How to open a bank account in Euram Bank AG

Beginning of cooperation Last contact Last update
April, 2001 June, 2021 March, 2021

GSL reference about the bank

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Primary requirements:
- the bank opens savings (deposit) accounts;
- it is possible to open an account with limited operating activities;
- an account can be opened by meeting with a representative of the Bank in Moscow (without leaving for Austria);
- the minimum balance on a corporate account is EUR 500,000 or the equivalent in USD / CHF / GBP and EUR 300,000 on a personal account with a subsequent increase;
- the term for opening an account - check with your consultant;
- for payments up to EUR 50,000, the bank offers an online banking system, for larger payments, a payment order is used, which is sent by email. by mail or fax and confirmed by phone with a code word;
- it is possible to open an offshore account;
- the bank does not open accounts for individuals and companies associated with the United States, as well as jurisdictions included in the "black" and "gray" lists of the EU;
- the bank carries out operations with EUR, USD, GBP, CHF, etc .; for payments in USD, special attention is paid to documentation and counterparties;
- meeting with the banker is necessary for the beneficiary (25% + 1) or the person in real control

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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
    Not rated Not rated AA+
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    Year of foundation 1999
    History European American Investment Bank AG (Euram Bank) основан в Вене в 1999 при участии Европейско-американской инвестиционной группы (European American Investment Group) и в настоящее время является полностью независимым австрийским частным банком
    Personnel Staff are fluent in almost all European languages, including Russian
    Bank’s shareholders European American Investment Bank AG (Euram Bank) is an independent Austrian Private Bank which is 100% owned by its managing partners and private investors
    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
    500 000 15 500 000 3 No restrictions
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    Minimum balance, € The amount of the minimum balance is EUR 500.000 for corporate accounts and EUR 300.000 for personal accounts with a subsequent increase or equivalent in USD/CHF/GBP
    Transactions permitted per month Allowable number of transfers - 10-15 per month
    Initial deposit of funds, € Down payment amount equals minimum balance
    Deadline for the initial deposit, month Must be entered within three months
    How fast payments are executed 2-3 working days

    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, €
    150 0 320 10 000 N/A
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    Outcoming transfer, € Transfer fee (SEPA-transfer) - EUR 10. For other transfers, the fee is 0.25% (minimum EUR 150, maximum - EUR 1.000)
    Incoming transfer, € Bank does not charge for incoming payments
    Account maintenance, €/year Account maintenance fee is EUR 80 quarterly (including Internet banking access)
    Payment limit for credit cards, €/day Master Card (Quintilian) is limited only by the size of the warranty. VISA Gold limits: EUR 400 withdrawal at ATM; EUR 10.000 day/month
    Distant access to the account For payments up to EUR 50.000, the bank offers an online banking system. For larger payments, a payment order is used, which can be sent by email or fax and confirmed by phone with the code word
    Financial products The Bank's service includes a complete set of banking services and investment banking expertise - from investment consulting and asset management to securities transactions. It also offers consulting on corporate finance, loan transactions on security security and fiduciary transactions, Family Office services. In addition, the Bank offers consulting services to private, institutional and corporate investors when buying and selling enterprises and increasing equity: pawnshop loans (with a leverage of 2%); syndicated credits; providing protection when entering a new market. For investments, stocks, bonds, investment funds (not necessarily the bank's own products), gold can be considered
    Credit/debit cards Master Card (Quintilian) with annual service EUR 800. ATM withdrawals - 1% (EUR 4 minimum). VISA Gold (for production EUR 110) with annual service EUR 300. Cash withdrawal - 3% (minimum EUR 3.63)
    Hold mail Monthly Statement Fee - EUR 30 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 & current
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    Visit to the bank Meeting with the representative of the bank is mandatory. Exit to the bank is not necessary - a representative happens in Moscow
    Required Standard set of corporate documents, company reporting (priority - with the conclusion of the auditor), a copy of the passport. For new companies - a document confirming the source of the beneficiary's funds. Depending on the structure of the company and the characteristics of the client's business, the bank may request additional documents. Recommendations from other banks are also desirable
    Types of accounts Personal; Corporate; 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 Company balance sheets/profit and expense statements, personal income tax statements for the last 2-3 years are required, i.e. any documents confirming the sources of well-being of the client or the financial position of his company
     
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