Swiss Bank Account Guide
Written by Anthony Connolly   
Tuesday, 01 June 2010 07:27
Swiss Banks have the well deserved reputation of having one the most professional, safest, and discreet banking systems in the world. If you open a Swiss bank account, your banker is bound by law to never disclose even the existence of your account without your consent. If they should ever violate the law by permitting any details concerning an individual's account being passed on to another party, immediate prosecution would begin by the Swiss public attorney. The banker could receive up to six months in prison as well as a very hefty fine. Not only that, the damaged party would still have the option of suing the bank for damages. No banker wants this, so it is almost unheard of for something like this to happen. The privacy and confidentiality of your account at a Swiss bank is something you can feel very comfortable with.
by AnthonyConnolly


Swiss Banks have the well deserved reputation of having one the most professional, safest, and discreet banking systems in the world. If you open a Swiss bank account, your banker is bound by law to never disclose even the existence of your account without your consent. If they should ever violate the law by permitting any details concerning an individual's account being passed on to another party, immediate prosecution would begin by the Swiss public attorney. The banker could receive up to six months in prison as well as a very hefty fine. Not only that, the damaged party would still have the option of suing the bank for damages. No banker wants this, so it is almost unheard of for something like this to happen. The privacy and confidentiality of your account at a Swiss bank is something you can feel very comfortable with.

A lot of people think that only the very wealthy can have a Swiss bank account, or someone who is trying to hide illegally earned money. Although some banks do have a minimal deposit, anyone can have a Swiss bank account. There are many people who just for safeties sake, like to have some money put aside in case of a financial emergency. For instance, if someone has some sort of legal suit filed against them that could financially wipe them out, they have private funds available that no one knows about but them. It never hurts to have assets that are protected from a legal attack. There are companies you can contact such as swissprivatebank.com if you feel you are in a vulnerable position.

The code of privacy that Swiss banks are known for is nothing new. Their code of secrecy started 300 years ago, and has only grown legally stronger since then. Switzerland holds a huge portion of the world's wealth thanks to their banking polices, and they do not want to take any kind of actions that might jeopardize their reputation of unparalleled privacy.

Although Switzerland has a huge number of retail banks, they also have many financial institutions known as private banks. Although some of them will take deposits of one hundred thousand dollars, most of them prefer to provide services to those with liquid assets of one million dollars or more. Most of these institutions give very personalized service to their clients, including money management and estate planning.

It is not a simple task to open an account at a private Swiss bank. Many of them require recommendations from current clients. However, there are companies such as swissprivatebank.com that can you can consult if you feel you are interested in opening a Swiss bank account. They have the knowledge you need to help you get in contact with a bank that best suits your individual requirements.

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Want to find out more about Swiss Bank Accounts, then visit this site on how to choose the best Swiss Bank Account for your needs.