Managing Your Student Finances in Switzerland
Plan your budget effectively with this guide to tuition fees, living costs, scholarships, and financial requirements for studying in Switzerland.
Switzerland Student Money Guide
Tuition per semester
Money topics
Open each guide for the details. Proof of money is what the canton (Swiss state) asks you to show. Living costs are what students spend.
Monthly budget in Switzerland
An example of monthly costs for a foreign student in Lausanne (the EPFL plan).
Essential Monthly Expenses
Rent.
About CHF 20 a day.
Monthly pass.
Bills: only the radio and TV fee, a month.
Personal items, phone, outings.
Banking in Switzerland
For rent, bills and university fees, open a Swiss bank account after you arrive. The account for your visa money proof is a different step and comes before you apply.
- Free SmartStudents package for students aged 18 to 30.
- Account in Swiss francs (CHF) or euros.
- Free cash withdrawals in Switzerland at Postomats (Swiss Post cash machines) and Swiss Post counters.
Papers to open an account
- Passport.
- Residence permit, or the paper you get when you sign up at your town office (Vaud).
- Student card or enrolment confirmation.
Money Transfer Options
Bank Wire Transfers
Traditional bank-to-bank transfers using SWIFT/BIC codes.
Money Transfer Services
Services like Wise, Remitly, Western Union, and MoneyGram.
Common Payment Methods
Cash
Keep some cash on hand for small purchases and emergency situations. ATMs are widely available.
Smart Financial Tips
Expert advice to help you manage your finances effectively while studying in switzerland
Budget
Plan tuition and living costs together.
Living costs are much higher than tuition.
Keep money aside for the first fees after you arrive.
Save
Look for a room in a shared flat.
Eat at university restaurants.
Under 25: get the youth Half Fare Travelcard (public transport at half price).
Banking
Open a Swiss account after you sign up at your town office.
A Swiss account makes paying rent and bills easier.
Work
You may work only after 6 months of study, up to 15 hours a week while classes run.
Do not count on a job to pay your costs.
Pro Tips for switzerland
Currency Management
- • Monitor exchange rates and transfer money when rates are favorable
- • Use multi-currency cards to avoid conversion fees
- • Keep some local cash (CHF) for emergencies
Local Financial Culture
- • Learn about local tipping customs and practices
- • Understand tax obligations for international students
- • Explore local student financial support programs
Remember: Financial planning is key to a successful study abroad experience. Start planning early and don't hesitate to seek advice from financial advisors or your university's international student services.
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