LGT BANK (AUSTRIA) LTD
THE COST OF OPENING AN ACCOUNT:
FROM 900 EUR
GENERAL INFORMATION
LGT Bank (Austria) Ltd
Austria
www.lgt.com
2007
The bank was established in Liechtenstein in November 1920. After almost a century of successful work LGT has opened representative office in Austria in 2004, and in 2007 it established LGT Bank (Osterreich) AG with a full banking license. In September 2012, the Bank was reformed from subsidiary bank into full-fledged branch of LGT Bank in Liechtenstein Ltd in Austria, and nowadays it efficiently operates.
There are approximately 1,900 people in the personnel of LGT, 100 of whom are the employees of the Austrian branch. 8 people work in the Eastern Europe Client Relations Department, and everyone speaks Russian.
Agreement on the avoidance of double taxation was concluded; AML legislation is strictly observed; Active membership in the OECD, FATF, Basel Commitee, Egmont Group, and others.
ACCOUNT
Not required
Detailed
Savings
Personal; Corporate; Savings
For the purpose of opening an account visiting the bank is not mandatory, the account can be opened remotely. However, meeting with the personal manager should be held within 3 months. The representative of the bank visits Moscow 1 time per month
Copy of the passport. For legal entities – standard set of documents, depending on the jurisdiction of the country
Calculated and perceived
Opening an account is possible without entering the country of the bank; Opening an account is possible without necessity to visit a professional introducer
RATING
TERMS
300000 €
150000 €
Value date is in 2 days after conducting transaction. Urgent transfer is carried out on the same day (if the request was submitted before cut off time (14:00)). Normal delivery + 2 days. Surcharge for urgent transfer will be charged. EUR – 15.30, USD – 16
SERVICES AND COSTS
Transfer fee (personal account) is 100 EUR per transaction. Corporate Account: For amounts less than 100 000 EUR – 100 EUR per transaction; for amounts less than one million EUR – 500 EUR per transaction; for amounts less than 5 million EUR – 750 EUR per transaction; for the sum of more than 5 000 000 – 1 500 EUR per transaction
Crediting payments is free of charge
Opening an account – 200 EUR. Account Services – EUR 60 quarterly. Account Closure – 200 EUR
Depending on the type of card issued, there are four possible levels of payment limits: 5000, 15 000, 30 000 and 50 000 EUR
It is common practice to block the amount equal to double limit. However, it is possible to release the card when the balance is 300 000 EUR
Telephone, fax, e-mail – with the codes or without them (upon request of the client). Internet-banking – view mode only
Opportunity to invest in the portfolio of Princely Family. Discretionary (trust) asset management, individual financial planning, advice on all investment instruments and property management, estate planning. Consultations on art and charity. The bank offers loans to purchase real estate in Austria (terms are being negotiated individually)
Visa and MasterCard. Such cards as Platinum and Centurrion Black Card are possible (if the account balance amounts to more than 1 million). Issue of the card costs 100 EUR. Cost of service is EUR 50 quarterly
Free of charge, included in the cost of service
GENERAL INFORMATION
Name
Country
Official site
Faunded
History
Employees
Security
LGT Bank (Austria) Ltd
Austria
www.lgt.com
2007
The bank was established in Liechtenstein in November 1920. After almost a century of successful work LGT has opened representative office in Austria in 2004, and in 2007 it established LGT Bank (Osterreich) AG with a full banking license. In September 2012, the Bank was reformed from subsidiary bank into full-fledged branch of LGT Bank in Liechtenstein Ltd in Austria, and nowadays it efficiently operates.
There are approximately 1,900 people in the personnel of LGT, 100 of whom are the employees of the Austrian branch. 8 people work in the Eastern Europe Client Relations Department, and everyone speaks Russian.
Agreement on the avoidance of double taxation was concluded; AML legislation is strictly observed; Active membership in the OECD, FATF, Basel Commitee, Egmont Group, and others.
ACCOUNT
Terms of opening for admission (days)
Opening terms for cancellation (days)
Recommendations
Description of activity
Account type
Types of accounts
Departure to the bank
Required documents
Account opening, probability
Particularities during account opening
10
10
Not required
Detailed
Savings
Personal; Corporate; Savings
For the purpose of opening an account visiting the bank is not mandatory, the account can be opened remotely. However, meeting with the personal manager should be held within 3 months. The representative of the bank visits Moscow 1 time per month
Copy of the passport. For legal entities – standard set of documents, depending on the jurisdiction of the country
Calculated and perceived
Opening an account is possible without entering the country of the bank; Opening an account is possible without necessity to visit a professional introducer
RATING
Rating in the world
Country Rating
Rating on loans
601
1
A+
TERMS
Balance, minimum
Limit of transfers (per month)
An initial fee
Term of contribution (months)
Transaction speed
300000 €
3
150000 €
3
Value date is in 2 days after conducting transaction. Urgent transfer is carried out on the same day (if the request was submitted before cut off time (14:00)). Normal delivery + 2 days. Surcharge for urgent transfer will be charged. EUR – 15.30, USD – 16
SERVICES AND COSTS
Cost of translation
Cost of enrollment
Cost of account maintenance
Credit card restrictions
Insurance for credit cards
Access to the account
Bank services
Bank cards
Cost of extracts storing
Transfer fee (personal account) is 100 EUR per transaction. Corporate Account: For amounts less than 100 000 EUR – 100 EUR per transaction; for amounts less than one million EUR – 500 EUR per transaction; for amounts less than 5 million EUR – 750 EUR per transaction; for the sum of more than 5 000 000 – 1 500 EUR per transaction
Crediting payments is free of charge
Opening an account – 200 EUR. Account Services – EUR 60 quarterly. Account Closure – 200 EUR
Depending on the type of card issued, there are four possible levels of payment limits: 5000, 15 000, 30 000 and 50 000 EUR
It is common practice to block the amount equal to double limit. However, it is possible to release the card when the balance is 300 000 EUR
Telephone, fax, e-mail – with the codes or without them (upon request of the client). Internet-banking – view mode only
Opportunity to invest in the portfolio of Princely Family. Discretionary (trust) asset management, individual financial planning, advice on all investment instruments and property management, estate planning. Consultations on art and charity. The bank offers loans to purchase real estate in Austria (terms are being negotiated individually)
Visa and MasterCard. Such cards as Platinum and Centurrion Black Card are possible (if the account balance amounts to more than 1 million). Issue of the card costs 100 EUR. Cost of service is EUR 50 quarterly
Free of charge, included in the cost of service