Notenstein Privatbank AG

Beginning of cooperation Last contact Last update
August, 2015 October, 2017 September, 2015

GSL reference about the bank

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The bank does not work with US or Iranian residents

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    Bank's characteristics

    General information and rating

    Global rating Countrywide rating Countrywide rating of the head bank Global rating of the head bank Credit rating
    Not rated Not rated 3 AA
    Year of foundation 2012
    History In 2012 Notenstein Privatbank became a successor to Wegelin & Co, Switzerland’s oldest bank. The origin of Wegelin dates back to 1484 (St. Gallen)
    Personnel The bank has over 450 staff, including Russian-speaking ones
    Bank’s shareholders The bank is now 100% owned by a major Swiss group – Raiffeisen Group
    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

    Minimum balance, € Transactions permitted per month Initial deposit of funds, € Deadline for the initial deposit, month Minimum turnover, €/year
    2 000 000 No restrictions 2 000 000 1
    Minimum balance, € The minimum balance of account required by the bank is CHF 2 000 000 (or an equivalent)
    Transactions permitted per month No restrictions
    Initial deposit of funds, € The initial deposit is the same as minimum balance
    How fast payments are executed Payment instructions received before 12.00 Swiss time are executed on the same day. For payments received after 12.00, the value date will be the next day

    Tariffs and services

    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    50 0 0 N/A N/A
    Outcoming transfer, € The outgoing transfer fee is CHF 50
    Incoming transfer, € There is no charge on incoming payments
    Account maintenance, €/year There is no charge for the maintenance of account
    Distant access to the account Internet banking with restricted access and through a manager (via email, etc)
    Financial products The bank specializes on asset management for High Net Worth Individuals from both Switzerland and abroad
    Credit/debit cards No restrictions

    Account opening procedure

    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    14 14 Not necessary Detailed Savings
    Visit to the bank No visit to the banks is required, but meeting the banker is mandatory. A meeting can be arranged in Moscow during the banker’s visit
    Required A copy of internal or international passport. A standard set of corporate documents
    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 For account opening, the bank requires a standard series of answers to standard questions, such as the beneficial owner, source of funds, business activity and contact details
     
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