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Hypo Bank
Information updated on 07.07.2009
| Main information on the bank | |
|---|---|
| Country of registration, main office, number of branches: | Head office in Vaduz, Liechtenstein |
| Year of foundation: | 1998 |
| Credit rating: | Aa1 |
| Main shareholders: | Vorarlberger Landes- und Hyphothekenbank |
| SWIFT code: | HYIBLI22 |
| Information on the opening of accounts, main features of accounts | |
| Type of account: | Current, savings and investment accounts (corporate and individual) |
| Documents required for the opening of accounts: | Corporate account: originals of the incorporation documents of the company, passport copies of the directors, beneficial owners and persons managing the account, curriculum vitae for the persons managing the account, business plan Individual account: passport copies, certified signatures and curriculum vitae for the persons managing the account |
| Time required for the opening of accounts: | 1 week. The bank only provides an account number after the initial deposit appears on the account. |
| Restrictions on the opening of accounts: | No restrictions. |
| Personal appearance of signatories required: | In the Laveco office |
| Minimum balance required in the account: | 5 000 EUR/USD/CHF to be maintained at all times |
| Methods of making payments : | Telephone, fax |
| Home banking through fax modem: | Not available |
| Internet banking: | Internet banking is available but only for viewing status of account Charge: 500 CHF/year |
| Credit / debit card types and possibilities: | Private or corporate VISA/MasterCard in EUR, USD, CHF Maestro Debit card in EUR, USD, CHF |
| Deposit required in card accounts: | Credit Cards require a security deposit of 110% of the credit card limit, min. EUR/USD/CHF 22000. Debit Cards do not require a security deposit |
| Fee charged by the bank for the opening of accounts: | 500 CHF |
| Account maintenance fee: | 500 CHF/year, waived for investment accounts |
| Basic charges imposed by the bank | |
| Charge for incoming transfers: | For current/trading accounts 0.125%, minimum 125 CHF and maximum 1250 CHF |
| Charge for outgoing transfers: | For current/trading accounts 0.125%, minimum 125 CHF and maximum 1250 CHF. In case of capital movements only (non-material transactions) the bank reserves the right to charge 0.125% without maximum. |
| Charge for cash withdrawals: | For EUR/USD/CHF: 1% For other currencies: 2.5% |
| Charge for cash deposits: | For EUR/USD/CHF: 1% For other currencies: 2.5% |
| * 1 EUR = 1,3055 CHF; 1 USD = 0,9584 CHF (24.01.2011) The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank |
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| Fee charged by LAVECO LTD. for the opening of accounts in Hypo Bank: 850 EUR Fee for arrangement of bank cards: 200 EUR (up to 4 cards) | |