Tag: Capital Controls
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 […]
If you want to open a bank account in Vietnam, you better have a good reason. Banking here can be insanely expensive. Not to mention extremely difficult to open accounts unless you’ve got the right visa. And, it’s not a great sign that wealthy Vietnamese are looking to open accounts elsewhere. Not to mention, tough […]
An offshore account can be a powerful tool for diversification, asset protection, and even wealth creation. But, if you’re not careful (or choose the wrong one), offshore accounts can also cause headaches, trigger unintended tax reporting requirements, and be expensive to maintain. In this article, we’ll show you how to open an offshore account, reap […]
Deciding to open a bank account in Russia as a non-resident is the banking equivalent of walking a tightrope across the Grand Canyon with a penguin on your back… It doesn’t make any sense… and with one wrong step, you’re screwed. Largely influenced (read: controlled) by the state, Russian banks are a prime example of […]
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 […]
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 […]
There are a lot of people who are currently questioning whether their money is safe at a bank during a recession. It’s a very real concern and one that needs to be discussed. Whether your money is safe with a bank during a recession comes down to a few key factors. We’re going to share […]
Banking in Lebanon used to be seen as a status symbol. It was home to solid banks with good reputations that offered customers stability (and banking secrecy) in a shaky part of the world. But banking in Lebanon is changing. In Beirut, banks recently shutdown for two-weeks. They cut-off access to customer accounts and blocked […]