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GSL reference about the bank

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We all work with people rather than organizations, don’t we? The banking sector is no exception. This is why it was a human factor that defined our choice of yet another Swiss bank. This one is more than 150 years old, investment- and savings-oriented, it has standards terms, slightly higher bank fees, clear requirements and well-known products – a bank of which Switzerland has dozens.
After the first wave of the world’s 2008 economic crisis, the Alpine Republic developed a tendency for the experienced well-educated staff, usually Swiss citizens of ‘non-Russian origin’, to leave their long-occupied working places at first-rate banks which have been affected by the crisis greater than the others and therefore have cut down social benefits, salaries, and bonuses.
This is how we got acquainted with BSI Bank and met again a banker who speaks excellent Russian and understands Russian mentality, whom we had long known since she worked at the Moscow representative office of a major foreign bank and from whom we could expect an individual approach and some departure (for the better) from the classic Swiss banking standards.
In July 2014, the bank changed hands: Italian insurance company Generalli sold its shares in BSI to BTG Pactual, a Brazilian financial group 

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    Bank's characteristics

    General information and rating

    Global rating Countrywide rating Countrywide rating of the head bank Global rating of the head bank Credit rating
    483 11 A-
    Year of foundation 1873
    History Established in 1873 as Banca della Svizzera Italiana. The name changed to BSI-Banca della Svizzera Italiana in 1988 and to the existing one – in December 1998. The bank took over Banca Unione di Credito (founded in 1919) in January 2007 and Banca del Gottardo (founded in 1957) in July 2008
    Personnel The bank has over 2000 staff. There are also Russian-speaking officers
    Bank’s shareholders Brazilian financial group BTG Pactual. The bank currently has CHF 90 billion worth of clients’ assets under management
    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

    Minimum balance, € Transactions permitted per month Initial deposit of funds, € Deadline for the initial deposit, month Minimum turnover, €/year
    2 000 000 0 2 000 000 0
    Minimum balance, € 2 000 000 EUR
    How fast payments are executed Payments are executed same day or next day

    Tariffs and services

    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    30 0 400 0 0
    Account maintenance, €/year The account maintenance fee is at least CHF 500
    Distant access to the account Fax, e-mail, phone
    Financial products Funds, options, trading, fiduciary deposits
    Credit/debit cards VISA
    Hold mail Posting fee – CHF 50 (per month)

    Account opening procedure

    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    60 60 Not necessary Detailed Savings
    Visit to the bank No visit to the bank is required. But a personal meeting would be mandatory, as a fierst step to open an account
    Required Standard set of 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