You Should NOT Bank in Switzerland
7:27
21 сағат бұрын
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@CreepyTrendMan
@CreepyTrendMan 55 минут бұрын
Awsome explanation .
@laurent90210
@laurent90210 Күн бұрын
the last point of not keeping all of your cash in a fintech bank makes no sense. Nobody keeps all money in one bank, so that is obvious. However, the majority of your cash can be in an online savings account, because it pays the highest interest. You can just transfer the funds to another bank when you need it. If the bank fails, you are protected, the deposits are FDIC insured and bank failures in the USA nowadays result in another bank taking over the accounts, that is resolved in a few weeks at most, usually in a week.
@GlobalBankscom
@GlobalBankscom Күн бұрын
Thanks for the comment. Unfortunately, there are a lot of people who DID (and DO) keep all of their savings in a fintech account (as crazy as that sounds) - just look at the Synapse case - and that's a problem because when fintech platforms go bankrupt they are not covered by the FDIC (even though the underlying funds are covered). So this can cause massive delays and questions about who owes customers. As for traditional savings accounts, yes they are covered by the FDIC in the US (and similar deposit schemes abroad). But, deposit insurance only covers you up to a certain amount (e.g. 250k in US, 100k in EU, 100k in CA, 85k in UK, etc). So, if you have more than that, you need to be more thoughtful about where and how you bank, and that's assuming you're not following rule one from the video for investing...
@leadschoice9483
@leadschoice9483 Күн бұрын
Malaysia, Singapore, UAE, Hongkong .. plz update on these ..
@GlobalBankscom
@GlobalBankscom Күн бұрын
thanks for sharing - all four added to the list of countries to update
@dscott8799
@dscott8799 2 күн бұрын
I’m a euro but non-resident since 2004. The one account i had left at home was closed down on me because “EU rules require an ID scan every X years” and covid had me stuck overseas for too long. Now i find myself needing to pay a monthly bill in the EU and im lost. Yay! Thx for the video. Very informative
@GlobalBankscom
@GlobalBankscom 2 күн бұрын
sorry to hear about your troubles - if you're looking for expert help solving your EU banking issues you can complete a free assessment here: globalbanks.com/insider
@danielvesco830
@danielvesco830 2 күн бұрын
thank you
@GlobalBankscom
@GlobalBankscom 2 күн бұрын
glad you got value from the video!
@danielvesco830
@danielvesco830 2 күн бұрын
what about lebanon?
@GlobalBankscom
@GlobalBankscom 2 күн бұрын
Do not bank in Lebanon. Maybe you would have considered banking here back in the early 2000s when the economy was growing and banks held high levels of liquidity, but not today.
@GlobalBankscom
@GlobalBankscom 2 күн бұрын
🧑‍💼 Apply to see if you qualify: globalbanks.com/apply 🔥 Get your free guide: globalbanks.com/offshore-bank-account-opening/ 💸 Start on your own: globalbanks.com/globalbanksiq/
@voland1
@voland1 3 күн бұрын
Swiss banking model is outdated and not competitive. The local banking market will be cannibalized and monopolized by a few big players and ultimately bought out by US/Global banking giants sooner than later.
@Hmmm313
@Hmmm313 4 күн бұрын
Merika is fucked..banks r reports everything about you. 😂😂😂. Just use ULTIMO CARD. They dont report to anybody😅😅…
@soussoumechri8841
@soussoumechri8841 7 күн бұрын
I am from Tunisia can I create a Free USA online bank account !!!??
