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Adam Abdellaoui
Of Counsel
Your consultant
How to Open an Account with Union Bancaire Privée, UBP SA
Date of last update: June 30, 2025
- The bank opens savings (investment) accounts
- Minimum balance requirement: from CHF 500,000
- Account opening time: case by case (check with a consultant)
- A personal meeting with the prospective client is mandatory
- The bank is sensitive to any media mentions of the client
Our formal cooperation with the bank began in 2002, when UBP, owned by the de Picciotto family, acquired another private Swiss bank — DBTC (Discount Bank and Trust Company), owned by the Ricconati family, which had already been present on the Russian market for more than five years.
After the change in ownership, the bank’s policy shifted, and minimum balance requirements were raised, although they remained comparable to other Swiss financial institutions.
Today, UBP continues to have a department working with Russian-speaking clients.
+41 (44) 5152530
General information and rating
- 697
Global ranking - 13
Country ranking - –
Parent bank country ranking - –
Global ranking of parent bank
Minimum Account Requirements
- 400,000
Minimum balance, € - 5 per months
Permissible number of transfers - 400,000
Initial payment, € - 3 months
Deposit period
Fees and services
- 20
Transfer, € (for €50,000) - 0
Deposit, € (for €50,000) - 500
Account maintenance, €/year - 10,000
Credit card payment limit, €/day
Account opening
- Case-by-case
Activation Time (Credit) - Case-by-case
Activation Time (Debit) - Not required
References Required - Saving
Account Purpose
Swiss banks
Bank name
Country
Year of foundation
Account opening procedure
Cost of account opening