Swiss Bank Account Swiss Bank Account  
Banking Switzerland News Offshore News Apply Home

Terms and Conditions

Business terms and conditions for First Advisor Ltd. bank account set-up service.

Your access and use of the Site is subject to the following Terms and Conditions ("Terms") and all applicable laws. By using the Site, you accept, without limitation or qualification, the Terms. If you do not agree with any of the below Terms, do not use the Site.

The First Advisor Ltd. ("the Company") will perform the service of opening a bank account (herein referred as "the Account") for the customer ("the Customer"). The service is limited with the opening of the Account and all relations thereafter are between the Customer and the bank. The service is the opening of the Account and the successful providing of extra-services such as credit cards or internet banking access is not guaranteed and is offered "as is". The Company does not hold responsibility for not setting-up these extra-services. The service can only be employed for legal purposes as determined by Swiss law.

Set-up fee
We charge a one-time fee to set-up accounts ("the set-up fee"). The set-up fee consists of the application fee and the account opening fee, and can be changed at any time without notice. It should be paid before the Company begins the performance of the service.
The Customer can pay the set-up fee by Western Union or by bank transfer or by using a valid VISA or MasterCard credit card bearing Client's name.

Refund policy
The set-up fee consists of 2 parts - the application fee and the account opening fee. The application fee is not refundable once paid.
The second part - the account opening fee can be returned under certain conditions:
The full refund of account opening fee will be paid by the Company to the Customer if the Company cannot arrange the Account opening for the Customer AND the Customer fulfilled all the requirements and provided all the needed documents, such as bank account statement, utility bills, recommendations, work contract or other documents evidencing the economic source of the assets, as well as provided a valid passport indicated in the application.
In case of cancellation the order by the Customer, no refunds will be provided.

Right of refusal
The Company retains the right to refuse and/or discontinue service to a customer without offering any reason therefore, even though the Application forms have been properly completed, signed by the Customer and presented to the bank. In no event shall the Company, its directors, officers, employees or other representatives be liable for special, indirect, consequential, or punitive damages that might arise from the impossibility or refusal to open the Account. The relation between the Customer and the bank is strictly submitted at all moments of the relation to the regulations of the bank. The bank is free to open the Account. The bank also is free to take any decision during the relation, such as closing or freezing the Account or refusing a transaction. The Company cannot be responsible for any consequences, financial, or other, that might arise from any decision or action of the bank. Moreover, no documents, information or assessment given by the Company can be taken as a commitment of any kind of the bank.

No warranty
The Company makes no claims, representations or warranties, either express or implied, of any kind with respect to the Account, including warranties of quality, service, safety or fitness for a particular purpose. The Company expressly disclaims all warranties, express or implied, of any kind with respect to fitness of the Account for a particular service or Customer's needs. The Company does not warrant that it will provide all the facilities the Customer will want or that the Customer has the right to open and operate the Account according to foreign laws. The stated exclusions and disclaimers are an essential part of this agreement and formed the basis for determining the set-up fee.

Due diligence
The Customer must accurately describe the economic origin of the assets as requested by the Company that he/she will transfer on his/her bank account. This information should be given to evidence due diligence of the Customer, and is kept strictly confidential. The Customer agrees also to fully disclose the beneficial owner of the assets if it is a third party. The Client has to give proof of his/her identity as requested by the company.

The Company will strictly respect the Customer's confidentiality. No information will be sent to a third party without the consent of the person concerned, save in the case of a court order from a relevant Swiss court. The Customer authorizes the Company to provide evidence and information about the Customer in the Company's possession when required by law, court order or regulatory authorities to do so, as part of any procedure concerning the payment of the fee owed to the Company.
The Customer also authorizes the Company to communicate this information to the bank with which the account will be opened. Finally, the Customer authorizes the bank to communicate the Company as regards the date of opening of the Customer's account.

Legal security
A Unique Service Culture
Tailor-made Solutions
Exceptional Security
Optimum Performance
Ranked Among the Best
The Impact of Research
Transparency and Competitiveness
Institutional Successes
Swiss Banking Secrecy
Banking Secrecy
The identity of client
Origin of banking secrecy
Domestic Law: Procedure
Preserving Documents
Protection of Personal Data
Tax Authorities
Foreign Banks
Criminal Law
Funds Derived From Drug-Trafficking
The Exercise of Due Diligence
Money Laundering
Banking Sector
Political and Social Life

Send me more information to

  Terms & conditions

The information contained in this Website is not meant to substitute qualified legal advice given by a specialist knowing your particular situation. We can't be held liable for any loss or damages whether direct, incidental, indirect, special, or consequential, among others, relating to the access to its Web site. Disclaimer

© 2001–2014
No part of this site may be reproduced without our written permission.