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| How much does it cost to open an account with a bank in Switzerland using your introductory services? |
| Opening a Swiss account through us costs only 49.99 Euros, and it is a one time fee. The fee is for our intermediation services, and there is no hidden fee whatsoever.. |
| Can you describe me briefly the opening procedure? |
| The procedure is simple. First you fill in the form from the how to order page.We will then e-mail you back sending you the instructions to wire the 49.99 Euros by Western Union. Upon confirmation that the payment has been made we will pass this information to the Swiss bank. Please note that our services end there and then. Further communications will occur directly between you and the bank. After a few days (one or two weeks, depending on where you live) you will receive an envelope from the bank containing some forms to compile, the terms and conditions of your account, and an envelope to send back to the bank the compiled forms. When the bank receives your envelope, your account will be fully operative. |
| Why should I open an account in Switzerland? |
Switzerland is a stable, neutral country with centuries of democratic |
| Why should I buy Swiss Francs? |
| The Swiss Franc is a currency backed by gold, and is the most stable in the world. |
| Can I deposit money in a currency other than the Swiss Franc? |
| Yes. The account is composed of three sub-accounts: one in Swiss Francs, other in United States Dollars, and other in Euros. You can benefit from the Swiss banking services but in a currency other than the Swiss Franc. |
| Couldn't I just buy Swiss Francs in my country of residence? |
| Yes. You can buy Swiss Francs anywhere in the world. Thus, you'd have your money in a strong currency, but in a not necessarily strong environment. Buying Swiss Francs and keep them in Switzerland is one of the best options agains the weakening US Dollar, or other currencies commonly viewed as "strong". |
| Will my account be stable? |
| Yes. All the accounts are insured by the Swiss Government. |
| Is my privacy really assured with my Swiss bank account? |
| Totally assured. Swiss bank secrecy is regulated by both civil law (including the banking act) and criminal law. Violation of the secrecy can thus be subject to double punishment:prison and fines. |
| Do I need special documents to open a Swiss bank account? |
| No. You will only need a notarized photocopy of your passport, which does not need to be apostilled, and a recent utility bill as proof of dimicile. |
| I am from the United States, can I open an account in USD? |
| Yes. The accounts are multicurrency. They are at the same time in: USD, EUR and CHF. |
| Will I be able to do all banking operations? |
| Yes. All the operations can be done by accessing the bank's web site, trough an intuitive banking interface. |
| Do I need to come in Switzerland in person to open the account? |
| No. You can apply online trough this website. Coming to Switzerland in person is by no means mandatory. |
| Can I send you the necessary documents to open the account? |
| No. Ours is an introductory service. We introduce you to the bank and all the correspondence will be between you and said bank. Usually the opening process is done via regular mail. |
| Can I have a credit card? |
| Yes. Once your account is opened you can request a credit card, should you wish. |
| How much is the minimum deposit for a credit card? |
| The minimum deposit is decided individually, but usually it must be equal to the credit card monthly credit. For example, if your credit card has a 5,000 Euros monthly spending limit, your minimum balance must be 10,000 Euros. |
| Do I have to pay taxes on the money I deposit/invest in Switzerland? |
| There are no taxes on the money you invest or deposit in Switzerland. This refers only to Swiss taxes and we advise you to check with your local fiscal laws to see if you would be liable for taxes in your country upon accounts held in Switzerland. |
| How can I withdraw money from my Swiss account? |
| You can withdraw money from your Swiss account trough a bank transfer (also called tele-transfer, or SWIFT transfer) to a bank account in your country, or using your credit card, or exchanging a check in a local bank or you can come to Switzerland and take the money in person. |
| How can I deposit money in my Swiss account? |
| You can deposit money in person or trough a bank transfer (also called tele-transfer, or SWIFT transfer). |
| Do Swiss banks need a proof of the origin of the funds? |
| This is true only for very big sums, to prevent money laundering. Usually banks will require this kind of proof if you will deposit something like $1,000,000 or more. |
| Can I cash checks? |
| Yes. You can cash checks in person or by mail. |
| Will my account get interest? |
| Yes. Each currency gets its own interest rate in its sub-account. |
| It's possible that the bank will reject my application? |
| Yes. Although remote, the possibility exists. Usually a bank rejects an application only if the applicant is a renowned criminal, or if the applicant if from countries considered "risky," like North Korea, Iraq or Pakistan. |
| Do you offer a money back guarantee? |
| Of course. Should the bank reject your application, we'd fully refund your money. |
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