Category: Blog
When you’re busy globetrotting with a glamorous expat job, the last thing you want to worry about is how to open a bank account as an expat. But, as you already know, having an international bank account is critical to supporting your expat lifestyle. In today’s article, we’re going to help you navigate the tricky […]
Many Americans look to offset the destructive effect of inflation by obtaining the highest interest rates in the US that they can find. In theory, using high-interest rates to offset inflation is a great idea. But in practice, it’s incredibly difficult to pull off. The reason that it’s so challenging is simple: high-interest rates don’t […]
So, you want to open a non-resident bank account in Dubai. We’ll you’re not alone. Dubai is one of the safest and most stable banking jurisdictions in the Middle East. Over the last decade, it has become a major banking jurisdiction. Banks from around the world have set up operations in Dubai offering standard non-resident […]
Imagine waking up on Sunday morning and finding out that there’s a gold prohibition. That you, as a private citizen, can no longer own gold coins, bullion, or gold certificates. Don’t worry about whether you actually own any of these right now. Just think about being told you “can’t”. It’s hard to even picture how […]
Are you wondering, “Can a foreigner open a bank account in the US”? Well, the answer is, yes! In fact, the US is an accessible place for foreigners to open bank accounts and reap a wide range of benefits and advantages that aren’t available in their home countries. We’ll share more below. That said, there […]
The term “high earner” can vary widely depending on where you’re from. But, when it comes to international banking, there are prerequisites you’ll need to hit to fall into this category. Typically, “high earner” refers to individuals who earn a high enough income to save and invest the majority of their monthly earnings. This usually […]
High-interest deposit accounts in the US, Canada, and the EU have been non-existent for years. While many experts tout 1.5% to 2.5% as a measurable success, any novice investor can point out that you’re not even beating inflation. And if you’re not beating inflation, your money is losing buying power year after year. Given the […]
Last week, we asked GlobalBanks subscribers if they had any questions about banking during the COVID-19 outbreak. As it turns out, the current crisis and the resulting economic impact have people worried about banking. Very worried. As you’ll see below, COVID 19 banking concerns range from specific banks to financial systems, and currencies to bank […]
Lots of people are wondering how they can keep money safe during the COVID-19 crisis. And it makes sense. Governments and banks around the world are facing massive uncertainty right now. Fear and panic are everywhere thanks to COVID-19 and what this could mean for countries, economies, and people. Needless to say, these are unprecedented […]
If you’re like most people, “How can I open a bank account in Aruba?” isn’t the first thing you think of when it comes to banking in the Caribbean. Last week, members of the GlobalBanks team descended on several Caribbean islands (including Aruba) to explore various banking sectors and determine whether or not they are […]