Swiss Bank Account: A Look into Elite Banking

It is estimated that Swiss banks hold $2.2 trillion USD of the world’s money within their vaults. From vault safeguarding to an extra thorough admittance process, these secretive banks continue to be the keeper’s of the money of the elite. In the following infographic, we’re providing a detailed overview of Swiss bank accounts. We’ll start by highlight the differences between private banking (did you know that an individual must have a minimum $300,000 USD deposit to open an account?) and retail banking (also known as Switzerland’s traditional mass-market banking system). Next, we’ll outline how Swiss banks work to maintain high security and privacy by detailing common contract and physical vault security practices. Finally, we’ll end by discussing which countries are allowed to open Swiss bank accounts and which ones aren’t, and wrap things up by listing the top alleged black money clients of Swiss banks.