Credit Suisse AG

General information

Name

Credit Suisse AG

Country

Switzerland

Official web-site

www.credit-suisse.com/ch/en

Bank history

It is one of the oldest among the major banks of Switzerland, founded in 1856. In 1940, the first international office was opened in New York. It has more than 400 offices around the world, employing about 45,000 persons. In 1978, cooperation with First Boston Inc. (FBI) began. In 1990, Bank Leu was acquired. In 1993, Swiss Volksbank was acquired. In 1996, CS Holding became Credit Suisse Group. In 1997, Credit Suisse Group merged with Winterthur Group. In 2000, Donaldson, Lufkin & Jenrette (DLJ) was acquired. In 2005, Credit Suisse and Credit Suisse First Boston merged. In 2010, Credit Suisse (International) Holding AG merged with Credit Suisse AG. In 2012, it merged with Clariden Leu

World rating

28

Country Rating

2

Founding date

1856

Account Opening Terms

Recommendations

Not required

Description of activity

Detailed

Account type

Settlement and savings

Minimal turnover

0

Accounts types

Personal; Corporate; Savings; Settlement

Required documents

Copies of the company's apostilled constituent documents, copy of the passport of the director / attorney / beneficial owner, description of the client's business, completed questionnaire

Transaction speed

Time for execution of payment orders for investment accounts in Zurich (Swiss time): for payments in USD - 17.00; for payments in EUR and CHF - 15.00; for payments in pounds - 12.00; for payments in rubles - 06.00

Minimum balance

1000000

Limit of transfers (per month)

No restrictions

Initial founding fee

500000

Account opening nuances

Opening an account is possible without entering the country of the bank

Account opening, possibility

Calculated and perceived

Cost and nuances of account maintenance

Translation cost

Settlement accounts: transfer fee is 29 CHF - outside the European Union and 23 CHF - within the European Union. Savings accounts: three payment options are possible. 1) Fee of the Bank is paid by the sender, and fee of the correspondent bank is paid by the recipient.2)All payments are paid by the recipient.In this case,fee is 5 CHF for the amount not exceeding 1000 CHF;20 CHF for the amount from 1000 to 10000 CHF and 40 CHF for the amount in excess of 10,000 CHF.3)The Bank's fee is paid by the recipient

Enrollment fees

The Bank does not charge a fee for incoming payments

Account maintenance cost

Maintenance fee for savings account is 3 CHF per month plus 1 000 CHF per year for storage of confidential information. Maintenance fee for settlement account with minimum account balance of less than CHF 500,000 is 5,000 CHF. If the amount on the account is more than 500 000 CHF - 20 CHF quarterly. The fee for opening settlement account is 2 000 CHF