GSL / Offshore and International Law / Offshore Banking / CA Indosuez (Switzerland) SA (former Credit Agricole (Suisse) SA)

How to open a bank account in CA Indosuez (Switzerland) SA (former Credit Agricole (Suisse) SA)

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May, 1997 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 at a representative office in Moscow during a banker's visit;
- Requirements for the minimum account balance - 3,000,000 CHF;
- the term for opening an account - case by case (check with the consultant).
The bank holds itself out as one of the leading foreign banks in Switzerland. The company’s capital is the largest in France and second largest in the world. In Europe, the bank is represented by bank Calyon which has branches and subsidiary banks in 60 countries.

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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
    595 16 2 26 A
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    Year of foundation 2005
    History On March 19, 2005 Credit Lyonnais (Suisse) SA (Est. 1876) and Credit Agricole Indosuez (Suisse) SA (created in 1999 as a result of the merger between the Swiss branches of Credit Agricole Indosuez and Banque du Credit Agricole (Suisse) SA), merged to form the above. Overall Credit Agricole (Suisse) SA has been present on the Russian market for more than 15 years. Being a subsidiary of CIBC Canadian bank it provided services to the customers from Eastern Europe. And later this subsidiary was bought by Credit Lyonnais.
    Personnel Suisse branch of Credit Agricole (Suisse) SA employs about 1500 people. Russian desk of Zürich branch employs 6 Russian speaking officers.
    Bank’s shareholders Crédit Agricole Corporate and Investment Bank (Paris La Défense France) - 100%
    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
    3 000 000 1 1 000 000 3
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    Minimum balance, € Minimum balance for account opening: 3 000 000 CHF/USD/EUR. Depending on the circumstances and potential Bank could start with 1 000 000 CHF/USD/EUR
    Transactions permitted per month As private banking is the core business of Credit Agricole (Suisse) SA, trading transaction is not a matter of priority and such transactions are effected on special terms and conditions which depend on account balance, customer potential, average amount of transactions, accompanying documents and etc.
    Initial deposit of funds, € Initial deposit is equal to the minimum balance
    Deadline for the initial deposit, month It is advisable to deposit funds in account within 3 months
    How fast payments are executed Payments in Swiss francs are made within the same day (if instructions are given until 12:00 local time), payments in EUR are effected until 15:00, and payments in USD are made until 17:00. Payments by private banking are executed within the same day

    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 0 200 10 000 30 000
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    Outcoming transfer, € Payments in CHF are free of charge, payments in USD - 25 USD for both payer and payee
    Incoming transfer, € Incoming payments are free of charge.
    Account maintenance, €/year Стоимость обслуживание счета составляет от 200 до 400 CHF в год
    Payment limit for credit cards, €/day Minimum limit is not specified, but the sum of 10 000 CHF is advisable. Increase in credit limit is considered individually by Credit Agricole (Suisse) SA.
    Funds to be blocked for CC issue, € Amount being in three times over the credit limit is blocked on account.
    Distant access to the account The account is operated via internet system (eS2i). Normally, payment instructions are sent by fax with further confirmation by voice
    Financial products Discretionary portfolio management, consulting, structured products, foreign-currency operations, precious metals, estate planning, financial engineering and specialized financing, credits, guarantees, cheque books
    Credit/debit cards Cirrus Maestro, Visa Cashcard. Also available is a unique bank plastic product – anonymous card Cirrus Travel Cash
    Hold mail Charge for statement storage is usually 75 CHF quarterly.

    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 Preliminary interview with Credit Agricole (Suisse) SA officer is required. It’s possible to arrange for interview both during the banker’s visit (bank representative is on a visit to the country quarterly) or when you visit the bank.
    Required Domestic and foreign passports. Standard apostilled set of corporate documents. Full information about client’s business is necessary to fill in the bank forms.
    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
    Chances to open an account Predictable
    Business description In order to open an account, you must provide a standard set of answers to some common questions regarding beneficial owner, origin of funds, business activity and contact details.
    Need a consultation from a specialist?

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