% of gross interest income if interest is higher than CHF 200
Account closing
Free of charge
Interest rate
0.25% p.a.
Opening a rental deposit account
You can easily open a rental deposit savings account using this form: Opening a rental deposit savings account (PDF)
Send the completed form to:
Tellco Bank Ltd.
Seestrasse 61
8002 Zurich
As soon as the tenancy has ended and the tenant has fulfilled all obligations, the landlord must immediately arrange for the deposit to be released in writing and inform the tenant of this change (in accordance with Art. 257e CO). To close the rental deposit account, a joint written order from the tenant and landlord is required with the Balancing form (PDF).
Send the completed form to:
Tellco Bank Ltd.
Seestrasse 61
8002 Zurich
Contact or callback
Do you have any questions, or would you like to schedule a no-obligation consultation? Our specialists will be happy to help you.
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