GSL / Offshore and International Law / Offshore Banking / Credit Suisse AG

How to open a bank account in Credit Suisse AG

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

June, 2005

Last contact

October, 2022

Last update

October, 2022
  • the bank opens SETTLEMENT accounts, including offshore;
  • the number of transactions is NOT LIMITED;
  • the bank is interested in large clients with a turnover of $ 50 million, but they can consider a turnover of $ 10 million, provided that the operations are understandable;
  • the cost of servicing the account - 20,000 USD per year, the cost of a SWIFT transfer - 35 francs;
  •  it is possible to open a savings account with a deposit of USD 1 million;
  • an account can be opened at the Bank's representative office in Moscow during the visit of bankers (once a quarter) or in Switzerland;
  • strict compliance;
  • business restrictions: cryptocurrency activities, forex trading and work with third-party funds
GSL rating
Beginning of cooperation
June, 2005
Last contact
October, 2022
Last update
October, 2022
Your Consultant
Поиск консультанта...

Поиск консультанта...

General information and rating

28
Global rating
1
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1856
History
Founded in 1856, it is one of the Switzerland’s oldest major banks. The bank has over 400 branches worldwide with 45 000 employees. The first international branch was opened in New York in 1940. Co-operation with First Boston Inc. (FBI) began in 1978. Bank Leu was acquired in 1990, and later in 1993 Swiss Volksbank was acquired. CS Holding became Credit Suisse Group in 1996. The year 1997 saw the merger of Credit Suisse Group and Winterthur Group. Donaldson, Lufkin & Jenrette (DLJ) was acquired in 2000. The year 2005 brought about the merger of Credit Suisse and Credit Suisse First Boston. In 2010, Credit Suisse (International) Holding AG merged with Credit Suisse AG and in 2012 the bank took over Clariden Leu
Personnel
The bank has Russian-speaking staff and a representative office in Moscow (fully-functional office providing services of foreign account opening and operation)
Bank’s shareholders
Credit Suisse Group (Zürich Switzerland) - 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.
Compare banks

    Minimum requirements

    5 000 000
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    5 000 000
    Initial deposit of funds, €
    12
    Deadline for the initial deposit, month
    Minimum balance, €
    The minimum balance for savings accounts is USD 5,000,000 (it is possible to start with USD 1,000,000). There is no minimum balance for corporate settlement
    Transactions permitted per month
    For current accounts – no restrictions. For savings accounts – 5 transactions per month
    Initial deposit of funds, €
    The initial deposit is the same as the minimum balance
    Deadline for the initial deposit, month
    The minimum balance must be paid within the first 12 months from the date of opening the account
    How fast payments are executed
    Time of payment instructions execution for investment accounts in Zurich (Swiss time): for USD payments - 17.00; for EUR and CHF payments - 15.00; for GBP payments - 12.00; for RUB payments - 06.00 (i.e. a payment will always be executed on the following day)

    Tariffs and services

    23
    Outcoming transfer, €
    0
    Incoming transfer, €
    65
    Account maintenance, €/year
    10 000
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    Current accounts: transfer fee is CHF 29 – outside the EU and CHF 23 – within the EU. Savings accounts: there are 3 options. 1) The bank’s fee is paid by the remitter and the correspondent bank’s fee is paid by the recipient. 2) All payments are made by the recipient. In this case the fee is CHF 5 for amounts not exceeding CHF 1 000; CHF 20 for amounts from CHF 1 000 to CHF 10 000 and CHF 40 for amounts over CHF 10 000. 3) The bank’s fee is paid by the recipient. In this case the fee is from CHF 18 to CHF 24
    Incoming transfer, €
    There is no charge on incoming payments
    Account maintenance, €/year
    Savings account maintenance fee is CHF 3 per month plus 1 000 CHF per annum for confidential information storage. Current account maintenance fee is CHF 5 000 in case the minimum balance is less than CHF 500 000. If the balance of the account exceeds CHF 500 000, the maintenance fee is CHF 20 per quarter. Account opening fee is CHF 2 000
    Payment limit for credit cards, €/day
    Credit card payment limit is from CHF 10 000. World MasterCard Gold (CHF) – up to CHF 30 000; World MasterCard Gold (EUR and USD) – up to CHF 20 000; MasterCard Standard (CHF) – up to CHF 10 000; American Express Platinum and American Express Gold – no limits; American Express BLUE – up to CHF 20 000
    Distant access to the account
    It is possible to get free-of-charge Internet banking system to monitor the account, give instructions and trade in real time at major stock exchanges (using a token)
    Financial products
    As a universal bank, it works with any financial instruments, such as guarantees, letters of credit etc. But terms and conditions are discussed with every client individually. Mortgage on real estate abroad. Lombard credits (up to 90% of the cash amount in the account with 1.15% margin). The bank also assists with sale of business. Minimum lot cost is EUR 50 000 000
    Credit/debit cards
    MasterCard and American Express. Payment limit may vary, depending on the card type. The assets placed with the bank guarantee the financial solvency for the payment system. There is no insurance coverage to be blocked for credit cards. Annual maintenance fee is from CHF 100 per year
    Hold mail
    Annual hold mail fee is CHF 1 000 per year

    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. An account can be opened in the bank’s Moscow representative office and in the GSL office. Out of CIS countries, the bank works with Russia, Ukraine and Kazakhstan. The minimum requirements for Ukraine and Kazakhstan are substantially higher. An account can also be opened in Zurich (preferably), Geneva, Singapore, Monaco, Paris, London and Amsterdam
    Required
    Photocopies of the company’s apostilled constitutive documents, photocopy of passport of director/attorney/beneficiary, business description, filled in questionnaire
    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
    Chances to open an account
    Predictable
    Business description
    Reasonably detailed: the bank would like to have the information on the sources of funds, together with the business description.

    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