Swiss bank account

g.c

Active Member
Joined
Jun 6, 2011
Messages
33
Hi all, who can help me with the opening of a swiss bank account? At least an explanation of different account type also with not too big of an initial deposit.

Point me in the right direction, a company name, phone number, etc...

Much appreciated.
 

Pitbull

Verboten
Joined
Apr 8, 2006
Messages
63,439
Hi all, who can help me with the opening of a swiss bank account? At least an explanation of different account type also with not too big of an initial deposit.

Point me in the right direction, a company name, phone number, etc...

Much appreciated.

Won't happen unless you go there yourself.
 

Colin62

Executive Member
Joined
Apr 23, 2008
Messages
8,263
But if you send me all your details (account no, PIN no etc) I can hook you up with someone who will sort you out.
 

Magnum

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Joined
Mar 12, 2013
Messages
5,657
Its easy opening the account.Google how to open it. The hardest part is the Commissioner of oaths stamp.They don't accept the normal one. Cant find out where to get the one they need.Might be at the embassy though.

As long as you don't deposit your money in Swiss Franc's they don't add tax. So Euro's Pounds and dollars is the preferred currency.
Then you need to invest that currency to get interest.Whereby Franc's gain the normal interest at bank rates.
 

[XC] Oj101

Dealer
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Jun 4, 2010
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4,288
You know they're no longer a tax haven, right? You also know the accounts are no longer anonymous, right? And you know that international transfers will still have all your personal details attached, right?
 

g.c

Active Member
Joined
Jun 6, 2011
Messages
33
You know they're no longer a tax haven, right? You also know the accounts are no longer anonymous, right? And you know that international transfers will still have all your personal details attached, right?

thanks, it is not meant to be a secret account hidden from any tax obligations. more than happy to declare/pay the taxes when bringing money into south africa.
 

g.c

Active Member
Joined
Jun 6, 2011
Messages
33
Its easy opening the account.Google how to open it. The hardest part is the Commissioner of oaths stamp.They don't accept the normal one. Cant find out where to get the one they need.Might be at the embassy though.

As long as you don't deposit your money in Swiss Franc's they don't add tax. So Euro's Pounds and dollars is the preferred currency.
Then you need to invest that currency to get interest.Whereby Franc's gain the normal interest at bank rates.

Do you have some bank names? I will contact the embassy tomorrow to see if they can verify passport/whatever documents the bank needs.
Money paid into the account would be USD.
 

Kalle

Well-Known Member
Joined
Dec 13, 2012
Messages
375
I have an account with UBS for about 20 years. Can definitely recommend them
 

HavocXphere

Honorary Master
Joined
Oct 19, 2007
Messages
33,155
thanks, it is not meant to be a secret account hidden from any tax obligations. more than happy to declare/pay the taxes when bringing money into south africa.
Thats not how SA taxes work...
 

Magnum

Executive Member
Joined
Mar 12, 2013
Messages
5,657
I think the only appeal a Swiss bank account has these days is status.

Not true. If your currency in your country is at risk of collapsing (hmmmm maybe like SA....) The Swiss banks do provide refuge. And they supply credit card facilities linked to your Swiss account, and your funds is internationally available.
 

JayM

Expert Member
Joined
Oct 30, 2005
Messages
3,462
Not true. If your currency in your country is at risk of collapsing (hmmmm maybe like SA....) The Swiss banks do provide refuge. And they supply credit card facilities linked to your Swiss account, and your funds is internationally available.

Why specifically Swiss? You can get such a multi-currency account from many different banks.
 

Magnum

Executive Member
Joined
Mar 12, 2013
Messages
5,657
Why specifically Swiss? You can get such a multi-currency account from many different banks.

Most require to be linked to your current south African bank account. The Swiss are very serious about their business and is the most professional banking entity in the world.
 
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