answersLogoWhite

0


Best Answer

Swiss Banks are considered the worlds safest as well as most secretive banks. A swiss bank will never share the details of their customers, unless and until the person asking for it has the legal authority to do so and that too after they can prove that the account holder has done some criminal activity in order to earn that money. That is why people prefer swiss banks.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why do people favor Swiss bank accounts?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Did the Allies uncover all of Adolf Hitler's secret bank accounts in Swiss Banks?

No, the allies were not able to uncover all the Adolf Hitler's secret bank accounts in the Swiss Banks.


Where do rich keep their money?

In Swiss bank accounts. No tax and total secrecy.


Why get a Swiss bank account?

So the federal government can't freeze your accounts. No taxes either


How many secret Swiss bank accounts did Hitler have and how many were ever uncovered and deposits?

yes now in hell


Are there any banks more secure than a Swiss bank account?

There are not any banks more secure than a Swiss Bank Account. this is due to the Swiss laws that govern the banking system in that country. They do not give into other countries demands to know about accounts held there.


How many bank accounts are there in the world?

Only %20 of the world have bank accounts so approximately 8,550,633,750 people.


How can you start a Swiss bank account?

how can i start a Swiss bank account


What can a credit card company attach if a judgment is found in their favor?

Any assets you have such as property, automobiles, bank accounts or wages.


Is sonia gandhi has a Swiss bank account?

Not now...after US became strict with Swiss banks...she moved her accounts to different banks in maldives, mauritius, Britain, british Columbia, hawai and carribian islands


When did Swiss Bank Corporation end?

Swiss Bank Corporation ended in 1998.


When was Swiss Bank Corporation created?

Swiss Bank Corporation was created in 1854.


When was Swiss National Bank created?

Swiss National Bank was created in 1907.