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HOME > Services > Bank account opening > Price list
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
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)
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