Why are Swiss bank accounts so popular? Whats the big deal? What is a Swiss bank account?

Question

Why are Swiss bank accounts so popular? Whats the big deal? What is a Swiss bank account?

Answer 1

professionalism + discretion = winning combination

Answer 2

At the very simplest level, Swiss banks account are SUPER secure and virtually untouchable by a government (typically the U.S. who can, under certain circumstances, GO INTO your bank account to retrieve funds that are due to them.)

Answer 3

the swiss like INVENTED hot chocolate. id keep my money there too.

Answer 4

I really don't know... but I gave you a star cause I like this question. I'd like to know too ♥♥♥ Thanks for asking!! ...=)

Answer 5

If you don't know what it is don't worry about it.

Answer 6

Its a bank account that is not linked to anyperson or any other bank. you are identified by a number and a pass code. Lets say you die and you never gave anyone your id and pass. that money would be forever lost and it's like it never was there. I am not sure how many people really use these things but its the best way to hide money from the government.

Answer 7

Swiss banks and their accounts are popular in the United States first because they are over-seas, thus making electronic hacking "slightly" more difficult. Second, they have the policy that privacy and non-disclosure is one of the most basic fundamentals in a democracy, which translates into their banking system as well. Their main competitors (as far as privacy, etc) are Singapore, and Panama (Panama is Latin America's largest banking center).

For more info, I would advise you to see the Wikipedia Article on it:

http://en.wikipedia.org/wiki/Banking_in_...

Answer 8

Swiss banks are very secure I blieve. If you put your money there. You will not lose it.

PS as a side note, if you do invest their and do lose money, I am in no way liable.

Answer 9

if swiss bank account are popular, you will surely know what it is by now, right ?

Answer 10

Since these bank accounts are overseas, you dont have to report any profits on your taxes because it is not American currency, in addition, it is a good way to hide because it is overseas, what it all boils down to is it is very secret, check this link out on Wikipedia

http://en.wikipedia.org/wiki/Swiss_bank_...