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

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

January, 2006

Last contact

October, 2024

Last update

June, 2024
  • the bank opens savings (investment) accounts;
  • to open an account, a personal meeting with a potential client is mandatory;
  • requirements for the minimum account balance – EUR 2 000 000;
  • the term for opening an account – case by case (check with the consultant)
GSL rating
rating
Beginning of cooperation
January, 2006
Last contact
October, 2024
Last update
June, 2024
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General information and rating
General information and rating

Not rated
Global rating
Not rated
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1844
History
It was founded in the mid-19th century as a family banking business and remains such to date. For the past 150 years the bank’s shares have belonged to the same family
Personnel
The bank has English-speaking staff. In Switzerland it has 175 employees, of whom 7 speak Russian, all Swiss citizens. It also has a subsidiary bank in Singapore and representative offices in London, Paris, Montevideo, and Turks & Caicos
Bank’s shareholders
A private bank. It belongs to the fifth generation of the bank’s ‘founding fathers’: Mr Pierre Poncet, Mr Gaétan Bordier and Mr Grégoire Bordier
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
    Minimum requirements

    2 000 000
    Minimum balance, €
    10
    Transactions permitted per month
    2 000 000
    Initial deposit of funds, €
    1
    Deadline for the initial deposit, month
    Minimum balance, €
    EUR 2 000 000 as a figure that is optimally necessary for the formation of a high-quality investment portfolio. The amount can be reached within a year
    Transactions permitted per month
    The bank does not open current accounts (i.e. it is not possible to carry out transactions on a daily basis), however, 8-10 per month are permissible, and it is desirable that they relate to the service of private interests, rather than to entrepreneurial activity
    Initial deposit of funds, €
    The initial deposit is USD 500 000
    Deadline for the initial deposit, month
    The initial deposit needs to be made within 1 month
    How fast payments are executed
    The cut-off time is 15.00 CET. The payment is executed on the third day

    Tariffs and services
    Tariffs and services

    40
    Outcoming transfer, €
    0
    Incoming transfer, €
    500
    Account maintenance, €/year
    20 000
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    Transfer fee is CHF 40
    Incoming transfer, €
    There is no charge on incoming transfers
    Account maintenance, €/year
    The maintenance fee is currently at least CHF 500. Below CHF 1 000 000 – 0,35%; from CHF 1 000 000 to 2 000 000 – 0,30%; from CHF 2 000 000 to 4 000 000 – 0,275%; over CHF 4 000 000 – 0.25%. Minimum CHF 500, maximum CHF 15 000
    Payment limit for credit cards, €/day
    Payment limit depends on the amount deposited at the bank (from EUR 20 000 to 50 000)
    Funds to be blocked for CC issue, €
    Three times as much as the payment limit
    Distant access to the account
    Internet banking – monitoring of account (not to make transactions, just view the account), e-mail, fax (with further confirmation by telephone), telephone
    Financial products
    The bank is a classic example of a family service bank and, in addition to banking services, it also offers private services (tax, legal etc). The bank does not have its own products and therefore is independent in the choice of optimal instruments. Broker activity. Fiduciary Management. Securities. Options. Rouble accounts are available. Through fiduciary deposit it is possible to open accounts at Russian banks (Alfa Bank, GazpromBank)
    Credit/debit cards
    Visa и MasterCard - Platinum, Gold, Classic. Fees for Platinum – CHF 7 500
    Hold mail
    Bank statement hold fee ranges from CHF 200 to CHF 400 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
    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, company documents (for corporate accounts)
    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
    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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