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

How to open a bank account in Raiffeisen Bank International AG

GSL reference about the bank What is it?

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Relationship was terminated

Currently, the Bank does not open accounts for foreign companies, but specializes only in providing investment services to clients of the Raiffeisen banking group.

RBI is a consolidated subsidiary of Raiffeisen Zentralbank Österreich AG (Vienna Austria) and one of the leading banks in Austria, Central and Eastern Europe

Relationship was terminated

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General information and rating

127
Global rating
3
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1898
History
The story of Raiffeisen Bank International AG begins in the middle of the nineteenth century and is closely associated with the name of Friedrich Wilhelm Raiffeisen (1818 – 1888). When establishing the banking group, he was lead by two principles: "Do not wait to be helped - help yourself!" and "We are stronger as a group!”. In 1862 the first cooperative banking association was formed in the town of Anhausen (Germany). In 1886 the first bank in the territory of Austria was established in Mühldorf am Inn. In 1927 Raiffeisen Zentralbank (RZB) was founded as a central institution of Raiffeisen Banking Group. In 2005 Raiffeisen International (Member of RZB Group) emerged. In 2012, resulting the merging of the business sector of Raiffeisen Zentralbank Österreich AG's (RZB) and Raiffeisen International Bank-Holding AG, Raiffeisen Bank International AG was founded.
Personnel
There is Russian-speaking personnel in the Head Office in Vienna
Bank’s shareholders
Raiffeisen Zentralbank Österreich AG (Vienna Austria) - 78,9%; Free float - 21,5%
Confidentiality
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 balance, €
    Transactions permitted per month
    0
    Initial deposit of funds, €
    1
    Deadline for the initial deposit, month
    Transactions permitted per month
    There are no limitations on the number of transactions
    Initial deposit of funds, €
    No initial deposit is required
    Deadline for the initial deposit, month
    There are no strict requirements, but the actual deadline for initial deposit is about 1 month. If no funds have entered the account within a long period of time, the bank may close the account.
    Minimum turnover, €/year
    The expected turnover will be 30 000 000 EUR. If the annual turnover is lesser, the bank will charge an additional fee for servicing the account.
    How fast payments are executed
    all payments are executed on the same day basis

    Tariffs and services

    125
    Outcoming transfer, €
    10
    Incoming transfer, €
    N/A
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    The outcoming payment fee is 0,25% from the amount of transfer (from 10 to 100 EUR). The sum of the fee is pro rata to the turnover on the account.
    Incoming transfer, €
    The incoming payment fee is 10 EUR
    Account maintenance, €/year
    The account maintenance charge is in direct relation to the turnover on the account
    Funds to be blocked for CC issue, €
    Credit card insurance to be blocked on the account to cover the credit card payments should be twice the size of the credit limit
    Financial products
    All classic banking and investment products are available to the Customers
    Credit/debit cards
    Available cards: VISA (costs 54 EUR), MasterCard Platinum (costs 118 EUR)
    Hold mail
    The bank does not keep statements, but it is possible to obtain them in pdf file format from Online Banking System. No additional fee is charged for this.

    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
    Current
    Visit to the bank
    The Representative office in Moscow is closed. Therefore, it would be necessary to meet the banker in Austria. However, the bankers sometimes travel to Russia to solve some matters with their existing clients. With any luck, it might be possible to arrange a meeting with a new client within this period of time.
    Required
    To open an account, it is necessary to explain in whihc way the company's business is connected with Austria. It is necessary to provide the following documentaion: copies of passports, introduction letters from other banks, a standard set of corporate documents, description of the corporate structure, completed questionnaire, information on all the shareholders with the share exceeding 25%
    Types of accounts
    Current
    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
    The bank requires that a detailed business description, signed by the client, be provided

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    The cost of opening an account, $
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    Countrywide rating
    GSL rating
    1 820
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