How to open a bank account in Bank Private AG

GSL reference about the bank What is it?

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Relationship was terminated

We got acquainted with the bank in May 2000, soon after a separate legal entity for handling private transactions had been singled out of the Bank of Austria, the largest banking group of Austria.

There were construction works still in progress within a new building of the bank, and we might well be the first introducers of that newly made financial institution and, by far, the first Russian lawyers to enter into relationships with that bank.

It was may be due to the fact that we were the first, that we were closely scrutinized (in the good sense of the word) during the interview with the bank management (by the way, out of five interviewers  two were the members of the Board of the Bank of Austria and Creditanstalt). In two weeks we were cleared as professional intermediaries of the bank to work for individual clients and on condition of the client’s personal visit to the bank. Accounts for offshore companies were out of the question though (and it quite corresponds to our notes regarding the policies of Creditanstalt).

During the following years the bank’s owners changed more than once and today it is part of UniCreditGroup, which is quite active in the Russian market. In October 2009 the bank was taken over by Bank Privat AG Bank Austria

Relationship was terminated

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General information and rating
General information and rating

103
Global rating
2
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
2000
History
Established in 2000 by the largest bankng group of Austria with the view to provide "individual" services at the rates lower than those of the banking group itself. In October 2009 was taken over by Bank Privat AG Bank Austria
Personnel
Personnel speak English, German, Italian
Bank’s shareholders
UniCredit SpA (Milan Italy) -99,996%
Confidentiality
Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.
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    Minimum requirements
    Minimum requirements

    N/A
    Minimum balance, €
    N/A
    Transactions permitted per month
    N/A
    Initial deposit of funds, €
    N/A
    Deadline for the initial deposit, month

    Tariffs and services
    Tariffs and services

    N/A
    Outcoming transfer, €
    N/A
    Incoming transfer, €
    N/A
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day

    Account opening procedure
    Account opening procedure

    Days to open for incoming transfers
    N/A
    Days to open for outcoming transfers
    N/A
    References
    Not necessary
    Purpose of the account
    Savings
    Types of accounts
    Savings
    Chances to open an account
    Predictable

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    The cost of opening an account, $
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    Countrywide rating
    GSL rating
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