Why open an account through your referral
We are independant consultants. For many non-Swiss
residents, opening of a Swiss bank account seems difficult
because you are not familiar with foreign banking practices,
their reputation, safety record, size and so on. And often
there is a language problem as well. There are over 500 Banks
in Switzerland, all with somewhat different policies and
services and not all accept American clients. Many banks in
fact require you to appear in person.
Clients who establish accounts with Swiss Investment
Bank through referrals by S.I.B.A Consulting will
be subject to regular fees, charges and commissions levied by
the Swiss Investment Bank. Clients who use the services
of S.I.B.A Consulting will not pay any additional fees
for using above services.
Which is the name of the Bank?
For confidentiality reason we give you Bank details and
account opening procedure once you contact us for personal
Swiss Investment Bank we refered is licensed to operate in
Switzerland as an authorized Bank and a Securities dealer. The
full list of Swiss Bank can be found at
Who can open a Swiss bank account?
In principle, anybody can open an account at a bank in
Switzerland. However, banks reserve the right to reject
customers. For example, a bank might refuse to offer banking
services to a so-called "politically exposed person" who the
bank believes would pose too great a reputational risk if he
or she were to become a client. A bank might also refuse to
start a banking relationship if it has doubts about the
origins of the potential client's funds. Swiss banks are
forbidden by law to accept money which they know or must
assume stem from crime.
How can I open an account from my home country?
First of all it must be understood that Swiss banks have very
procedures concerning the opening of accounts, irrespective of
the domicile of the customer. In line with Swiss laws
governing "due diligence", the bank must verify the identity
of the customer on the basis of an official document (e.g. a
Can I open a Swiss bank account entirely via the Internet?
with the Due Diligence Agreement (CDB 03), the bank verifies
the identity of the contracting partner by obtaining a
certified copy of an official identification document (e.g.
passport). The certified copy may be provided by a notary
public or public office that customarily issues such
authentications. The bank also checks the address of the new
customer through an exchange of correspondence.
What questions will the bank ask me?
First of all, the bank’s staff will certainly ask questions to
fulfil the bank’s legal obligations with regard to due
diligence. This will include asking for proof of your identity
and also establishing the identity of the beneficial owner of
the assets if you are depositing funds on behalf of someone
else. The bank's staff might also ask about the origin of the
funds and the nature of your professional business and they
will also want to get an idea of your usual financial
transactions. In order to offer you the best advice, the bank
will also ask about your future plans, for example whether you
intend to buy a house, start a business, retire, etc. If you
are asking the bank to manage an investment portfolio they
will also ask how much risk you are willing to accept. In
short, the more the bank knows about you, the more it can
tailor its advice and service to your individual needs.
Can I open an "anonymous" account?
No. There is no such thing as an "anonymous" account in
Switzerland. Under Swiss law, the bank must know who you are.
Can I open a "numbered" accounts?
Is there a minimum opening deposit?
Does the account have to be in Swiss francs?
No. Banks offer accounts in US dollars, euros and other
currencies besides the Swiss franc.
How much interest will the bank pay on my money?
The Swiss Investment Bank account does not pay interest.
How safe are Swiss banks?
All banks operating in Switzerland must be licensed by the
Swiss Federal Banking Commission (SFBC). The SFBC, which is a
member of the Basel Committee on Banking Supervision,
regulates and supervises all banks in Switzerland according to
the Basel Committee’s standards. These standards cover not
only equity and capital adequacy but also the entire scope of
prudential and behavioural rules. As an additional safety
measure, Swiss law demands capital adequacy standards even
higher than those required by the Basel Accord. Swiss banks
can therefore certainly be counted amongst the safest in the
world. We verify that bank is licensed to operate in
Switzerland from Swiss banking regulator
How “secret” are Swiss banks?
In Switzerland great importance has traditionally been
attached to the protection of an individual’s privacy, and
this has always included financial privacy. Surveys
consistently show that the vast majority of the Swiss people
want to maintain this protection. However, the high level of
confidentiality Swiss banks offer both their domestic and
foreign customers is not absolute and certainly does not
shield criminals. As a matter of principle the rights to
privacy can be suspended when a criminal investigation is
underway. Aim is to protect the privacy of the honest bank
client while exposing criminals to the full force of the law.
FAQ About Offshore Bank Accounts
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