The cost of opening an account: From 590 EUR

General information

Name:LGT Bank (Austria) Ltd
Country:

Austria

Official site:www.lgt.com
Faunded:2 007
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.
Employees:There are approximately 1,900 people in the personnel of LGT, 100 of whom are the employees of the Austrian branch. 8 people work in the Eastern Europe Client Relations Department, and everyone speaks Russian.
Shareholders:100% shareholder of LGT Bank is Princely Family of Liechtenstein. Most of the funds of the foregoing family are deposited in LGT Bank
Security:Agreement on the avoidance of double taxation was concluded; AML legislation is strictly observed; Active membership in the OECD, FATF, Basel Commitee, Egmont Group, and others.
Presentation:

Unternehmensportraet Group LGT

Account

Terms of opening for admission (days):10
Opening terms for cancellation (days):10
Recommendations:Not required
Description of activity:Detailed
Account type:Savings
Types of accounts:Personal; Corporate; Savings
Departure to the bank:For the purpose of opening an account visiting the bank is not mandatory, the account can be opened remotely. However, meeting with the personal manager should be held within 3 months. The representative of the bank visits Moscow 1 time per month
Required documents:Copy of the passport. For legal entities - standard set of documents, depending on the jurisdiction of the country
Account opening, probability:Calculated and perceived
Particularities during account opening:Opening an account is possible without entering the country of the bank; Opening an account is possible without necessity to visit a professional introducer

Rating

Rating in the world:601
Country Rating:1
Rating on loans:A+

Terms

Balance, minimum:300 000 €
Limit of transfers (per month):3
An initial fee :150 000 €
Term of contribution (months):3
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

Services and costs

Cost of translation: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
Cost of enrollment:Crediting payments is free of charge
Cost of account maintenance:Opening an account - 200 EUR. Account Services - EUR 60 quarterly. Account Closure - 200 EUR
Credit card restrictions:Depending on the type of card issued, there are four possible levels of payment limits: 5000, 15 000, 30 000 and 50 000 EUR
Insurance for credit cards:It is common practice to block the amount equal to double limit. However, it is possible to release the card when the balance is 300 000 EUR
Access to the account:Telephone, fax, e-mail - with the codes or without them (upon request of the client). Internet-banking - view mode only
Bank services:Opportunity to invest in the portfolio of Princely Family. Discretionary (trust) asset management, individual financial planning, advice on all investment instruments and property management, estate planning. Consultations on art and charity. The bank offers loans to purchase real estate in Austria (terms are being negotiated individually)
Bank cards:Visa and MasterCard. Such cards as Platinum and Centurrion Black Card are possible (if the account balance amounts to more than 1 million). Issue of the card costs 100 EUR. Cost of service is EUR 50 quarterly
Cost of extracts storing:Free of charge, included in the cost of service
Download Tariffs:

Fee Schedule LGT

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Select Bank's name sort descending Price of account opening Established
Anglo-Austrian Bank from 690 EUR 1923
Benduro Bank (Austria) AG from 550 EUR 1890
Credit Suisse (Austria) AG from 690 EUR 1856
Deutsche Bank (Austria) AG from 590 EUR 1989
Erste Bank AG from 690 EUR 1819
Euram Bank AG from 690 EUR 1999
Kathrein Privatbank from 590 EUR 1924
LGT Bank (Austria) Ltd from 590 EUR 2007
Raiffeisen Bank International AG from 590 EUR 1898
Vorarlberger Landes und Hypothekenbank from 590 EUR 1897
Wiener Privatbank SE from 590 EUR 1981