Private banking is a range of financial and banking services provided by a bank or other financial institution, usually to affluent customers - also known as high net worth individuals. Unlike traditional checking accounts, a personal bank account is traditionally opened with the expectation that the bank will hold the money for you. If you are looking for a secure and reputable bank for wealth management or other private banking services, the Confidus team can help you find the most efficient solution for all your needs.

Opening a private bank account requires a certain amount of paperwork and a process to go through. While the main requirement for opening a private bank account is depositing a certain amount of cash, there are cases where applicants are denied opening a private bank account for other reasons. Each year, around 5% of applications are denied due to suspected fraud or illegal activity.