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U.S. residents opening a bank account online in foreign countries help

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Posts: 11

jgjtrapboss

Veteran

Joined: Jan, 2010

Posts: 2768

Posted: Feb. 22, 2013 - 10:33 PM ET #1

Can anyone on here from experience give me some insight on the subject of opening an account offshore as a U.S. resident.

I am wanting to hear opinions on the best countries and banks to do so in, but am having trouble making it happen.

I would love to here a testimonial on someone who has done this and accomplished it with success.

I am wanting to open an account in either canada, switzerland , or cyprus , but am not quite sure how to go about it and would love to hear from someone who has. I appreciate the future responses.

SPORTS BETTOR / BOOK / REAL ESTATE INVESTOR / THE DIFFERENCE IS MINDSET

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14allall41

Rookie

Joined: Dec, 2011

Posts: 926

Posted: Feb. 22, 2013 - 11:18 PM ET #2

If you have a bank account in USA, should have no problem opening a bank account in any of the countries listed online. I have accs in Swithzerland Cyprus and Luxemburg and have debit cards from there as well that I use to trade with regulated company (optionrally who are regulated and in Cyprus). Go online to the bank you chooese and leave the details or feel them out if available (USB in Switzerland, Laiki in Cyprus). Keep posting here and I will explain you how if you can'rt. Funding the accounts is no problem and it is easy to withdraw through them. When having an account there - you transfer to non european depositors section on optionrally and take it further by notifying them your name and swift transfer code

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Rush51

Captain

Joined: Jan, 2005

Posts: 7966

Posted: Feb. 22, 2013 - 11:31 PM ET #3

Wow, I would think the Feds would be on your A*ss for doing such a thing, and set off red flags.

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SportsMavin

Banned

Joined: Dec, 2012

Posts: 5295

Posted: Feb. 22, 2013 - 11:44 PM ET #4

Quote Originally Posted by Rush51:

Wow, I would think the Feds would be on your A*ss for doing such a thing, and set off red flags.

It is absolutely legal to open an offshore bank account for US residents.

https://www.erteamcorp-services.com/open-a-cyprus-bank-account

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SportsMavin

Banned

Joined: Dec, 2012

Posts: 5295

Posted: Feb. 22, 2013 - 11:47 PM ET #5

I suggest all who are just scaring the people with feds - there's no "I think" involved here but a law. And any US resident or Citizen has a right to live abroad or have a bank account abroad. We're not in North Korea. Yet

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jgjtrapboss

Veteran

Joined: Jan, 2010

Posts: 2768

Posted: Feb. 23, 2013 - 8:25 PM ET #6

Quote Originally Posted by 14allall41:

If you have a bank account in USA, should have no problem opening a bank account in any of the countries listed online. I have accs in Swithzerland Cyprus and Luxemburg and have debit cards from there as well that I use to trade with regulated company (optionrally who are regulated and in Cyprus). Go online to the bank you chooese and leave the details or feel them out if available (USB in Switzerland, Laiki in Cyprus). Keep posting here and I will explain you how if you can'rt. Funding the accounts is no problem and it is easy to withdraw through them. When having an account there - you transfer to non european depositors section on optionrally and take it further by notifying them your name and swift transfer code

thank you very much. I am doing this for that specific reason only, and am looking to open an account in the Laiki cyprus bank.

If it is okay I am friend requesting you and wl pm you on the issue, appreciate your help.

appreciate your help too mavin

SPORTS BETTOR / BOOK / REAL ESTATE INVESTOR / THE DIFFERENCE IS MINDSET

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jgjtrapboss

Veteran

Joined: Jan, 2010

Posts: 2768

Posted: Feb. 23, 2013 - 8:33 PM ET #7

Quote Originally Posted by 14allall41:

If you have a bank account in USA, should have no problem opening a bank account in any of the countries listed online. I have accs in Swithzerland Cyprus and Luxemburg and have debit cards from there as well that I use to trade with regulated company (optionrally who are regulated and in Cyprus). Go online to the bank you chooese and leave the details or feel them out if available (USB in Switzerland, Laiki in Cyprus). Keep posting here and I will explain you how if you can'rt. Funding the accounts is no problem and it is easy to withdraw through them. When having an account there - you transfer to non european depositors section on optionrally and take it further by notifying them your name and swift transfer code

14all , where do you reside?

I'm looking into the Laiki bank of Cyprus, and which account would you recommend?

Looking at the
current account with/without limit, is this what you would recommend?

also, do you have vpn software to trade from the u.s. with optionrally.

SPORTS BETTOR / BOOK / REAL ESTATE INVESTOR / THE DIFFERENCE IS MINDSET

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SportsMavin

Banned

Joined: Dec, 2012

Posts: 5295

Posted: Apr. 28, 2013 - 11:29 AM ET #8

Finally there's a way around it and it works just fine for many already

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DBrandt515

Prospect

Joined: May, 2009

Posts: 42

Posted: Apr. 30, 2013 - 1:16 AM ET #9

Should we be concerned with all the issues surronging the sale of Laki bank

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phixer

Banned

Joined: Jul, 2012

Posts: 4174

Posted: Apr. 30, 2013 - 7:52 AM ET #10

Quote Originally Posted by DBrandt515:

Should we be concerned with all the issues surronging the sale of Laki bank

he he he

i am originally from cyprus. optionrally pulled its funds from laiki some time ago as any normal businessman with minimal connections in cyprus would. meraby is american and i know he wire transfers his deposits and withdraws to the same bank while registered under canadian ip address using vpn at the registration only. the bank he wire transfers to is not a cypriot one

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emoji1977

Prospect

Joined: Apr, 2013

Posts: 4

Posted: Apr. 30, 2013 - 9:14 AM ET #11

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U.S. residents opening a bank account online in foreign countries help

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