What is a Ghost Bank Account? Why is the use of ghost bank accounts illegal in any country? How comes that scammers continue to use them for illegal transactions? How do criminals open fictitious accounts? What consequences can arise from the abuse of ghost bank accounts? How can you avoid risks?
Read moreYou can always learn a lot from rich people about preserving and increasing assets. The article of our experts will answer many pressing questions on this topic, such as: How many bank accounts do millionaires have? How do millionaires insure their money? And many others.
Read moreLearn about the fast and safe way of opening a corporate bank account in Latvia granting access to investment services at a reputable bank.
Read moreDiscover Africa as a good place to open a bank account! And this is no joke. Africa is a large continent, and the differences between countries are considerable. However, we can offer you three countries where you will find really good banking services and a stable economy – and proof of that is the presence of well-known world banks in them. So – Botswana, Zambia, and Rwanda – here is our start trio! If you’ve never thought of Africa as a place where you can conduct business or conveniently open bank accounts, the time has come to discover this land of new opportunities by reading our post!
Read moreOpening an account with a foreign bank can be quite expensive, although in most cases, such expenses are worth it. How much does it cost to open a bank account abroad, and what are the additional costs and pitfalls, read in our article.
Read moreWhat identity proof documents do banks require to open an account for a customer? How do banks verify the address and identity of a customer? What residence address verification methods do banks employ? Ways to verify the address and address proof documents. How and where can I open a bank account without residency? Can I open a bank account with a passport only? Do you need an address to open a bank account?
Read moreDo you still keep your savings in a bank account? This is a wrong strategy in 2023 as it will not help you protect your money from galloping inflation. There are many other profitable instruments that are better suited for this purpose – and if you are unaware of them, our specialists will help you. However, you still need a bank account for some purposes: for example, it is much more convenient to take a bank card with you when you travel than to bring cash, or you may need to prove your financial standing with a bank statement. How much to keep in the account then and for what purposes? Read on to find out.
Read moreSEPA, IBAN, and SWIFT – common terminology for international money transfers. What is the meaning of IBAN? What does the acronym SWIFT stand for? Is IBAN used in all countries? What is the relationship between IBAN and SEPA? What is the distinction between IBAN and an account? Is IBAN alone sufficient for international transfers? What is the SWIFT system and SWIFT code? SEPA vs SWIFT. What does BIC stand for in banking? IBAN, SWIFT, and BIC bank codes – a brief summary.
Read moreWhat are the criteria for selecting an online bank in Europe for a foreigner? The best online and digital banks in Europe in 2023. Bunq, Curve, Holvi, N26, Revolut, Vivid Money, Wise, and Lunar. Where to turn if you want to open a bank account online in Europe: the most popular online banks. Explore other renowned digital banks and digital banking accounts in the EU. Which option is preferable: an online bank or a traditional financial institution in Europe?
Read moreWhat is the appropriate cash amount to keep at home? Government policy on cash circulation: things to keep in mind. Market rules regulating cash circulation. Measures taken to decrease the use of cash as a means of payment. Arguments for and against keeping cash within easy reach. Realities of keeping cash at home.
Read moreOffshore banking for expats: what to expect and what to be ready for. Bank accounts for expats. How you can find the best international bank for expats: winning strategies and pitfalls to avoid. Benefits and drawbacks of offshore banking for expats. Offshore accounts and offshore companies for better asset protection. Expert support for the most efficient offshore banking ever.
Read moreLocal or foreign bank account: what is more suitable for your needs? Triggers behind the decision to set up a bank account abroad. Is it legal to store money in foreign banks? CRS and FATCA. How much money can you keep in a foreign bank account? Step-by-step guide: opening a personal bank account abroad. Benefit from free professional consultations to seamlessly set up your foreign bank account.
Read moreA checking account is an instrument that you use in everyday life, and there are instructions for any instrument – and this one is no exception! Are there any limits to the amount that can be deposited with your checking account in one go? Should you keep any minimum balance on the checking account? How much money should you keep in your checking account to be on the safe side and separate your savings and investments from your everyday spending? Read the article to find answers to all these questions. In the end, we give some tips on choosing a bank that might be of use to you.
Read moreSome independent contractors (or freelancers) work for customers located in foreign countries. Professional skills and Internet connection can be the only two things required for doing the job. However, the freelancer needs to be paid and if the customer is in a foreign country, an international bank account becomes a necessity.
Read moreLaws regulating the banking system in Hungary. Major banks in Hungary: OTP Bank, K&H Bank, UniCredit Bank Hungary, Erste, and MKB Bank. Bank account in Hungary and its perks for non-residents. Tips for foreigners wishing to overcome language and regulatory challenges when setting up a bank account in Hungary. A complete checklist of required documents for foreigners about to open a bank account in Hungary.
Read moreDo you know the golden formula of business? It contains two elements: an offshore company to take advantage of low taxes and a corporate account with a solid European bank to ensure reliability and speed of transactions. However, the current deoffshorization trend is making it hard to directly combine these two elements: banks with a reputation refuse to work with offshores or tend to check too many details. However, we have a good solution for you: set up a company in Belize, register a branch in Serbia, and then open an account for your branch with a Serbian bank. Read on for more details.
Read moreAn offshore account in Panama will be helpful to many people. Whether you're looking to create an emergency hatch, move to a warmer country, or open a non-resident corp in Panama, our article on Panama offshore banking will be helpful to you.
Read moreIf you are a foreign investor and your business is connected with currency transactions in Serbia, it is natural that the success of your company will require you to know the financial regulations to the extent necessary to ensure safe operations. In this article, we will give you a summary of the main aspects of Serbian legislation that each international investor, especially a beginner, should know. We will also give an overview of the Serbian banking sector and list some restrictions for non-residents. Please contact our experts if you have any questions about payments in Serbia.
Read moreGeorgia is a country that boasts a stable and reliable banking sector with no bankruptcies registered in the past 10 years and a deposit insurance system in place. Non-residents open personal accounts with Georgian banks to take advantage of affordable service rates, up-to-date payment opportunities and accelerated money transfers. Georgia is not yet a full member of the CRS system, so it does not exchange banking data with other countries. Opening an account requires just a few easy steps. There are two obstacles that we can help you overcome – read on to find out.
Read moreA multicurrency account is a universal financial instrument that may come in useful for both individuals and legal entities. What you practically get is a number of subaccounts and a possibility to freely switch between them. The number of currencies available depends on the bank and your needs, so you will have to analyze the way you will use the multicurrency account possibilities. Switching between subaccounts in different currencies will mean better exchange rates, faster payments to your counterparties and reducing the risk of transaction declines. A multicurrency account allows you to pay as if you were a local and manage your transactions online from any place in the world. Read the article to find out the details of the account opening and use and contact an expert of the Q Wealth team to help you get a convenient financial instrument that you will appreciate.
Read moreThe article highlights the advantages of Singapore, Singapore banks and private bank accounts in Singapore. Learn what bank accounts are available in Singapore and the best way to open a foreign bank account in Singapore.
Read moreIf you need to open an account with a foreign bank remotely, our experts can guide you through and prompt the right solutions available online. Read and write for more answers.
Read moreAre you looking for an opportunity to protect your financial assets securely? Open Panama bank account online and get confidence in their safety!
Read moreA European bank account is a must-have yet a challenge for many offshore businesses. Most banks in Europe reject such applications. What can you do?
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