The Site Discount Swiss Bank Fees

Discount Swiss Bank Fees are very useful, for some people, they can charge fees, so discount ones, will be less expensive, but there may be a catch. Swiss banks are world-renowned for their secretive nature and protection of clients. Swiss banks generally have higher confidentiality than other banks, based on Swiss bank law, which regulates what information the banks can give out. In general, there is no way to trace the source of money placed on deposit with a Swiss bank; they do not routinely confirm whether a named person holds an account or not.

Due to international pressure, Switzerland in 2003 lowered the restrictions, and allowed international police information about suspected criminals. Swiss banks also have come under fire in recent times due to their actions towards Jewish account holders after the Second World War, and also due to the fact that money that Nazis plundered from defeated countires as well as prisoners were held in Swiss banks.

There are about 400 banks in Switzerland, ranging from the "Two Big Banks" down to small banks serving the needs of a single community or a few special clients. The Two Big Banks, namely UBS and Credit Suisse, have extensive branch networks both throughout Switzerland and in many international centers. Banks are licensed by the Swiss Federal Government through its Banking Commission, and may operate throughout the country. A number also have offices or other representation in foreign countries.

The Swiss banks have a long reputation for managing investment portfolios for their clients, and providing other services such as estate planning, wealth management, trust companies, etc., for individual customers.