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

How to open a bank account in Bank Vontobel AG

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

June, 2012

Last contact

October, 2022

Last update

October, 2022
  • 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

GSL rating
Beginning of cooperation
June, 2012
Last contact
October, 2022
Last update
October, 2022
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General information and rating

975
Global rating
29
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
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.
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    Minimum requirements

    750 000
    Minimum balance, €
    5
    Transactions permitted per month
    750 000
    Initial deposit of funds, €
    3
    Deadline for the initial deposit, month
    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

    100
    Outcoming transfer, €
    0
    Incoming transfer, €
    1 850
    Account maintenance, €/year
    800
    Payment limit for credit cards, €/day
    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

    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
    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
    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

    Banks of Switzerland

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
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