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Union Bancaire Privee, UBP SA

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Cost of account opening
от 990 EUR
Open an account

General information

Name
Union Bancaire Privee, UBP SA
Country

Switzerland

Official web-site
www.ubp.com
Bank 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
World rating
697
Country Rating
21
Founding date
1969

Account Opening Terms

Recommendations
Not required
Description of activity
Detailed
Account type
Savings
Minimal turnover
0
Accounts types
Personal; Corporate; Savings; Settlement
Required documents
Set of corporate documents, copy of the passport. Letters of recommendation are not necessary, but expected
Transaction speed
1-2 days
Minimum balance
400000
Limit of transfers (per month)
5
Initial founding fee
400000
Account opening nuances
Opening an account is possible without entry into the country of the bank; Opening an account is possible without a meeting with the banker
Account opening, possibility
Calculated and perceived

Cost and nuances of account maintenance

Translation cost
30 Swiss francs (not including tariffs of correspondent banks)
Enrollment fees
0.5% - fee for cash withdrawals
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