I Closed My Bank Accounts

Рет қаралды 199,052

Күн бұрын

Пікірлер: 445

@JDavisonPGAVietnam 6 ай бұрын

I live in Vietnam and just inherited a large sum of money from my grandmother. Now I’m torn between keeping it in my American bank account vs my Vietnamese bank account. I’m thinking a Singapore bank now that I watched this video. Good content Andrew.

@cryptosecuritytools 6 ай бұрын

@@JDavisonPGAVietnam buy gold

@MexicomitYvi 6 ай бұрын

I have good experiences with DBS in Singapur. But it can be difficult for US Citizens to open an account

@Onesien 6 ай бұрын

Bitcoin

@randaldavis8976 6 ай бұрын

buy gold & silver

@Jykobe491 6 ай бұрын

Do not keep your money in any western bank, try the middle east

@lindaparker1043 6 ай бұрын

you can never trust canada again after what they did to the truckers and their supporters.. so evil 😢

@tampapete7954 6 ай бұрын

You're conflating a single bank administrative policy with tangental USA anti-vaccine propaganda.....get an education!!

@HighDefinitionVideo 6 ай бұрын

My thoughts exactly

@timphiey 5 ай бұрын

😢😢😢😢

@timphiey 5 ай бұрын

I only use cash

@compellingpeople 5 ай бұрын

what happened?

@cryptosecuritytools 6 ай бұрын

Yeah I 'closed' my bank account with Chase in the US and the bastards kept it open and then claimed I owed them money 4 years later

@MuzixMaker 6 ай бұрын

Chase is awful

@msjannd4 6 ай бұрын

I'm not surprised! I still get email from them every now and then regarding a credit card I had with them ages ago and closed. They'll send me an email entitled "Your Credit Journey," etc. They're awful! They closed my checking account at some point saying I owed them $3.00.

@scsmith4604 6 ай бұрын

As bad as Chase is, Bank of America is worse. Stay as far away from them as possible. Fees for everything including visiting a branch.

@nigstar1239 6 ай бұрын

@@scsmith4604 their greed is truly unmatched.

@user-iu2kq7nx8u 6 ай бұрын

Lived 2 years overseas and their monthly fees i was unaware of drained what was left in my account because no more "direct deposit". Scummy institutions

@vktravellog1242 6 ай бұрын

Its like the south park episode when stan deposited $100 and the banker said its all gone 😂😂😂😂

@jaredwarner2451 6 ай бұрын

….and it’s gone 🤣

@AuntyJack123 6 ай бұрын

Hahahaha yes it was hilarious and crazy at the same time. He just opened it the account and next minute ta da all gone 😂

@michaelstewart1838 5 ай бұрын

@@AuntyJack123😆

@Demmie-nl2qh 5 ай бұрын

@@AuntyJack123 sadly, this happened to a friend of mine with her 50k inheritance. She was completely unsavvy and thought 'investing' was a safe place to put your money. She didn't know it was gambling on the stock market. They must rub their hands together when they see these old ladies who know nothing walking through the doors. Same thing. "All gone!" She was mortified and so embarrassed. I told her it wasn't her fault. She was misled by people eager to gamble with her money. This poor woman had nothing before she got that money and thought she was being responsible :(

@ovrskr 5 ай бұрын

@@Demmie-nl2qh investing is definitely not gambling.. smh

@RadBunny2269 6 ай бұрын

You’ve been really upping the approach to your content scripts. Whoever crafts that strategy needs a raise for the good work.

@nomadcapitalist 6 ай бұрын

Thank you! Nobody tells him what to say, but we're proud of our great team.

@SkeenCharles 6 ай бұрын

A Horrible bank in South Africa, "Standard Bank" - only way you can get anything is by going into a branch. Even though their branches are only on South Africa and they know you are overseas - they always say: "Come into your nearest branch".

@liezlsm1th 6 ай бұрын

😅😅 I recognize this, Absa is the same 😅

@TheLitman72 6 ай бұрын

Sound standard to me

@nadiadomingoselebedi 5 ай бұрын

@@liezlsm1thstill struggling with Absa😣

@andyonions7864 5 ай бұрын

Without freedom of movement of capital you can't possibly get inward investment into a country.

