Minimum balance, €
The ‘ideal’ client for the bank is an account holder with EUR 1.000.000 assets
Transactions permitted per month
Although the bank holds itself out as a savings bank, a limited number of transactions are still permitted. Thus, in the case of the average minimum balance of EUR 500.000, one can make up to 3-5 transactions a month. However, the terms and conditions are always to be discussed individually
Initial deposit of funds, €
EUR 500.000 is the minimum amount for the account to be opened and it should be increased to the required sum of the minimum balance within the first year
Deadline for the initial deposit, month
The initial deposit is expected within 6 months. If the account stays ‘empty’ for a year, the bank will suggest that the client should close it
How fast payments are executed
The value date is 2 days. An urgent transfer is made same-day (if instruction comes in before the cut off time). An ordinary transfer – plus 2 days. There is no extra charge for urgent transfers. The cut off time is 14.00. EUR - 15.30, USD - 16.30, CHF - 14.00
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