CIMB Bank (cimbanque.com)
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If it's legally a deposit they'll give you back. They're a regulated institution in Switzerland so highly regulated.
Don't worry about CIM Banque at all. They are legitimate, and our company referred many clients to CIM Banque already. Internet banking is quite smooth and modern. All kinds of fees are rather expensive, compare to other banks.
BigUnicorn is right, they are a regulated institution in Switzerland (it's not a︀ first-class bank in Switzerland).
You will be returned your $5,000 if your application will be︁ rejected, as quick as they receive it from you. However, I hardly saw any application︂ that couldn't pass the opening process. The staffs are quite helpful and open to help︃ you to archive your goal to open your bank account. It doesn't mean that you︄ could have the account forever. CIM Banque is quite strict these days regarding incoming and︅ outgoing payments. Be prepared to be asked for supporting documents for most of your payments.︆
IMO, it's the best bank if you will use it as a place to park︇ your saving money, spending with the cards (they have pretty good card options, provided by︈ Swiss Banker Prepaidkarten & innovative Zahlungsmöglichkeiten | Swiss Bankers), but absolutely, not for daily︉ operations. I would not advise it if you plan to use the account for many︊ transactions.
Here are some screenshots of CIM Banque App as of date (well you can︋ Google and see no similar picture, so I post them here and I'm sure it︌ will help others who are looking at CIM Banque as an option)
Good luck with your application and I hope your own account will be opened soon!
BigUnicorn is right, they are a regulated institution in Switzerland (it's not a︀ first-class bank in Switzerland).
You will be returned your $5,000 if your application will be︁ rejected, as quick as they receive it from you. However, I hardly saw any application︂ that couldn't pass the opening process. The staffs are quite helpful and open to help︃ you to archive your goal to open your bank account. It doesn't mean that you︄ could have the account forever. CIM Banque is quite strict these days regarding incoming and︅ outgoing payments. Be prepared to be asked for supporting documents for most of your payments.︆
IMO, it's the best bank if you will use it as a place to park︇ your saving money, spending with the cards (they have pretty good card options, provided by︈ Swiss Banker Prepaidkarten & innovative Zahlungsmöglichkeiten | Swiss Bankers), but absolutely, not for daily︉ operations. I would not advise it if you plan to use the account for many︊ transactions.
Here are some screenshots of CIM Banque App as of date (well you can︋ Google and see no similar picture, so I post them here and I'm sure it︌ will help others who are looking at CIM Banque as an option)
Good luck with your application and I hope your own account will be opened soon!
In case you will be declined funds will be remitted back to you. They are currently held into a Temporary IBAN. This is the reason they are asking for the initial deposit to come from own funds so as to be able to return them if declined.
If you will be︀ accepted, they will provide you the permanent IBAN and they will do the internal transfer︁ between the 2 IBANs
If you will be︀ accepted, they will provide you the permanent IBAN and they will do the internal transfer︁ between the 2 IBANs
There is a thread about this bank available at the below link:
https://www.offshorecorptalk.com/threads/best-offshore-bank-cim-bank-review-maybe.14995/
https://www.offshorecorptalk.com/threads/best-offshore-bank-cim-bank-review-maybe.14995/
Seems to fit the bill, looking for putting savings in, and paying Swiss tax once a year (non-resident international wealth tax payer), so hopefully no issues.
The deposit is into a buffer account whilst they run KYC/AML checks on you.
Account then opened after a week or so.
I pay tax in Switzerland (World Wide Wealth Tax at 0.5%) but am not a Swiss citizen nor resident, so have to have an account to easily pay because have not been there for two years (covid).
So the account is for 'paying tax' opposed to having to pay tax because i have an account there.
Hope that clears it up.
Account then opened after a week or so.
I pay tax in Switzerland (World Wide Wealth Tax at 0.5%) but am not a Swiss citizen nor resident, so have to have an account to easily pay because have not been there for two years (covid).
So the account is for 'paying tax' opposed to having to pay tax because i have an account there.
Hope that clears it up.
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