Open account in Lombard Odier & Cie
The cost of opening an account:
From 990 EUR
The cost of opening an account:
From 990 EUR
General information
Name
Lombard Odier & Cie
Country
Switzerland
Official site
www.lombardodier.com
Faunded
1 796
History
In 1796, Hentsch & Cie company was founded by Henri Hentsch. In 1800, there was the financing of the Swiss National Bank. In 1907, the company became co-founder of the Swiss National Bank. In 1950, it was a pathbreaker in the development and sale of mutual funds in Europe. In 1979, it became the first European bank to obtain membership in the New York Stock Exchange. Since 2002, there is a formation from Lombard Odier Hentsch & Cie into its current form. In 2002, there was an association of Darier Hentsch & Cie and Lombard Odier & Cie. In January 2004, Hentsch Henchoz & Cie became the Department of Lombard Odier Darier Hentsch & Cie. In January 2012, the name was changed to the present one. To date, the Bank has assets under management in the amount of $ 15.9 billion francs and liabilities reaching 15.4 billion and is the largest bank and quite flexible and mobile to provide personalized services to customers
Employees
The bank has 1,900 employees and consultants. Lombard, Odier & Cie has 24 offices in 17 countries around the world. There is an official representative office in Moscow. There is Russian-speaking staff at offices in Zurich and Geneva
Security
Agreement on legal assistance with the Russian Federation was concluded; Agreement on avoidance of double taxation was concluded; AML legislation is strictly observed; Active membership in the OECD, FATF, Basel Commitee, Egmont Group and others.
Account
Terms of opening for admission (days):
5
Opening terms for cancellation (days):
5
Recommendations:
Не требуется
Description of activity:
Detailed
Account type:
Personal, corporate
Types of accounts:
Savings
Departure to the bank:
Meeting with a representative of the bank is required either in Moscow or in Switzerland, or during the visit the bank's representative in Moscow (at least once a month)
Required documents:
Standard set of corporate documents, copy of the passport. If it is required to collect additional documents, the term of the account opening may inconsiderably increase
Account opening, probability:
Calculated and perceived
Particularities during account opening:
Opening an account is possible without entry into the country of the bank
Rating
Rating on loans:
AA-
Terms
Balance, minimum:
800000 €
Limit of transfers (per month):
No restrictions
An initial fee
:
800000 €
Term of contribution (months):
3
Annual turnover (minimum):
0 €
Transaction speed:
Promptness of payment is on the same day, but the operating day ends at different time for different currencies
Services and costs
Cost of translation:
The cost of bank transfers executed on the same day is about CHF 20 and is determined depending on the currency
Cost of enrollment:
Transfer of funds to the account is free of charge
Cost of account maintenance:
Servicing the account is connected to the amount of funds on the account, and is calculated as a percentage of the amount under management: for amounts up to 1 000 000 CHF the fee is approximately 0.4% (but not less than 2000 CHF), for the amount from 1 000 000 to 2 500 000 - about 0.375%. For increasing amounts the fee decreases regressively
Credit card restrictions:
Payment limit on credit card is not set by the bank, but maximum amount of withdrawals via ATM is 1 000 CHF
Insurance for credit cards:
Insurance coverage to be blocked on the account for the purposes of securing spendings on credit cards is set by the bank card provider. For example, for payment limit of 10 000 CHF per month it will be necessary to block security deposit of 20,000 CHF.
Access to the account:
Account management system via Internet, through e-services
Bank services:
Specialization of the bank is a full range of management services for the client’s capital
Bank cards:
Cards of all payment systems are available: standard VISA and MasterCard, Gold, Platinum, Black American Express, Miles & More. Cost of maintenance is established by the provider of bank cards
Cost of extracts storing:
The fee for storage of statements is included in the cost of banking maintenance
