/ / Incognito Bank (Switzerland) 004

How to open a bank account in Incognito Bank (Switzerland) 004

Beginning of cooperation Last contact Last update
July, 1999 June, 2021 April, 2021

GSL reference about the bank

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Primary requirements:
- savings (investment) accounts;
- going to the bank is not required, you can open an account by meeting with the banker during his visit to Moscow;
- minimum account balance - from EUR 1,000,000;
- the term for opening an account - case by case (check with the consultant).
Quite a long time ago, in the summer of 1999, we met a young banker who had recently become the head of Anker Bank’s Lausanne Branch. Most likely due to his lack of knowledge of the Russian market he easily agreed to work on the terms which not only surprised us, but our clients at times too. Here they are: the bank did not require any minimum balance, did not limit the number of transactions and charged as little as 20 CHF per transfer. The account would be opened remotely and sometimes, to save time, by fax. The whole procedure would take no more than a couple of days … No wonder the bank was a ‘smash-hit’ in autumn-summer 2000. But a year later, the bank’s management noticed the ‘non-target clientele’ that started to accumulate in this branch. So our vis-a-vis changed the place of employment and the bank changed its policy to make it better fit the private banking canons which any Swiss bank is expected to follow. In July 2008, Anker Bank and La Banque Cantonale de Genève merged under the name of the latter

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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
    761 26 A+
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    Year of foundation 1934
    History The bank was formed in 1934 through the merger of 3 banks. In July 2008, Anker Bank and La Banque Cantonale de Genève merged under the name of the latter.
    Personnel Speaks English, German and French
    Bank’s shareholders Banque Cantonale de Geneve - 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
    1 000 000 5 1 000 000 3
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    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, €
    10 0 200 3 000 N/A
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    Outcoming transfer, € International payments - 12 CHF per transaction (plus third-party charges), through BCGE Netbancing - 5 CHF per transaction (plus third-party charges)
    Incoming transfer, € No fees
    Payment limit for credit cards, €/day Monthly credit limit for private customers: Visa / MasterCard Silver - 10 000 CHF; Visa / World MasterCard Gold - 20 000 CHF; Visa Platinum - 300 000 CHF; MasterCard Prepaid - 3 000 CHF / EUR / USD. Monthly credit limit for corporate customers: MasterCard Corporate Card Silver - 10 000 CHF; MasterCard Corporate Card Gold - 300 000 CHF; MasterCard Business Card Silver - 10 000 CHF; MasterCard Business Card Gold - 50 000 CHF
    Distant access to the account Internet-Banking
    Credit/debit cards For private customers. Visa / MasterCard Silver (CHF) annual maintenance fee - 100 CHF; Visa / World MasterCard Gold (CHF / EUR / USD) annual maintenance fee - 200 CHF, 150 EUR / USD; Visa Platinum (CHF / EUR / USD) annual maintenance fee - 500 CHF, 350 EUR, 400 USD; MasterCard Prepaid (CHF / EUR / USD) annual maintenance fee – 25 CHF / EUR / USD. for corporate customers. MasterCard Corporate Card Silver (CHF) annual maintenance fee – 100 CHF; MasterCard Corporate Card Gold (CHF / EUR / USD) annual maintenance fee – 170 CHF, 150 EUR / USD; MasterCard Business Card Silver (CHF) annual maintenance fee – 100 CHF; MasterCard Business Card Gold (CHF / EUR / USD) annual maintenance fee – 170 CHF, 150 EUR / USD. Issue of supplementary card: 25 - 75 CHF.

    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 Detailed Savings
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    Visit to the bank Not required, but it is recommended to get acquainted with the staff (in your interest as well)
    Required Completed bank forms; copy of client’s passport; client’s CV; standard set of corporate documents
    Types of accounts Personal; Corporate; Savings
    Opening procedure and Due Diligence It is possible to open an account without meeting the banker
    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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