Swiss bank accounts have a long history of excellent personal
service and high levels of secrecy. The Swiss bank accounts
provided by this leading Swiss bank are excellent.
ABOUT THE BANK You can pay earnings, salary, and revenue or in
fact any money into your offshore account by bank
transfer...it's that easy! You can then watch your wealth grow
and when it comes to withdrawing your monies, you can transfer
money whenever you want.
PRODUCTS You no longer do you need to be a millionaire to open
and run Swiss bank accounts. There is just a $50 minimum
balance. There are no fees to Wire money in and low fees ($15)
to transfer money out. You can transfer money in and out of your
account without notice.
This Swiss bank offers FREE offshore currency dealing in US
Dollars, Euros and Swiss Francs.
ACCOUNT HIGHLIGHTS
o Open a Swiss bank account online from almost anywhere in the
world.
o Guaranteed privacy - your details are securely stored.
o Easy access: your money is always available - no notice
required.
o All accounts opened promptly, usually within 7 days.
o Diversification: You can maintain liquidity in three major
currencies: Swiss francs, Euros, and US dollars.
o You can wire money in and out of the account to any other bank
account in the world.
o Free online banking available.
o $50 minimum balance required.
o No minimum or maximum withdrawal limits.
o Attractive interest rates paid on your account on every
dollar, euro or dollar.
o The Bank is a fully licensed Swiss bank (since 1995) and
supervised by the Swiss Federal Banking Commission.
o Safety and security: You get the safety and advantages of a
Swiss bank even if you're not in Switzerland. All communication
is strongly encrypted. Withdrawals only occur to a bank account
in your name.
o No charges for currency dealing or foreign exchange dealings.
o Friendly and approachable Swiss bank.
Q1. Where is the bank located and is it a real Swiss Bank? A.
The bank is a fully licensed Swiss bank (since 1995), supervised
by the Swiss Federal Banking Commission. It is a Zurich-based
Swiss Internet bank.
Q2. How safe is my money in the bank? A. You get the safety and
advantages of a Swiss bank even if you're not in Switzerland.
All communication is strongly encrypted. Withdrawals only occur
to a bank account in your name. Your money is safe in
Switzerland, especially due to three institutions: the Swiss
Federal Banking Commission, the Swiss National Bank, and the
Swiss Bankers Association. The Swiss Federal Banking Commission
is the official Swiss banking authority, which is in charge of
the supervision of Swiss banks. The Swiss National Bank is the
central bank of Switzerland. The Swiss Bankers Association is
the official association of Swiss banks.
Q3. Will my banking be private? A. Absolutely, the bank follows
Switzerland's traditional banking privacy embodied by Swiss
banks.
Q4. Can I operate a corporate or personal account? A. Personal
accounts only.
Q5. Can I have a numbered account? A. Unfortunately, you cannot
have a numbered account with this bank, but we can introduce you
to a bank outside Switzerland, which can open you a numbered
account. Numbered Accounts information.
Q6. Do I have to declare the opening of an offshore bank
account? A. No. You should follow your domestic law, but in
truth, there is little chance of authorities finding such
information out unless you choose to advise them.
Q7. Which currencies can I hold funds in? A. US Dollars, Swiss
Francs, or Euros. The bank offers excellent exchange rates.
Q8. What identification do I need? A. All you need to open the
account is a credit card. 50 units of your currency will be
deducted from your credit card and paid into your account. This
is to confirm your identification.
Q9. Can I run accounts online? A. Yes.
Q10. How secure is online banking? A. It is worth pointing out
that although there have been a number of high- profile scares,
as of January 2002, there has not been a single case of an
online saver losing money through cyber-fraud. Online banks use
the latest high-tech online security. Online banking uses a
variety of security measures to protect your account and
details. One such security measure is the use of secure
connections between your computer and the bank's computer. This
involves both computers exchanging security numbers in sequence.
The two computers then encode and decode their messages. When
you close the browser, the session is closed and cannot be
reopened, until you sign in again. This is very secure.
