How to open a bank account in Incognito Bank 002 (Liechtenstein)

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

January, 2003

Last contact

April, 2024

Last update

October, 2023
  • the bank opens savings (deposit) and current accounts;
  • an account can be opened remotely;
  • the minimum balance is discussed with bankers individually in each case;
  • the term for opening an account – case by case (check with the consultant);
  • the bank does not open accounts for clients raising funds from third parties;
  • the bank does not work with US residents (individuals and companies)
GSL rating
Beginning of cooperation
January, 2003
Last contact
April, 2024
Last update
October, 2023
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General information and rating

6 084
Global rating
193
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1998
History
Established in 1998
Personnel
The bank has English-speaking staff
Bank’s shareholders
Confidentiality
AML legislation is strictly observed
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    Minimum requirements

    300 000
    Minimum balance, €
    20
    Transactions permitted per month
    244 000
    Initial deposit of funds, €
    6
    Deadline for the initial deposit, month
    Minimum balance, €
    The minimum balance is CHF 300 000 (the minimum balance is discussed with bankers individually in each case)
    Transactions permitted per month
    One transaction per day
    Initial deposit of funds, €
    The initial deposit is equal to the minimum balance (CHF 300 000) and must be made within 6 weeks. Otherwise the bank reserves the right to close the account. To obtain the account details, an amount of USD / EUR / CHF 5 000 should be transferred, which is not the initial deposit, but can be debited by the bank as a fee in the case of the client’s failure to meet the above conditions
    Deadline for the initial deposit, month
    The minimum balance must be transferred within 6 weeks of provision of the account details
    How fast payments are executed
    Payments are normally executed on the third day from receipt of a payment instruction. Express payments with same-day execution are available for an additional fee of 0,25%

    Tariffs and services

    110
    Outcoming transfer, €
    110
    Incoming transfer, €
    2 000
    Account maintenance, €/year
    2 000
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    The outgoing transfer fee is 0,125% (but min. CHF 125 and max. CHF 1 250). The express payment fee (for outgoing payments) is 0.25% (but min. CHF 250 and max. CHF 2 500)
    Incoming transfer, €
    The incoming transfer fee is 0,125% (but min. CHF 125 and max. CHF 1 250). Where an average balance of the account is over CHF 300 000, the incoming transfer fee is zero. The express payment fee (for incoming payments) is 0,25% (but min. CHF 250 and max. CHF 2 500)
    Account maintenance, €/year
    The maintenance fee is CHF 1 000 per year (payable quarterly). There is a CHF 500 fee for account opening and CHF 1 000 fee for account closure. The fee for a Pseudonym Account is CHF 100 per year (payable quarterly)
    Distant access to the account
    The bank offers facilities for account management via fax, phone and Internet. It is also possible to view the balance and transactions via Internet. The Internet Banking fee is CHF 500 per year (payable quarterly)
    Financial products
    Documentary business, guarantees (CHF 200), letters of credit, investment portfolio management and Family Office, handling of leasing operations, secured loans, financing of real estate projects, lombard loans, IPO and investment funds, trusts and custodial services
    Credit/debit cards
    There are three types of cards: debit card Maestro Travel Cash (anonymous), debit card Visa Intercard (including an anonymous one), and credits cards Visa and Master Card
    Hold mail
    The bank charges CHF 100 per year as hold mail fee (payable quarterly)

    Account opening procedure

    Days to open for incoming transfers
    case by case
    Days to open for outcoming transfers
    case by case
    References
    Necessary
    Purpose of the account
    Savings
    Visit to the bank
    Not required
    Required
    Passport, due diligence form, detailed description of education, previous activities, current business structure, and beneficial owner of the company, plus estimated figures of the proposed business related to the account. A bank reference letter is necessary
    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
    The bank is not interested in clients who raise third-party investments or deal in on-line gambling, Forex operations, or any other activity which is subject to licensing. Besides, the bank does not accept as clients US tax residents (either individuals or companies)

    Banks of Liechtenstein

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    2 500
    N/A
    N/A
    1 820
    978
    3
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