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Valartis Bank
Information updated on 07.07.2009
| Main information on the bank | |
|---|---|
| Country of registration, main office, number of branches: | The bank is registered in Vienna. |
| Year of foundation: | 1993 |
| Main shareholders: | 50% of shares is owned by MCG Holding S.A., the other 50% is publicly traded. |
| SWIFT code: | VLRTATWW |
| Information on the opening of accounts, main features of accounts | |
| Type of account: | Investment account (corporate and individual) |
| Documents required for the opening of accounts: | Corporate accounts: letter of introduction, bank reference letters for directors and persons managing the account, passport copies and signatures of the persons managing the account certified by notary public, declaration of beneficial ownership, copies of company documents certified by notary public, Certificate of Good Standing for companies more than 12 months old Individual accounts: copies of the passports of signatories certified by notary public, CV and bank reference letters for persons managing the account |
| Time required for the opening of accounts: | 2 weeks |
| Restrictions on the opening of accounts: | The bank is not willing to open accounts for clients from countries considered as 'non-cooperative' by FATF. |
| Personal appearance of signatories required: | Not obligatory, but advisable to visit the bank within 6 months of the account being opened |
| Minimum balance required in the account: | 100,000 EUR |
| Methods of making payments : | Telefax |
| Internet banking: | Not available |
| Credit / debit card types and possibilities: | VISA, EuroCard/MasterCard |
| Deposit required in card accounts: | 100,000 EUR |
| Fee charged by the bank for the opening of accounts: | For companies: 150 EUR For private individuals: free of charge |
| Account maintenance fee: | For companies: 200 EUR/year For private individuals: 40EUR/year |
| Basic charges imposed by the bank | |
| Charge for incoming transfers: | Free of charge |
| Charge for outgoing transfers: | 0.25 %, min. 50 EUR. max. 500 EUR |
| Charge for cash withdrawals: | 1 %, min. 20 EUR. No upper limit! In EUR: free of charge |
| Charge for cash deposits: | 1 %, min. 20 EUR. No upper limit! |
| 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. | |
| Fee charged by LAVECO LTD. for the opening of accounts in Valartis Bank: 750 EUR Fee for arrangement of bank cards: 200 EUR (up to 4 cards) |
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