Q11. What is the minimum balance? A. There is no minimum balance
and there are no minimum or maximum withdrawal amounts.
Q12. What are the running costs? A. Swiss banks typically have
premium fees.....but...this Swiss bank has exceptionally low
fees - no fees if you have more than 10,000 Swiss francs/US
dollars/Euros. Otherwise just 3 Swiss Francs a month.
Q13. How do I access my money? A. You can transfer money in and
out of your account to any other account by Wire. You need a
bank account in your name to wire into. This is for your own
security. Withdrawals are normally credited to your account
within 24 to 48 hours depending on the time of day your
instructions are received. This is not a checking account.
Q14. How long will it take to open an offshore account? A. We
can set up an offshore account in 24 to 48 hours.
Q15. What other products are there? A. There are a range of
investment products including savings and currency dealing. You
can conduct foreign currency transactions between your accounts
by logging on and clicking "Buy and Sell Currencies". These
transactions are free, and you may conduct as many as you wish.
Q16. How can I pay? A. For more information on how to pay click
here
Q17. Which currencies can I pay with? A. At this moment in time
we only accept US Dollars, GBP Pounds Sterling and Euros for our
services.
Q18. Are there any other fees? A. There are no other opening
fees. There are modest fees if you wish to wire funds out of
your account ($15 per Wire). There are no running fees if you
have more than 10,000 Swiss francs/US dollars/Euros. Otherwise
just 3 Swiss Francs a month.
Q19. Can I live outside Switzerland and still have an account?
A. Yes. Most countries are approved.
Q20. What is the credit rating of the bank? A. The bank has been
rated by both the international rating agency, Dun & Bradstreet
(D & B), and the Swiss rating agency, Creditreform. Their D & B
rating is 3A1, with a score of 96 out of 100 (average banking
industry 77). Their Creditreform rating is 190 (100 = highest
rating, 600 = lowest rating).
Q21. Can I conduct stock-exchange transactions via the bank? A.
No
Q22. After I open an account, can I change the name of the
account name? A. For security reasons you cannot change the name
of the account.
Q23. Why do I have to make the first deposit with my credit
card? A. Swiss banking regulations require the positive
verification of each customer's identity, and using a credit
card helps serve that means. Please note you will need to be a
holder of a Visa, Eurocard or Mastercard to order this product
Q24. Why can't I make an opening deposit of more than 50 Swiss
francs, 50 Euros, or 50 US Dollars? A. The bank has set these
limits in consultation with the Swiss Federal Banking Commission
for security and regulatory reasons, and to prevent money
laundering.
Q25. Will the Swiss franc still exist after the introduction of
the Euro in 2002? A. Yes.
Q26. Can I have my salary directly deposited in my Account? A.
Yes. Just tell your employer to wire the money directly into
your Account, using the deposit instructions that you will be
given.
Q27. Is it possible to use the Account for loans? Can I go into
debit on my Account? A. No. you can only withdraw up to the
amount of your current credit balance on your Account.
Q28. Can I use an Account to pay my bills? A. No. Accounts are
not intended for bill paying. You can transfer money only into
one of your Withdrawal Accounts (an account in your name at
another bank). You should consider this Swiss gem a nest egg
account.
Q29. Why can't I send a check or cash? A. The bank doesn't
accept checks or cash in order to keep their costs low and
therefore be able to offer you attractive interest rates and
advantageous conditions.
Q30. Do I have to visit the bank? A. New Swiss banking
regulations that came into effect July 1, 2001, require
customers to appear at the bank in person to verify their
identity within three months of exceeding an account balance of
500,000 Swiss francs or the equivalent, or depositing a
cumulative amount of more than 500,000 within the time period of
one month.
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Offshore Boom
"...easy access offshore banking and asset protection"
http://www.OffshoreBoom.com contact@OffshoreBoom.com
"Learn from the mistakes of others. You can't live long enough
to make them all yourself." - anon.
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About the author:
James is an offshore banking specialist.
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