5 Reasons Why The Wealthy Prefer Swiss Bank Accounts!

Whenever there’s a banking fraud reported or a political scandal, there’s most likely a Swiss bank connection.

Swiss banks are always portrayed as some place where all the loot is kept… a hidden place where everything is kept a secret. Well, not quite…

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Here are five interesting facts about the Swiss bank.

Some of them we bet you didn’t know.

1. The bank will never let the world know you have an account with them.

The reason? They’ll be prosecuted if they do. Such are the rules.

When money is deposited into a Swiss account, the bank is not supposed to even acknowledge that your money is with them. So, unless when there is a case filed against you for drug trafficking, organized crime or insider trading, your money is safe and nobody will know it exists.

2. Should something happen to your money, you’re fully compensated – no questions asked.

In the unfortunate event of a natural calamity or fire, there is full guarantee that your money will be safe and returned in full. No questions asked. Such is the security of the bank and such is the agreement with the Swiss Banker’s Association you make when you open an account.

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3. You’re backed up by the safest currency in the world, the Swiss Franc.

The Swiss Franc is one of the safest currencies available. There is virtually zero inflation with this currency and the currency is backed up by at least 40 percent in gold reserves at all times.

Also, read >  Your Ultimate 2013 Financial Calendar

4. Backed up by Rock solid economy.

Moreover, Switzerland has a pretty rock solid economy which is not affected by any problems that are common to other countries. This is one place you can literally bet your money on!

5. Anyone can open an account – not just the wealthiest.

It’s a misconception that Swiss accounts are only for the super-wealthy–False! The basic requirements for opening an account are that you have to be 18+ and that you should have a valid passport. Some banks may have additional requirements like proof of earnings, and a minimum deposit, but they are not only for the ultra-wealthy.

Which are the top Swiss bank accounts out there?

Many, but here are the top five, just in case you want to open an account.

1. United Bank of Switzerland

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UBS is the largest Swiss bank and has a major global presence. Link here.

2. Credit Suisse Group

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Credit Suisse Group is a world-leading financial services company, advising clients in all aspects of finance, around the world, around the clock. Heck, they have a Google+ page too.

3. Bank Julius Baer

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Bank Julius Baer is another leading private bank in Switzerland focused on mostly wealthy clientèle.

4. Pictet and Cie

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Pictet and Cie is Switzerland’s largest bank catering to high-end clientèle and focused completely on asset management.

5. Cantonal banks

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Cantonal banks are Swiss government-owned commercial banks, which are provided by the canton in which they are based with a guarantee for the assets held there.

So, considering opening a Swiss bank account for your riches yet? 

Wondering how good your bank is? Read about the best and worst banks in the USA and 15 ridiculous ways your bank is ripping you off you probably don’t know about.

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Photo courtesy – Strupler, Fotopedia, Businessweek, Joshua.


  • jack loach

    Swiss Bank
    Accounts.—- July. 2015.

    Is your monies safe
    in these accounts —- definitely NOT.

    Would you get your
    money back if every body decided to withdraw all their accounts –
    NO WAY.

    Economic Experts
    say that there would only enough money to repay 50% of their clients.

    Are you going to be
    in the 50% — that loose your money.– Get it out NOW.

    2012 — – June.
    — Published in Anglo INFO .Geneva.— USA Trust Fund Investors were
    sent false and fraudulent documents by Pictet Bank.Switzerland. in
    order to collect large fees. ( Like MADOFF) —Even after the SEC in
    the USA uncovered the fraud Pictet continued to charge fees and drain
    whatever was left in these accounts. Estimated that $90,000,000
    million lost in this Pictet Ponzi scheme.

    2012 – – – July.
    — De – Spiegel. — states – Pictet Bank uses a letterbox
    company in

    Panama
    and a tax loophole involving investments in London to gain

    German
    millionaires as clients.

    2012
    – – – August —- German Opposition Leader accuses Swiss Banks of
    “organised crime.”

    April 2015. —-
    Inner City Press.—- United Nations Joint Staff Pension Funds.

    Pension
    Fund.–$53 Billion.—– The spokesman FARHAN HAQ would not answer
    whether Investment chairman – IVAN PICTET had to quit —- after
    allegations made by some staff. —- “ once a crook always
    a crook” – so there.

    All
    the fines that crooked Swiss banks have incurred in the last few
    years exceeds £75.Billion.

    It
    is also calculated that the secrecy ” agreements” with
    regards to tax evation by their clients will cost the banks another
    £450 Billion.( paid out of your monies.)

    The
    banks are panicking — the are quickly restructuring their banks
    —- from partnerships —

    to
    ” LIMITED COMPANIES.” —– this will probably mean that
    in the future — they could

    pay
    you only 10% of your monies ” if you are one of the lucky ones”
    —- and it be legal.

  • jack loach

    Sods —–
    Law.

    July
    .- 2015. ( Updated.)

    For almost two
    decades we have strived to get justice for the injustice we have
    suffered at the hands of a world renowned bank— PICTET & CIE.
    BANK.