@GlobalBankscom
@GlobalBankscom 2 күн бұрын
It's unlikely. But you can complete a free assessment and our team will let you know if you qualify to open any accounts in the USA: globalbanks.com/usa
@HEART_MIND_One
@HEART_MIND_One 7 күн бұрын
Chris, with appreciation for your ultra lucid, and laser communication on this video. Look forward to exploring further; I am a U.S. Citizen who may be granted Hungarian Citizenship in the next year or so, based on my father having been born in Hungary. I would like to understand any potential banking options that would be open to me as a “Dual Citizen”, or perhaps as an individual choosing only Hungarian Citizenship. Thanks again for your keen insights and specialized service! ~Alex
@CarloMassarotto
@CarloMassarotto 7 күн бұрын
Can a San Marino's bank be a good option? Apart from this, I'm planning to move as a resident to Sarasota - FL. According to what you say in the video, I can open a bank account in a US bank even not being a US resident nor US citizen, did I get it right? Thanks.
@GlobalBankscom
@GlobalBankscom 7 күн бұрын
You can complete a free assessment at globalbanks.com/usa and our team will get back to you with your options
@shuvorathry5649
@shuvorathry5649 7 күн бұрын
I have a llc we needs open business bank account in USA can you help me opening bank account?
@GlobalBankscom
@GlobalBankscom 7 күн бұрын
yes for sure, just complete a free assessment here and our team will get back to you with your options: globalbanks.com/usa
@martin2514
@martin2514 7 күн бұрын
So if it was "legal" last year but they changed their minds. Your out. Or your political opposition is able to pressure the bank and have your account closed. Your out.....
@Olsen942
@Olsen942 8 күн бұрын
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
@FasamirBawarha
@FasamirBawarha 8 күн бұрын
Please where and how did you earn that much.
@Philliplangridge
@Philliplangridge 8 күн бұрын
Please how do I go about it I'm still a newbie on investment trading and how can I make profits.
@Willy_Hinton5
@Willy_Hinton5 8 күн бұрын
I would really love to know how much work you did put in to get to this stage.
@HarryPowell854
@HarryPowell854 8 күн бұрын
I'm surprised that this name is being mentioned here, I stumbled upon one of his clients testimony on CNBC news last week.
@Robetstonedegreat
@Robetstonedegreat 8 күн бұрын
After I raised up to $355k trading with him I bought a new House and a car here in State 🇺🇸🇺🇸 and also paid for my son's surgery (Bryan) all Glory to God almighty.
@AnnaMacko169
@AnnaMacko169 8 күн бұрын
What banks do you recommend for accepting fiat transfers from crypto exchanges
@GlobalBankscom
@GlobalBankscom 8 күн бұрын
depends on a lot of factors - if you haven't watched our recent video on cashing out crypto yet you should: kzbin.info/www/bejne/mH60ZK2chrCCsLc
@AnnaMacko169
@AnnaMacko169 8 күн бұрын
@@GlobalBankscom I did appreciate you sending the link to it 🙏 thoughts on Singapore vs Lichtenstein for cashing out?
@GlobalBankscom
@GlobalBankscom 7 күн бұрын
@@AnnaMacko169 it depends on the profile, amount, ties to Asia (or not), risk factors, and how you end up approaching the available banks. If you haven't already, you can complete a free assessment and select both Liechtenstein and Singapore as your desired countries and then our team will look at your options: globalbanks.com/apply
@mesias423
@mesias423 8 күн бұрын
What about banking for a Family Office? Which would be the best jurisdiction to establish the Office and which to bank if you are going to buy for example real estate all arround the globe?
@GlobalBankscom
@GlobalBankscom 8 күн бұрын
it depends on a wide range of factors - if you complete the following free assessment, our team might be able to provide you with some initial considerations: globalbanks.com/apply
@mesias423
@mesias423 8 күн бұрын
I am thinking about diversify wealth with 2 or three trust funds among this jurisdictions, Cook islands, Nevis, UAE and Lichtenstein, not sure if LLC is needed in all cases, with crypto wealth, and to diversify my wealth I need banking with 'large' amounts as a bridge, what about salvadoran second citizenship for banking?
