CSFB's Checking Account Options

Credit Suisse First Boston (CSFB) no longer operates as an independent bank—it was acquired by UBS in March 2023 following a period of financial instability. If you held a CSFB checking account before the acquisition, your account was transferred to UBS and is now managed under UBS's account structure and terms.

Before the acquisition, CSFB offered checking accounts primarily through its private banking and wealth management divisions, not as a retail bank serving the general public. The bank did not maintain a broad consumer checking product line the way regional or national banks do. Most CSFB checking accounts were tied to wealth management relationships or business banking services.

If you are looking for information about a CSFB checking account you currently hold, you will need to contact UBS directly, as all CSFB accounts are now UBS accounts. If you are researching CSFB as a potential bank for a new checking account, that option is no longer available—CSFB does not accept new customers.

Key Takeaways

  • CSFB was acquired by UBS in March 2023, and all CSFB checking accounts are now managed by UBS under UBS's account terms and policies.
  • CSFB did not offer a wide range of consumer checking products before the acquisition; accounts were primarily available through private banking or business services.
  • If you have an existing CSFB checking account, contact UBS to understand your current account type and any changes to fees or features.
  • You cannot open a new CSFB checking account; CSFB no longer accepts new customers as an independent entity.

What Happened to CSFB Checking Accounts After the UBS Acquisition

When UBS acquired CSFB in March 2023, all customer accounts—including checking accounts—were transferred to UBS. This means your account number, routing number, and direct deposit information may have changed, though UBS worked to minimize disruption for customers during the transition.

UBS sent account holders information about the transition, including new debit cards, updated account statements, and details about any changes to account features or fees. If you did not receive this information or are unsure about your current account status, contact UBS directly using the phone number on your most recent statement or visit a UBS branch.

How to Find Out What Type of Checking Account You Have Now

If your CSFB checking account was transferred to UBS, your account is now classified under UBS's checking product line rather than CSFB's. UBS offers several checking account types, including basic checking, premium checking, and accounts tied to wealth management services, depending on your balance and relationship with the bank.

The easiest way to learn which UBS checking account type you hold is to log into your online banking portal, call the customer service number on your debit card, or visit a UBS branch in person. Have your account number ready. A representative can tell you the specific account type, current fees, interest rates (if any), and what benefits or requirements apply to your account.

Fees and Features for Former CSFB Accounts Now at UBS

Account fees and features changed when CSFB accounts moved to UBS. Some accounts may have had fees waived or reduced during the transition period, but those temporary arrangements may have ended. You are responsible for understanding your current account's monthly maintenance fee, minimum balance requirement, overdraft fees, and any other charges.

Review your most recent account statement or log into your UBS online account to see what fees are being charged. If you see charges you do not recognize or believe are incorrect, contact UBS customer service to dispute them or discuss options for changing your account type to one with lower fees.

If You Want to Move Your Account Elsewhere

You have the right to close your UBS checking account and open one at another bank at any time. Before you close, make sure to redirect your direct deposit, update any automatic bill payments, and order a new debit card from your new bank so there is no gap in access to your money.

UBS will not charge you a fee to close your account, but confirm this with customer service before you proceed. Once you close, UBS will no longer have access to your account information, so keep records of your final statement and any pending transactions.

Frequently Asked Questions

Can I still open a CSFB checking account?

No. CSFB was acquired by UBS in 2023 and no longer accepts new customers. If you want to open a checking account, you can do so with UBS or another bank.

What is my new routing number after the CSFB to UBS transfer?

Your routing number changed when your account transferred to UBS. Check your new debit card, a recent account statement, or log into your UBS online account to find your current routing number. You can also call UBS customer service to confirm it.

Will my old CSFB checks still work?

Old CSFB checks may not work after the transition because the routing number changed. Order new checks from UBS with your updated account information. You can order them online, by phone, or at a UBS branch.

Do I have to keep my account at UBS?

No. You can close your UBS account and move to another bank whenever you want. Make sure to set up direct deposit and bill payments at your new bank first so you do not miss any payments or deposits.

Where do I call if I have questions about my account?

Call the customer service number on the back of your UBS debit card or visit a UBS branch. Have your account number ready. You can also log into your UBS online account to find contact information and view your account details.