GSL / Offshore and International Law / Offshore Banking / HSBC Private Bank (Suisse) SA

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

October, 2022

Last update

October, 2022
  • 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)
GSL rating
Beginning of cooperation
August, 2007
Last contact
October, 2022
Last update
October, 2022
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General information and rating

263
Global rating
39
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
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.
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    Minimum requirements

    5 000 000
    Minimum balance, €
    N/A
    Transactions permitted per month
    5 000 000
    Initial deposit of funds, €
    3
    Deadline for the initial deposit, month
    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

    25
    Outcoming transfer, €
    0
    Incoming transfer, €
    730
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    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

    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
    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
    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

    Banks of Switzerland

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
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