@GlobalBankscom
@GlobalBankscom 8 күн бұрын
Salvadoran citizenship isn't necessarily bad but it is unusual in the international banking world - assuming you have another citizenship, you may want to use that one instead when it comes to opening accounts - as for the structures you mentioned, none of them are "easy" when it comes to banking unless you know which jurisdictions, banks, and approach to use. Complete a free assessment and we'll help you get started: globalbanks.com/apply
@mesias423
@mesias423 8 күн бұрын
I would like to see more videos about safe Crypto banking, no matter what country, and banking with trusts with crypto wealth.
@GlobalBankscom
@GlobalBankscom 8 күн бұрын
We have more coming! But have you watched our recent video on cashing out crypto yet? kzbin.info/www/bejne/mH60ZK2chrCCsLc
@mesias423
@mesias423 7 күн бұрын
@@GlobalBankscom yes I did.
@sandorvarga7437
@sandorvarga7437 8 күн бұрын
Vrau.bani.mej.ches/990 billion/lire/data/13 sepg/2024
@tarkanertan9241
@tarkanertan9241 8 күн бұрын
Liechtenstein taking in consideration foundation trust perspective and Monaco private banking
@GlobalBankscom
@GlobalBankscom 8 күн бұрын
Are you specifically referring to Liechtenstein foundations or international/offshore trusts/foundations banking in Liechtenstein? And for Monaco would you be looking at it as a resident (or prospective resident) of Monaco? Or would you be looking at private banking in Monaco as a non-resident?
@golazoyoutube
@golazoyoutube 8 күн бұрын
Do you provide services for mortgages for non resident too? Also, are there banks to borrow money at good interest, like 20 years for buying an apartment in other country that is NOT from the bank is? Thanks!
@GlobalBankscom
@GlobalBankscom 8 күн бұрын
It depends on the country... in certain places you can get mortgages from banks domiciled in other (offshore) markets... but when it comes to mortgages, banks need to realistically be able to collect collateral if a borrower defaults... if you want to explore your options further you can fill out a free assessment at globalbanks.com/apply
@merrykrichtsamt
@merrykrichtsamt 8 күн бұрын
What is the point of banking in Switzerland? neutrality is gone, banking secrecy gone. To pay high fees ? and for what in return?
@GlobalBankscom
@GlobalBankscom 8 күн бұрын
Exactly - unless you have a specific benefit that you're trying to unlock, there are often better banking options available - the point is, don't just bank somewhere because "it's a great place to bank" you need to find a place that matches your profile, needs, and finances. Thanks for the comment!
@merrykrichtsamt
@merrykrichtsamt 8 күн бұрын
@@GlobalBankscom furthermore, after the bankrupt of CS Switzerland lost credibility
@homodeus8713
@homodeus8713 8 күн бұрын
How do you insure against leaks to lists such as Pandora Papers. Privacy is everything and that’s why many used to choose Switzerland.
@GlobalBankscom
@GlobalBankscom 8 күн бұрын
There are still ways to unlock enhanced privacy and some level of secrecy... but true privacy... like the kind that used to exist before 2008 doesn't exist anymore... FATCA followed by CRS and AEOI completely dismantled what most people think of when it comes to banking secrecy... if you haven't seen this video yet it breaks it all down for you: kzbin.info/www/bejne/d3S1fnl4id-mac0
@mpat100
@mpat100 9 күн бұрын
Good advice thanks.
@GlobalBankscom
@GlobalBankscom 8 күн бұрын
Thanks for the feedback!
@robiro856
@robiro856 9 күн бұрын
Antártica 🥶👍
@GlobalBankscom
@GlobalBankscom 8 күн бұрын
haha any territory in particular?
@Matti_us_Alpe
@Matti_us_Alpe 9 күн бұрын
Half of the video watched and Is till don't why shouldn't I do banking in Switzerland.
