Private Banking (Savings) accounts can be viewed as “vaults” for the storage and accumulation of wealth for the clients of Dukascopy Bank.
While the Multi-Currency Account (MCA) is targeted at retail clients with wealth below $100′000, clients with wealth exceeding $100′000 can benefit from the Private Banking (Savings) services. The main use of Savings accounts is the storage and accumulation of wealth while the MCA is for every-day retail transactions.
The following benefits are available to Private Banking clients:
- Keep wealth in a Swiss bank
- Possibility to deposit and store $100′000 and more
- Personal account manager
- Investing their wealth in gold, silver, oil, gas, stocks, many indexes and cryptocurrencies
- Accessing funds with premium Visa, Mastercard or American Express credit cards
Comparison between MCA and Private Banking (Savings) Account
| Account services | Multi-Currency Account (MCA) | Private Banking (Savings) Account |
|---|---|---|
| Personal account manager | ||
| Funds above $100′000 | ||
| For private use | ||
| CHF 100′000 deposit protection | ||
| Remote account opening worldwide via video-identification 24h/7 | ||
| Accounts in 22 different currencies |
How to apply?
Private Banking (Savings) accounts are available to Multi-Currency Account (MCA) account holders who want to deposit more than $100′000.
Steps to apply for Private Banking (Savings):
- open MCA account
- contact support@dukascopy.bank to request Private Banking (Savings)
- provide necessary documents to explain the source of funds