How to open a bank account in Société Générale Private Banking (Suisse) SA

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

July, 2003

Last contact

October, 2023

Last update

July, 2023

savings (investment) accounts;
an account can be opened without leaving Switzerland, but a meeting with a banker who regularly visits Moscow is required;
minimum account balance – 1,000,000 EUR;
the term for opening an account – case by case (check with the consultant)

GSL rating

Beginning of cooperation

July, 2003

Last contact

October, 2023

Last update

July, 2023

Поиск консультанта...

+44 0 207 822 85 90

General information and rating

1 304

Global rating

Countrywide rating

Countrywide rating of the head bank

267

Global rating of the head bank

Year of foundation

1986

History

Established 1986 as Banque Cantrade Lausanne SA. On February 1, 1993 name changed to Cantrade Banque Privée Lausanne SA and on October 2, 1995, name changed to CBG Compagnie Bancaire Genève. The CBG, having acquired the Banque d'Investissements Privés (BIP), Geneva, in November 1997. Subsequently, it conducted a full integration of Fransad Investments et Gestion SA (FIG), Geneva, on December 31, 1997. On July 1, 1998 we siezed the opportunity to take control of Cantrade Banca Privata Lugano SA, the name changed to CBG Banca Privata Lugano, our majority stake being 70 p.c. On November 30, 2003 SG Rüegg Bank AG merged into CBG Compagnie Bancaire Genève and name changed as above

Personnel

The bank has Russian-speaking personnel

Bank’s shareholders

Société Générale Bank & Trust (Luxembourg) - 100%

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

1 000 000

Minimum balance, €

N/A

Transactions permitted per month

500 000

Initial deposit of funds, €

Deadline for the initial deposit, month

Minimum balance, €

The minimum deposit of 1 000 000 EUR needs to be made within two years

Initial deposit of funds, €

500 000 EUR. On agreement with the bank, the initial deposit can be reduced

Deadline for the initial deposit, month

First 2-3 months

How fast payments are executed

Payments are normally executed within two days of the date of value, but cannot be executed same day

Tariffs and services

Outcoming transfer, €

Incoming transfer, €

480

Account maintenance, €/year

N/A

Payment limit for credit cards, €/day

Outcoming transfer, €

transfer fee is 36 EUR for payments made to EU countries including Switzerland and 42 EUR for payments to other countries.

Incoming transfer, €

no fee for incoming transfers

Account maintenance, €/year

Opening an account is free. Administrative commissions cover the costs of maintaining an account, managing numbered accounts, storing correspondence and other costs of processing an operation and amounts to 0.175% (minimum - 300 CHF every six months; maximum - 6,000 CHF every six months)

Distant access to the account

The account can be operated via fax (with client’s signature), phone, and E-banking

Financial products

The bank offers a great variety of classic products: deposits, bonds, funds, futures, credits, bank guarantees, loans etc.

Credit/debit cards

Visa, MasterCards, American Express (USD, EUR, CHF)

Hold mail

Keeping the client's mail is covered by the 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

Visit to the bank is not required because the bank’s representatives often visit Russia. The client can meet the bank officer in Russia or visit the bank at any convenient time

Required

Client’s passport, certain forms allowing to gather the necessary information about the client. For companies – passports, copies of constitutive 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

Reasonably detailed: the client shall describe the nature of his/her business and disclose the source of funds.

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How to open a bank account in Société Générale Private Banking (Suisse) SA

General information and rating

Minimum requirements

Tariffs and services

Account opening procedure

Banks of Switzerland

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