AFGH Architects, Single-family home, Zurich

Financial Services


Open a Swiss Bank Account at a Private Bank in Switzerland


Private Banks in Switzerland

Private Bank in Geneva


Year of foundation: 1969


Headquarters: Geneva


Offices: Beirut, Brussels, Dubai, London, Hong Kong, Luxembourg, Monaco, Milan, New York, Paris, Singapore, Tel Aviv, Tokyo, Zurich


Rating: AA (Moody’s)


Tier 1 Ratio: 25.6%


AuM: CHF 140bn


Staff: 1,743


Strengths


  • Very strong capitalization


  • Flexible if needed


Weaknesses


  • High account keeping fees and expensive pricing in general


Services and Fees


Yearly account fee: CHF 3,600


Hold mail fee: Free of charge


Online payments: Available


Payments


Free of charge (if entered by client online)


CHF 30 (if entered by bank)


Brokerage / Custody


Bond trade (over $250,000): 0.30% per trade


Equity trade (over $250,000): 0.90% per trade


Custody: 0.20% p.a.


All-in fee: 0.40% p.a. (but there is a separate ticket fee of CHF 150 per trade)


Lending


Lombard lending: Competitive LTV ratios


Residential real estate: Switzerland and Europe


Private Bank in Geneva


Year of foundation: 1844


Headquarters: Geneva


Offices: Berne, Brest, London, Montevideo, Nyon, Paris, Rennes, Singapore, Zurich


Rating: Not issued


Tier 1 Ratio: 23%


AuM: CHF 11bn


Staff: 230


Strengths


  • One of the last authentic Swiss private banks owned and managed by the 5th generation of its founders


  • Flexible and truly client oriented


  • UK Investor Visa Tier 1 portfolio management available


Weaknesses


  • Weak lending position


  • No online banking to execute payments


Services and Fees


Yearly account fee: CHF 800


Hold mail fee: Free of charge


Online payments: Not available


Payments


CHF 20 (but no online banking available)


Brokerage / Custody


Bond trade (over $250,000): 0.40% per trade


Equity trade (over $500,000): 1.00% per trade


Custody: 0.16% p.a. (personal account) | 0.20% (corporate account)


All-in fee: Upon request, but competitive


Lending


Lombard lending: Very weak LTV ratios


Residential real estate: Switzerland via third party


Private Bank in Zurich


Year of foundation: 2018


Headquarters: Zurich


Staff: approximately 50


Strengths


  • Bank for entrepreneurs, their families and their businesses


  • Merchant banking activities include corporate banking, trade finance


Weaknesses


  • Small player, no real estate lending


Services and Fees


Account opening fee: CHF 1,000


Yearly account fee: CHF 2,500


Hold mail: Free of charge


Online payments: Available


Payment Traffic (Swiss company)


CHF 5 (payment in CHF)


CHF 30 (foreign payment under 30,000)


CHF 50 (foreign payment CHF 30,000-100,000)


CHF 300 (foreign payment CHF 100,000-1m)


CHF 500 (foreign payment over CHF 1m)


Payment Traffic (foreign company)


0.1% on turnover (incoming and outgoing payments)


Brokerage / Custody


All-in fee: 0.50% p.a.

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