What's All the Fuss About Swiss Banks?

Why people want to save their money in Swiss banks? ? ?

We hear about them in television and in the movies, but only a fraction of Americans really know the backstage workings of Swiss banks. In movies, bandits and narcotraficantes have Swiss banks to protect their money from other countries that may be prosecuting them. Exactly, what is all the fuss about Swiss banks?

The reasons people look to put their assets in Swiss banks are because of several factors that outweigh the banking system in almost any other country. Switzerland is a very economically and well as politically stable country. It did not participate in neither of the world wars and the Swiss franc has never suffered from high inflation. Unemployment in Switzerland is incredibly low which adds to the stability of the nation's economy. Bottom line, your savings will not be affected by any crises.

There are a plethora of advantages to having a Swiss bank account, one of them being the level of privacy one attains. Visiting your bank is about as confidential as the information you may share with your doctor or lawyer. The government has no way of finding out who owns which bank account, like the way banks are linked with the government in the US. If one goes to jail in America or gets deported, all of their investment and funds are seized by the government. Switzerland's laws state that disclosing such information is punishable with up to 6 months in jails for bankers. Security is a priority, which is why so many drug traffickers and mafiosos have Swiss bank accounts.

Have money you don't want people to know about?

Put it in a Swiss bank.There are different types of banks, those who are private (for the mega rich offering very personal services) and those for the common people called numbered accounts. Accounts can be in almost any currency, but most people stick with Swiss francs, Dollars, Euros, or Sterling. Interests on savings accounts (up to 6-7%) are generally higher than they are in the United States which is also another benefit to having a Swiss bank account. Also, Swiss banks are totally tax-free.

Contrary to popular belief, one does not have to physically go to Switzerland to open an account as it can all be done by mail. One can even request to have an international credit card with the opening of their account.

The top Swiss banks are: UBS AG and Credit Suisse.

Comments

Email On Deck: A disposable email address that works

Today, Team Inforpioneer brings an interesting Email service for our reader which will definitely help our readers to improve their internet security and will benefit in some other ways. Here is a short description of this service. EmailOnDeck.com is the premier site for all things relating to temporary, disposable and throwaway email addresses. We want to help you avoid SPAM, protect your online privacy, and stop you from having to give away your personal email address to every company and person on the internet who insists on you giving it to them. We work hard and will continue to work hard to give you a disposable email address that works with any site or app. We hope to help give you back the control of deciding who you want to give your personal info to. Temporary emails are perfect for any transaction where you want to improve your online privacy. Use them when you buy or sell Bitcoins or trade cryptocurrency, at exchanges, or locally. They can be used for QA testing of e

Top 101 Ways to Promote a New Blog

Promoting a new blog can be quite daunting, but it doesn’t have to be. As you might expect, breaking down blog promotion into small, actionable tasks eliminates the mental road block you’ve probably experienced when trying to wrap you head around how to get people’s attention. You don’t have to do everything in this list, and some items will have a greater effect then others, but every tactic will at least drive some traffic, and any traffic is better than no traffic. Content 1. Write a list of over 100+ resources or ideas. 2. Write the definitive guide to something. Spend time making this awesome. 3. Release a manifesto . 4. Release 2 manifestos . 5. Interview cool people. People like talking about cool people. 6. After your articles are indexed in search engines, break them up into smaller articles and submit them to ezinearticles.com (and other article directories). 7. Or just pay someone to submit the articles for you . 8. Write a list of all the cool blogs and people in your nich

Cell Phone Buying Guide 2010

I outline some of the most important factors to look into when purchasing a new cell phone. When your old cell phone squeaks like a rusty door hinge, has more lint under the screen than your jean pockets, and lasts half an afternoon with a full charge, it’s time for a new one. But with most cell phone contracts lasting two years, a new phone shouldn’t be the type of purchase you make lightly. Check out our quick and dirty guide to your next phone purchase to make sure you cover all the bases on your shopping trip. Choosing a carrier Because most U.S. cell phone carriers heavily subsidize phone purchases in exchange for two-year contracts, and lock the phones to their networks, your choice of cell carrier will have more impact on which type of phone you end up with than any other factor. If you already have carrier and feel satisfied with it, the choice is easy. If not, you’ll need to choose one. AT&T, T-Mobile, Sprint, and Verizon dominate the cell phone market in the States. Speak

Info Pioneer

Search This Blog