CIM Bank (Switzerland)

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CIM Bank (Switzerland)

CIM Bank is a private Swiss bank that serves clients of more than 80 nationalities. Private bankers of the bank speak in 12 different languages; this allows clients to communicate with them concerning various issues. The bank offers its clients an individual approach and professional consultation.

The bank manages: current accounts, credit cards, property, online commerce, international monetary and transferable services, trading of stocks and bonds, exchange market Forex services, research and analysis.

CIM Bank operates under the supervision of the Swiss Financial Market Supervisory Authority (FINMA) and the participant of the Swiss Bankers Association (SBA), the most respected associations in the financial environment.

 

OPEN AN ACCOUNT IN CIM BANK

Types of bank accounts

Personal, corporate (all accounts are multicurrency).

Bank does not open the accounts for offshore companies.

Opening of an account is available solely for companies that submit annual financial report to the tax authorities of the country where it was incorporated and for the companies registered in Scotland.

The cost of opening of the account

(bank tariff)

For natural persons  free of charge.

For corporate entities – 150 CHF.

Minimum deposit:

- for natural persons – 5 000 EUR/USD/CHF;

- for corporate entities – 10 000 EUR/USD/CHF.

Minimum required balance – 1 000 EUR/USD/CHF.

Representative offices 

Croatia: Rijeka.

Management of the account

Via software Internet Bank.

The cost of activation for natural persons and corporate entities – 100 CHF.

Bank's tariffs

Account maintenance:

- for natural persons – 90 CHF/quarter;

- for corporate entities – 120 CHF/quarter. Additionally, the administrative fee of 750 CHF shall be paid once per year.

 

Incoming payments:

- from 0 up to 1 999 CHF – 15 CHF;

- from 2 000 up to 4 999 CHF – 30 CHF;

- from 5 000 up to 19 999 CHF – 50 CHF;

- from 20 000 up to 49 999 CHF – 100 CHF;

- from 50 000 up to 99 999 CHF – 150 CHF;

- from 100 000 up to 199 999 CHF – 250 CHF;

- from 200 000 up to 499 999 CHF – 350 CHF;

- from 500 000 up to 999 999 CHF – 450 CHF;

- from 1 000 000 up to 1 499 999 CHF – 550 CHF;

- more than 1 500 000 CHF – 0,035%.

Outgoing transfers to SEPA member-countries (in EUR):

- from 0 up to 1 999 CHF – 10 CHF;

- from 2 000 up to 4 999 CHF – 15 CHF;

- from 5 000 up to 19 999 CHF – 25 CHF;

- from 20 000 up to 49 999 CHF – 50 CHF;

- from 50 000 up to 99 999 CHF – 100 CHF;

- from 100 000 up to 199 999 CHF – 150 CHF;

- from 200 000 up to 499 999 CHF – 250 CHF;

- from 500 000 up to 999 999 CHF – 350 CHF;

- from 1 000 000 up to 1 499 999 CHF – 450 CHF;

- more than 1 500 000 CHF – 0,030%.

Outgoing transfers to  those countries, that are not members of SEPA (in other currencies, except for CHF):

- from 0 up to 1 999 CHF – 25 CHF;

- from 2 000 up to 4 999 CHF – 25 CHF;

- from 5 000 up to 19 999 CHF – 45 CHF;

- from 20 000 up to 49 999 CHF – 105 CHF;

- from 50 000 up to 99 999 CHF – 175 CHF;

- from 100 000 up to 199 999 CHF – 315 CHF;

- from 200 000 up to 499 999 CHF – 385 CHF;

- from 500 000 up to 999 999 CHF – 455 CHF;

- from 1 000 000 up to 1 499 999 CHF – 525 CHF;

- more than 1 500 000 CHF – 0,045%.

More detailed information concerning tariffs can be found on the website of the bank.

Terms of opening the account 

The procedure of opening the account consists of two stages: the preliminary stage and opening of the account.

The preliminary stage includes the process of gathering and filing your documents, which are required for opening an account; preparing and signing the bank forms; sending documents with the courier service to the main bank office. Term of the preliminary stage depends precisely on you.

The procedure of consideration the documents and reaching the decision by bank regarding opening an account takes from 7 to 10 working days starting from the date when the documents and forms are submitted to the main bank office, holding a video-conference in between you as client and bank manager. The very bank account activation will be managed merely after bank reaches decision concerning opening an account and you will deposit a minimal sum.  

CIM Bank follows the «know your client» principle and therefore you may be requested to provide any additional information or documents concerning the procedure of opening the account that may take additional time. Bank also may refuse to open the account without any explanations.

Staff

English/French/German/Russian speaking.

Credit/debit cards

MasterCard, Visa, American Express.

Other bank’s products

Bank provides a wide variety of banking and financial services, including:

- supporting private and corporate clients;

- providing private-banking services;

- assets management service;

- brokerage service;

- lombard crediting, crediting.

Documents for opening an account

Forms for signing are provided in our office while the in-person meeting.

Company’s documents – originals of all company’s statutory documents need to be provided. In case that from the date of company incorporation has passed more than 1 year, the Certificate of Good Standing and Certificate of Incumbency is required (appropriately legalized and apostilled). All the documents of the company shall be certified by the notary and under apostille.

Documents for the account holder:    

- original of national passport*;

- original of foreign passport (in case of its presence);

- notarized translation of the national passport into English;

- notarized copy of foreign passport. 

 

Documents for the beneficiary:

- original of national passport*;

- original of foreign passport (in case of its presence);

- notarized translation of the national passport into English;

- notarized copy of foreign passport. 

Documents for nominee director, shareholder (if nominee service is used)**:

- notarized copy of the passport (if the nominee is an individual);

- notarized and apostilled set of the corporate documents (if the nominee is a legal entity), including: Certificate of Incorporation, Memorandum and Articles of Association, Resolution of appointment of the first director, Certificate of Good Standing and Certificate of Incumbency (if the company was incorporated more than a year ago). Also it is necessary to provide a notarized copy of the passport of director of this legal entity or to include the copy of the passport into the set.

*in case when you may not provide national passport with information about place of residence, you will be required to provide the original of utility bill from the place of residence, not older than 3 months.

**this is preliminary list of the documents; the list shall be agreed with the manager of the bank in each certain case.

The procedure of opening an account

To start the procedure you submit the description of company’s activity, scan copy of company’s statutory documents, and documents for account holder/beneficiary. Then the account holder and beneficiary should visit our office for signing bank forms and submitting the original version of above-mentioned documents. When bank reaches the positive decision concerning opening an account, the requisites of account for transferring minimal deposit will be emailed you. Bank does not require in-person meeting, however the conversation with bank manager via web-camera will be settled. 

Bank site

www.cimbanque.com   

For further consultation concerning the terms of account opening in CIM Bank (Switzerland) please contact our office. We will respond to any questions you may have and will help you open an account in Swiss CIM Bank or any other bank out of 70 foreign banks you may choose from.