|
Q14. How long will it take to open an offshore account?
A. We can set up an offshore account in 24 to 48 hours.
Q15. What other products are there?
A. There are a range of investment products including savings and currency dealing. You can conduct foreign currency transactions between your
accounts by logging on and clicking "Buy and Sell Currencies". These transactions are free, and you may conduct as many as you wish.
Q16. How can I pay?
A. For more information on how to pay click here
Q17. Which currencies can I pay with?
A. At this moment in time we only accept US Dollars, GBP Pounds Sterling and Euros for our services.
Q18. Are there any other fees?
A. There are no other opening fees. There are modest fees if you wish to wire funds out of your account ($15 per Wire). There are no running fees
if you have more than 10,000 Swiss francs/US dollars/Euros. Otherwise just 3 Swiss Francs a month.
Q19. Can I live outside Switzerland and still have an account?
A. Yes. Most countries are approved.
Q20. What is the credit rating of the bank?
A. The bank has been rated by both the international rating agency, Dun & Bradstreet (D & B), and the Swiss rating agency, Creditreform.
Their D & B rating is 3A1, with a score of 96 out of 100 (average banking industry 77). Their Creditreform rating is 190 (100 = highest
rating, 600 = lowest rating).
Q21. Can I conduct stock-exchange transactions via the bank?
A. No
Q22. After I open an account, can I change the name of the account name?
A. For security reasons you cannot change the name of the account.
Q23. Why do I have to make the first deposit with my credit card?
A. Swiss banking regulations require the positive verification of each customer's identity, and using a credit card helps serve that means.
Please note you will need to be a holder of a Visa, Eurocard or Mastercard to order this product
Q24. Why can't I make an opening deposit of more than 50 Swiss francs, 50 Euros, or 50 US Dollars?
A. The bank has set these limits in consultation with the Swiss Federal Banking Commission for security and regulatory reasons, and to prevent
money laundering.
Q25. Will the Swiss franc still exist after the introduction of the Euro in 2002?
A. Yes.
Q26. Can I have my salary directly deposited in my Account?
A. Yes. Just tell your employer to wire the money directly into your Account, using the deposit instructions that you will be given.
Q27. Is it possible to use the Account for loans? Can I go into debit on my Account?
A. No. you can only withdraw up to the amount of your current credit balance on your Account.
Q28. Can I use an Account to pay my bills?
A. No. Accounts are not intended for bill paying. You can transfer money only into one of your Withdrawal Accounts (an account in your name at
another bank). You should consider this Swiss gem a nest egg account.
Q29. Why can't I send a check or cash?
A. The bank doesn't accept checks or cash in order to keep their costs low and therefore be able to offer you attractive interest rates and
advantageous conditions.
Q30. Do I have to visit the bank?
A. New Swiss banking regulations that came into effect July 1, 2001, require customers to appear at the bank in person to verify their identity
within three months of exceeding an account balance of 500,000 Swiss francs or the equivalent, or depositing a cumulative amount of more than
500,000 within the time period of one month.
==============================================
Offshore Boom
"...easy access offshore banking and asset protection"
http://www.OffshoreBoom.com
contact@OffshoreBoom.com
"Learn from the mistakes of others. You can't live long enough to
make them all yourself." - anon.
=============================================
James is an offshore banking specialist.
| 
