How to Open a Secure Private Banking Account Remotely?11 min read

How to Open a Secure Private Banking Account Remotely?11 min read

Opening a private banking account remotely used to be challenging, but thanks to modern digital private banks like The Kingdom Bank, it’s now straightforward and secure. In this article, we’ll explore how to become a private bank account owner entirely online.

How to Become a Private Bank Account Owner?

Traditionally, opening a private banking account required an in-person meeting at a physical branch. 

But with online private banking, the process is simple and can be completed from anywhere in the world. Here are the basic steps:

• Choose a reputable digital private bank. When selecting a bank online, research their reputation, licenses, account minimums, and services offered.
• Submit your application. Most online private banks allow applications via their website. You’ll need to provide identification documents, address verification, and details about your financial situation.
• Complete client onboarding. The bank may request additional information via video call to verify your identity. They’ll ask about your wealth management goals to design a customized solution.
• Fund your initial deposit. Once approved, you can wire the minimum deposit amount, typically $50,000-250,000, to activate your account.
• Start using your new account! As an online customer, you’ll receive online banking access and account management tools via desktop and mobile apps.

Done right, the entire process takes just a few hours thanks to streamlined digital systems. Your new private bank account is then ready for international transfers, investments, cash management, and more.

How to Apply to Open a Private Bank Account?

To apply for a private banking account, you’ll need the following documents ready:

• Valid passport or government ID
• Proof of address (utility bill, bank statement)
• Source of funds documentation
• Declarations of tax status

Then follow these steps:

• Visit the online application page of your chosen digital private bank.
• Provide your personal details like name, date of birth, nationality, occupation.
• Upload copies of your ID and address proof documents. Most banks accept photos or scans uploaded directly.
• Select your preferred currency – USD, EUR or CHF are common options.
• Read and electronically sign the account terms and conditions.
• Wait to be contacted for a video call if required for identity verification.
• Transfer your minimum initial deposit once approved. Then start using your new private banking account!

The entire application process takes 30-45 minutes with an online private bank. Your new private bank account is smoothly activated remotely without fuss.

Is an Online Private Banking Account Secure?

This is understandably a top concern for many considering opening an account entirely online without ever physically meeting bank representatives. 

Reputable digital-first private banks take security extremely seriously due to handling wealthy clients’ assets remotely. Here are some of the measures in place:

• Military-grade encryption is used to transmit and store all personal and financial data on secure servers.
• Multi-factor authentication is required for logging in and authorizing high-risk transactions beyond password protection.
• Transaction monitoring software watches for suspicious activity patterns and implements risk controls.
• Strict identity verification is performed using government identification and digital documentation rather than reliance on physical documentation alone.
• Regular external security audits and vulnerability testing keeps defenses industry-leading. Security practices meet PCI, ISO27001 and Swiss financial regulations.
• In the unlikely event of a data breach, robust insurance policies are in place to reimburse clients for any fraudulent losses.

When choosing an online private bank, look for one with a proven security track record rather than just claims of being secure. 

Industry leaders like The Kingdom Bank have invested heavily in security for near impenetrable defenses keeping client accounts and sensitive information fully protected 24/7.

The Safest Digital Bank to Open a Private Banking Account

For those seeking the gold standard in digital private banking security and services, few can compete with The Kingdom Bank. Here’s an overview of why it’s considered the premier choice globally:

• Security Infrastructure – Military-grade defenses including biometric ID, dual private/public key ID infrastructure, institutional-level firewalls and DDoS protection. Compliant with ISO27001, PCI DSS Level 1 and other top security frameworks.
• Account access – Highly secure mobile app and web portal allow banking on the go with full functionality. Log in uses multi-factor authentication for maximum security and peace of mind.
• Wide service offering – Thousands of no-fee ATMs globally, free transfers between banks, check writing ability, payment cards, lending, investments and world-class 24/7 client support.
• Bank stability – As one of the largest digital private banks,The Kingdom Bank has proven experience and financial stability serving clients globally for over 10 years. Backed by a rock-solid balance sheet.
• Positive reputation – Repeatedly earns top recommendations and reviews for security, service quality and ease-of-use. Provides exemplary client privacy and digital banking experience.

When it comes to finding a secure and trusted remote private banking solution, The Kingdom Bank stands alone as the clear provider of choice for digital banking done right. 

Our focus on security, service and stability make us ideal for managing wealth online from anywhere worldwide.

Opening a Remote Secure Private Banking Account

To open an account with The Kingdom Bank remotely only takes a few simple steps:

• Visit The Kingdom Bank’s website and select “Open an Account”.
• Electronically submit required ID documents like passport and utility bill for proof of address verification.
• Complete the online application providing details of expected transactions, source of wealth, net worth and more.
• Within 2 business days The Kingdom Bank will verify all provided information and either approve or request additional documentation.
• Once approved, the minimum deposit amount must be transferred from your personal bank to activate the new private account.
• You’ll receive secure login credentials and be able to access the full suite of digital private banking through the mobile app or web portal immediately.
• Begin enjoying wealth management features like goal-based planning, investments, lending, multi-currency accounts and more remotely from anywhere worldwide.

That covers the entire simple sign up process that can be accomplished in under an hour without physically visiting a bank branch anywhere. 

The Kingdom Bank’s online account opening model has truly made securing private wealth management accessible from a smartphone or computer screen globally.

Digital private banking platforms like The Kingdom Bank now make it straightforward to access top-tier private and wealth management services remotely without compromise to security or experience. 

Our robust defenses, wide functionality and ease-of-use truly set the standard for how private banking should be done in the modern digital world from anywhere.