Swiss Banks:Why People Deposit Their Money In Swiss Banks
Why Do The Wealthy Deposit Their Money In Swiss Banks In Particular?
Whenever you read news of a bank fraud or a major financial scandal
there is often a Swiss bank involved in the case.
Television and films depict that Swiss banks are bastions of security mysterious castles where identities are hidden and privacy is prioritized above all.
Of course, in real life things do not go this way dramatically
but there are reasons why the wealthy and controversial politicians turn to bank accounts in Swiss banks!
Why do prominent people prefer to deposit their money in Swiss banks?
Swiss banks adopt a secret identity policy
In Switzerland it is illegal for banks to determine the identity of their clients.
If they turn your name over to a foreign investigator or government without much legal reason the Swiss government can sue them for that.
Of course there are exceptions to each rule.
If there is a case brought against a prominent person for drug smuggling
organized crime or insider trading even Swiss banks will take action against you and talk about you.
But in normal circumstances, no one will know your Swiss bank account
If anything happens to your account, you will be fully compensated without asking questions
In some unfortunate situations that result in the loss of your money
such as natural disasters or sudden fire, your money will be completely safe and it will be yours.
This is because the Swiss Banker Association guarantees the security of every affiliate bank account.
banks in Switzerland are backed by the world’s safest currencies
There is almost zero inflation with this coin.
Why is the franc so fixed Well the franc is a very strong currency that’s because
it is backed by at least 40% of the gold reserve at all times banks in switzerland.
A strong economy supports the stability of the country
Not only is the franc constant but all of Switzerland banks have a relatively strong economy.
In other words the international economic conflict rarely has any impact on the Swiss economy.
This means that this is the place Swiss Franc where you can bet on the safety of your money.
Swiss banks are not just for the wealthy
Most people think that only the wealthy can afford to open a Swiss bank account.
But this popular notion is completely wrong.
If you are 18 years old or older and have a valid passport you can probably open an account with a Swiss bank.
Certainly some banks have additional requirements, including proof of income and a minimum deposit.
And yes, there are some Swiss banks for the elite, where the minimum deposit can reach $ 100,000. But there are other banks with a minimum deposit of $ 10,000
Which is considered appropriate for those who wish to deposit a sum of money in the bank. At a Swiss bank, you can be sure your savings are 100% safe.
However, Swiss banks usually charge higher maintenance fees to match high levels of safety.
You should read about all its fees and weigh the costs and benefits before transferring your life savings to a bank in Switzerland.
And remember, many Swiss banks do not serve US customers at all. Your odds are better in a private bank, but private banks tend to have more stringent requirements for applicants.
The most important banks in Switzerland, where you can safely deposit your money!
Are you looking to open an account with a Swiss bank? Many Swiss banks do not accept applicants from the United States, but there are exceptions to this rule. If you want to protect a Swiss bank to manage your wealth, here are the best:
Swiss Federal Bank UBS
The largest bank in Switzerland, with a large global presence. For a US citizen residing in the United States, he must contact the Financial Advisors Section before opening an account with UBS.
Credit Suisse Group
A leader in the financial services industry, Credit Suisse Group advises its clients on all aspects of financing.
It also provides accounts for individuals and companies, and provides an easy package for startups, which allows your company to maintain a “5 francs” account per month.
Julius Bayer Bank
A private bank in Switzerland that caters to the very wealthy.
Opening an account with Julius Haier Bank can be very stressful and requires a great deal of paperwork, but their privacy and security policy and long-term customer relationships are unparalleled.
EFG International accepts both individual and corporate clients, and offers a range of financial advisory, wealth management and e-banking services solutions.