@imacer1993 6 ай бұрын

I left TD in Canada a few years back as well. It became more of a hassle to keep the account open than the benefit I gained from it.

@EriPages 6 ай бұрын

What was the main hassle?

@imacer1993 5 ай бұрын

Well being a US Citizen, I had to dual report to the US and Canadian tax authorities. (Which I expected) But similar to Andrew’s experience if I want to do anything I needed come into a branch to talk with a banker. I also had issues becasue I didn’t have good mailing address in Canada even through they should’ve known that when opened the account. It ended up being a more a hassle to keep it open va what I was using it for.

@tkwalton6218 6 ай бұрын

Great video. I have two bank accounts in the US, Schwab and Bank of America. B of A is notorious for sneaky, hidden fees. No reason to hold on, really. Have been following you for awhile now and looking for a good plan B...maybe a few. As I don't quite qualify as a NC client, appreciate all the tips you otherwise provide. Thank you!

@LuciaMinca 6 ай бұрын

Love your content Andrew 😊I have 2 properties in Colombia and about to move permanently end of September. I’m considering applying to work in your organization once I’ve left the US for good. Thank you for all of your amazing information.

@dosta5652 6 ай бұрын

R.I.P.

@whispie. 6 ай бұрын

Watch out for Colombian government wanting to access people's savings

@johncito4313 5 ай бұрын

Colombia is not a place to park any money. Period.

@2GringosOnTheGulf 6 ай бұрын

Awesome video Andrew.👍🏼❤ thanks for sharing this with us all. Cheers from 2 Canadians 🇨🇦 living in Mexico. 🇲🇽✌🏼

@kikokat4366 6 ай бұрын

He's Andrew

@2GringosOnTheGulf 6 ай бұрын

@@kikokat4366 oh my bad gracias

@Anonymous-j8b 6 ай бұрын

Andrew, this is probably the most troublesome topic for expats and nomad capitalists, we found. Could you please make more videos on this, especially for the 'oridnary folks' who are not (yet) millionaires, but want to start on this journey? We might not be your target audience, but will give you the views! ;) For example, you need an address and tax residency when depositing money with investment platforms and banks. But most tax residencies with lower taxes (like Paraguay, Costa Rica, even Georgia - might have great banks, but not investment platforms, etc), don't have access to great banking and investment products (e.g. London traded ETFs), so you are likely to want to keep your home country address and residencies when investing or putting money into banks. The problem for a new nomad capitalist though, is that if you spend more than 6 months a year outside your home country (UK, US), at some point, the investment platform and your banks are very likely to realise you live abroad and close the accounts regardless of your tax status, as seems to be more related to your address (it's especially relevant to the UK, but read a lot of stories from the US as well). They usually freeze your assets and tell you that all you can do is sell, but you sell and can't cash out, because the platform like Vanguard only allows you to cash out into a high street bank. But your high street bank at home is likely to have closed your account too and you will lose a lot in fees trying to send the money to expat bank accounts like HSBC. So, if, for example, you don't have a new tax residency (since UK doesn't require you to) or have a 'cheaper' residency like Paraguay (or Georgia, or Costa Rica), what would you invest and bank through, since banking and investing isn't too great for Paraguay residents? At least that's what we read and there has been an upsurgence in banks and platform cracking down on this (esp UK and US ones). But even if they don't close, it's the worry that they might that might leave you in paralysis, unable to become a nomad capitalist (unless you have the money for your services, which most starting nomad capitalists won't have).

@a.reisens1673 5 ай бұрын

I second this! I've found this paralysis to be particularly debilitating. A video handling this and possible strategy for those who are on our way up to becoming your clients would be greatly appreciated! 😊

@thebodyclockco 5 ай бұрын

just use Wise, FinTech's, Crypto, hold Cash in your local area, USD etc.

@jimmcneal5292 5 ай бұрын

If you want to trade etfs, why not use something like interactive brokers?

