Top 7 Myths About Swiss Bank Accounts
by Uzair on 04/08/10 at 8:06 am
When you heard somewhere about Swiss Bank Account, you will surely turned towards the speaker or even you `ll pause yourself for a minute. This is the mystery power of Swiss Accounts. Usually we understand that these accounts belong to black and corrupt people. The bad image of Swiss Bank Accounts is due to popular media and fictional movies. 
When I did some research, I found the following 7 myths about the Swiss Bank Accounts. I hope these points will evaporate the mist about these Accounts.
1. Millionaires Can have Swiss Account Only
The most popular myth is that the Swiss Accounts only belong to rich and wealthy persons. That is not so true now. Many of the account holders are common people not owing industries or huge businesses. In fact, the minimum amount that is required to maintain the Swiss bank is just 5,000 Swiss franks.
2. Swiss Banks Paying Poor Interest Rates
The other famous myth about Swiss Banks is they are not good interest rate providers. But In fact, the Swiss Banks offer one of the best interest rates. You can choose investment account which yields you excellent rate of returns.
3. A Trip To Switzerland Is Must To Open An Account
Switzerland is a wonderful place to visit and to do business. but if you want to open an account in Swiss banks, then its not compulsory to go there. You have the options that you can open your Swiss account via correspondence. You can also manage your account via same channel like email, fax, phone or internet.
4. Swiss Account Are Expensive To Operate
What about the above statement? If you look at fine print, then number of Swiss banks do not charge a penny to you as annual fee. They are almost free to operate except when you want some special features like numbered account or retained correspondence etc.
5. You Can Not Close Your Swiss Bank Account
Another Myth. You can close your Swiss account any time you want. Its at your pleasure. Bank will not charge any penalty against you. Swiss Banks are very liquid.
6. Dictators and Criminals Can Use Swiss Accounts Only
Its also a false statement about Swiss Banks. Majority of Swiss Bank Account holders are common working class and honest people. Common people just want to save their hard earn money at secure place. Due to people pressure in last few months, The Swiss Banks have become much conscious about new comers.
7. Numbered Accounts are Anonymous
Numbered accounts are just for the privacy of the account holder. Only the Bank Manager and the select individual know about account holder. This protects the holders in transactions and bank transfer.
