Category: Blog
If you’re looking for a more convenient way to purchase everyday essentials while working or living abroad, then having offshore debit cards is a must. Unfortunately, obtaining offshore debit cards doesn’t come easy. Especially for foreign non-residents. And, unless you have the right information and know which bank to open with, the chances of getting […]
If you’re interested in learning more about a foreign currency account and how it can benefit you, you’re not alone. Foreign non-residents from around the world are looking to open foreign currency accounts outside of their home country to access countless benefits. Foreign currency accounts allow account holders to hold, receive, and send money quickly […]
Frozen bank accounts can cause serious issues for account holders, delay important payments, and even cause credit issues for years to come. And, while most people have backup bank accounts to avoid these problems, a frozen bank account can still wreak havoc on personal and business banking. Fortunately, it’s possible to avoid having your accounts […]
Have you had an account closed recently? Or, are you concerned that an account is about to be closed? Well, regardless of your current account status, understanding the reasons for account closure can prevent it from happening again. And, by being prepared, you can even ensure you never lose access to your money… even if […]
Overseas bank accounts used to be reserved for the rich and wildly successful. But, that’s no longer the case. In fact, clients from almost any background can open and benefit from an overseas bank account. But, these benefits can only be accessed if you have the right information and know-how to successfully navigate account opening. […]
If you have never requested a bank reference letter before, it can be difficult to know how to get one and what it needs to include. In this article, we’re going to answer these questions for you and help you avoid costly mistakes. A bank reference letter is a letter from a bank where you […]
Virtual IBAN providers offer a valuable service to businesses and individuals in need of fast, low-cost transfers and multi-currency accounts. But, not all virtual IBAN providers are created equal (or worth using). So, before choosing which virtual IBAN providers you’re going to open accounts with, make sure you review the challenges, opportunities, and common mistakes […]
Bearer shares were once a favorite tool of the offshore world. They offered complete anonymity and could be easily bought or sold… 100% anonymously. But, like most tricks of the offshore world, they’ve almost entirely disappeared. Between 2000 and 2019, increasing pressure from the OECD and other regulatory bodies forced offshore hubs to eliminate bearer […]
There’s no such thing as a one size fits all strategy when it comes to banking for digital nomads. And there’s a simple reason for that: every digital nomad is different — different citizenships, different sources of income, different banking requirements. So the banking strategy that’s best for each digital nomad needs to be tailored […]
International private banking conjures up images of private jets, secret accounts, Swiss accents, and exclusivity. But for almost a century, the attraction of international private banking had less to do with exclusivity and everything to do with taxes. Or, perhaps better put, not paying taxes. People used to move money into a Swiss bank account, […]