Spending on a dinner party is no joke, and to get your money’s worth, you should prepare for it weeks in advance. Keep in mind that anything ordered rush is likely to add to your tab. You’ll have your own reasons for hosting one, as most people do.
Many hamster owners naively believe that they know how to feed hamsters, and that it’s easy. Just throw in some bread, cabbage, potatoes, and carrots; the hamster eats it, and all is well. This is not quite true. These rodents were domesticated almost a century ago, and during this time some of their instincts have degraded.
Growing herbs is a hobby that many people have grown to love. For those who wish to become involved in this wonderful hope, this short guide to growing herbs will help you well on your way.
There are places where you can find great deals on discount designer clothing, allowing you to look great and save your budget at the same time.
People choose careers depending on their aptitudes and abilities, economic conditions, and career models adopted in their country.
Did you know that anybody can open a Swiss Bank Account?
Swiss Bank accounts are not just for the famous and super-wealthy or the sneaky and corrupt gangsters with which it is sometimes, incorrectly associated. Swiss bank accounts are actually perfectly accessible to all of us, no matter how much money we have or what we do for a living.
You can open an account at a Swiss bank in much the same way as at any other bank in any country if you have a good reason to do so.
It also has some distinct advantages to banking in many other countries.
In 1934 the Swiss government passed a law that made it a criminal offence for a bank to disclose any information about any bank accounts held in the country. This also included the disclosure of whether an account actually exists. For most of us, this isn’t really a problem – we probably have nothing to hide, but there are several other reasons which make a Swiss bank account an attractive option.
The country has a very stable economy and political climate and a good legal system to boot. Their banking sophistication is world renowned and they are experienced and professional in all matters of a monetary nature.
The Swiss banking system is ‘full service’ which means that a standard banking service will also help with securities brokerage, investment counseling and management of portfolios. Worst case scenario? The world’s banks crumble but your Swiss bank account will probably remain!
How to Open a Swiss Account
You can open an account in one of three ways:
1. Pay somebody to do it for you. This will cost between $US 400 to $US 1000 and will depend on the type of account. Search online under ‘open a Swiss bank account’ and you will find several companies who offer this service.
2. Open one yourself. If you are in the country you can just walk into a bank and do it in person. It is useful to have some evidence of past earnings and you will need to have a deposit in hand.
3. Open one via the mail. This is probably the cheapest but not the easiest solution. You will need to inform yourself about Swiss banking services (of which there are many). Most options offer checking accounts, credit cards and internet banking but if you would like, for example, to store bullion you may have an intensive search on your hands.
What Kinds of Accounts are Available?
There are four basic account types:
1. The Swiss Postal Account
This account requires no minimum balance; fees are low but won’t give you the advantage of a checkbook. There are few investment offers but if you are trading on the internet it may be very helpful, indeed for paying bills via the bank’s card service.
2. The Standard Account
This account has the added advantage of phone banking, online trading, enhanced investment options and a checkbook. You will be required to provide a minimum balance of $US 4000 and the account will accrue small annual service fees.
3. The Investment Fund Account
This account is ideal for those who want to play the markets. You will need a minimum balance of $5000. You fix an investment strategy with the bank and they carry out securities trading on your behalf. If you want to withdraw, the bank liquidates the shares and sends you your money.
4. The Swiss Numbered Account
Not for just anyone. This account requires a minimum balance of $US 100,000 but does mean total discretion and the means to buy absolutely anything that is available on public markets. Only a few select people within the bank will know your real identity. You will need to apply for this one in person.
Opening a Swiss Bank Account
Once you have decided on a bank of your choice, fill out the required documentation and get yourself to the nearest Swiss consulate or affiliate bank for a signature verification.
Contact the bank and ask them if you need any additional information and if they need a deposit to be forwarded to them with your forms.
Mail off your application and then be prepared to wait a few weeks before they contact you.
How to Deposit or Withdraw Money
In general you will trade with checks, money orders and credit cards. If you don’t mind having your identity revealed you can make use of wire transfers via your local bank accounts.
Probably the best way to handle your account is to accept deposits from others but allow your bank to pay for goods and services, especially if you wish to remain anonymous.
How Secret is it really?
Don’t forget that while your bank is under no legal obligation to divulge your account particulars and assets you are. If the IRS asks you have to disclose your details.
You are not allowed to deny ownership of an account if asked, for example, in a court of law.
Swiss authorities claim a 35% withholding tax on all interest earned by your account. Depending on where you live you may be able to have it refunded but in doing so you can’t keep it secret. There goes your privacy.
If you can think of a good enough reason to open a Swiss bank account there is nothing stopping you from doing so. Simply decide on which type of account is most suitable for you and then set about making it a reality. At the most your Swiss bank account will save you money and keep it safe. At the very least you will be really intriguing at parties!
