GSL / Offshore and International Law / Offshore Banking / Bank Vontobel AG

How to open a bank account in Bank Vontobel AG

Beginning of cooperation Last contact Last update
June, 2012 December, 2021 August, 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 - from 750,000 euros with potential growth up to 1,000,000 euros;
- the term for opening an account - case by case (check with the consultant);
- there is Internet Banking.
A stable European bank with more than a 120-year history. It was started as a Swiss family bank and over the time has grown into quite a large structure with branches in almost all European countries, New York, Vancouver, and the UAE. But the bank has managed to retain best features of a family business – flexibility in client relationships and personal approach.
It is best suited for clients who wish to invest as it offers a great variety of products – from progressive high-yield ones to less profitable and more conservative ones, depending on your needs, which, coupled with a relatively small initial deposit makes this bank a good solution.
In addition to financial products, the bank offers to its regular clients such non-banking services as Family Office, and always willingly assists with locating and purchasing real estate and providing visa support (through partner companies).
The bank has long been known in Russia and the CIS countries because of its Austrian subsidiary, which was sold in 2012. Since then the bank’s presence in Russia continues through the Zurich office which also employs Russian-speaking staff

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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
    975 29 AA-
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    Year of foundation 1924
    History The bank was founded in 1924 as a brokerage firm. The son of the company’s owner joined the family business in 1943, and by 1960 new departments of asset management and private banking had been formed. The bank’s shares have been listed on the Zurich Stock Exchange since 1986. The bank acquired its current name in 2000. Today it has over 20 branches (the most recent ones were opened in Dubai and Singapore)
    Personnel The bank has over 1500 staff all over the world. They speak main European languages (English, German, French etc). The bank also has Russian-speaking officers
    Bank’s shareholders The owners are family members of the founder of the bank
    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
    750 000 5 750 000 3
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    Minimum balance, € The minimum balance is from € 750.00 with potential growth up to € 1,000,000
    Transactions permitted per month The number of transactions is restricted to 5 transactions per month
    Initial deposit of funds, € Down payment is equal to the minimum balance
    Deadline for the initial deposit, month The bank expects the client to make the initial deposit within three months of the start of account operation
    How fast payments are executed Within 24 hours of confirmation. Cut off time for: USD - 5 p.m., EUR - 4 p.m., CHF - 3 p.m.

    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, €
    100 0 1 850 800 20 000
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    Outcoming transfer, € The transfer fee is 0.2% of the transferred amount, minimum EUR 50 and maximum EUR 500. SWIFT confirmation – EUR 20
    Incoming transfer, € The bank does not charge any fee of incoming transfers
    Account maintenance, €/year The account maintenance fee is at least CHF 2 320 and covers email fee and hold of bank statements
    Payment limit for credit cards, €/day The payment limit set by the bank on bank cards is CHF 1 000
    Funds to be blocked for CC issue, € To make card payments in accordance with the payment limit, the account should have a balance of at least CHF 20 000
    Distant access to the account Via fax, phone, and internet banking. The internet banking allows both to view the account and to operate it
    Financial products The bank offers a wide range of banking and financial services, both for individuals and companies, including private banking, asset management, investments, and loans. The non-banking services include Family Office
    Credit/debit cards Master Card, Visa, American Express, Corporate Card, Travel Cash Card
    Hold mail Included in the account maintenance fee

    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. But it is obligatory to meet the banker in either Moscow or Zurich. The bank’s representative visits Moscow every 4-6 weeks
    Required Completed bank forms; copy of client’s passport; client’s CV; standard set of corporate documents. Business reference letters are not obligatory but preferable
    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; 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
    Need a consultation from a specialist?

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