How to open a bank account in Bank Vontobel AG

Parameter;Details

Year Established;1924 History;The bank was established in 1924 as a brokerage firm. In 1943, the founder’s son joined the business, and by 1960, new divisions had been developed for asset management and private banking. Since 1986, the bank’s shares have been traded on the Zurich Stock Exchange. It adopted its current name in 2000. Today, it operates over 20 branches, including recent openings in Dubai and Singapore. Staff;The bank employs over 1,500 professionals worldwide. Staff members are fluent in major European languages (including English, German, French, etc.). Russian-speaking employees are available Shareholders;The founding family remains among the primary shareholders. Confidentiality and Compliance;The bank fully complies with legal cooperation treaties and fiscal agreements, including: Treaty on Mutual Legal Assistance with the Russian Federation. Double Taxation Agreement. Strict adherence to AML regulations. Active participation in organisations such as the OECD, FATF, Basel Committee, and Egmont Group.

Parameter;Details

Minimum Balance Requirement;The minimum balance is €750,000, potentially increasing to €1,000,000 Permitted Number of Transfers (per month);A maximum of 5 transactions per month Initial Deposit;Equal to the minimum required balance Timeframe to Reach Minimum Balance;The client is expected to make the initial deposit within the first 3 months Payment Execution Time;Transfers are processed within 24 hours after confirmation

Parameter;Details

Outgoing Transfer;0.2% of transfer amount (min EUR 50, max EUR 500). SWIFT confirmation: EUR 20 Incoming Payments;Free of charge Account Maintenance;CHF 2,320/year (includes email service and statement storage) Daily Credit Card Limit;CHF 1,000 Card Insurance Coverage;EUR 20,000 deposit required to support card payments Account Management;Available via fax, phone, and internet banking Banking Services;Full range including private and corporate banking, asset management, investments, lending, Family Office services Credit Cards Offered;MasterCard, Visa, American Express, Corporate Card, Travel Cash Card Statement Storage;Included in annual account fee

Parameter;Details

Personal Visit;Mandatory for account opening Documents Required;Completed forms, passport copy, CV, standard set of corporate documents Business References;Optional, but recommended Meeting With Banker;Account may be opened without a personal banker meeting Entry to Switzerland;Account may be opened without travel Probability of Approval;Generally predictable Business Description;Required, along with explanation of the source of funds