How to open a bank account in Incognito Bank 001 (Liechtenstein)

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

May, 2000

Last contact

November, 2024

Last update

June, 2024
  • the bank opens savings (investment) accounts;
  • the minimum balance is CHF 100 000;
  • the term for opening an account – case by case (check with the consultant);
  • since 2015, for clients outside continental Europe (including from Russia), the Bank has set an annual payment (Cross-Boarder Fee) in the amount of CHF 500, clients who have more than USD 10 000 000 on their account are exempted from this payment USD
GSL rating
rating
Beginning of cooperation
May, 2000
Last contact
November, 2024
Last update
June, 2024
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General information and rating
General information and rating

3 140
Global rating
5
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1992
History
Bank was established in 1992 in Vaduz, the capital of Liechtenstein, as a classic private bank for individual management of private capital. The bank currently employs 50 highly qualified specialists, of whom many have worked in the bank since its foundation
Personnel
There is one English-speaking officer at present
Bank’s shareholders
Bank is an owner-managed banking establishment with an entrepreneurial orientation
Confidentiality
AML legislation is strictly observed
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    Minimum requirements
    Minimum requirements

    100 000
    Minimum balance, €
    5
    Transactions permitted per month
    10 000
    Initial deposit of funds, €
    3
    Deadline for the initial deposit, month
    Minimum balance, €
    The recommended minimum balance is CHF 100 000. Ideally, the bank would like to see 50-60% of the client’s funds deposited as a portfolio managed by the bank. In this case the remaining 40-50% may be used for payment transactions.
    Transactions permitted per month
    The permitted number of transactions depends on the sum of deposit, but anyway will be no more than 5. For substantial clients special arrangements may be possible.
    Initial deposit of funds, €
    Initial deposit should be not less than CHF 10 000.
    Deadline for the initial deposit, month
    The initial deposit should be credited to the account not later than in 3 months, if not - the account will be closed
    Minimum turnover, €/year
    As the bank is involved in asset-protection business the commercial accounts are not allowed. For bigger deposits special arrangements are possible
    How fast payments are executed
    The value date is the second day, for express payments (the same day value) an additional CHF 30 are required

    Tariffs and services
    Tariffs and services

    8
    Outcoming transfer, €
    0
    Incoming transfer, €
    150
    Account maintenance, €/year
    5 000
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    Domestic transfers in CHF – free of charge. Outgoing transfers in CHF – CHF 10. Outgoing transfers in other currencies – CHF 10. Express transfers – CHF 30
    Incoming transfer, €
    Free of charges
    Account maintenance, €/year
    Account closure – CHF 5. Numbered account fee – CHF 200 per year. Confirmation of transaction by fax – CHF 30. Cancellation of payment order – CHF 25. Investigation of payment – CHF 30, "no-paper" service is free of charge
    Payment limit for credit cards, €/day
    Minimum monthly payment limit is CHF 5 000
    Funds to be blocked for CC issue, €
    For monthly payment limit of CHF 5 000, an additional 5 500 should be blocked in the account. (which is equal to 110% insurance coverage for credit cards)
    Distant access to the account
    fax; full range of internet banking is available. Both passive monitoring and active transactions (transfers) are available through internet system. The transfers below 250 000 CHF go automatically without pre-approval. The bigger amounts are subject to authorisation of the banker
    Financial products
    The bank offers high-quality private banking services: private capital advice and management. Investment advice and asset management. Loans and financing. Estate planning
    Credit/debit cards
    VISA, Mastercard and "traveller cash card" (TCC).
    Hold mail
    Quarterly statements – CHF 5. Monthly statements – CHF 5. Retained mail fee – CHF 100 per year

    Account opening procedure
    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 & current
    Visit to the bank
    To open an account, a personal meeting with a potential client is mandatory
    Required
    Completed bank forms. Copy of client’s passport. Standard set of corporate documents (not older than 3 months)
    Types of accounts
    Savings; Current
    Opening procedure and Due Diligence
    It is possible to open an account without visiting the country where the bank is located; 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

    Banks of Liechtenstein

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    3 500
    N/A
    N/A
    3 500
    978
    3
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