GSL / Offshore and International Law. Offshore companies registration. / Offshore Banking / Incognito Bank 001 (Austria)

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

GSL reference about the bank What is it?

Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.

GSL rating

rating

Beginning of cooperation

October, 2001

Last contact

December, 2024

Last update

June, 2024
  • the bank opens savings (deposit) accounts;
  • the minimum balance of EUR 50 000 is irreducible;
  • to open an account, a personal meeting with a potential client is mandatory;
  • the term for opening an account – case by case (check with the consultant).

This bank is a classic example of a low-profile bank. It does not seek to advertise itself and, granting the bank’s wish, we do not mention its name in the bank’s profile. The name of the bank will be disclosed to you at a personal meeting.

GSL rating
rating
Beginning of cooperation
October, 2001
Last contact
December, 2024
Last update
June, 2024
Your Consultant
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+44 0 207 822 85 93

General information and rating
General information and rating

3 648
Global rating
93
Countrywide rating
—
Countrywide rating of the head bank
—
Global rating of the head bank
Year of foundation
1922
History
Founded in the middle of the 20th century by two distinguished Austrian families of entrepreneurs. In the mid 1990s the bank established a large number of Austrian private foundations designed to preserve family wealth. Beside the client base in Austria the bank serves clients from Central and Eastern Europe, Germany, and Latin America. It also has local subsidiaries in Czech Republic (Prague) and Hungary (Budapest)
Personnel
The bank’s staff have long years of experience of working with Eastern European clients. They have knowledge and understanding of the local market. Each client has a relationship manager. Russian-speaking officers are available
Bank’s shareholders
The majority of shares (80%) is held by one of the founding families. The senior managers also hold shares as partners
Confidentiality
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
    Minimum requirements

    50 000
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    50 000
    Initial deposit of funds, €
    1
    Deadline for the initial deposit, month
    Minimum balance, €
    The minimum balance of the account is CHF 50.000
    Transactions permitted per month
    Daily transactions in the account are permitted
    Initial deposit of funds, €
    The initial deposit is CHF 50.000
    Deadline for the initial deposit, month
    The initial deposit needs to be made within the first month
    How fast payments are executed
    Value date – two banking days. Urgent payments are available

    Tariffs and services
    Tariffs and services

    125
    Outcoming transfer, €
    0
    Incoming transfer, €
    80
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    The transfer fee is 0.25% (minimum 50 EUR per transfer)
    Account maintenance, €/year
    The account maintenance fee is 80 EUR per year
    Distant access to the account
    Fax with code word (variants are possible). "On-line reporting” system – it is possible to browse a flow of funds through the Internet
    Financial products
    The bank is ready to provide any banking products for their clients such as investment funds, cheque books, guarantee letters, credit against the deposit. The bank also provides structured consulting services; it is possible to discuss projects with bank’s chief executive
    Credit/debit cards
    VISA, MasterCard

    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
    Necessary
    Purpose of the account
    Savings
    Visit to the bank
    To open an account, a personal meeting with a potential client is mandatory
    Required
    Copy of international passport.

    For corporate clients – plus incorporation documents of the company.

    It is advisable to provide brochures, booklets and other information material about the company
    Types of accounts
    Savings
    Chances to open an account
    Predictable
    Business description
    The business description should be relatively detailed: the account of how the business was established and where it stands now, origin of funds, details of biography and contact details of the beneficial owner of the account
    Offers
    Austrian Private Foundation. Service offer

    An Austrian private foundation (“Privatstiftung”) is a legal entity that is created for a specific non-profit purpose. The establishment and management of the fou...

    EUR 15 000

    Buy
    Obtaining Austrian Citizenship by Investment. Service offer

    According to the Citizenship Act, Austrian citizenship can be acquired by birth, by descent, by naturalization or for special services (contribution) to the Repub...

    EUR 95 000

    Buy

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    Countrywide rating
    GSL rating
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    Erste Bank AG
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