How to open a bank account in EFG (Zurich) SA

GSL reference about the bank What is it?

Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.

GSL rating

Beginning of cooperation

November, 2008

Last contact

April, 2024

Last update

October, 2023
  • savings (investment) accounts;
  • requirements for the minimum account balance – USD 2 000 000;
  • a personal meeting with a bank representative is mandatory

 

GSL rating
Beginning of cooperation
November, 2008
Last contact
April, 2024
Last update
October, 2023
Your Consultant
Поиск консультанта...

Поиск консультанта...

General information and rating

752
Global rating
17
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
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. In July 2014, the bank changed hands: Italian insurance company Generalli sold its shares in BSI to BTG Pactual, a Brazilian financial group
Personnel
The bank has over 2 300 staff, including English-speaking officers
Bank’s shareholders
The bank’s major shareholder is EFG Bank European Financial Group (EFG Group) - 56%. The shares in EFG International are listed on the SIX Swiss Exchange
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.
Compare banks

    Minimum requirements

    2 000 000
    Minimum balance, €
    10
    Transactions permitted per month
    2 000 000
    Initial deposit of funds, €
    2
    Deadline for the initial deposit, month
    Minimum balance, €
    Minimum balance requirement - USD 2 000 000
    Transactions permitted per month
    There is a right to transactions, however, for each of them, supporting documents are required, and it is desirable to open a personal account
    Initial deposit of funds, €
    The down payment must be equal to the minimum account balance
    Deadline for the initial deposit, month
    The down payment must be paid within the first few months
    How fast payments are executed
    Payments are executed same day or next day

    Tariffs and services

    30
    Outcoming transfer, €
    0
    Incoming transfer, €
    150
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    Transfer fee is about EUR 30
    Incoming transfer, €
    The Bank does not charge commission for crediting
    Account maintenance, €/year
    Account maintenance fee is CHF 15 per month
    Distant access to the account
    eBanking
    Financial products
    The bank does NOT work with main banking products, offering traditional financial instruments in this area: money market, stocks, bonds and their combinations
    Credit/debit cards
    American Express, MasterCard

    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
    A personal meeting with a bank representative is mandatory
    Required
    Copy of passport, business card, 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; 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

    Banks of Switzerland

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    Need a consultation from a specialist?
    Share on social media:

    Add a comment

    By clicking the «Send» button, you agree to the processing of personal data in accordance with the terms of our privacy policy

    RU EN