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Q3. Will my banking be private?
A. Absolutely, the bank follows Switzerland's traditional banking privacy embodied by Swiss banks.
Q4. Can I operate a corporate or personal account?
A. Personal accounts only.
Q5. Can I have a numbered account?
A. Unfortunately, you cannot have a numbered account with this bank, but we can introduce you to a bank outside Switzerland, which can open you a
numbered account. Numbered Accounts information.
Q6. Do I have to declare the opening of an offshore bank account?
A. No. You should follow your domestic law, but in truth, there is little chance of authorities finding such information out unless you choose to
advise them.
Q7. Which currencies can I hold funds in?
A. US Dollars, Swiss Francs, or Euros. The bank offers excellent exchange rates.
Q8. What identification do I need?
A. All you need to open the account is a credit card. 50 units of your currency will be deducted from your credit card and paid into your
account. This is to confirm your identification.
Q9. Can I run accounts online?
A. Yes.
Q10. How secure is online banking?
A. It is worth pointing out that although there have been a number of high- profile scares, as of January 2002, there has not been a single case
of an online saver losing money through cyber-fraud. Online banks use the latest high-tech online security. Online banking uses a variety of
security measures to protect your account and details. One such security measure is the use of secure connections between your computer and the
bank's computer. This involves both computers exchanging security numbers in sequence. The two computers then encode and decode their messages.
When you close the browser, the session is closed and cannot be reopened, until you sign in again. This is very secure.
Q11. What is the minimum balance?
A. There is no minimum balance and there are no minimum or maximum withdrawal amounts.
Q12. What are the running costs?
A. Swiss banks typically have premium fees.....but...this Swiss bank has exceptionally low fees - no fees if you have more than 10,000 Swiss
francs/US dollars/Euros. Otherwise just 3 Swiss Francs a month.
Q13. How do I access my money?
A. You can transfer money in and out of your account to any other account by Wire. You need a bank account in your name to wire into. This is for
your own security. Withdrawals are normally credited to your account within 24 to 48 hours depending on the time of day your instructions are
received. This is not a checking account.
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