Swiss Bank Account
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Swiss Banks are famous worldwide because it maintains the details of its clients as top secret. They will protect the interests of their clients and their privacy. This has attracted millions and billions of investment to these banks. Swiss bank provides the Numbered Accounts Facility which allows only high level management of the Swiss Bank to get the client's details. This gives more secrecy to the transactions of millionaires and important people who want to make their financial conditions a secret to avoid harm to themselves and their family from robbers , kidnappers and criminals. In case of Swiss bank accounts including the numbered accounts , the details will be revealed only if there is a criminal investigation regarding the owner of the account.
Swiss Bank accounts can be opened with 1,50,000 Swiss francs which will be about 1,34,000 Dollars and you have the option to deposit this money within a month of opening the account, which means that there is no requirement to deposit the money on the day of opening account. International ATM Cards , master cards, Visa cards are alloted to swiss bank account holders and a maximum amount of 5000 swiss francs can be withdrawed through ATM's per month at a charge of 5 swiss francs per withdrawal transaction. Through these accounts we can invest in Stocks, Bonds , Gold . Internet banking is also available which makes the transcations more easy and also account transfers are available.
Future of Swiss Banking
In other countries like US , India. etc there are many regulations regarding keeping money with bank accounts and also regarding taxes. Also people have to pay aditional taxes if they make lot of money. If Indian governments and others had made a policy to tax a minimum amount on the income, it would have attracted large investments. Even the small amount of charges levied could have made these governments make huge money and improve the economice conditions of the country. The style of taxation has to be changed so that investors get confience in depositing money on their own countries.
Lifting The Veil On Swiss Bank Secrecy - Bloomberg
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Comments
Yes indian business men and politicians , actors has lot of black money stuffed in swiss bank accounts
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Philipo says:
3 months ago
Nice hub. I now know why politicians that have stolen money in my country prefer to deposit them in swiss banks. Its ok.