How to open a bank account in Incognito Bank (Switzerland) 002

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

August, 1997

Last contact

April, 2025

Last update

June, 2024

savings (investment) accounts;
requirements for the minimum account balance – USD 1 000 000;
translation cost – CHF 30;
it is possible to open an account for an operating company in conjunction with Private Banking (with transaction activity up to 5 transactions per month);
a personal meeting with a bank representative is mandatory

GSL rating

Beginning of cooperation

August, 1997

Last contact

April, 2025

Last update

June, 2024

Поиск консультанта...

+44 0 207 822 85 93

General information and rating

752

Global rating

Countrywide rating

—

Countrywide rating of the head bank

—

Global rating of the head bank

Year of foundation

1983

History

Founded in 1983 and headquartered in Zurich, the Bank has an international network which spreads over Europe, the Middle East, Asia Pacific region, North and South Americas. It belongs to a global family of private banking businesses, which covers 30 countries and has around 2 500 employees

Personnel

Mainly English-speaking and French-speaking

Bank’s shareholders

100% shareholder is a Luxembourg-based financial group controlled by the family of South European shipowners

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

1 000 000

Minimum balance, €

Transactions permitted per month

1 000 000

Initial deposit of funds, €

No restrictions

Deadline for the initial deposit, month

Minimum balance, €

The minimum account balance requirement is USD 1 000 000. For high risk accounts and for PEP - USD 5 000 000

Transactions permitted per month

The account should not be used as a checking account, transactional activity is not allowed (only for personal needs). However, transactional activity is allowed for operating companies (5 transfers per month), opening an account for which is possible in conjunction with Private Banking

Initial deposit of funds, €

Down payment is equal to the minimum account balance

Deadline for the initial deposit, month

The down payment can be made at any time - by prior arrangement with the bank officer

How fast payments are executed

Usual value date is the second day. The same day transfers are possible but not guaranteed (especially with large transaction amounts). Cut-off time is 15.00 (Central European Time)

Tariffs and services

Outcoming transfer, €

Incoming transfer, €

2 000

Account maintenance, €/year

7 600

Payment limit for credit cards, €/day

Outcoming transfer, €

Outgoing transfers in CHF – CHF 20, transfers in European currencies – CHF 30, transfers in other currencies – CHF 40 (up to CHF 100 per transfer including all additional charges)

Incoming transfer, €

All incoming transfers are free of charge

Account maintenance, €/year

CHF 2 500 per year. Account closing fee is CHF 1000

Payment limit for credit cards, €/day

Minimum payment limit set by a client is USD 10 000

Funds to be blocked for CC issue, €

Minimum amount to be blocked for the issue of credit cards is three times as much as the payment limit (USD 30 000)

Distant access to the account

Fax plus phone call, in rare cases code tables are permitted. E-banking is also available for CHF 1 000 per year

Financial products

The bank does not work with main banking products and offers traditional financial instruments: fixed-term deposits, shares, bonds and their combinations. The minimum fixed-term deposit is CHF 50 000, the rates on deposits are linked to market rates

Credit/debit cards

VISA, Mastercard

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

A personal meeting with a bank representative is mandatory

Required

Copy of passport, business card, standard set of corporate documents

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

The bank asks for information on the source of the funds of the beneficial owner of the company. This information is subsequently verified by the bank through its own channels.

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How to open a bank account in Incognito Bank (Switzerland) 002

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General information and rating

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