Mietzinsdepot
Blocked Rent Account
Simple Definition
The technical banking term for the specific account where your Mietkaution determines. It is blocked for the duration of the lease.
Why this matters to Expats.
Expats often try to "transfer" their deposit from their old apartment to the new one. This is rarely possible. usually, you have to front the cash for the new one before the old one is returned. This "Double Deposit" period can be a massive cashflow crunch.
Actionable Intelligence
Bridge Loans: Some banks offer specific bridge loans for this switching period.
Form: You need both signatures (Tenant + Landlord) to open and close it.
Fees: Opening fees are usually low (CHF 20-50) or often waived by the tenant's bank.
Frequently Asked Questions
Can I withdraw partial amounts?
No. It is all or nothing unless the landlord authorizes a partial deduction for damages.
Does it earn interest?
Yes, but currently negligible. It is technically a savings account.
Who chooses the bank?
Usually the landlord or agency dictates the bank, but the account is in YOUR name.
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