“10 Reasons for Swiss Bank Account Opening.”
Ex-UBS Lawyer reveals the truth!

“The choice of a bank, around the corner at home, or a secure private bank in Switzerland can make the difference between losing your assets overnight or protecting them for generations to come.”

In addition to the top 10 Benefits offered by a Swiss bank account opening, you will receive an Offshore Banking & Financial Survival Kit full of applicable Insider Information. Discover the secrets of what only a few dare to say in the public: Where & How the Rich and Famous invest their money safely. 30% of worldwide assets are invested with Swiss banks. Don’t be naive and relay on the supposedly safe advice of your banker at home!

“Discover the hidden risks of your domestic banking system!”

Did you know that your home bank will take away your assets in order to save themselves from going bankrupt? The Offshore Banking & Financial Survival Kit “It’s a must-read for all smart international businessmen and women who don’t want to lose all their assets overnight!”

ATTENTION:

This is the most important information on Swiss bank accounts in the internet. We strongly recommend reading this blogpost carefully in order to avoid the most common 3 mistakes with Swiss banks:
Choosing the wrong bank, dealing with a bonus-driven banker and investing in high-risk products
These can wipe out your savings overnight!

Autor: Enzo Caputo
Banking Lawyer since: 1986

Position: Founder & CEO of the
Boutique Law Firm Caputo & Partners


Swiss Bank Account – 71 Frequently Asked Questions (FAQ)
Every day, our international investment community is asking questions on the mystical Swiss Bank Account. We collected the 71 most Frequently Asked Questions (FAQ) from all over the world. We have revealed all the secrets around the Swiss Bank Account answering the 71 questions.

Please find subsequently our 71 answers to the most Frequently Asked Questions (FAQ) in connection with a Swiss Bank Account.

( 1) Are Swiss bank accounts still secret?
More than 100 countries signed the agreement for the Automatic Exchange of Information (AEOI). The Swiss banks will disclose bank account information for tax purposes to your country of residence. Except for tax purposes, the banking secrecy laws and the very severe data protection laws are still in force.

( 2) Are Swiss bank accounts illegal?
As long as you fulfil the tax reporting obligation a Swiss bank account is 100% legal.

( 3) Are Swiss bank accounts legal?
Swiss bank accounts are legal as long you accomplish your tax reporting obligations in your country of residence.

( 4) Are Swiss bank accounts safe?
Yes, Swiss banks are considered to be the safest banks in the world. The Tier One Capital Ratios of Swiss banks are very high compared to banks in other countries. Check the Best Private Bank List Swiss Private Bank Directory.

( 5) Are Swiss bank accounts insured?
Swiss bank accounts are insured until CHF 100’000. Zürcher Kantonalbank guarantees 100% of the account balance in cash. If your money is invested, for example in shares and bonds, your investments are fully protected. In case of a bankruptcy you have the benefit of excussion (Lat. beneficium ordinis seu excussionis). The Swiss law allows you to take your investments out of the bankruptcy procedure.

( 6) Are Swiss bank accounts legal for US citizens?
Yes, as long US citizens are fulfilling their tax reporting obligations with the FBAR-Filing with IRS everything is legal.

( 7) Are Swiss bank accounts taxed?
A Swiss bank account is not taxed. The income collected with a Swiss bank account is subject to ordinary taxation in your country of residence; not in Switzerland.

( 8) Are Swiss bank accounts private?
Yes, Swiss bank accounts are very private. Bankers who disclose bank information are committing a criminal offence. They will face jail-time for having infracted the Swiss banking secrecy rules.

( 9) Why are Swiss bank accounts so popular?
Swiss bank accounts are very popular because of Hollywood movies and the 200 years of successful Swiss banking history. During the last WWII, Swiss banks protected the assets of many families escaping from the Nazis. Swiss bank account means the best asset protection in the world. More than 30% of all privately held offshore assets are invested with Swiss banks in Switzerland.

(10) Why are Swiss bank accounts untraceable?
Swiss banks accounts are difficult to trace because of the very severe banking secrecy laws. A banker will not disclose the banking information of his clients because the disclosure represents a criminal offence according to Swiss law. Privacy and financial affairs are very close. The Swiss mentality keeps financial affairs secret. It’s based on a very long tradition in Switzerland. Since centuries, Swiss banks in Geneva acted as the safety box for the French kings financing the wars in the French colonies for “La grande Nation”.

(11) What is Swiss bank account interest rate?
A Swiss bank account is maintained as a multi-currency account. An account in Swiss Francs will offer a very low-interest rate, sometimes even negative interests. On the other hand, the Swiss currency is one of the strongest currencies of the world. Swiss Franc accounts offer protection against devaluation and inflation.

(12) How secure are Swiss bank accounts?
Swiss bank accounts are the most secure bank accounts on the planet. The secrecy law