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Relationship was terminated
The bank holds itself out as an Exclusive Swiss Private Bank, an unusual statement even for Switzerland, which is a byword for everything elite and exclusive.
This first shows in the ‘client acceptance threshold’ or the level of minimum balance which opens the door to this bank.
Second, it means even stricter Due Diligence with more stringent requirements for corporate documents and reference letters which are obligatory, again something you do not see everywhere in Switzerland. This is a ‘price’ to pay for the bank’s more than 500-year (!) history. Whether or not it is an adequate price, everyone decides for themselves.
The bank fees are set for each client individually
Relationship was terminated
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