How to open a bank account in UNION BANK AG

GSL reference about the bank What is it?

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Relationship was terminated

At the General Meeting of August 7, 2020, the shareholders of Union Bank AG resolved to voluntarily liquidate the bank

Relationship was terminated

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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
2009
History
Founded in 2009
Personnel
The bank has Russian-speaking staff
Bank’s shareholders
The bank is privately owned. The shareholder is a Liechtenstein family foundation (Privatstiftung) the details of whose owners are not publicly available. Union Bank is not a public company
Confidentiality
AML legislation is strictly observed
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    Minimum requirements
    Minimum requirements

    Minimum balance, €
    Transactions permitted per month
    0
    Initial deposit of funds, €
    0
    Deadline for the initial deposit, month
    Transactions permitted per month
    There are no restrictions on the number of transfers
    Initial deposit of funds, €
    There are no restrictions as to the initial balance
    Minimum turnover, €/year
    There are no restrictions as to the minimum turnover

    Tariffs and services
    Tariffs and services

    63
    Outcoming transfer, €
    0
    Incoming transfer, €
    198
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    0.125% per transaction (minimum CHF 15, maximum CHF 1200). SEPA payments - EUR 10 for amounts up to EUR 50 000; over EUR 50 000 – 0.125% (maximum CHF 1200)
    Incoming transfer, €
    There is no charge on incoming transfers
    Account maintenance, €/year
    Account maintenance fee is CHF 20 per month
    Distant access to the account
    Internet system with codes
    Financial products
    The bank offers a variety of private banking services: accounts for private persons in various currencies; placement of fiduciary deposits at third party banks; depositary of shares, bonds and structured products; metal accounts; trading facilities for international securities; commercial payments; various credit and debit cards; SWIFT confirmations are available on demand; accelerated payments in case of urgency; lombard loans; and investment advisory services. The corporate banking includes: accounts for legal entities in various currencies; transactional accounts for commercial activities; SWIFT confirmations available on demand; credit facilities on request
    Credit/debit cards
    Credit cards VISA and MasterCard. No deposit is required for cards
    Hold mail
    Hold mail services – CHF 100 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
    Current
    Visit to the bank
    No visit to the bank is required. It is necessary to meet the banker (on his visit to Moscow). A meeting can also be arranged in Vienna or Liechtenstein
    Required
    Completed bank forms. A copy of the client’s passport. A standard set of corporate documents
    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
    Relatively detailed: in addition to the description of the business, the origin of funds needs to be disclosed

    Banks of Liechtenstein

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    3 500
    N/A
    N/A
    3 500
    978
    3
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