Austrian Sparbuch

The Austrian (Ueberbringer) Sparbuch

YOUR UNIQUE LAST CHANCE TO ACQUIRE AN ANONYMOUS AUSTRIAN SAVINGS (UEBERBRINGER) PASSBOOK!

As of November 01, 2000, the issuance of NEW Austrian Sparbuchs has been prohibited by G-7's FATF. We still have access to a handful of these "vintage" Austrian Sparbuchs issued by various top class Austrian banks such as Bank Austria, in 1994 in stock ready to go - and of course STILL VALID!

TODAY, COMPLETE FINANCIAL PRIVACY IS HARD TO FIND

Even the famous Swiss 'secret' bank accounts have ceased to exist. Since 1991 it has become compulsory for all prospective clients of Swiss banks to provide credit references of some kind, most commonly a verification of identity, a proof of residence, and two independent bank references! The situation is similar throughout most of the world.

Financial privacy throughout the world has been sacrificed to satisfy the insatiable tax greed of the bureau(c)rats in Brussels, thousands of administrators are busily creating the framework of oppression: the legislation will lead to the European Super State. Financial privacy is no longer widely available.

Some people can quite happily live with their bank account information wide open to the rest of the world. However, there are those who value complete financial privacy. Perhaps you want to deposit a secret sum of money away from the eyes - and the hands - of greedy relatives, ex-spouses, friends. Perhaps you want to protect yourself in case of a possible business failure or bankruptcy. Or perhaps you just believe that your money is your own private affair. Is there a solution?

Austria was the front-runner in this field: local banking institutions in Austria offered the famous Austrian Sparbuch, or deposit accounts with a passbook, to their customers. We still have some valid Austrian Sparbuchs in stock!

The Sparbuch is a simple deposit account with a bearer passbook and a specific code-word. Anyone in possession of the account book - Sparbuch - is as far as the bank is concerned, the legal owner of the account. Deposits are protected by a code-word chosen by the client. The bank don't know the identity of the account holder, and no correspondence is sent out. All deposits and withdrawals are recorded in the account book.

What's more, Sparbuchs are bearer - fully transferable - accounts. You can simply hand your Sparbuch over with your code-word to anyone; just think of the possibilities!

The ATM Sparbuch is kept in Euro (EUR). The interest rate is currently about 3% to 5% per year and at least you do receive some return instead of actually losing money to all those extra fees as you would in Switzerland. In any case an anonymous account is typically not one where you would park your funds for optimum profit returns. Rather, it's an extremely low profile safety measure for emergencies and for privacy protection purposes.

In addition to anonymous cash deposits, funds may be deposited by wire transfer using the S.W.I.F.T. system. We provide the full banking coordinates with every account, along with a list of the location of all banks, plus detailed instructions in English or German.

Another major advantage of the Sparbuch is the fact that you can deposit or withdraw up to US$17,000 per Sparbuch per month without so much as an eyebrow being raised! If you were to withdraw more than that from a traditional Sparbuch you would need to identify yourself

In during, say, a week's holiday in the lovely city of Vienna or Salzburg, you could withdraw up to US$34,000 with just TWO Sparbuchs in compete anonymity.

Summation: no ID, no bank statements, no paper trail with the Austrian Sparbuch!

Delivery Time: 2-3 working days.

Some Common Questions & Answers:

Question: What is the account name and/or account number for these accounts?
Answer: All Austrian Sparbuchs have one "account name/title": Ueberbringer ("bearer"), and all are issued with a specific account number.

Question: How about the account code-word? Can I change it?
Answer: Your secret code-word can be any combenination of letters and/or digits, usually of up to ten letters and digits. The code-word can be changed at any time. You will need to provide your passbooks with your old code-word, and the new one.

Question: Is there any minimum deposit that must be kept in the account at all times?
Answer: No. There is no minimum deposit requirement, and there are no account charges whatsoever so your account will never be in the "red", even if you leave the equivalent of US$1 in the account for 2 years!

Question: What currencies are these accounts denominated in?
Answer: Austrian Sparbuch accounts are only available Euros (EUR).

Question: What are the available interest rates?
Answer: Austrian Sparbuchs generally pay 3% to 5% interest annually. However, this rate can be increased to the region of 6 to 8% by agreeing to give the bank 12 months notice before withdrawing funds.

Question: Are there any account charges?
Answer: No. There are no account charges whatsoever.

Question: How can I deposit funds into my account?
Answer: In general, you can deposit money using the following methods:

1. Cash, Checks and Bank Drafts can be deposited in person.
2. Checks can be sent to the bank, quoting the account name and number.
3. Money can be wire-transferred into your account.

Question: How can I withdraw funds from my account?
Answer: To access your money, you can:

1. Visit any branch of the appropriate bank with your Austrian Sparbuch and code-word. The amount you request can be paid out in cash, or as a banker's draft, or even wire-transferred to an account you specify, worldwide.
2. Mail your Austrian Sparbuch to the bank, with your code-word, and request that a bank draft is returned to you, or that funds are wired to an account you specify (anywhere in the world). The transaction will be recorded in your Austrian Sparbuch and it will be returned to you. Using registered mail is recommended.

Question: When banking in person, do I need to use my 'own' branch?
Answer: No. You can show up at any branch to deposit or withdraw funds.

Question: Aren't these accounts restricted to local citizens or residents?
Answer: No. Anybody can own an Austrian Sparbuch.

Question: Can I give an Austrian Sparbuch as a gift?
Answer: Yes, of course. This is one of the main advantages of the Austrian Sparbuch: it is a bearer account! Anybody who possesses the account book and the code-word is presumed to be the legal owner of the account. These accounts are frequently used to pass savings from parents to their children, and so to avoid inheritance tax!

Question: I am concerned about the stability of Austria and/or banks. Is my money safe?
Answer: Over the last four decades, Austria has risen to join the elite ranks of the richest industrialised countries in the world. It is currently one of the most developed and most stable countries in the world, both politically and economically. One major reason for Austria's economic stability is its hard currency policy and the consistency with which it has pursued this policy. The Austrian currency, Euro (EUR), and is a very, very stable hard currency.

Austrian banking institutions have always been favourably perceived by international depositors and many privacy-conscious investors have frequently preferred Austrian financial institutions to those located in Switzerland. Also, Austria does not have any currency exchange restrictions; funds may be freely transferred in and out of the country.

Delivery Time: 10 working days.