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

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

August, 2007

Last contact

April, 2024

Last update

March, 2024

savings (investment) accounts;
to open an account, a personal meeting with a potential client is mandatory;
minimum account balance – EUR 5 000 000;
the term for opening an account – case by case (check with the consultant)

GSL rating

Beginning of cooperation

August, 2007

Last contact

April, 2024

Last update

March, 2024

Поиск консультанта...

+44 0 207 822 85 93

General information and rating

263

Global rating

Countrywide rating

—

Countrywide rating of the head bank

—

Global rating of the head bank

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

There are English-speaking officers

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.

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Minimum requirements

5 000 000

Minimum balance, €

N/A

Transactions permitted per month

5 000 000

Initial deposit of funds, €

Deadline for the initial deposit, month

Minimum balance, €

EUR 5 000 000

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

Outcoming transfer, €

Incoming transfer, €

730

Account maintenance, €/year

N/A

Payment limit for credit cards, €/day

Outcoming transfer, €

Payments – only the cost of SWIFT (~ EUR 25), broker and custodial services – by agreement

Account maintenance, €/year

Annual maintenance fee - CHF 900

Distant access to the account

Internet banking. The account is operated by fax, e-mail + voice

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

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

Visit to the bank

To open an account, a personal meeting with a potential client is mandatory

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

Savings

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

Relatively detailed: in addition to the description of the business, the origin of funds needs to be disclosed

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

<img src="https://gsl.org/en/wp-content/themes/gsl/i/single_banks/thumb_up_black_24dp.svg" alt="" data-eio="l"> General information and rating

<img src="https://gsl.org/en/wp-content/themes/gsl/i/single_banks/star_black_24dp.svg" alt="" data-eio="l"> Minimum requirements

<img src="https://gsl.org/en/wp-content/themes/gsl/i/single_banks/request_quote_black_24dp.svg" alt="" data-eio="l"> Tariffs and services

<img src="https://gsl.org/en/wp-content/themes/gsl/i/single_banks/savings_black_24dp.svg" alt="" data-eio="l"> Account opening procedure

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General information and rating

Minimum requirements

Tariffs and services

Account opening procedure