A Swiss Bank account is not to be confused with a Swiss Private Bank Account. Swiss Private bank Accounts offer the highest quality offshore banking services available. There are many reasons why a corporation or a firm or even a private citizen choose to open up a Swiss private bank account. Swiss private banking is the most prestigious banking in the world. Private bankers build up strong relationships with their clients helping them to ensure a more financially prosperous outlet for them. Private bank accounts in Switzerland are usually only offered to clients with $300,000 USD to deposit or consistently outstanding growth in business/personal revenue.
Opening a Swiss account
Opening an account can be difficult or impossible for non-
US citizens are required to sign a document agreeing to notify the IRS of all transfers over a certain amount. As Swiss bank accounts for US citizens require additional administrative work, many banks prefer to open these accounts only when large sums of money are involved.
Swiss banking transactions can be done via correspondence as long as the customers follow bank rules and regulations. The bank and customer could interact through the internet, telephone or postal mail.
A security deposit is needed if the customer wants to obtain a credit card. Approximately 1.5 to 2 times the monthly credit limit is required, depending on the bank the customer chooses. This deposit is returned when the customer discontinues the credit card and has paid all outstanding bills.
To preserve the customer’s anonymity, some high-
Closing your account
You can close your Swiss bank account at any time with no restrictions or cost. You can get your money immediately and invested money as soon as it is liquidated.