@andycommonsincanada 6 ай бұрын

Andrew, as always your content is interesting and moreover informative. As a Canadian I have to say don’t trust Canadian Banks anymore. We closed our accounts with CIBC because of the banks closing accounts without justification.

@sscapture 5 ай бұрын

I think the situation in the EU is worse than in Canada when it comes to this matter

@andycommonsincanada 5 ай бұрын

@@sscapture You bet ya

@cmeds1993 6 ай бұрын

I appreciate the consistent content NC team

@nomadcapitalist 6 ай бұрын

Thank you! Stay tuned!

@JDGxyz-t7c 6 ай бұрын

Agree re TD Bank Canada. Run.

@JoinBancoli 5 ай бұрын

Agreed.

@gilbertorios4494 6 ай бұрын

would love to hear you speak on your experiences and choices of banking in Colombia.

@renatosureal 6 ай бұрын

in ROMANIA ... when opening an account with a ROMANIAN government issued RESIDENCE PERMIT and Personal Numerical TAX number (CNP)... BANKS force you to provide TWO addresses: (1) your RESIDENCY address in the Romanian city which matches your RP document and also a (2) DOMICILE address which is one's country of origin's address, as if .... one's residential address is not the same as one's domiciliary address - it is A MESS !! 🤡🤦‍♀

@martinenej3109 6 ай бұрын

Try ING bank in Romania, super easy account opening. All the others are shit

@BusinessandFinance-ym5bk 6 ай бұрын

Why are you even in that disastrous country in the first place? So many better choices out there.

@martinenej3109 6 ай бұрын

@@BusinessandFinance-ym5bk Give me a better option with lower taxes in the EU

@BusinessandFinance-ym5bk 6 ай бұрын

@@martinenej3109 The Irish corporate tax rate is 13% and the Hungarian corporate tax rate is 9%. They also have much cleaner, non-corrupt bureaucracies.

@martinenej3109 6 ай бұрын

@@BusinessandFinance-ym5bk Here it is 3% when your company makes less than 500k per year. Also capital gains is only 10%. Waaaaay better than Ireland or Hungary. No wealth Tax, inheritance or donations tax either. Property tax less than 1%

@stevecarroll6760 6 ай бұрын

Hong Kong banking is fine, I’ve opened with DBS, MOX, and HSBC as a US citizen. The problem is rates are as demoralizing as US banks, and they do report you under FATCA. But you should be compliant anyways. MOX is a digital bank owned by Standard Chartered. I will say, local banks won’t touch US citizens. HSBC allows me to save natively in 8-10 currencies and I get instant transfers to the US. I’ll assume no HK bank is good if you “politically active” in local affairs. But we know for certain the same is true in other markets. In HK too, much is made on personal relationships in banking, I don’t really care about it, but it’s a big deal for local people so it’s the nature of the bank. One thing though, buying life insurance as a US citizen is a burden beyond belief! I have an existing policy through Zurich which I’ll be keeping for now. Once my parents pass, I’ll consider renouncing. But until then, doesn’t make sense with annual trips to Arizona. I’m on the hunt for a second passport in the meantime and it’s not worked for me by descent. Everyone moved to the US too early. I’ve started my own company so don’t want to spend on a passport until we’re cash flow positive. By the way, anyone tells you that taxes are easy, wait until you have to file an 8471. Damn! Be well everybody!

@leoniebachmann2677 6 ай бұрын

A bank "account" with a deposit/cash is nothing but a loan to the bank. As soon as the bank goes bankrupt, there goes your money.

@MuzixMaker 6 ай бұрын

Deposit insurance, strong banks only.

@LukesPersonalChannel 6 ай бұрын

@@MuzixMaker Still nowhere near as safe as owning your own keys in cold storage.

@cryptosecuritytools 6 ай бұрын

@@leoniebachmann2677 correct

@scramjet4610 6 ай бұрын

@@ai_marketing_secret True, ha ha.

@gwynedd1 6 ай бұрын

@@ai_marketing_secret if you are dumb enough not to keep safe copies or multisig then yes, fools are known for parting with their money.

