Mercantil Bank (Schweiz) AG

Mercantil Bank (Schweiz) AG is a Swiss-licensed private bank focused on wealth management, custody, and transactional services for high-net-worth and international clients, operating under FINMA supervision and the Swiss depositor protection scheme (esisuisse, currently covering up to CHF 100,000 per depositor for eligible deposits). The bank typically provides multi-currency accounts, portfolio management (advisory and discretionary) across listed securities, funds, and structured products, execution and brokerage, foreign exchange, term deposits, and collateralized lending such as Lombard loans; mortgage or other credit facilities may be available subject to policy and collateral. Client assets held in custody are segregated under Swiss law, and capital and liquidity frameworks follow Swiss and Basel standards. Account opening is selective and subject to enhanced KYC/AML checks, source-of-wealth verification, minimum funding thresholds, and cross-border restrictions; onboarding timelines can extend if documentation is complex. Pricing generally combines custody charges, advisory or management fees, transaction commissions, and FX spreads; use of third-party funds or structured products can add product costs, and clients should request a complete fee schedule and retrocession policy. Remote channels usually include e-banking alongside relationship manager coverage; this is not a mass-market retail proposition, and product breadth, research access, and primary market allocation are typically narrower than at global investment banks. Cross-border tax reporting under CRS and FATCA applies according to the client’s status, and service availability varies by jurisdiction. The proposition suits clients seeking a Swiss booking center and personalized coverage; those prioritizing low account minimums, extensive digital features, or branch-based retail services may find the model less suitable.