@GlobalBankscom
@GlobalBankscom 8 күн бұрын
Thanks for the comment - the point is, if you don't meet the financial requirements, have the right profile, or need the specific services that Swiss banks can offer to foreign non-residents... then you'll probably be better served by banking in other countries. And just to be clear... this doesn't mean everyone should avoid Switzerland... it just means Swiss banking is NOT for everyone... including around 70% of people who contact us and want to bank in Switzerland but end up being better served elsewhere instead. Hope that helps clarify the main point - if you have any more feedback or suggestions on how we could improve the video please let us know!
@ramt1437
@ramt1437 9 күн бұрын
Andorra
@GlobalBankscom
@GlobalBankscom 8 күн бұрын
Thanks - added to the list!
@NoNonsenseForex
@NoNonsenseForex 9 күн бұрын
I agree with Paraguay. I am in Paraguay now, and the banking is frustrating at best. Unless you're doing real business here, it's probably best to bank elsewhere even if you get residency in Paraguay. New residents think it's essential to get a bank account here too. It's not.
@GlobalBankscom
@GlobalBankscom 9 күн бұрын
Well said. And it's a similar situation in many "residency jurisdictions" both in Latin America and other parts of the world.
@NoNonsenseForex
@NoNonsenseForex 9 күн бұрын
Clearly, directly and intelligently presented. I wish I would have found this channel sooner.
@GlobalBankscom
@GlobalBankscom 9 күн бұрын
Thanks for the feedback - glad you found us now!
@micha6459-e4s
@micha6459-e4s 9 күн бұрын
Peru ☀️ or Latin America
@GlobalBankscom
@GlobalBankscom 9 күн бұрын
Thanks - added Peru to the list. Are there any other Latin American countries you're interested in?
@micha6459-e4s
@micha6459-e4s 9 күн бұрын
@@GlobalBankscom thank you!! Would be nice to know which banks are considered to be the best in Latin America and Peru. Best regards
@GlobalBankscom
@GlobalBankscom 8 күн бұрын
@@micha6459-e4s are you looking for personal, business, or private banking? There are a lot of differences between the options so if you can narrow it down that will help us make a more actionable video for you.
@mattsingh_
@mattsingh_ 9 күн бұрын
Euro countries in general
@GlobalBankscom
@GlobalBankscom 9 күн бұрын
Thanks - are you looking for Euro EU or Europe more broadly?
@mattsingh_
@mattsingh_ 9 күн бұрын
@@GlobalBankscom Euro currency, so (most of) the EU
@GlobalBankscom
@GlobalBankscom 9 күн бұрын
@@mattsingh_ thanks for clarifying - we'll add a EUR banking video to the list - also are you specifically looking for personal or business?
@mattsingh_
@mattsingh_ 9 күн бұрын
@@GlobalBankscom Both, but specifically from the point of view of someone from elsewhere looking for quality banking
@GlobalBankscom
@GlobalBankscom 9 күн бұрын
@@mattsingh_ Got it! Thanks for clarifying. Make sure you're subscribed so you see that video when it goes live!
@michaelmclaughlin2871
@michaelmclaughlin2871 9 күн бұрын
Cayman Island Banking
@FinancialAdvisoryUSA
@FinancialAdvisoryUSA 9 күн бұрын
Monaco, Poland, Spain & Portugal
@GlobalBankscom
@GlobalBankscom 9 күн бұрын
Thanks - added all four countries to the list!
@FinancialAdvisoryUSA
@FinancialAdvisoryUSA 9 күн бұрын
@@GlobalBankscom Could you also compare banking in Singapore versus Australia as far a choice for Western clients?
@FinancialAdvisoryUSA
@FinancialAdvisoryUSA 9 күн бұрын
@@GlobalBankscomAre you also able to compare banking in Singapore versus Australia?
@GlobalBankscom
@GlobalBankscom 9 күн бұрын
@@FinancialAdvisoryUSA can you narrow that done at all? do you want to compare private banking? business banking? something else? We ask because Singapore and Australia are two very different banking hubs.
@FinancialAdvisoryUSA
@FinancialAdvisoryUSA 9 күн бұрын
@@GlobalBankscom Personal banking. I currently bank in Singapore but the only reason I chose it was because my bank did not offer CHF accounts in Australia.
