Get all the swiss bank account advantages when you open a savings, current or any type of account with one of the best and safest bank in the world.
So right on this post or article , i will discuss the main swiss bank account advantages, reason you should open a savings account with them, and not only that but also the disadvantages of opening accounts with swiss bank.
What is Swiss Bank
According to Wikipedia, is an investment bank and financial services company located in Switzerland. Founded in 1854, whereby six private banking firms in Basel, Switzerland, pooled their resources to form the Bankverein, a consortium that acted as an underwriting syndicate for its member banks.
You may be wondering why top business men and women and even countries bank their money in the swiss bank, the reason is because swiss Banking System is the most secure in the world. In the implausible event of a collapse of the banking system the holder`s funds are backed in full by the Swiss Bankers Association depositors agreement.
Security, the number one reason or advantages of saving money in the swiss account. Lets look at the rest of the swiss bank account advantages;
Swiss Bank Account Advantages
Number one advantage is security. Swiss bank account is well secured that you rarely hears cases of fraud or fraudulent activity with the bank. They are so strict and well disciplined with money transaction and any fraudulent activity is being reported to the bank immediately without time wasting.
Privacy is another swiss bank account advantages. You may wonder why politicians go this bank to open an account, the result is because of privacy. When you open an account with them, you can transfer millions or billions of money into your account, no one will question you about the money or try to let the public know the huge amount that you have been pushing into your account. But in the case that anti corruption organization are up against you, swiss bank don’t waste time in helping out.
3. Good Economy
Good and stable economy matters in country, and Switzerland is among the best country with good economy. There economy is so good that you wouldn’t fear of inflation occurring in the country.
4. Good reputation factor
Another huge swiss bank account advantages is good reputation factor. Anyone who has an account with UBS or another internationally recognized private bank in Switzerland will immediately benefit a far higher reputation in the international business world. He is immediately accepted as a party to a major international transaction or with an exclusive private banking club deal. The counterparty may assume that the Account Holder has successfully passed the rigorous Due Diligence (KYC) Checks and that the money is 100% clean. He automatically becomes a reliable member of the international business community.
If an entrepreneur needs a standby letter of credit (SBLC) for a commodity transaction, the value of a financial instrument issued by UBS or any other Swiss private bank will always be accepted. An entrepreneur who owns a UBS bank account is welcomed everywhere. Since all major international business partners are likely to have an account in Switzerland as well, such transactions with Swiss bank accounts are faster than all other banks around the world.
5. Diversification of currency risk
Holding foreign currencies is a great way to diversify the risks of your portfolio. You can protect your purchasing power and internationalize some of your savings. All Swiss private banks offer accounts in several strong currencies that are easily managed through an online banking platform. Most banks in the world do not offer multi-currency accounts. Besides all this, you can save a portion of your assets in Swiss Francs which has proven to be the most stable currency in the last 200 years.
6. Private Wealth Management with Top Private Bankers
Swiss private banks are world leaders, especially in classical portfolio management. Anyone who wants to increase their assets consistently, in the long run, needs an exclusive private bank and, above all, a top banker for personal private banking services. Top bankers, however are always busy. They only accept customers on specific recommendations. We can introduce you to such top bankers, who can prove their past performance and don’t lose their nerves in turbulent market situations.
That’s all i’ve on swiss bank account advantages, you can do us favor by adding more to this thanks.