GSL / Offshore and International Law. Offshore companies registration. / Offshore Banking / Schroder & Co Bank AG

How to open a bank account in Schroder & Co Bank AG

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

March, 2016

Last contact

November, 2024

Last update

June, 2024
  • opens savings (investment) accounts;
  • the bank does not set requirements for the minimum account balance, however, due to its specialization in asset management, it gives preference to clients with funds of CHF 10 000 000 or more;
  • the term for opening an account – case by case (check with the consultant);
  • a personal meeting with a bank representative is mandatory
GSL rating
rating
Beginning of cooperation
March, 2016
Last contact
November, 2024
Last update
June, 2024
Your Consultant
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+44 0 207 822 85 93

General information and rating
General information and rating

Not rated
Global rating
124
Countrywide rating
—
Countrywide rating of the head bank
—
Global rating of the head bank
Year of foundation
1804
History
The history of Schroders as we know it today begins in 1804, when Johann Heinrich Schröder becomes a partner in J. F. Schröder & Co, the London-based firm founded by his brother, Johann Friedrich Schröder, in 1800. By the beginning of the 20th century, Schroders is one of the leading banking houses in London, issuing bonds for clients in North and South America, South Africa, Russia, China, Japan and Europe. Schroders employ over 3 700 talented people worldwide operating from 38 offices in 28 different countries across Europe, the Americas, Asia and the Middle East, close to the markets in which we invest and close to our clients.
Personnel
Speaks German, English, French, Italian, Spanish, Arabic etc.
Bank’s shareholders
The company is listed on the FTSE100 in London. Main shareholders is the Schroder family for the last more than 200 years
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

    0
    Minimum balance, €
    1
    Transactions permitted per month
    0
    Initial deposit of funds, €
    0
    Deadline for the initial deposit, month
    Minimum balance, €
    The bank does not set requirements for the minimum account balance. However, due to specialization in asset management, preference is given to clients with funds from CHF 10 000 000
    Transactions permitted per month
    Not a payment bank. The main use of the account is the storage and management of assets
    Initial deposit of funds, €
    No

    Tariffs and services
    Tariffs and services

    100
    Outcoming transfer, €
    0
    Incoming transfer, €
    2 000
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    Payment fees / Cheque issue (CHF) - CHF 5. Payment fees / Cheque issue (CHF) - 0,10% (min CHF 30, max CHF 100). Other currencies payment / Cheque - 0,20% (min CHF 30, max CHF 200)
    Incoming transfer, €
    No
    Account maintenance, €/year
    Minimum fees of CHF 2 000 per year
    Distant access to the account
    Online banking
    Financial products
    Schroders is an asset management company
    Hold mail
    Hold mail - CHF 500

    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
    A personal meeting with a bank representative is mandatory
    Required
    Completed bank forms; copy of client’s passport; client’s CV; standard set of corporate documents
    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
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    Comments

    • userpic round-small-mask

      14.08.2021 12:45:04 Aphiri Samuel patson

      I’m living in south Africa I like to be part of this great bank , who’s giving you opportunity or access to be close to trading platform thanks.

      Reply

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