@pablomartinez-sistac8254 5 ай бұрын

Hey Andrew, how about a vid on fintechs? The one on the channel is four years old so I thought an updated version would be good. Im currently living in the DRC where Wise is not allowed and Revolut is limited. Keep up the great content

@MrEL28 5 ай бұрын

I had outstanding bills to settle in the US when I moved back to Asia, and couldn't close my bank account before leaving. I used Wise to transfer my money to Asia till I had 1 cent left in my account. Then I contacted my US bank to close my account and do what they want with the 1 cent.

@MotoM0nk 3 ай бұрын

In Uzbekistan, TBC pays 25% on a flexible deposit in local currency which is depreciating about 3.8-4% in 2024. For USD there are fixed deposits that pay 9%. If you are Uzbek citizen, interest is not taxed. Foreigners pay 10% tax.

@supercruchynoodle 6 ай бұрын

Banks suck for investing. Go straight to online brokerages and if you trade trading view links to all your brokerages. One brick and mortar bank is enough with bare minimum.

@ScottBrooker-oh5ym 5 ай бұрын

My experience with brokerages when out of the US is only Etrade worked flawlessly. They actually have a phone number you can call from your cellphone. All my other accounts you need a land-line. Where I travel in the 3rd world everything is cellphones . Try calling your brokerages International 800 number? Good luck! Virtually no customer service.

@yougeo 5 ай бұрын

As always great insights for things i havent even thought about.

@suebrurell5282 6 ай бұрын

i had a really costly bad experience with TD bank as well, and I am in Canada.

@paulpenn5338 5 ай бұрын

Right about TD bank,they are not worth having an account with. Filed a complaint with CFPB,but no correction occurred. AH forgot to include HSBC,but I think he closed that already.

@thelostcreole 6 ай бұрын

My Life IS all cash and metals. I have a bank account only to pay utilities. My favorite option IS Western Unión! You can send money to yourself to travel destinations and people can pay you there. Fees are not great but convenient.

@phoqueme 6 ай бұрын

I HATE Western Union. They blocked/banned me for a stupid reason because I was "sending/receiving" too much money. Besides their fees are ridiculous

@christianmagno984 6 ай бұрын

@@phoqueme western union banned me too because they wanted documents that I can't provide because they don't exist and can't exist! I had to find another alternative to send money to my family.

@stopper90004 6 ай бұрын

Guys, why are you still using ridiculously expensive services when you transfer wealth instantly with block chain like tether or bitcoin for tiny sums?

@guyclone2651 6 ай бұрын

western union usually gives you a lower exchange rate.plus you have to pay up front to send the money.

@Ziegfried82 6 ай бұрын

If you're not running a business that's actually an extremely smart way to operate. Not an option for business owners though.

@cryptolatino9220 6 ай бұрын

Thanks for the list. Any thoughts on Crypto friendly banks that you know of?

@mypointofview1111 6 ай бұрын

I have news for you. Banks are in more trouble than they'll admit. Just about every bank is closing its doors this summer for the the last time & making staff redundant. If this isn't a big red flag I don't know what is

@nomadcapitalist 6 ай бұрын

We discussed this: kzbin.info/www/bejne/n161aKVpq91sd7s

@pnwijayatilake8318 5 ай бұрын

@@nomadcapitalistThe new banking strategy seems to be as per top 1000 banks list is to become a top player you need be a NEO bank or full digital bank no more brick and motor

@adamselectricuniverse 6 ай бұрын

Great! Sounds like you may have been doing some portfolio re-balancing and moving some stagnant money into new investment opportunities as well as closing unneeded bank accounts. Thanks.

@mississippiapple1078 6 ай бұрын

Wow such great info

@R._L. 6 ай бұрын

Although the desire to constantly innovate is understandable, the recent banner sound effect _(the rumbling "swoosh")_ is a bit too loud and distracting. That said, great subject pick: relatable and oddly informative. Keep up the good work, NC crew.

@nomadcapitalist 6 ай бұрын

Thank you!

