How to open a bank account in Edmond de Rothschild (Suisse) SA

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

January, 2009

Last contact

November, 2024

Last update

June, 2024

the bank opens savings (investment) accounts;
an account can be opened without entering Switzerland;
“minimum entry” is USD 2 000 000 and the strict absence of any commercial transactions;
to open an account, a personal meeting with a potential client is mandatory;
the term for opening an account – case by case (check with the consultant)

GSL rating

Beginning of cooperation

January, 2009

Last contact

November, 2024

Last update

June, 2024

Поиск консультанта...

+44 0 207 822 85 93

General information and rating

818

Global rating

Countrywide rating

—

Countrywide rating of the head bank

—

Global rating of the head bank

Year of foundation

1953

History

The Edmond de Rothschild Group is an independent, family-owned group specializing in asset management and private banking. Founded in 1953, the Group has been chaired by Baron Benjamin de Rothschild since 1997. As at 30 June 2013, it had CHF 163 billion (EUR 135.7 billion) in assets under management – with 2 900 employees and 30 offices worldwide. In addition to asset management and private banking, the Group is active in corporate finance, private equity, and institutional & fund services

Personnel

There are English-speaking staff

Bank’s shareholders

Edmond de Rothschild Holding SA (Geneva Switzerland) - 77%; Rothschild Holding AG (Zürich Switzerland) - 8,4%; Individual shareholders -, 11,60%

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.

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Minimum requirements

2 000 000

Minimum balance, €

Transactions permitted per month

200 000

Initial deposit of funds, €

Deadline for the initial deposit, month

Minimum balance, €

Minimum balance: USD 2 000 000

Transactions permitted per month

Absolutely no transactions. The bank is tailored for purely private, very long-term, strong and reliable relationships

Initial deposit of funds, €

Initial deposit: 10-50% of the minimum balance as a rule

Deadline for the initial deposit, month

Minimum balance should be achieved within a year to five

How fast payments are executed

Value date – two days

Tariffs and services

Outcoming transfer, €

Incoming transfer, €

400

Account maintenance, €/year

N/A

Payment limit for credit cards, €/day

Outcoming transfer, €

Fee for outgoing payments depends on transactions and varies from 0,1 to 0,375%

Incoming transfer, €

Fee for incoming payments depends on transactions too and varies from 0,1 to 0,375%

Account maintenance, €/year

Account opening – free of charge. Account maintenance - 0,2% (min - EUR 400, max - EUR 4 000). Account management fee: up to CHF 500 000 - 0,80% (min CHF 500); from CHF 500 000 to CHF 1 000 000 - 0,60% (min CHF 500); from CHF 1 000 000 to CHF 2 500 000 - 40% (min CHF 500); more than CHF 2 500 000 - 0,20% (min CHF 500). Rate for investment (savings) accounts - 2,357%; for numbered and pseudonym accounts - 2,375% (min - CHF 100)

Distant access to the account

The account can be operated by modern (Internet) or traditional (telephone) tools

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

Days to open for incoming transfers

case by case

Days to open for outcoming transfers

case by case

References

Not necessary

Purpose of the account

Savings

Visit to the bank

To open an account, a personal meeting with a potential client is mandatory

Required

Completed bank forms; copy of client’s passport; client’s CV; standard set of corporate documents

Types of accounts

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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