The cost of opening an account: From 690 USD

General information

Name:Meinl Bank AG
Country:

Austria

Official site:meinlbank.com
Faunded:1 923
History:In 1923, Julius Meinl II founded the association called “Mutual Credit Society friends and employees of JSC Julius Meinl”. In 1979, Mutual Credit Society merged with the the banking house of BRUNNER & Co into Meinl Bank. In 1983, Julius Meinl V assumed the reins of the Meinl Bank with a vision of transforming it into private and investment bank based on the Anglo-Saxon model. In 1987, Meinl Bank was converted into a corporation. In the same year, the first investment funds: Capitol 1, Capitol 2 and Wall. Street Capital, were launched. Today Meinl Bank is one of the largest private banks in Austria. In early 2013 the bank opened a branch in the Czech Republic (Prague).
Employees:The staff speak English and German. There is Russian-speaking staff (10 employees)
Shareholders:Julius Meinl company owns 40% of shares
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:

Prestation Meinl Bank

Account

Terms of opening for admission (days):5
Opening terms for cancellation (days):5
Recommendations:Not required
Description of activity:Detailed
Account type:Settlement and Savings
Types of accounts:Personal; Corporate; Savings; Settlement
Departure to the bank:Visiting the bank is not required. Bank representative is in Moscow within two weeks during the month
Required documents:Filled in bank forms; copy of the passport of the client; CV of the client; standard package of corporate documents. For the companies registered more than a year before, Certificate of Good Standing and Certificate of Incumbency are required. For transactions in the amount of more than 50,000 EUR (or equivalent), the Bank requests to submit supporting documents: contracts, invoices, agreements
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 having to visit a professional introducer. Client must invest 100 000 EUR in securities

Rating

Rating in the world:4 371
Country Rating:87
Rating on loans:B

Terms

Balance, minimum:10 000 €
Limit of transfers (per month):100
An initial fee :100 000 €
Term of contribution (months):1
Transaction speed:Payment is carried out on the following day (in urgent cases - on the same day). Cut off Time (Operating hour (Vienna)): for EUR - 14.00; for RUB - 11.00; for USD - 14.00. Urgent payments: cut off time - 15.00 (- 2:00 (Moscow))

Services and costs

Cost of translation:1.Private Banking: fee for outgoing payments does not depend on the amount of payment and is 70 EUR. Transfer fee in USD - 100 USD. SWIFT Confirmation - 25 EUR. Surcharge for urgent payments - 20 EUR. Fee for withdrawal of funds from the account in cash - 1%. For transactions of more than 50,000 EUR (or equivalent), the Bank requests to submit accompanying documents: contracts, invoices, agreements. 2. Settlement Bank: 0.15% of the amount transferred with no upper limit
Cost of enrollment:Fee for incoming payments does not depend on the amount of payment and is 70 EUR
Cost of account maintenance:Fee of the bank for opening the bank account is 1000 EUR. Account maintenance fee equals to 250 EUR (quarterly) and includes: free payments (SEPA) throughout the EU; free outgoing remittances; Free online and telephone banking services; free storage of statements and receipts in the bank. Fee of the bank for opening bank account and for the first year of maintenance (that is equal to 2 000 EUR) is paid at the time of account opening
Credit card restrictions:Payment limit has no restrictions. Minimum payment limit per month is 10 000 EUR
Insurance for credit cards:The amount equal to double monthly limit is blocked on the account. For example, if the amount of the limit is 10 000 EUR, blockable amount is EUR 20 000
Access to the account:Clients of the bank are able to manage their accounts through Internet banking (using TAN codes, transmitted in the table). Internet Banking is available in Russian, and the fee is included in the account maintenance fee. However, payment instruction asynchronously falls within the payment system, only after repeated entering and administration by the bank officers
Bank services:The Bank offers various means to invest capital, which include, along with regular direct investment, also individual management of investment fund, securities and management of funds owned by the third party (the client)
Bank cards:Visa, MasterCard
Cost of extracts storing:Fee for urgent provision of statements and documents equals to 100 EUR. Banking recommendations - 100 EUR. Provision of detailed financial statements - 100 EUR
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Services and Fees Corporateand Private Clients Meinl Bank

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