GSL / Offshore and International Law / Offshore Banking / Incognito Bank (Switzerland) 005

How to open a bank account in Incognito Bank (Switzerland) 005

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October, 2007 December, 2021 April, 2021

GSL reference about the bank

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Primary requirements:
- the bank opens savings (investment) accounts;
- an account is possible without going to the bank, a representative of the Bank regularly visits Moscow;
- requirements for the minimum account balance - 1,000,000 USD;
- the term for opening an account - case by case (check with the consultant).

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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
    Not rated Not rated AA
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    Year of foundation 1890
    History The bank was founded in Zurich
    Personnel The staff speak English, German, French and also Russian
    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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    Minimum balance, € The minimum average monthly balance is USD 1 000 000
    Transactions permitted per month The allowed number of transfers is from 2 to 5 per month
    Initial deposit of funds, € The initial deposit is USD 1 000 000
    How fast payments are executed The value date is the next day

    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, €
    50 0 2 000 7 000 N/A
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    Outcoming transfer, € The fees for outgoing transfers are agreed with the bank individually
    Incoming transfer, € The fees for incoming transfers are agreed with the bank individually
    Account maintenance, €/year The account maintenance fee is 0.25% (from CHF 2.5 mln); 0.15% (from CHF 5 mln); 0.1% (from CHF 7.5 mln); 0.075% (from CHF 10 mln); 0.05% (from CHF 25 mln). The minimum fee is CHF 2 500
    Payment limit for credit cards, €/day The payment limit for Classic Intercard is CHF 10 000 or EUR 7 000 or USD 8 000. For Premier Intercard - CHF 90 000 or EUR 63 000 or USD 72 000
    Distant access to the account The account can be operated via Internet Banking, phone, fax or email
    Financial products Portfolio management. Complex long-term investment solutions. A wide range of portfolio funds. Investment advice. Finance, property and estate planning. Loans. Safe-deposit box rent. Depository services etc
    Credit/debit cards Visa Classic Intercard Premier and MasterCard Classic Intercard Premier (with annual fee of CHF 200 or EUR 140 or USD 160); Visa Classic Intercard Classic; MasterCard Classic Intercard Classic (with annual fee of CHF 100 or EUR 70 or USD 80)
    Hold mail Hold of bank statements is included in the account maintenance fee. A specialized postal service – CHF 500 per year

    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 No visit to the bank is required as the meeting with the banker can be arranged in Moscow (the bank’s representative visits Moscow once every three months)
    Required Completed bank forms; copy of the client’s passport; client’s CV; standard set of corporate documents. Business reference letters are not obligatory, but recommendable
    Types of accounts Personal; Corporate; 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 Relatively detailed: in addition to the description of the business, the origin of funds needs to be disclosed
     
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