What is it about swiss bank accounts?why does everyone talk about it?are they different to our banks?

This is despite the fact that the Swiss have consistently voted to remain outside the body of EU states
Swiss economic policy has always been based on free trade.

I'm pretty sure the issue there is that they're foreign, and so are not subject to U.S. laws. (For example, a person might put money into a swiss bank account, in case they get divorced one day, so that that money is not considered a marital asset.) It's the same with offshore accounts.

with a swiss account it was set up so that you don't have to report it to the government. you can make millions and never pay taxes. the swiss bank was also set up for many many germans and some jews that ratted on other jewish families. the german's money was all laundered in swiss bank accounts.

Because the Swiss are neutral on political issues they can't be forced to report hidden income. So, if somene got money illegally they could put it in a Swiss bank account without having the money traced back to the person. That also means the person can hide money to avoid being taxed in their own country. In most other countries, whenever someone deposits a large amount it is reported.

There is no technical difference at all between a Swiss bank account and one in any other Western country.

The only thing a bit different in Switzerland is, that the Swiss justice would not help other countries for simple tax fraud except there is some other crime involved.

And, of course, the banking standards in Switzerland are very high - transfers to any place of the world are done quickly and you can deal with one bank account at virtually any stock exchange around the world.

Swiss law prohibits giving detaills of bank accounts to other people (like tax authorities). Swiss accounts are useful if you want to conceal the source of funds or how much you have.

1. Swiss bank accounts are only for millionaires

This is not true. The majority of our clients are not major manufacturers or movie stars, but everyday people (business people, computer engineers, civil servants, etc.). Swiss banks are no longer only for stars.
You can open a Swiss bank account with a deposit of only 5,000 Swiss francs. We even offer accounts with no minimum balance.

2. Money invested in Switzerland yields no interest

Nothing could be more untrue. You can invest your money worldwide from your account in Switzerland through investment funds, bonds, the stock market, the purchase of metal values, raw materials, derivatives and many other types of investments. Swiss bankers are among the best finance managers in the world, so it comes as no surprise that they manage over 35% of offshore holdings.

3. It's impossible to open an account in Switzerland by correspondence

This is not true. Most of the accounts that we offer can be opened by correspondence as long as you comply with our opening procedures and provide us with the necessary documents. What is more, your banking relations can be conducted by correspondence, using the telephone, Internet banking, bank transfer and credit cards. That said, we encourage our customers to meet with their banker at least once in order to get acquainted and see where their money is held.

4. Swiss bank accounts are very expensive to maintain

This is not true. Most of the accounts we open don't charge a cent in annual fees. Even if you would like additional services such as retained correspondence or numbered banking relations, the annual fees are very reasonable.

5. It is difficult to close a Swiss bank account

On the contrary. You can close your account in Switzerland whenever you wish and without any restriction. You will pay no financial penalty. If need be, you will just have to realize your investments. Contrary to many onshore banking practices, your money is not held hostage by Swiss banks.

6. Swiss bank accounts attract only criminals and dictators

Not true! The vast majority of Swiss bank account holders are honest people who want to keep their savings in a country renowned for its stability. Swiss banks are extremely cautious regarding politicians who wish to open an account and they systematically refuse to accept any money that is of dubious origin or poorly founded.

7. Numbered accounts are anonymous

There are no anonymous accounts in Switzerland. A numbered account is an account that is identified solely by a number, rather than a name, in order to preserve the strictest confidentiality possible during teller transactions or bank transfers. Only the bank manager and a few select people know the identity of numbered account holders.

THEY ARE WHERE PEOPLE PUT MONEY THAT IS CROOKED, OR MADE IN A WRONG WAY.

swiss banks are known for their security and religiously sworn bank secrecy. most billionaires, (even those who had their wealth from corruption, let say, government officials) had swiss accounts.

they are really that good at keeping bank account secrets.

YES, IT IS DIFFERENT FROM OUR BANKS , B'COZ IT REQUIRE MILLION OF DOLLARS TO OPEN A BANK ACCOUNT THERE. WITHOUT PAYING ANY TAXES, THEY GET MORE PROFIT FROM BANK

they're from Switzerland and since the Swiss make such good knives people trust that their bank accounts will be defended from Robers with those knives

thats my best guess

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