The British Royal Family, including the late Queen Elizabeth II, uses Coutts & Co., a prestigious private bank known for serving the aristocracy, which has served every monarch since the late 18th century and is part of the NatWest Group. Coutts, founded in 1692, is famous for its wealthy clientele and has a long history with the Royals, even having a cash machine at Buckingham Palace, though monarchs rarely use cash.
Officially, Coutts requires that you have at least £1m in investments or borrowing, or £3m in savings, to bank with it. (You will remember that this was the version of the Farage story leaked to the BBC before he obtained the internal memo that revealed the reality.)
We're not a private bank, so we don't set minimum criteria for income, assets or mortgages.
Morgan Stanley, which has a $2.3-trillion wealth management unit, has tripled its loans to high-net-worth individuals in the last five years. Musk has also been a client of Morgan Stanley's investment bank, hiring it and Goldman Sachs Group Inc.
Coutts & Co (1692-date), established in London, is part of NatWest Group.
Industrial and Commercial Bank of China Ltd.
As of 2025, Industrial and Commercial Bank of China (ICBC) is the largest bank in the world in terms of total assets under management.
9 of The Best Banks For High Net Worth Individuals
Tesla bears may not have noticed it, but Tesla profits are forecast to 3x over the next five years. I won't keep you in suspense. The answer is: $8,862.79. That's how much money you'd have today if you had invested $1,000 in Tesla (TSLA +2.06%) stock five years ago -- and it's a pretty nice return, right?
As of early January 2026, Elon Musk is consistently ranked as the world's richest man, leading lists from Forbes and Bloomberg, with significant wealth derived from Tesla, SpaceX, and his various tech ventures, often holding over $600-$700 billion, followed by tech leaders like Larry Page and Jeff Bezos. His fortune has seen significant growth, making him the first person to reach several multi-hundred-billion-dollar milestones, notes Wikipedia.
Handelsbanken is a local relationship bank, built on satisfied customers, financial strength and sustainable values. We invest time to get to know our customers, and aim to provide the best service we can; giving sound advice, taking sensible decisions in the branch and creating solutions to match our customers' needs.
It means that depositors will be protected up to £120,000 should their bank, building society or credit union fail.
Winner of the Spear's Award 2023 for Best Private Bank in the UK, Weatherbys occupies a unique position.
A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year. The full line item instructions are located at FBAR Line Item Instructions.
The partnership with Bank of America is driven through Authentic Brands Group (Authentic), who co-own and manage Sir David Beckham's brand.
Swiss bank accounts are known for strong privacy and security, supported by the Swiss Banking Act of 1934, which made disclosing client identities illegal. Banks also review identity documents closely, adding another layer of protection.
$10,000 invested for 10 years can grow significantly, potentially reaching around $26,000 with a 10% average annual return (like the S&P 500), but can be as low as $13,500 with 3% (savings account) or $14,800 with 4% (CD), depending entirely on the rate of return, with higher, riskier returns yielding much more, showing the power of compounding.
But if you were smart enough to invest $1,000 in Apple stock at the start of the year 2000, you'd be sitting on a monster gain of 21,230%. This means that modest investment would be worth a whopping $213,000 today (as of July 27).
High-Yield Savings and Money Market Accounts
✅ High-net-worth individuals often choose high-yield savings accounts to earn more interest while keeping their cash accessible. These accounts usually offer better rates than standard savings, although they may have balance or transaction requirements.
You can deposit up to $100 million for each account type. With this option, you may receive expanded insurance protection and still have the flexibility to access your funds when you need them. Customers who want FDIC insurance coverage on large deposits and do not require immediate access to funds.
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While there is no set definition of high net worth individuals (HNWIs), they are generally defined as people with substantial financial resources of £1m+, excluding personal assets and their primary residence.
A minimum of £/€/$1 is required to open your account. There is no maximum balance. You can open your account by applying online, contacting your Private Banker or calling Coutts 24.