Private Bank Minimum Requirements
Understanding eligibility criteria and minimum requirements for private banking services
Overview of Private Banking Requirements
Private banks typically have several key requirements for potential clients:
- Minimum investment amount
- Source of wealth documentation
- Financial history verification
- Personal identification and proof of address
Minimum Investment Requirements
| Bank | Minimum Investment | Management Fee | Key Services |
|---|---|---|---|
| Credit Suisse Private Banking | $1,000,000 | 0.45% - 1.35% | Wealth Planning, Investment Advisory |
| UBS Private Banking | $2,000,000 | 0.50% - 1.50% | Wealth Planning, Investment Management |
| J.P. Morgan Private Bank | $5,000,000 | 0.60% - 1.75% | Investment Management, Trust Services |
Documentation Requirements
Identity Verification
- Valid passport or national ID
- Proof of address (utility bills, bank statements)
- Tax identification numbers
Financial Documentation
- Bank statements (6-12 months)
- Investment portfolio statements
- Tax returns (2-3 years)
Source of Wealth
- Business ownership documents
- Investment certificates
- Inheritance documentation
Regional Variations
Switzerland
Typical minimum: $1,000,000
- Strong emphasis on privacy
- Strict due diligence
- International client focus
Singapore
Typical minimum: $1,000,000
- Focus on Asian markets
- Family office services
- Digital banking options
United States
Typical minimum: $3,000,000
- Strict compliance requirements
- Comprehensive reporting
- Investment focus
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