system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: How do Swiss banks work and how/why are they different from other countries’ banks?
gpt
Swiss bank works like any other bank account in the world.

But Switzerland is the grandfather of banking secrecy, which means that your information is held to the same standards as medical confidentiality. 

>Disclosing client information has been considered a serious social and criminal offense since the early 1900s.

>Many banks in Switzerland offer clients numbered bank accounts, accounts where the identity of the holder is replaced with a multi-digit number known only to the client and select private bankers.

They also do have vaults that aren't subject to regulation.

It's good for offshore banking and is a tax haven.