@PerryWashington-rj7si 3 ай бұрын

😊😊

@theohallenius8882 3 ай бұрын

The fact that banks can just close your account without any reason is bonkers. I decide to park my money in Ledger, I feel more at peace

@Learned333 6 ай бұрын

I'm surprised I never hear Andrew talk about Fitch ratings of banks.

@bizarre6227 5 ай бұрын

@@delaslight A credit rating agency

@alexandrac9536 22 күн бұрын

Last time I was in Turkey, the bank gave 9 percent interest. i have not seen that in the US perhaps since the 80s

@DanXRP 6 ай бұрын

Great informative video.

@jamescalifornia2964 6 ай бұрын

If you own a business a bank account is necessary. Most still need to write a check now and then . 💰✨️

@e.woodwitch2925 5 ай бұрын

Wise move getting out of TD bank in Canada.

@sscapture 5 ай бұрын

I've lived in Montenegro for a couple of years. The banks there are the worst on the planet. Though if you are a rich person maybe it's possible to get a person banker and things become easier... But definitely not recommended for any ordinary person

@Evangelionism 6 ай бұрын

I'm just some college kid with one Savings account so maybe I'm simply unfamiliar/inexperienced but I have never heard of a "draft" when describing a cheque. We use both "check" and "cheque" here but always say "chequings".

@bullmarket_hungary 6 ай бұрын

The question is how do you assess the risks beforehand. How do you know, in the event of bank runs which one goes down?

@JoinBancoli 5 ай бұрын

You can do two things. Only keep less than 250k in an FDIC insured account or use a bank that offers "full-reserve" accounts in a trust/custody license. We can offer both of these options, our full-reserve account can be used up to 125M USD and is designed for large businesses to keep assets safe, separated and remote from any other business entity's operations (including ours).

@JuanGelogo 6 ай бұрын

Credit unions are best

@andremorse9282 3 ай бұрын

Dad had Alzheimer’s. Head teller took advantage of that. Took him to the cleaners. Eglin Federal Credit Union, they should have known something was wrong with my dad. They just trespassed him and fired the teller a few months later. Watch your elders, bank people will act unscrupulously when they can. A total of $150,000 plus over 5 years. Plus unneeded car loans, for that teller. No jail time for her though.

@aloksrivastava7938 6 ай бұрын

Banks are basically same everywhere. It does not matter how many countries you've got your banks account in, but rather how many of those accounts you are gonna use. Banks mean unnecessary paperwork or at the very least you have to use an app to fill out pointless forms which are a waste of time. I prefer real assets like metals and real estate, which don't require filling out too many forms.

@Andrew-tt5lv 6 ай бұрын

What about neobanks? Revolut, NuBank etc?

@dosta5652 6 ай бұрын

Enshittification got to them. They will randomly close your account and hold your money hostage over months as you struggle to get through their AI customer service to reach one of the few filipino call centre sweatshop workers to prove your source of funds.

@pures1n 6 ай бұрын

Those are trash and close your accounts if you make too much money. They are anti capitalism. Stay far away from EU controlled banks.

@thebodyclockco 5 ай бұрын

crickets. This is the way

@mattanderson6672 6 ай бұрын

Thanks Andrew

@sherrysaunders8680 6 ай бұрын

Interesting enough, I have paid wire transfer charges at every bank that I have used globally. For transfer fees to be waived or special fees applied, you have to be within an elite or ultra high net worth client group, and this is by negotiation with your private banking officer ... especially in the private banking sector of The Bahamas and others.

@MisterPurpleFalcon 6 ай бұрын

Do you spend all your time opening and closing bank accounts? This is an amazing video.

@nomadcapitalist 6 ай бұрын

He has spent a lot of time historically with banks, yes.

@panmichael5271 6 ай бұрын

Have you ever considered setting up your own bank?

@jamescalifornia2964 6 ай бұрын

_"The Bank that treats you best ! "_ 💰👌

@hkkyt8963 6 ай бұрын

People with Thai bank accounts could have easier time opening a Singapore account? Definitely interested

@KeepItSimpleStupidMX 6 ай бұрын

Mexico has an interest rate of 10.75% 😂

@playwithpets 6 ай бұрын

What account types offer that rate? CD, savings, or checking?

