CIM banque

[JohnLocke]

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CIM banque -1 - CIM Banque is a Swiss Private Bank based in Geneva, Wollerau and Lugano.

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CIM Banque is a Swiss Private Bank based in Geneva, Wollerau and Lugano. We offer our clientele tailored services along with a deep understanding of each client's needs. Benefit from our experts knowledge & advice - either in private banking or in corporate banking - and enjoy a smooth banking experience. We already know your time is precious, that's why we have made our account opening 100% online.
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[Sols]

It's been a few months since last but opening business accounts with CIM Banque has‌ become extraordinarily difficult, even for EU based low/medium risk business with local directors and shareholders.‍ They are on a very tight leash with their correspondent banks.

 

[aage]

what exactly do you mean by that, are they losing their banking network ?‍

 

[Sols]

They are a small bank with no real ties to the‍ actual Swiss economy. Correspondent banks regard them as high risk (not quite as bad as⁠ typical Caribbean offshore banks) and to ensure continued operation, CIM Banque in turn has had⁤ to lower their risk appetite.

I have seen some very strange rejections from them lately.⁣ Perfectly fine low-risk EU businesses with no offshore or non-EU connection.

When banks become so⁢ aggressive in their onboarding, it's usually due to correspondent banks tightening their grip or a︀ regulator getting involved.

I don't think CIM is about to lose their correspondents, because they︁ are taking steps to ensure they don't onboard dodgy clients. But they are probably over-correcting.︂

 

[Regis]

Hi there, Mr Sols is right on point about CIM Bank.
CIM BANQUE is totally‌ unfit for Eu business or individuals, beside their total inefficiency at every levels, outrageous fees‍ structures and hidden costs list, their bad reputation from their peers & the local justice⁠ department could represent a serious threat. I have personally experienced very suspicious connivance with local⁤ justice department; they basically report my account witch took severals years to unfroze... They of⁣ course denied it, but the full history of the investigation lead to very little or⁢ no doubts. More than 40.000€ were charged by the bank during the period by the︀ way; Company cost 700€, High risk account 300€, Compliance fees, asset blocking fees 1855€, internet︁ fees 🙂...and the list goes on and on.