How to Open an Account at HSBC Private Bank (Suisse) SA

Parameter;Details

Year of establishment;1988 History;The HSBC Group was founded in 1865 in Hong Kong as “Hong Kong and Shanghai Banking Corporation Ltd”. On 1 February 1988, Republic National Bank of New York (Suisse) SA was established. In 1996, it acquired Banque Unigestion SA (Geneva). On 5 January 2000, the name was changed to HSBC Republic Bank (Suisse) SA. On 11 April 2001, HSBC Bank (Suisse) SA took over all assets and liabilities of HSBC Republic Bank (Suisse) SA and became the new legal entity. Today, the bank operates over 80 offices across 36 countries in Europe, Asia-Pacific, the Americas, the Middle East, and Africa. Staff;Russian-speaking staff available Shareholders;100% owned by HSBC Private Banking Holdings (Suisse) SA (Geneva, Switzerland) Confidentiality;Treaty on legal assistance with Russia signed, double taxation agreement signed, strict AML compliance, active member of the OECD, FATF, Basel Committee, Egmont Group, and others

Parameter;Details

Minimum balance;EUR 5,000,000 Initial deposit;Equal to the minimum balance Deposit timeframe;Determined on a case-by-case basis Payment execution;Same-day processing

Parameter;Details

Outgoing transfer (€50,000);Only SWIFT fee charged (~EUR 25), brokerage and custody fees are negotiated individually Account maintenance (€/year);CHF 900 annually Account management;Fax, email, voice communication, and Internet banking Banking products;Fiduciary deposits, lending and structured finance, custodial services, investment advisory, discretionary portfolio management, alternative investments, fund selection strategy, family office services, corporate finance, European mortgage lending, collateralized credit, insurance solutions, and full advisory service Credit cards;Visa, MasterCard, American Express, Sw Cash

Parameter;Details

Bank visit;A personal meeting with a bank representative is mandatory Required documents;For personal accounts: completed bank form, brief biography, passports, reference letter from the current bank. For corporate accounts: completed bank form, company activity description, passports of beneficiaries, Form A, apostilled documents (certificate of incorporation, articles of association, memorandum of association, power of attorney, board resolution appointing the director) Account types;Savings Due Diligence procedure;Account can be opened without visiting Switzerland, meeting with a professional introducer is not required Likelihood of approval;Predictable Business description;A moderately detailed description is required, including sources of funds