Safra National Bank of New York (SNBNY) is the American branch of the renowned Safra banking dynasty, with over 180 years of history. SNBNY is among the top 20 largest deposit banks in New York and successfully combines private banking traditions with innovative digital solutions for international clients.
The bank manages assets exceeding $300 billion and holds a license from the Federal Reserve System. It is one of the few US financial institutions offering non-residents the opportunity to open accounts remotely—so you don’t need to go anywhere unless you want to.
Safra National Bank of New York offers you direct access to the American financial infrastructure, guarantees full confidentiality, and offers customized solutions for individuals, including for family offices and trust structures. If you’re looking for stability, efficiency, and well-regulated procedures, this bank is an excellent choice.
A personal account can be opened remotely, without visiting the US. The service starts at €5,000, and the process typically takes one month or more, depending on the circumstances. We will assist you at every step to minimize risks and save your time.
Key Advantages of Safra National Bank of New York
Safra National Bank of New York is the choice for those who value financial stability, strategic thinking, and a personalized approach. Its services are particularly suited for high-net-worth individuals (HNWI), international investors, and family offices who prioritize confidentiality, reliability, and long-term perspective.
Advantages of the Bank:
- Conservative Approach and Stability: Benefit from stability with investment decisions made based on risk assessments, deep diversification, and a focus on long-term stability.
- Personalized Approach: Enjoy tailored solutions including multi-currency accounts, premium bank cards, investment support, custodial, and trust services — all customized to your jurisdiction, tax status, and goals.
- International Reach and Remote Management: Access accounts in six currencies (USD, EUR, CHF, BRL, JOD, NIS), investment instruments, and remote management through the SafraLink® platform. The bank works with clients in the US, Switzerland, Brazil, and other countries.
- Confidentiality and Trust: Feel protected knowing the bank adheres to strict internal information security standards and regulatory requirements, ensuring data protection at all levels.
- Personal Service Without Bureaucracy: Work directly with a personal manager who handles everything, from account opening to investment management, confidentially and efficiently, so you can focus on your business without delays or red tape.
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Check the list of required documents, and get the details of the process, terms, and costs.
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Types of Accounts
The bank offers a wide range of products to its clients:
- Personal accounts
- Investment services
- Family capital and trust support
The bank’s clients can also apply for premium American Express Centurion and VISA Platinum bank cards.
| Account / Product | Purpose | Conditions |
| Money Market Account / Promise MMA | Interest-bearing account with limited access to funds | Checks: $20 each after 3 per period Min. Withdrawal: $500 |
| Safekeeping of Securities | Storing securities (stocks, bonds) | Storage Fee: 0.50% annually (billed quarterly) Min. Quarterly Fee: $375 Reporting/Debit: Quarterly. |
| Certificate of Deposit (CD) (non-foreign currency) | Fixed term deposit | Min. Term: 6 months Min. Amount: $100,000 Shorter Terms: Available for large deposits Early Withdrawal: Penalties may reduce principal |
| Foreign Currency CD | Similar to a standard CD | Risk: Subject to currency fluctuations Terms: Same as regular CD |
| Foreign Currency Account | For holding funds in foreign currency | Maintenance Fee: $100/month Interest: None |
| IBF Deposit (Non-Residents) | For international clients | Terms: Available upon request Fees: Standard rates apply |
General Fees for Individuals:
- Account maintenance: $1,500/year
- Account closure: $1,000
- Inactivity for over 12 months: $100/month
- Dormant account (over 36 months): $100/month
- Automatic transfer limit: 6 per month, no more than 3 checks.
Documents Required to Open an Account
To become a client of Safra National Bank of New York as an individual, you need to prepare the following documents:
- A passport and another document verifying your identity.
- Proof of residence (e.g., utility bill).
- Documents verifying the source of funds and your wealth.
- Sometimes, the bank may request a reference letter from another bank or a financial advisor.
The cost to open a personal account starts at €5,000, with a typical processing time of one month.
How to Open an Account: Step-by-Step Guide
Opening an account at Safra National Bank of New York is fully remote, without the need for an in-person visit. Our experts will assist you through every step — from choosing the appropriate account format and preparing the document package to passing compliance checks and activating all services.
Step-by-Step Procedure to Open an Account:
Prepare your documents and submit your application to the bank.
Complete the KYC verification process.
Receive application approval.
Deposit the minimum required amount.
Activate your account.
Once your account at Safra National Bank of New York is open, you will have access to a full range of banking services, including premium debit cards and the modern SafraLink asset management platform.
A personal account at Safra National Bank of New York connects you to an exclusive financial system that values stability, confidentiality, and a strategic approach to capital management. We handle everything — from analyzing your profile and selecting an account to liaising with the bank and managing all procedures. Contact us today to start working with one of the world’s most prestigious private banks!
