Your questions-Ours answers
 

Will I be taxed in the country of my account ? How much if it is the case ?
This account belongs to a non resident person (natural person or body corporate in the case of a company) in the country of the account. Thus, there is no tax on deposits. However, on interests paid by your bank, 30% are deducted and deposited to your native country, keeping your name secret.

 

Do I get benefits from using my credit card ?
If you travel abroad, this card will be useful to pay your purchases. However, this card is nominative and we adivse you not to use this one in your living country.

 

What is the minimum amount that I have to leave on my account ?
You have to respect the minimum balance imposed by the banking partner, indicated at the beginning, that is to say, between € 500 and € 2,500, according to the bank.

Are there any managing fees on my personal account in Switzerland ?
For your current account : free or charge
For your savings account : free of charge
For Internet Banking : free of charge
For banking cards : learn more
To deposit cheques : about 5 CHF /cheque

   

How can I close my account ?
This kind of account is randomly closed by the holder. But if you want to close it, the process is simple: You can directly go and see your account manager, or more simple, write him a letter. This process is free of charge.

If I died, what is going on for my children ?
If you gave them a proxy voting, the account will not be closed (under condition that the bank ignores that). If your heirs are aware of this account as well as access codes (deposit account), they can make transfers to get back funds.
But, if your account is known by your notary public, or if it appears on your testament, the Bank will deposit funds to your heirs, on the notary public request or presentation of the inheritance proof.
   

If I would like to pay my provider by transfer, what do you advise me ?
If the provider is located outside of your living country, you can make the transfer by Internet Banking-on condition that, you get his IBAN code and BIC.
If this provider is located in your living country, we advise you against to make a transfer, but pay him by cash.

 
Will my account be paid ?
Yes, your current account is twined with your paid saving account. You can leave on this account amounts not immediately used. This saving will be paid but stay available in need without any minimum limit.
   

When and how can I provide a proxy voting on my account ?
You can give a proxy voting to one or several persons, on condition that, they are over 18 and they provide same identity document as you..

This proxy voting can be provided during the account opening, or whenever you want. Procedures are done remote with your banker.

   

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