Banca dello Stato del Cantone Ticino products, services and reviews

About Banca dello Stato del Cantone Ticino

Banca dello Stato del Cantone Ticino (commonly “BancaStato”) is the cantonal bank of Ticino, headquartered in Bellinzona and fully owned by the Canton of Ticino. Established in 1915, it operates under a Swiss banking license supervised by FINMA and is subject to Swiss National Bank oversight. The bank focuses on retail and SME banking in the canton, offering current and savings accounts, payment services, debit and credit cards (via partner issuers), mortgages (fixed-rate, SARON‑based, and other structures), consumer and SME lending, and basic trade and cash management services. Investment advisory, discretionary mandates, and custody services are available, with private banking activities consolidated in the group through Axion SWISS Bank SA. Digital channels include e-banking and a mobile app with bill payments (e.g., QR-bill, eBill) and support for TWINT; compatibility with third‑party wallets depends on card issuers and product variants. The branch and ATM network covers the main municipalities across Ticino, with service primarily in Italian and additional support in other Swiss languages and English depending on the location. Deposits are covered by the Swiss depositor protection scheme (esisuisse) up to CHF 100,000 per client and, in addition, by an explicit state guarantee of the Canton of Ticino on the bank’s liabilities as defined by cantonal law. The bank publishes audited annual reports (typically under Swiss GAAP FER), disclosing capital and liquidity metrics against Swiss requirements. Revenue is largely driven by interest income from mortgages and loans, implying exposure to local real estate and interest‑rate risk; earnings are also sensitive to credit quality, funding costs, and regulatory changes. Account packages, card fees, mortgage conditions, and cross‑border service availability are set by tariff and can vary by client profile; prospective clients should review the current price lists and product terms and confirm eligibility before onboarding.