The cost of opening an account: From 790 USD

General information

Name:Falcon Private Bank AG
Country:

Switzerland

Official site:www.falconpb.com
Faunded:1 965
History:It was founded in 1965 (formerly Ueberseebank AG and AIG Private Bank). Since the beginning of 2009 - Falcon Private Bank was acquired by the Sovereign Fund of Abu Dhabi. In 2011, the London office of Clariden Leu was acquired. The head office of the Bank is in Zurich. The amount of Assets Under Management (AUM) as of June 30, 2013 is 13.9 billion CHF, and the capital adequacy ratio (Tier I) is 18.6%
Employees:Currently, the bank employs 350 persons in offices in Zurich and Geneva (Switzerland), as well as in subsidiary banks in Hong Kong, Singapore and in offices in Abu Dhabi and Dubai. The team of Eastern Europe employs more than 20 employees
Shareholders:Falcon Private Bank is owned by the investment company Aabar Investments PJS, the major share of stocks of which is owned by International Petroleum Investment Company (IPIC) and, ultimately, by the Government of Abu-Dabi
Security:Agreement on legal assistance with the Russian Federation was concluded; Agreement on avoidance of double taxation was concluded; AML legislation is strictly observed; Active membership in the OECD, FATF, Basel Commitee, Egmont Group and others.
Presentation:

Presentation Falcon Private Bank

Account

Terms of opening for admission (days):7
Opening terms for cancellation (days):7
Recommendations:Not required
Description of activity:Detailed
Account type:Savings
Types of accounts:Personal; Corporate; Savings
Departure to the bank:Visit to the bank is not necessary, although meeting with the banker is necessary. Banker visits Moscow once a month
Required documents:Completed bank forms; Copy of the client's passport; Standard set of corporate documents. Consideration of the issue of opening an account occurs immediately. In the case of PEPs, meeting of the Account Opening Committee is required
Account opening, probability:Calculated and perceived
Particularities during account opening:Opening an account is possible without entering the country of the bank

Rating

Rating in the world:2 470
Country Rating:67
Rating on loans:AA

Terms

Balance, minimum:2 000 000 €
Limit of transfers (per month):10
An initial fee :500 000 €
Term of contribution (months):6
Annual turnover (minimum):0 €
Transaction speed:The speed of payment depends on the currency: urgent payment in USD must be submitted by order before 16:00 (Swiss time) for the purpose of payment on the same day. GBP - before 9.00, EUR - before 12.00

Services and costs

Cost of translation:The cost of the transfer (including the urgent one on the same day) is 30 CHF excluding the tariffs of third parties (correspondent banks)
Cost of enrollment:The bank does not charge a fee for crediting
Cost of account maintenance:The cost of maintenance is 1 000 CHF per year. It includes the maintenance of three currency accounts (does not include the storage of statements) and Internet-banking. In the case of ordering investment portfolio management services, All in fee is charged, which varies depending on the size of the portfolio. For portfolio of up to 2 million CHF, the tariff is 1.2%
Credit card restrictions:Payment limit for cards is 10 000 CHF and more
Insurance for credit cards:Insurance coverage is 10 000 CHF and more
Access to the account:There is Internet-banking, which allows both to monitor the state of the account and make payments, without applying for assistance to the bank officer (payments are immediately received for processing)
Bank services:Services for the management of capital, including individual modeling of personal investment portfolio. Premium customers have direct access to the Trading desk. Loan on security of the deposit (95% of the amount, spread - 1%). The Bank adheres to the policy of open architecture/structure, that is offers several own products, but does not limit the choice of the client to access the most profitable instruments
Bank cards:Credit cards of major payment systems. Owners of the Premium Package, that costs 2 000 CHF per year, obtain the card for free
Cost of extracts storing:Keeping of statements costs 500 CHF per year. You can refuse this service when using Internet-banking. Owners of the Premium Package, that costs 2,000 CHF per year, keep statements for free
Chose bank, where you would like to open an account and press "Order"Введите свой номер телефона и ожидайте входящего звонка по указанному Вами номеру,
our Lawyer will contact you and provide answers on all your questions Chose bank, where you would like to open an account and press "Order", our Lawyer will contact you and provide answers on all your questions.
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