GSL / Offshore and International Law / Offshore Banking / Banque Heritage SA

How to open a bank account in Banque Heritage SA

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December, 2008 December, 2021 April, 2021

GSL reference about the bank

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Primary requirements:
- the bank opens savings (investment) accounts;
- an account can be opened without leaving Switzerland, a bank representative regularly visits Moscow;
- requirements for the minimum account balance - 1,000,000 EUR;
- the term for opening an account - case by case (check with the consultant).
Back in 1992, we met a Swiss bank officer who at that time worked at a bank which almost for a decade had represented and had been associated with Swiss banking system in the CIS. The bank’s name almost had become a byword so widespread was its presence in the post-Soviet territory.
In 2008, our acquaintance joined the team of a dynamic private bank which for 30 years was under the management of one and the same group of partners. With his arrival the bank acquired knowledge of the Russian market and gained a vast practical experience.
Charges for transfers are relatively low (20-37 CHF), but the bank is oriented towards traditional investments and offers a substantial variety in this area

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    Bank's characteristics

    General information and rating

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    Global rating Countrywide rating Countrywide rating of the head bank Global rating of the head bank Credit rating
    4 038 155 A-
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    Year of foundation 1993
    History The idea for the Banque Heritage originated from the students of the University of Lausanne Carlos Esteve: Antonio Bravo and Louis-Frederic de Pfyffer in 1970. However, it became possible to realize this idea only after some time. Carlos Esteve's many years of experience in audit, consulting and private finance management allowed him to found a small family-owned company with the aim of managing his family's assets. Strengthening the reputation of his firm allowed him to expand the family business. Once again teaming up with his former fellow students, Carlos Esteve founded Banque Heritage and became its leader. Founded in 1993. In January 2004, Heritage Finance and Trust Company changed its name to Heritage Bank and Trust SA. In September 2006, Heritage Bank & Trust SA changed its name to the current
    Personnel No Russian-speaking officers
    Bank’s shareholders Private Ownership, 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

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    Minimum balance, € Transactions permitted per month Initial deposit of funds, € Deadline for the initial deposit, month Minimum turnover, €/year
    500 000 No restrictions 50 000 12
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    Minimum balance, € A prospective assessment is sufficiently flexible to be applied to the customers but the minimum balance is oriented to 500 000 - 1 000 000 EUR achieved within a year to five
    Initial deposit of funds, € Initial deposit: 10-50% of the minimum balance as a rule
    Deadline for the initial deposit, month It is expected to achieve the fixed minimum balance within a year to five
    How fast payments are executed Value date – the second day as a rule

    Tariffs and services

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    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    80 0 800 N/A N/A
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    Outcoming transfer, € International payments - 100 CHF. Domestic payments - 25 CHF. Intrabank payments - free of charge. Cash withdrawals in CHF - free of charge, in other currencies - 1%
    Incoming transfer, € Incoming payments - free of charge
    Account maintenance, €/year Account maintenance - 0,50%. Bank consulting - 1,00%. Discretionary services - 1,5%. Minimum value: discretionary and consulting services - 1 000 CHF. Account closing - 250 CHF
    Distant access to the account E-banking - 500 CHF per annum
    Financial products The bank offers a full range of financial products and services
    Credit/debit cards Cards in various payment systems are available

    Account opening procedure

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    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    case by case case by case Not necessary Detailed Savings
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    Visit to the bank A meeting with a banker is necessary, either in Moscow or in Switzerland
    Required Completed bank forms; copy of client’s passport; client’s CV; standard set of corporate documents
    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
    Need a consultation from a specialist?

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