Posted on 07 December 2010
Tags: account type, bank Checks, bank transfers, British Pounds, Cash withdrawals, closing bank account, closing swiss bank account, credit card, euro, investment, minimum account balance, money market fund, opening numbered account, swiss account charges, Swiss accounts, swiss bank account, Swiss banks, Swiss Francs, Switzerland bank, Traveler’s Checks, US dollars
There are different laws to open a Swiss bank account. The very first important law is that if you are not a citizen of Switzerland, you must be at least 18 years old. You can open your account in any currency. Normally people choose American dollars currency.
Choice of bank and account type
It depends upon your investment that what type of account you want to open. For privacy and security reasons choose a bank in Switzerland that has also a branch in your country. The type of account depends on your investment and function of your account. They also provide you safe deposit box so that you can deposit your important documents and other items. Select a type of account that suits your needs and you do not need to pay extra money.
Interest giving accounts
If you maintain your account in Swiss Francs you can earn a small amount of interest. You can also earn interest if you select any other currency like US dollars or British Pounds or Euro. They will put your money into money market fund and will earn interest there.
Account opening
You can open your desired account by filling the application and also providing the necessary documents along with your application. Read the full story
Posted on 17 February 2009
Tags: anonymous account, anonymous account in switzerland, bank, bank account, Bank Accounts, Bank Manager, bank transfers, banker, bankers manager, banking, CHF, close a bank account, Finance, good interest rates, how to open, internet banking, legal and banking system, numbered account, open bank account, swiss account, swiss bank, swiss bank account, swiss bank account interest rates, Swiss Bank Accounts, swiss banks annual fee, Switzerland, to open a bank account
Mention Swiss bank account and heads turn and people tend to get more attentive. First thing that comes to mind is filthy rich people. Swiss bank accounts are usually associated with drug and corruption money due to popular media and fictional movies. This lead me into a quest for truth among all the myths surrounding Swiss bank accounts. It was only a matter of understanding Swiss people and their legal and banking system. All myths evaporated as facts came forward to clear the mist. let me share what I found about Swiss bank accounts.
Only millionaires can have Swiss bank accounts
This is most popular of the myths. It is not true that Swiss Accounts are only for very rich people. In fact most of the people holding Swiss Bank accounts are not leading industrialists or movie stars. It is everyday people. businessmen, IT professionals, engineers, doctors and government employees etc. Gone are the days when Swiss bank accounts were only for rich.
Barrier to entry are considerably low. Minimum amount to open an account in Swiss Bank is just 5000 Swiss Franc. There are even Swiss accounts available where you don’t need to maintain a minimum balance.
Read the full story
