Swiss Bank 🇨🇭

Swiss Bank : No single bank is called Swiss bank. Actually all the banks in Switzerland are called Swiss banks, but due to some special rules they are called Swiss banks.

In the year 1730, Switzerland Government made a law. That the bank will not share any details of costumer. After that the Capital Geneva in France and other European countries powerfull people started depositing money in the Swiss Bank . 

After this in 1934 the Swiss govt. Again passed a law " The banking act of 1934 " according to Article 47 If any bank shares the details of its customer with any govt. from all over the world then it is a Punishable Offence . 

That is why big people of the whole country started keeping money in this bank.

Why the government not able to find out who has how much money in Swiss banks ?

Swiss banks are famous for their numbered accounts. All the politicians, actors and big industrialists keep their money in these numbered accounts.

This numbered A/c has a unique code instead of a name no one knows what's going on in these accounts . Other than some of the people from the bank . 

In the bank, you get a number in place of your name and all the work like depositing and withdrawing money is done in that number.

Swiss bank account opening process : 

Any person from all over the world can open an account in a Swiss Bank 🇨🇭 But to open a numbered account you will have to go to a branch in Switzerland . 

• To open a numbered account, you must have a Swiss Franc and a valid passport.

• Your age should be above 18 years and along with that, all your details are required like what you do, what you do etc.

• It is costly to run this numbered A/c .it's Monthly charges are $300 .

• When you open a numbered A/c in a Swiss Bank you don't even get a Chequebook .

• Swiss Bank provides you with a Traveller's  Cheque in that all the details and amount are already mentioned you just have to use it as a Currency .

The Computer of the Swiss Bank for numbered A/c doesn't even have the customers name no employee of the bank can see your identity.