    Two yorkshiremen
    both running their own small family businesses trying to resolve the
    problem by taking all the correct legal procedures to recover their
    monies.

    The matter was
    raised in Parliament – twice– the FSA investigated the matter
    concluding that PICTET had rogues operating in their London Bank —
    but the rogues had left —saying no one left to prosecute.??? —–
    so there.

    We then
    approached the Financial Ombudsman Service. (FOS) — our case was
    dealt with by seven different people —- then our numerous E-Mails
    were ignored — nobody would speak to us ——-so there.

    We then asked the
    SFO ( Serious Fraud Office.) to investigate our case —- the
    criteria of our case ticked all their boxes. — we were instructed
    not to send them

    any
    documents/evidence.—— in fact they wrote to us advising us to go
    to the Citizen’s Advice Bureau.(CAB.)

    Richard Alderman
    the SFO boss —- who responded to our letter was the same man who
    would not investigate the “ Madoff” scandal or the “Libor”
    fiasco.

    The MP’s
    committee —- said he was sloppy— and the SFO was run like “
    Fred Karno’s Circus” —– it was an office of fraud.—– so
    there.

    Our M.P.
    approached our local Chief Constable to investigate—– he was
    called—- Sir Norman Bettison— Chief Constable of West Yorkshire
    Police —- a force that made “ Dad’s Army” look like the S.A.S.
    They were inept – corrupt —malicious — from top to bottom. We
    were criminally dealt with by the Forces Solicitor—- the Head of
    the Economic Crime Unit —-and the Chief Constable —– so there.

    We were then
    advised to pass our complaint against West Yorkshire Police to the
    I.P.C.C. – which we did — they advised us to make our complaint
    to —- the West Yorkshire Police — we did with reluctance — all
    we got was abuse and obfuscation. —– so there.

    Sir Norman
    Bettison —- The Forces solicitor— and the Head of the Economic
    Crime —- have all been removed from their posts and facing criminal
    allegations.

    —— so there.

    We even sought
    justice through the Courts — culminating in a visit to the Court of
    Appeal-London.— On leaving the Courts of Appeal that day our
    barrister a “rising star” informed us — that if that was
    British Justice then you can keep it. He quit the law and moved to
    Canada —– so there.

    A few years later
    we learned that one of the judges ( Lord Justice.) in our case at the
    Court of Appeal was related to a senior executive of the Pictet Bank
    —–so there.

    The Ministry of
    Justice passed our case to Lord Myners to investigate — we would
    rather have had Mickey Mouse or Donald Duck do it. — to this day we
    don’t know

    —whether he did
    anything or not —- probably not — seeing that his wife was on the
    Pictet Prix Board.

    Pictet & Cie
    .Bank — voted private bank of the year 2013.

    Ivan Pictet —-
    Voted banker of the year 2012. —- the senior partner — lied on
    numerous occasions and had documents destroyed — also said genuine
    documents were forgeries. —– so there.

    Pictet & Cie.
    were adamant that they had no involvement with MADOFF —- they lied
    again —- they let him steal the monies then conned it off him.—
    so there.

    2012 — June –
    Published in Anglo INFO. Geneva – USA Trust Fund Investors were
    sent false and fraudulent documents by Pictet Bank in order to
    collect large fees ( Like Madoff.) Even
    after the SEC in the USA uncovered the fraud Pictet continued to
    charge fees and drain whatever was left in these accounts. Estimated
    that $90 million lost in this Pictet Ponzi scheme.– so there.

    Ivan Pictet in
    Oct. 2013 —- Given the Legion of Honour — but saying that —-
    honours were given to Hitler — Eichmann — Mussolini —Franco
    — he’s in fitting company. —-so there.

    April 2015. —-
    Inner City Press.—- United Nations Joint Staff Pension Funds.

    Pension
    Fund.–$53 Billion.—– The spokesman FARHAN HAQ would not answer
    whether Investment chairman – IVAN PICTET had to quit —- after
    allegations made by some staff. —- “ once a crook always
    a crook” – so there.

    MONTY
    RAPHAEL.Q.C. — Peters & Peters.London. They were the banks
    lawyers.

    Monty
    Raphael.Q.C. along with Ivan Pictet withheld crucial documents
    requested by the High Court —- the FSA —- and the police Fraud
    Squad. —-so there.

    Monty
    Raphael.Q.C. became an Honorary Queens Counsellor in March. 2012.

    Monty
    Raphael.Q.C. became a Master of the Bench in Nov.2012.

    An expert in
    Fraud —the Doyen of Fraud Lawyers. —– so there.

    This says a lot
    about Banks — and their lawyers –the consensus of opinion is that
    they are highly paid “crooks” —- no wonder they voted Ivan
    Pictet banker of the year. — and Monty Raphael a Queens Counsellor
    – “crime does pay”?

    It appears that
    crimes in the “establishment.” are honoured by their peers.

    “HONOURS
    AMONG THIEVES.”

    Full Story.—-
    “google ”

    Insert.—– The
    Crimes of —– Pictet & Cie Bank.

    or
    insert

    Ivan Pictet/
    Monty Raphael Q.C.