How to open a bank account in CIM Banque SA

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

January, 2005

Last contact

November, 2024

Last update

June, 2024
  • in addition to the package of corporate documents, when opening an account from August 1, 2019, the Bank requires;
  • confirmation of location in the country of registration of the company (lease agreement, lease of a separate office);
  • confirmation of the implementation of effective management in the country of registration (employment contracts with employees);
  • confirmation of reporting preparation;
  • if the company does not provide documents confirming its real presence in the country of registration, it will be recognized as passive, and at the end of the year information on it will be transferred to the tax authorities within the framework of the “automatic exchange”;
  • an account can be opened remotely (video conference);
  • Requirements for the minimum account balance – CHF 10 000;
  • the term for opening an account – case by case (check with the consultant)
GSL rating
rating
Beginning of cooperation
January, 2005
Last contact
November, 2024
Last update
June, 2024
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General information and rating
General information and rating

4 637
Global rating
112
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1990
History
It was founded in 1990 as Unibank (Suisse) SA and changed its name to CIM Banque in September 1993
Personnel
The bank has English-speaking staff
Bank’s shareholders
The bank is owned by 2 companies: Cofisi SA – 87,17%, Aurocofisi SA – 12,83%
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.
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    Minimum requirements
    Minimum requirements

    10 000
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    10 000
    Initial deposit of funds, €
    1
    Deadline for the initial deposit, month
    Minimum balance, €
    The usual practice of the bank is to wish for an account balance of at least CHF 10 000
    Transactions permitted per month
    The bank has no restrictions on the number of transactions
    Initial deposit of funds, €
    To activate the account, you need to transfer an amount of CHF 10 000 or the equivalent amount in USD or EUR
    Deadline for the initial deposit, month
    The initial deposit needs to be made within 1 month
    Minimum turnover, €/year
    The bank does not have the minimum turnover
    How fast payments are executed
    Payment execution speed: the usual option is the value date - the third day. Express transfer: value date - the same day (in this case, double tariff will be charged)

    Tariffs and services
    Tariffs and services

    100
    Outcoming transfer, €
    123
    Incoming transfer, €
    380
    Account maintenance, €/year
    5 000
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    The cost of outgoing payments in EUR (payment outside the EU and Switzerland, internet banking) will depend on the amount: EUR 0 to EUR 1 999 - EUR 10; EUR 2 000 to EUR 4 999 - EUR 15; EUR 5 000 to EUR 19 999 - EUR 25; EUR 20 000 to EUR 49 999 - EUR 50; EUR 50 000 to EUR 99 999 - EUR 100; EUR 100 000 to EUR 199 999 - EUR 150; EUR 200 000 to EUR 499 999 - EUR 250; EUR 250 000 to EUR 999 999 - EUR 350; EUR 1 000 000 to EUR 1 499 999 - EUR 450; from EUR 1 500 000 - 0,030%
    Incoming transfer, €
    The cost of outgoing payments (payment outside the EU and Switzerland, internet banking) will depend on the amount: CHF 0 to CHF 1 999 - CHF 15; CHF 2 000 to CHF 4 999 - CHF 30; CHF 5 000 to CHF 19 999 - CHF 50; CHF 20 000 to CHF 49 999 - CHF 100; CHF 50 000 to CHF 99 999 - CHF 150; CHF 100 000 to CHF 199 999 - CHF 250; CHF 200 000 to CHF 499 999 - CHF 350; CHF 500 000 to CHF 999 999 - CHF 450; CHF 1 000 000 to CHF 1 499 999 - CHF 550; CHF 1 500 000 - 0,035%
    Account maintenance, €/year
    Account opening fee (less than CHF 20 000) - CHF 150. The cost of maintaining an account is CHF 120 per quarter (for legal entities and CHF 90 per quarter (for individuals). The fee for closing an account is CHF 300. If the initial payment exceeds CHF 20 000, the fee for opening an account is not charged
    Payment limit for credit cards, €/day
    The minimum payment limit is CHF 5 000
    Funds to be blocked for CC issue, €
    Insurance coverage is 100% of the payment limit. Thus, for a minimum limit of CHF 5 000, the insurance coverage will be CHF 10 000
    Distant access to the account
    The Bank offers internet banking (Digipass - CHF 100; the internet banking fee is included in the account maintenance fee). You are given the opportunity to carry out banking transactions. You will also be able to view your account, make transfers, engage in online trading on the Forex and futures markets and other investment instruments, and give orders for securities transactions
    Financial products
    Financial and investment advice. Trust management. Lombard loan. The Bank has a separate department "International Trade Services", which offers bank guarantees and full collateral accreditation
    Credit/debit cards
    Visa, Mastercard, American Express. Issue of credit cards MasterCard, Visa Gold CHF - CHF 200 + annual commissions CHF 400; 1% guarantee per year (minimum CHF 120). Swiss Bankers, Visa, MasterCard prepaid cards - free issue and annual service; activation - CHF 45; usage cost - from 1 EUR per transaction. In addition to credit cards, the bank issues debit cards, which means "I spend as much as there is on the card account." In addition, Swiss Bankers Travel Cash cards are available
    Hold mail
    Postage costs - CHF 100 annually + CHF 25 monthly. In the case of using Internet banking, it is possible to exclude mail storage from the costs
    File with tariff
    Fees CIM (May, 2016, 42.63 KB)

    Account opening procedure
    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 & current
    Visit to the bank
    No visit to the bank is required, but it is necessary to meet the bank’s representative within 6 months of account opening
    Required
    Original or apostilled copies of corporate documents, company’s balance-sheet, apostilled copies of passports of shareholders, directors and signatories to the account
    Types of accounts
    Savings; Current
    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
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