@thel7503
@thel7503 9 күн бұрын
Switzerland
@GlobalBankscom
@GlobalBankscom 9 күн бұрын
Thanks - added to the list!
@matney12
@matney12 9 күн бұрын
I am from the US and would like to find a foreign bank that I could manage my brokerage account myself. I do have over $1 million. I banked in Switzerland 10 years ago but had to pay a 1% management fee plus bank fees. I realize that is not that high as far as fees go but I would like to avoid the account management fees, and I’d prefer to do my own investing. is there a safe jurisdiction that would allow me to manage my own brokerage account and is a little bit easier on fees?
@GlobalBankscom
@GlobalBankscom 9 күн бұрын
Fill out this free assessment and our team can give you some direction on where to look: globalbanks.com/apply
@wayne1112
@wayne1112 9 күн бұрын
need info on Cayman Islands
@GlobalBankscom
@GlobalBankscom 9 күн бұрын
Thanks - added to the list!
@john-paulsylvester2382
@john-paulsylvester2382 9 күн бұрын
Gibraltar
@GlobalBankscom
@GlobalBankscom 9 күн бұрын
Thanks - added to the list!
@GlobalBankscom
@GlobalBankscom 9 күн бұрын
🧑‍💼 Apply to see if you qualify: globalbanks.com/apply 🔥 Get your free guide: globalbanks.com/offshore-bank-account-opening/ 💸 Start on your own: globalbanks.com/globalbanksiq/
@francisco1882
@francisco1882 11 күн бұрын
Towerbank in panama allows you to open an acount remotely and the minimun deposit $50 dolares yes you heard correctly fifty dolllars
@lamrabetmohamed1712
@lamrabetmohamed1712 13 күн бұрын
Morocco is banned from mercury bank or not ?
@georgekaranikas6949
@georgekaranikas6949 13 күн бұрын
What's your thoughts on Revolut? I live in Greece.
@SP-vt2fl
@SP-vt2fl 14 күн бұрын
I don't trust Google for shit! 😂
@mikaelmagnusson3225
@mikaelmagnusson3225 14 күн бұрын
Is it possible to make transfers like Swift from the LLC bank account?
@GlobalBankscom
@GlobalBankscom 14 күн бұрын
Yes of course. You just need to open with a bank that supports international transfers.
@mikaelmagnusson3225
@mikaelmagnusson3225 14 күн бұрын
@@GlobalBankscomWill the bankaccount be as anonymous as the LLC? For example to avoid CRS or any other informationsharing? How anonymous is the bank account ?
@azizkurtariciniz
@azizkurtariciniz 15 күн бұрын
What’s your opinion on Mercury? I keep hearing horror stories from them.
@GlobalBankscom
@GlobalBankscom 14 күн бұрын
Mercury is a great solution if you can't afford to deposit enough money to open with brick and mortar US banks or if you want to open an account online (remote opening). BUT Mercury has restrictions on countries, business activities, and ties to the US. We have a recent update about Mercury here: kzbin.info/www/bejne/kKWrmaR_irlmqNE
@SP-vt2fl
@SP-vt2fl 15 күн бұрын
Always lots of good information!!
@SP-vt2fl
@SP-vt2fl 15 күн бұрын
If I never heard of some of these countries,why would I want to bank there!..
@GlobalBankscom
@GlobalBankscom 15 күн бұрын
🧑‍💼 Apply to see if you qualify: globalbanks.com/usa 🔥 Get your free guide: globalbanks.com/offshore-bank-account-opening/ 💸 Start on your own: globalbanks.com/globalbanksiq/
@SP-vt2fl
@SP-vt2fl 16 күн бұрын
Good advice
@GlobalBankscom
@GlobalBankscom 2 күн бұрын
Glad you liked it
@SP-vt2fl
@SP-vt2fl 17 күн бұрын
Love the report!