The cost of opening an account: From 990 EUR
The cost of opening an account: From990 EUR

General information

Name:Union Bancaire Privee, UBP SA
Country:

Switzerland

Official site:www.ubp.com
Faunded:1 969
History:It was founded in 1969 by financier Edgar de Picciotto. To date, the family de Picciotto have been leading the bank's board for more than 40 years. The Bank is an active participant of the market and has carried out a number of transactions for the acquisition of existing financial institutions in Switzerland, the last of which is the purchase of the Swiss branch of the bank ABN Amro. Assets under management comprise more than 60 billion Swiss francs. UBP was founded in March 1990 as Union Bancaire Privee upon the merger of TDB American Express Bank (founded in 1956) and Compagnie de Banque et d Investissements (founded in 1969). In April 1992, it changed the name into Union Bancaire Privee. In June 1993, it acquired Cambio + Valoren Bank. In December - Nordfinanzbank. In June 2001, it merged with Nordfinanz Bank Zürich. In June 2002 - with Discount Bank and Trust Company (founded in 1952). In December 2009, it changed its name to the present one. In December 2011, it merged with ABN AMRO Bank (Switzerland) AG
Employees:There are more than 1,400 employees in the bank. The bank has 7 Russian-speaking employees
Shareholders:CBI Holding SA (Geneva Switzerland) - 100%
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 UBP

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; Settlement
Departure to the bank:It is not necessary, but meeting with the banker is expected, including during the visit of the banker to Moscow, which occurs on average once a month
Required documents:Set of corporate documents, copy of the passport. Letters of recommendation are not necessary, but expected
Account opening, probability:Calculated and perceived
Particularities during account opening:Opening an account is possible without entry into the country of the bank; Opening an account is possible without a meeting with the banker

Rating

Rating in the world:697
Country Rating:21
Rating on loans:N/R

Terms

Balance, minimum:400 000 €
Limit of transfers (per month):5
An initial fee :400 000 €
Term of contribution (months):3
Annual turnover (minimum):0 €
Transaction speed:1-2 days

Services and costs

Cost of translation:30 Swiss francs (not including tariffs of correspondent banks)
Cost of enrollment:0.5% - fee for cash withdrawals
Cost of account maintenance:500 Swiss francs per year
Credit card restrictions:The client determines the payment limit himself. It is usually between 10 000 and more, but there is a limit on cash withdrawals in Switzerland: not more than 1 000 Swiss francs per day
Insurance for credit cards:Bank blocks the amount equal to the monthly payment limit on the account. 1% per year - maintenance of insurance coverage. Credit cards are issued if the amount on the account is in excess of 300,000
Access to the account:Passive system of monitoring the account via Internet. Account management is impossible. However, system maintenance is free of charge
Bank services:The entire range of investment banking products (ranging from deposits and ending with hedge funds). Commercial banking products are produced in limited
Bank cards:All major payment systems, including Travel Cash Card (TCC) (nameless card to withdraw cash and for restricted cash payments)
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Services & Fees UBP

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