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How to open a bank account in HSBC Private Bank (Suisse) SA

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August, 2007 December, 2021 April, 2021

GSL reference about the bank

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Primary requirements:
- savings (investment) accounts;
- an account can be opened without leaving Switzerland, but a meeting with a banker who regularly visits Moscow is required;
- minimum account balance - 5,000,000 EUR;
- the term for opening an account - case by case (check with the consultant).

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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
    263 39 AA+
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    Year of foundation 1988
    History The HSBC group was founded in Hong Kong in 1865 as “Hong Kong and Shanghai Banking Corporation Ltd”. Republic National Bank of New York (Suisse) SA was established on February 1, 1988. In 1996 Banque Unigestion SA (Geneva) was acquired. The name was changed to HSBC Republic Bank (Suisse) SA on January 5, 2000. On April 11, 2001, HSBC Bank (Suisse) SA took over all assets and liabilities of HSBC Republic Bank (Suisse) SA and changed its name to HSBC Republic Bank (Suisse) SA. At the same time, the former HSBC Republic Bank (Suisse) SA was renamed to HSBC Bank (Suisse) SA and put into liquidation. The bank has over 80 offices in 36 countries in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.
    Personnel Russian-speaking officers are available
    Bank’s shareholders HSBC Private Banking Holdings (Suisse) SA (Geneva 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.

    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
    5 000 000 N/A 5 000 000 3
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    Minimum balance, € 5 000 000 EUR
    Deadline for the initial deposit, month Time within which initial minimum deposit needs to be made – by agreement
    How fast payments are executed Payments are executed 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, €
    25 0 730 N/A N/A
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    Outcoming transfer, € Payments – only the cost of SWIFT (≈25 EUR), broker and custodial services – by agreement
    Account maintenance, €/year Annual maintenance fee - 900 CHF
    Distant access to the account The account is operated by fax, e-mail + voice. Internet banking
    Financial products Fiduciary deposits, credits and specialized financing, safekeeping, investment advice, fiduciary management asset, alternative investments, fund choice strategy, family office, corporate finance, mortgage (European real estate), mortgage finance, insurance programs, advisory service
    Credit/debit cards Visa, MasterCard, American Express, Sw Cash

    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 Exhaustive Savings
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    Visit to the bank Not required
    Required To open a personal account: completed form (Bank), CV, passports, reference letter from the current bank. To open a corporate account: completed form (Bank), brief description of company’s activities, passports of the company’s beneficial owners, Form А, apostilled documents (certificate of incorporation, memorandum and articles of association, general power of attorney, and board resolution appointing the director)
    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; it is possible to open an account without visiting a professional introducer
    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
    Need a consultation from a specialist?

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