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The Ultimate Swiss Bank Accounts Quiz
by Staff
Swiss bank accounts are not just for movie stars or money laundering. Accounts are available for all service levels and you may even write checks on your Swiss account. Take this quiz and see how much you know about Swiss bank accounts.

Why would someone want a Swiss bank account?

  • stability
  • privacy
  • both answers

For Swiss residents, how much is the tax rate for interest and dividends?

  • 15 percent
  • 25 percent
  • 35 percent

How long have Swiss banks had a code of secrecy?

  • 100 years
  • 200 years
  • 300 years

What brought about the Swiss Banking Act of 1934?

  • Germany was pressuring Switzerland to disclose account information.
  • France was pressuring Switzerland to disclose account information.
  • both answers

The two largest Swiss banks are Credit Suisse and:

  • Union Bank of Switzerland
  • City Bank
  • Parisian Bank

Why are Swiss banks not really anonymous?

  • only in the movies
  • names are known
  • new laws

To open a Swiss account, how old must you be?

  • 18
  • 21
  • 25

What currency must be deposited?

  • many currencies
  • Swiss franc
  • U.S. dollar

How do you open an account?

  • in person
  • fax or mail
  • both answers

What is an Apostille?

  • guarantees a document is genuine
  • fake document
  • banking statement

How much are maintenance fees on Swiss banks?

  • 30
  • 300
  • 3000

How long does it take to access your money?

  • immediately
  • 48 hours
  • 10 days

What other countries also offer confidential banking?

  • Cayman Islands
  • Mexico
  • Italy

If you cannot prove the origin of your deposit, what may happen?

  • rejection
  • higher fee
  • higher minimum deposit

Where did European Jews deposit money while WWII was brewing?

  • Switzerland
  • United States
  • Italy

What percent of gold backs the Swiss franc?

  • 25 percent
  • 40 percent
  • 50 percent

What is a private Swiss bank?

  • invited to deposit
  • personal service
  • both answers

if you close your account, how long will it take to withdraw your money?

  • immediately
  • 48 hours
  • 10 days

Is it illegal for a U.S. taxpayer to have a Swiss bank account?

  • must disclose on tax return
  • not illegal
  • illegal

To benefit the most from a Swiss banker's investment advice, what type of account balance do you need?

  • low
  • medium
  • high