LGT Bank (Austria) Ltd

General information

Name

LGT Bank (Austria) Ltd

Country

Austria

Official web-site

www.lgt.com

Bank history

The bank was established in Liechtenstein in November 1920. After almost a century of successful work LGT has opened representative office in Austria in 2004, and in 2007 it established LGT Bank (Osterreich) AG with a full banking license. In September 2012, the Bank was reformed from subsidiary bank into full-fledged branch of LGT Bank in Liechtenstein Ltd in Austria, and nowadays it efficiently operates.

World rating

601

Country Rating

1

Founding date

2007

Account Opening Terms

Recommendations

Not required

Description of activity

Detailed

Account type

Savings

Accounts types

Personal; Corporate; Savings

Required documents

Copy of the passport. For legal entities - standard set of documents, depending on the jurisdiction of the country

Transaction speed

Value date is in 2 days after conducting transaction. Urgent transfer is carried out on the same day (if the request was submitted before cut off time (14:00)). Normal delivery + 2 days. Surcharge for urgent transfer will be charged. EUR - 15.30, USD - 16

Minimum balance

300000

Limit of transfers (per month)

3

Initial founding fee

150000

Account opening nuances

Opening an account is possible without entering the country of the bank; Opening an account is possible without necessity to visit a professional introducer

Account opening, possibility

Calculated and perceived

Cost and nuances of account maintenance

Translation cost

Transfer fee (personal account) is 100 EUR per transaction. Corporate Account: For amounts less than 100 000 EUR - 100 EUR per transaction; for amounts less than one million EUR - 500 EUR per transaction; for amounts less than 5 million EUR - 750 EUR per transaction; for the sum of more than 5 000 000 - 1 500 EUR per transaction

Enrollment fees

Crediting payments is free of charge

Account maintenance cost

Opening an account - 200 EUR. Account Services - EUR 60 quarterly. Account Closure - 200 EUR