GSL / Offshore and International Law / Offshore Banking / Edmond de Rothschild (Suisse) SA

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

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January, 2009 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;
- "minimum entry" is 2,000,000 USD and the strict absence of any commercial transactions;
- the term for opening an account - case by case (check with the consultant).
The Rothschilds. A legendary family name. A family name which is immediately associated with gold, billions and world domination. This is why this bank holds a special place on our list.
‘This bank’ means Banque Privee Edmond de Rothschild SA, located in Geneva and owned by Edmond Rothschild who represents the French branch of the Rothschild clan. They should not be confused with the English branch whose heirs own another bank - N M Rothschild & Sons Limited, located in Zurich.
President of France Nicolas Sarkozy is known for his connection with the French Rothschilds, and you would agree one should keep such facts in mind at the time of a financial crisis. 
It is interesting that one of the first Russian ‘political emigrants’ Alexander Herzen sought James Rothschild’s assistance in obtaining payment under Russian state securities which had been blocked due to Herzen’s political activity. The banking house commission was 5%.
Surprisingly, 150 years have passed, but the fees for ‘financial intermediation’ services remain pretty much the same:)
Please pardon this lyrical departure, it has not a shade of sarcasm and is based on sources which I can give a reference to, if needed. And we definitely did not intend to ‘show the way’ for wretched perpetrators to hide their risk capitals. This bank is oriented towards a fundamentally different clientele: the minimum threshold is 2 000 000 USD and absolutely no transactions. The bank is tailored for purely private, very long-term, strong and reliable relationships.
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
    818 50 A
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    Year of foundation 1953
    History The Edmond de Rothschild Group is an independent, family-owned group specialising 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 CHF163 billion (€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
    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.

    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
    2 000 000 0 200 000 12
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    Minimum balance, € Minimum balance: 2 000 000 USD
    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

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    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    50 50 400 N/A N/A
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    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 - 400 EUR, max - 4 000 EUR). Account management fee: up to 500 000 CHF - 0,80% (min 500 CHF); from 500 000 to 1 000 000 CHF - 0,60% (min 500 CHF); from 1 000 000 to 2 500 000 - 40% (min 500 CHF); more than 2 500 000 - 0,20% (min 500 CHF). Rate for investment (savings) accounts - 2,357%; for numbered and pseudonym accounts - 2,375% (min- 100 CHF)
    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

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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; It is possible to open an account without meeting the banker
    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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