Tag: Non-Resident
The internet is filled with rumors and misinformation. A popular claim? It’s “impossible” for US citizens to open offshore bank accounts. Well, that’s not true. There are over six million US citizens that live overseas. Millions of them have offshore bank accounts. Millions. So, why is the internet overflowing with horror stories about how difficult […]
Interested in closing a bank account but your bank won’t let you? Welcome to the club. Choosing banks with painfully annoying closure policies is one of the biggest mistakes people make when opening accounts overseas. Expats, digital nomads, business owners, and anyone living an international lifestyle has experienced it. And if you haven’t already, you […]
Welcome to Liechtenstein, the biggest offshore banking hub you’ve never heard of. Liechtenstein is a tiny principality, sandwiched between Austria and Switzerland. It’s small. You can walk across it in two hours. And only 36,000 people live here. On National Day, the prince invites the entire country to his castle for a cocktail reception. Liechtenstein […]
Banks are freezing accounts without warning at the fastest rates in history. And, it’s only going to get worse. Every year, millions of innocent people have their bank accounts frozen without warning as banks frantically try to keep up with new banking laws and increasingly strict KYC/AML regulations. If you haven’t experienced an account freeze […]
Unfortunately, there is a lot of misinformation blinding anyone that wants to open a private bank account. This is especially true for anyone just getting started, that doesn’t know where to turn. So we’re going to discuss exactly what private bank accounts are, who qualifies, and how to get one. If you’re wondering whether you’re […]
If you’re looking to open a bank account in Europe as a non-resident, you’ve probably noticed that it’s getting increasingly difficult. And the reason is pretty simple: non-residents (especially those with no connection to the country that they intend to bank in) are considered to be “high-risk.” Regulators, governments, and bank compliance everywhere are waging war […]
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 […]
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 […]