"WHY SWISS BANKS ARE SO FAMOUS..." by Erialda in Dukascopy Forex Community
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WHY SWISS BANKS ARE SO FAMOUS...

Make a poll , and ask all your friends and people you may know...
Which are the best banks on the world to deposit money ...., and all they will answer you :
SWISS BANKS ...


Ok , but why are so good... why are so famous ...?

All of them will answer :Because of account privacy

Yes it is one of the reasons or the main reason ...

Swiss banks are providing you the complete privacy of your accounts. No one can get your account’s information from Swiss banking system. In Swiss banks your accounts are completely safe and secure. Only police or intelligence agencies have the authority to get your account’s information if you are a criminal.

But there are other reasons too...
  • Political stability in Switzerland

Switzerland is the most stable country in the world as it has not been at war with any other country since 1505. The government of Switzerland is not facing the problems, what other under developed countries are facing. The political conditions are stable in this country.

  • Safe banking in Switzerland

Swiss banks are very safe to deposit your money. There security system is very strong with strong management. There is no chance of losing your money if you deposit them in Swiss banks. So deposit your money with out any fear of losing that money.

  • Stability in currency rates

Switzerland is a prosperous nation with gross domestic product higher than that of most western European nations. In addition, the value of the Swiss franc (CHF) has been relatively stable compared with that of other currencies so Switzerland is one of the most stable country in this world. The currency is also very stable and there is no chance of down fall of the currency. The government and central banks have a very strong management with stability of gold, silver and other money making metals. They are following the rules of money formation and hence their currency is too stable.

  • Good quality banking services

Swiss banks are providing the most efficient and quick banking in the world. They are offering many facilities and good quality banking to their clients. Swiss banks are providing following banking services;

  1. Internet banking (you can use your account online on internet and can also transfer your money from one account to another account).
  2. Sophisticated investment services
  3. Multiple currency accounts (you can use multiple accounts for different currencies if you are dealing with more than one currency).
  4. Other high-level services like deposit box option and many more.
You have to know :

  1. All banks are regulated by Financial Authority :Banking in Switzerland is regulated by the Swiss Financial Market Supervisory Authority (FINMA), which derives its authority from a series of federal statutes.
  2. In 2009, the financial sector comprised 11.6% of Switzerland's GDP and employed approximately 195,000 people (136,000 of whom work in the banking sector); this represents about 5.6% of the total Swiss workforce. Furthermore, Swiss banks employ an estimated 103,000 people abroad

I think this information is more reasonable why we should trust our money to a Swiss Bank... What do you think ...? I searched for hours for a chart to display the total volume of deposit swiss banks in years, but unfortunately i didnt found it , so i m sorry why my article is so poor in statistics ....

Thanks for your time


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seediee avatar
6 Авг.

hm hm I lost my money in Slovenian bank after the war in Croatia and nobody has returned our money to us! Never! Can you imagine that? Totally unprotected... :(

Erialda avatar
6 Авг.

OMG seediee, and how about security agency deposits, all banks are secured in their country in that agency, the max limit if you lose money here 8.000 Euros, i you have more than that , bad luck , cause if the bank fails you only get those 8.000 euros, even if you have millions in your deposit

seediee avatar
6 Авг.

I know, but this is between countries of ex-YU and everything is on the court for more than 20 years, but I doubt in my mind that it will solve nothing. Everything I earned as a kid in my pro swimming had gone into the wind! And my family money too! :( Bad experience! C'est la vie! ...

Jorida avatar
12 Авг.

interesting information thanks

alltrade avatar
26 Авг.

I agree with Jester, hard assets are always the more secure way to go, I liked the way Swiss banks WERE but as Metal_Mind has said, things have changed recently for the worse.
@pawansansawal, the problem is that most Indians (most of the world for that matter) believe in socialism/communism & socialism/communism = government gets to ROB everybody a lot more = rich politicians & bureaucrats
To think that we can give someone power over us & they won't misuse it to their own advantage is naive........the faster all of us learn this truth the better for all of us.

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