How much money is needed to get an investment bank account?

Question

I heard somewhere that to open a bank account in the Lazard-Rothschild bank, you need to have 2 million euros. Is that true? More generally, I would like to know what is the minimal amount of money necessary to open an investment bank account.

score 3 · Answer 1 · answered Jun 11 '21 at 20:39

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With Schwab I believe there is no minimum. For vanguard I believe they have a star fund that is $1000

https://clark.com/personal-finance-credit/vanguard-lowers-fund-minimums-1000/

answered Jun 11 '21 at 20:39

Mark Monforti

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score 1 · Answer 2 · edited Jun 13 '21 at 05:40

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Most banks have no minimum, you can open an account with 1 cent if you care to. There are probably some banks that will not bother about clients under a certain limit, but obviously, every bank in the world makes their own decision about that.

edited Jun 13 '21 at 05:40

Flux

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answered Jun 12 '21 at 18:31

Aganju

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How much money is needed to get an investment bank account?

2 Answers2