Are banks outside the US as safe as US banks? In the US, banks are FDIC insured. Are there other countries that have vefry safe banks. How hard is it for a US Citizen to open an account there and transfer funds to the non-US new account?
2006-10-21 12:44:58 · 7 answers · asked by fatsomoe 1 in Business & Finance ➔ Personal Finance
Most banks in Canada are safe, and a few in Europe are safe (Switzerland being the cream of the crop). However, I don't suggest any others..... It's VERY easy to open an account. It costs a bit of cash to transfer funds (about $12).
2006-10-21 12:52:59 · answer #1 · answered by cyanne2ak 7 · 0⤊ 0⤋
Most banks in Europe and Canada are very safe. Probably safer than the US banks. Banks in places like the Channel Islands and Switzerland are famous for being tax free havens for mystery money, money that someone wants to be invisible. Accounts in the US are open to Government eyes. How safe is that? Do you trust your Government with that kind of information. I don't.
2006-10-21 19:50:08 · answer #2 · answered by 2hot 3 · 0⤊ 0⤋
Easy to open, yes, try Saxo, sent me an email about referral of clients last 2 weeks. They would be OK. I am more comfortable with domestic banking assistance on these matters, someone who would help me if I had a problem. Also, upon your death,
would your heir have any problems getting your money ?
They say no (I asked Saxo) same procedure, with death certificate as a USA bank.
2006-10-21 19:53:54 · answer #3 · answered by The Advocate 4 · 0⤊ 0⤋
I see your ex wife has you freaked out. I don't blame you for being so nervous. Your not that far away from the Cayman Islands, and they have excellent banks, used by many US residents to hide funds legally. If it were me, I would tape record your wife on the phone, sounds like you may need it. Good luck.
2006-10-21 20:15:15 · answer #4 · answered by kam_1261 6 · 0⤊ 0⤋
Ever heard of a swiss bank account?
2006-10-21 21:24:07 · answer #5 · answered by my space 3 · 0⤊ 0⤋
Never trust a bank that keeps changing names.
2006-10-21 19:55:58 · answer #6 · answered by Kevin W 1 · 0⤊ 0⤋
It depends upon where you are looking to invest. If you invest in European banks, you can do this w/o problem. I would be skeptical of going out of US to invest my money. Instead buy stocks
2006-10-21 20:02:02 · answer #7 · answered by Anonymous · 0⤊ 0⤋