UNION BANK AG

Beginning of cooperation Last contact Last update
June, 2014 October, 2017 August, 2014

GSL reference about the bank

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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 N/R
    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; 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
    0 0 No restrictions
    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

    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    63 0 198 N/A N/A
    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

    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    14 14 Not necessary Detailed 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 Personal; Corporate; 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
     
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