When you consider Swiss bank accounts, words like the secret, watched, rich and mysterious, ring a bell. What many don't know is that Swiss banks are much the same as any bank in the world. Here are a few myths which should be broken about Swiss banks and banks accounts
*If you're filthy rich then swiss banks will be at your assistance
Nothing is more distant than reality. The greater part of a Swiss bank's customers is not significant producers, movie stars or heir of businesses, however ordinary individuals like you and me. You can open a Swiss bank account with a store of just 5,000 Swiss francs. Swiss banks even offer accounts with 0 or no balance.
*No interest on cash invested
Completely off-base! Much the same as some other bank, Swiss banks additionally have many investment options, for example, commodity and derivatives, funds, bonds, stock, so on and so forth. Swiss bankers are among the best finance managers on earth, so it does not shock anyone that they oversee more than 35% penny of offshore holdings or possessions. Also, attributable to an exceptionally reliable financial dependability in Switzerland, your cash is greatly improved taken care of here.
*Swiss banks act as financial havens to criminals
no rumour can beat this one. Be that as it may, for individuals who are unaware of this fact, Swiss bank account have exceptionally stringent strategies on who puts cash in the bank. Most by far of Swiss bank account holders are individuals with great honesty who need to keep their savings in a nation eminent for its dependability. Swiss banks are very mindful with respect to government officials like that of politicians for instance who wish to open a record and they deliberately won't acknowledge any cash that is of an arguable origin.
*Numbered accounts ensure secrecy and anonymity
There is no such thing like anonymity in Swiss banking technologies. Then again, there are extremely strict principles over customer-banker confidentiality which guarantees that the number of fraudulent transactions that can occur with your record is insignificant. Be that as it may, the identity details of numbered accounts are available and can have access to, though just to the bank manager and a couple of select individuals.
*Swiss financial balances must be opened face to face
Much the same as some other international bank, Swiss bank accounts can be opened through correspondence as long as you follow their opening methods and procedure and give the bank the important reports. Additionally, all other banking facilities, for example, Internet banking, phone banking, transfer and charge cards are accessible in the kitty of a Swiss bank's services.
Be that as it may, why would anybody need to open a Swiss bank account in the event that it resembles some other?
Indeed, the the privacy is the answer 'Swiss law disallows bankers to uncover the existence of your account or some other data about it without your assent; apart from in criminal procedures', risk is generally low (Switzerland has an incredibly steady economy, well-assembled financial system and foundation for many years and hasn't been at war with some other nation since 1505) and then the returns (Swiss bankers are all well skilled in contributing, investing and expertise to grow your cash) highlights of Swiss accounts.
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