Is Sygnum Bank ok?

[csp dubai]

they ask me 2 m 2 weeks ago , may be i am high risk

 

[vehzag]

csp dubai said:
they ask me 2 m 2 weeks ago , may be i am high risk

csp dubai said:
they ask me 2 m 2 weeks ago , may be i am high risk
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What they have asked me when i have tried to be onboarded and open corporate bank account is that they need to do gains on my transactions - 10000 CHF a year if not they will charge you the rest amount - that sounds nice. 10000 CHF on percents for the transactions executed is fair enough
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[PinkCat]

They seems to be hard to onboard but that is to be expected with crypto, my primary concern is how legit they are and how safe are the funds with them? Where one could dig more about a swiss bank, like check banking licenses, reserves and etc whatever is necessary to examine if it's safe to keep 1M with them?

On their site they claim to have offices in UAE and Singapore as well as Switzerland, not sure if it's a show act to seem big or they are indeed legit international bank? Very hard to find anything specific for them online.

Those with experience in doing detective work on banks, please do help! 🙂

 

[PinkCat]

now that posting works, feel free to reply to previous post 🙂

 

[JackAlabama]

PinkCat said:
They seems to be hard to onboard but that is to be expected with crypto, my primary concern is how legit they are and how safe are the funds with them? Where one could dig more about a swiss bank, like check banking licenses, reserves and etc whatever is necessary to examine if it's safe to keep 1M with them?

On their site they claim to have offices in UAE and Singapore as well as Switzerland, not sure if it's a show act to seem big or they are indeed legit international bank? Very hard to find anything specific for them online.

Those with experience in doing detective work on banks, please do help! 🙂
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Yes, for being a bank, they are not too bad. Everything by the books.
Ideal if your crypto comes from coinbase hodl.

 

[Forester]

PinkCat said:
They seems to be hard to onboard but that is to be expected with crypto, my primary concern is how legit they are and how safe are the funds with them?
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Well, it's a Swiss bank.
1) (To the best of my knowledge) it never happened that a Swiss bank went bankrupt and clients lost their funds. When any bank had serious problems, another bank(s) always performed a takeover with all client obligations included.
2) (To the best of my knowledge) it never happened that when a Swiss subject had financial troubles and creditors went for their money, bond holders were neglected. The subordinated bonds of Credit Suisse were cancelled with the takeover by UBS just a couple of months ago.
Make your own conclusion 🙁

PinkCat said:
Where one could dig more about a swiss bank, like check banking licenses, reserves and etc whatever is necessary to examine if it's safe to keep 1M with them?
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Banking licences and all the related information you can check with FINMA (Swiss regulator). Financials you can check with the particular bank. All banks that are listed at the stock exchange are obliged to publish it, another banks not but it is a common practice ”“ but beware, in many cases the latter offer it only to clients and finance professionals (as wealth managers, introducers etc.).

PinkCat said:
Those with experience in doing detective work on banks, please do help! 🙂
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Probably the best help you can get from some experienced wealth manager or an independent financial analyst. IMO.

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[lory]

You need to be incorporated in Switzerland to use this bank? They look good from the first point of view, crypto friendly and they are a bank.