Since High Net-Worth Individuals possess considerable assets than an average individual, they are more likely to utilize dedicated financial services that demand bulk investments such as real estate and hedge funds. Private banking services provided by some firms also include taxation solutions, succession planning.
Eligibility Criteria for Private Banking
Most private banks like SUISSE BANK PLC, typically require a minimum balance for the clients to activate their private account. This may include bank deposit or any kind of investments, individual retirement accounts, or other investable assets. For instance, certain banks need just a first payment of 10,000 EUR to enjoy the best private banking services. This amount isn't any kind of bank deposit and is freely available to the client. However,the minimum amount required may vary from one bank to another and it is advised to get complete eligibility details from your dedicated relationship manager.
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