Financial Services

Open a Swiss Bank Account at a Private Bank in Switzerland

Private Banks in Switzerland

Private Bank in Geneva

Year of foundation: 1844

Headquarters: Geneva

Offices: Berne, Brest, London, Montevideo, Nyon, Paris, Rennes, Singapore, Zurich

Rating: Not issued

Tier 1 Ratio: 35%

AuM: CHF 19bn

Staff: 300

Strengths

• One of the last authentic Swiss private banks owned and managed by the 5th generation of its founders

• Flexible and truly client oriented

• UK Investor Visa Tier 1 portfolio management available

Weaknesses

• Weak lending position

• No online banking to execute payments

Services and Fees

Yearly account fee: CHF 800

Hold mail fee:   Free of charge

Online payments: Not available

Payments

CHF 20 (but no online banking available)

Brokerage / Custody

Bond trade (over $250,000): 0.40% per trade

Equity trade (over $500,000):   1.00% per trade

Custody: 0.16% p.a. (personal account) | 0.20% (corporate account)

All-in fee:   Upon request, but competitive

Lending

Lombard lending:   Very weak LTV ratios

Residential real estate:   Switzerland via third party

Private Bank in Zurich

Year of foundation: 2018

Headquarters: Zurich

Staff: approximately 50

Strengths

• Bank for entrepreneurs, their families and their businesses

• Merchant banking activities include corporate banking, trade finance

Weaknesses

• Small player, no real estate lending

Services and Fees

Account opening fee: CHF 1,000

Yearly account fee: CHF 2,500

Hold mail: Free of charge

Online payments: Available

Payment Traffic (Swiss company)

CHF 5 (payment in CHF)

CHF 30 (foreign payment under 30,000)

CHF 50 (foreign payment CHF 30,000-100,000)

CHF 300 (foreign payment CHF 100,000-1m)

CHF 500 (foreign payment over CHF 1m)

Payment Traffic (foreign company)

0.1% on turnover (incoming and outgoing payments)

Brokerage / Custody

All-in fee: 0.50% p.a.