How to Open an Account with Societe Generale Private Banking (Suisse) SA

Parameter;Details

Year of Establishment;1986 History;Established as Banque Cantrade Lausanne SA. Renamed Cantrade Banque Privee Lausanne SA (1993), then CBG Compagnie Bancaire Geneve (1995). In 1998 acquired Cantrade Banca Privata Lugano SA. In 2003 merged with SG Ruegg Bank SA and adopted its current name. Staff;Over 500 employees. Russian-speaking personnel available Shareholders;100% owned by Société Générale Bank & Trust (Luxembourg) Confidentiality;Cross-border legal assistance agreement with Russia signed. Double taxation treaty in place. Fully compliant with Swiss AML laws. Active member of OECD, FATF, Basel Committee, Egmont Group, etc.

Parameter;Details

Minimum Balance;EUR 1,000,000 — must be deposited within 2 years Initial Deposit;EUR 500,000 — may be negotiated individually Deposit Timeline;Within the first 2–3 months after account opening Payment Execution Time;Typically within 2 days of the value date, same-day execution is possible

Parameter;Details

Transfer (EUR 50,000);EUR 36 (within Europe incl. Switzerland), EUR 42 (rest of the world) Incoming Payment (EUR 50,000);No charge Account Maintenance (per year);Account opening — free. Administrative fee covers general account management, number accounts, document storage, etc. Fee is 0.175% annually, min. CHF 300 semi-annually, max. CHF 6,000 semi-annually Account Management;Managed via fax (with client signature), phone, or e-banking Banking Products;Full suite of traditional banking services: deposits, bonds, funds, futures, loans, guarantees, etc. Credit Cards;Visa, MasterCard, American Express — in EUR, USD or CHF Statement Storage;Included in the administrative fee

Parameter;Details

In-Person Visit;Mandatory personal meeting with a bank representative Required Documents;Passport, bank-provided forms to verify client identity and activity. For corporate accounts: corporate documents and passports of key persons Account Types;Savings (investment) accounts only Due Diligence;Possible to open account without traveling to Switzerland Account Opening Probability;Predictable Activity Description;Moderately detailed: includes business description and clear identification of source of funds