Are Swiss banks expensive or not?
- Thread starter daniels27
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The minimum is EUR 100.000. That's too much for doing nothing. Otherwise I would get 3.5% interest, i.e. €3.500 a year.
So I really wonder how brazen to demand a 1.5% fee, and who is stupid enough to pay it? With 1 million, that would be 15K in fees. Especially as the same 1 million at Swissquote is capped at CHF 200!
Welcome to Swiss banking rof/%
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
it all depends on the services you require. If you are a daytrader then it makes no sense,
if you need customized services then it absolutely makes sense!
if you need customized services then it absolutely makes sense!
I would never pay it. But there are enough people that voluntarily subsidise the country. That's why such asset fees are very normal in Swiss banking.
@JohnnyDoe is right here: Just one of many examples of Swiss mythology: not everything that glitters is gold.
You can get the same services elsewhere, no need to overfeed Swiss monkeys posing as cows.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
it all depends on the fee you pay. I am happy with my 0,25% custody and the services I get for this
This fetish is called “financial domination”. De gustibus.
I suggest https://www.vivianrobinson.com/london-femdom-kink-bdsm-mistress/financial-domination-mistress/
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
You need banks as much as you need a financial dominatrix.
Certainly nobody needs Swiss banks today.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
thats pretty cheap. If you engage their "wealth destruction management" services, you pay much much more.
I think back at the time when you had the choice of paying 40% taxed or sending your money to Switzerland and pay 5%, the choice was simple. Now, things have changed, and you can simply pay a mere coffe per day to have your freedom, thanks to @JohnLocke.
welcome to any banking worldwide. Now a days you don't get any interest anywhere in a bank unless you fill the account with millions of legal and transparent dollars!
Do you know of any stable jurisdictions like Swiss ? No Belize, Dominican or any Carribean banks.
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