How to Open an Account with Schroder & Co Bank AG

Parameter;Details

Established;1804 History;Schroders traces its roots back to 1804 when Johann Heinrich Schröder became a partner at J. F. Schröder & Co, a London-based firm founded by his brother Johann Friedrich Schröder in 1800. By the early 20th century, Schroders had become one of London’s leading banks. Today, the financial group operates 38 offices across 28 countries in Europe, the Americas, Asia, and the Middle East. Staff;Bank personnel speak English, German, French, Italian, Spanish, Arabic, Polish, and Russian. Shareholders;Schroders shares are publicly traded on the London Stock Exchange. The Schroder family has remained the main shareholder for over 200 years. Confidentiality;Legal assistance treaty with Russia signed, double taxation treaty signed, full AML compliance, active member of OECD, FATF, Basel Committee, Egmont Group, etc.

Parameter;Details

Minimum Balance;No fixed requirement, but the bank prefers clients with assets from CHF 10,000,000. Monthly Transfers;The bank is not a transactional bank, accounts are primarily intended for asset management. Initial Deposit;None.

Parameter;Details

Transfer Fee (EUR 50,000 equivalent);CHF 5 for CHF transfers. EUR transfers – 0.10% (min. CHF 30, max. CHF 100), other currencies – 0.20% (min. CHF 30, max. CHF 200). Incoming Payment Fee;Free of charge. Account Maintenance Fee;CHF 2,000 annually. Account Statements;Mail storage service – CHF 500 annually. Banking Products;Schroders is a global asset management firm focused exclusively on investment solutions.

Parameter;Details

Bank Visit;A personal meeting with a bank representative is mandatory. Required Documents;Completed bank forms, client passport copy, client résumé, standard corporate documents. Account Types;Savings Procedure & Due Diligence;Account can be opened without physical entry into the bank’s country. Likelihood of Account Opening;Predictable Business Description;A reasonably detailed description is required, including business activities and the origin of funds to be deposited.