Bank Julius Baer & Co Ltd

Beginning of cooperation Last contact Last update
October, 2007 October, 2017 October, 2014

GSL reference about the bank

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    Bank's characteristics

    General information and rating

    Global rating Countrywide rating Countrywide rating of the head bank Global rating of the head bank Credit rating
    318 6 A+
    Year of foundation 1890
    History The bank was founded in Zurich in 1890. In 1901 it became a member of the Zurich Stock Exchange and was the first Swiss private bank to be quoted on the exchange in 1980. In 2000 Julius Baer Group shares were included in the Swiss Market Index (SMI). In 2006 the bank took over Ferrier Lullin & Cie SA, Ehinger & Armand von Ernst AG and Banca Julius Baer (Lugano) SA (founded in 1947). In 2010 it took over ING Bank (Suisse) SA. The year 2010 saw the opening of a representative office in Shanghai and the year 2012 witnessed the start of cooperation with the Bank of China. Today Julius Baer Bank has over 3 200 staff, working in more than 40 locations in 20 countries worldwide
    Personnel The staff speak English, German, French and also Russian
    Bank’s shareholders Julius Baer Group Ltd (Zürich Switzerland) - 100%
    Confidentiality Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.

    Minimum requirements

    Minimum balance, € Transactions permitted per month Initial deposit of funds, € Deadline for the initial deposit, month Minimum turnover, €/year
    1 000 000 N/A 1 000 000 N/A
    Minimum balance, € The minimum average monthly balance is USD 1 000 000
    Initial deposit of funds, € The initial deposit is USD 1 000 000
    How fast payments are executed The value date is the next day

    Tariffs and services

    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    50 0 2 000 7 000 N/A
    Outcoming transfer, € The fees for outgoing transfers are agreed with the bank individually
    Incoming transfer, € The fees for incoming transfers are agreed with the bank individually
    Account maintenance, €/year The account maintenance fee is 0.25% (from CHF 2.5 mln); 0.15% (from CHF 5 mln); 0.1% (from CHF 7.5 mln); 0.075% (from CHF 10 mln); 0.05% (from CHF 25 mln). The minimum fee is CHF 2 500
    Payment limit for credit cards, €/day The payment limit for Classic Intercard is CHF 10 000 or EUR 7 000 or USD 8 000. For Premier Intercard - CHF 90 000 or EUR 63 000 or USD 72 000
    Distant access to the account The account can be operated via Internet Banking, phone, fax or email
    Financial products Portfolio management. Complex long-term investment solutions. A wide range of portfolio funds. Investment advice. Finance, property and estate planning. Loans. Safe-deposit box rent. Depository services etc
    Credit/debit cards Visa Classic Intercard Premier and MasterCard Classic Intercard Premier (with annual fee of CHF 200 or EUR 140 or USD 160); Visa Classic Intercard Classic; MasterCard Classic Intercard Classic (with annual fee of CHF 100 or EUR 70 or USD 80)
    Hold mail Hold of bank statements is included in the account maintenance fee. A specialized postal service – CHF 500 per year

    Account opening procedure

    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    14 14 Not necessary Detailed Savings
    Visit to the bank No visit to the bank is required as the meeting with the banker can be arranged in Moscow (the bank’s representative visits Moscow once every three months)
    Required Completed bank forms; copy of the client’s passport; client’s CV; standard set of corporate documents. Business reference letters are not obligatory, but recommendable
    Types of accounts Personal; Corporate; Savings
    Opening procedure and Due Diligence It is possible to open an account without visiting the country where the bank is located
    Chances to open an account Predictable
    Business description Relatively detailed: in addition to the description of the business, the origin of funds needs to be disclosed
     
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