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Category: Banking

05 Jul
Unibank No Longer Accepts Foreign Accounts

Unibank No Longer Accepts Foreign Accounts

I remind you often that you should take action to set up a flag offshore as soon as an opportunity that interests you to do so presents itself. Wait…and the rules can change, meaning the opportunity can disappear. In today’s offshore arena, the only constant is that everything–policies, requirements, restrictions, etc., to do with banking, […]

28 Jun
Transferring Funds Across International Borders

Transferring Funds Across International Borders

Banks Are Making Me Crazy! Moving money around the world should be easy in this electronic age, but, with all the banking and government rules, requirements, restrictions, and peculiarities, sometimes it isn't. This week a wire to a business I work with was rejected because the receiving bank didn't like how the sending bank had [...]
21 May
Advantages Of Opening A Bank Account Offshore

Advantages Of Opening A Bank Account Offshore

I recommend regularly that you have at least one bank account offshore…and that opening a bank account offshore can be the easiest first step to diversifying and internationalizing your life. But why? Why is a bank account in another jurisdiction such an important thing? First, a clarification. When I speak about having a bank account […]

14 May
FACTA Hearing May 15 In Washington, D.C.

FACTA Hearing May 15 In Washington, D.C.

Team USA--Pissing Off The World's Banks For Nickels And Dimes We've been reporting on the 2010 Foreign Account Tax Compliance Act (FACTA) requirements since the bill was introduced two years ago. Now, the implications and consequences of what amounts to one of the most arrogant and extra-territorial pieces of legislation in history are beginning to [...]
16 Apr
How To Move Money, Pay Bills, And Access Cash Overseas

How To Move Money, Pay Bills, And Access Cash Overseas

Living an international lifestyle used to be for the rich and famous only.Travel was expensive, but, more important, moving money around was also expensive…and complicated. When I took my first trip to Europe more than 25 years ago, I didn’t have a credit card. Even if I’d had one, it wouldn’t have helped me much. […]