HOW TO OPEN OLD STYLE SWISS BANK ACCOUNTS Want an account like you saw in the movies?
You can still walk into Julius Baer, Rothschild, F & L, Hensch or almost any of the legendary Swiss ‘private banks.’ The reason they were called private banks is that they were owned by wealthy private individuals who under Swiss law were personally liable for the obligations of the bank. If a bank failed, bankruptcy was not an option. It was disgrace and jail. As a result, we know of no old line private banks that ever failed. Due to globalization and the need to serve customers abroad, almost all the old ‘private banks’ have now been bought out and are subsidiaries of bigger international banks. Anyone can get a personal private banker assigned in an elite bank with about €300,000 opening deposit. When we say walk in, you will of course need an introduction, identification and references. You can’t just walk in anonymously off the street with a suitcase full of cash and open an account, as was possible prior to 1985. A private banker is simply a man or woman assigned to look after yo