@jordanwentzell5220 6 ай бұрын

Unfortunately peso has crashed 15% just the last couple months, likely much more to come with the communist government just elected

@chrislabate4549 6 ай бұрын

I also heard some Expats had their accounts drained by a Mexican bank,basically they had to spend a fortune on lawyers as almost their entire life savings were sitting in a Mexican bank,in the millions,they eventually got money back but how much exactly was returned wasn't disclosed as the case was sealed with a non disclosure clause,all banks are riskier then advertised

@playwithpets 6 ай бұрын

@@chrislabate4549 You are talking about the case of bank freezing the customers account or customer's account drained by un authorized criminals?

@JJ38255 6 ай бұрын

@@chrislabate4549There's cases of bank employees in Mexico running off with people's money and it was never recovered. Don't risk it

@user-superheroef 5 ай бұрын

Interesting content as usual . HSBC in Taiwan is my main account as I am resident here. Can anyone shed light on Andrew’s remark about HSBC HK?

@billsblue89 6 ай бұрын

HSBC Canada was sold to Royal Bank. VERY disappointing as Royal service is average at best. I'm positive all the no cost fees HSBC offered its customers will disappear as well.

@Carolinapetroska 6 ай бұрын

I closed HSBC high fees, poor service.

@israelvelez3078 6 ай бұрын

hopefully my max would probably be only five accounts world wide , there are so many rules and regulations worldwide you have to pay close attention

@israelvelez3078 6 ай бұрын

I like your advice because you have been to that door entrance and speak from experience 😇

@HungrysitesRu 6 ай бұрын

I still don't understand why close if you can just leave it with $0? Most often it's free. I opened an account recently in one of these banks you mentioned just to have options.

@phoqueme 6 ай бұрын

Many accounts (most in the US actually) have sleazy monthly fees if you don't meet certain requirements (direct deposit, minimum monthly balance, etc), so better to just close if you won't actively use it. The main reason why online banks are appealing is because they don't charge these stupid fees

@AdvExplorer 5 ай бұрын

do you actually close the account or keep it at 0 balance?

@Mikesadventures-m2q 6 ай бұрын

There is always an option!

@cultytalk 6 ай бұрын

TD is so bad for international travel. They dont even do International transfers and u can't add an International phone number in their system. Its crazy!!

@elsbells8545 6 ай бұрын

Consider how many banks accounts you have in different branches, it cost you every month maintenance fee…. etc…. I think on year basis, a few $ 1000 ( I guess) it’s it worded…?

@quinntheeskimooutdoors6234 6 ай бұрын

Thanks and take care 😊

@andyonions7864 5 ай бұрын

As a Brit, I'd say all those banks would be considered 'small'.

@peterliggett5233 6 ай бұрын

How about the Cayman Islands.

@dougscott188 6 ай бұрын

I closed an account in Panama recently.

@Carolinapetroska 6 ай бұрын

Why ? I noticed they asked too many private questions and required proof of everything.

@AAAAAK5 5 ай бұрын

I agree about UOB customer service not as good …. OCBC and DBS a better option

@Miner-dyne 6 ай бұрын

Good video!

@xaviergonzalez3814 5 ай бұрын

You should give Battle Bank a try & tell us how it is

@carefulconsumer8682 6 ай бұрын

Your situation is different then for USA citizens. For USA citizens foreign bank accounts are a pain since you have lots of paperwork to file as does the bank. Many bankers overseas don;t want to be bothered with American citizens because of the filing I read somewhere. Not sure if that's true. Maybe you know?

@nomadcapitalist 6 ай бұрын

We discussed it recently: kzbin.info/www/bejne/r5i5o5udfbWZjrc

@carefulconsumer8682 6 ай бұрын

@@nomadcapitalist Thanks.

@harryukraine 6 ай бұрын

What do you think about Raiffeisen Bank in Austria and Ukraine? I'm not sure if you have any experience with them.

@shirleylake7738 5 ай бұрын

Might want to research banks that stayed open during the 1929 depression .❤

@PatrickDwyer-k9u 6 ай бұрын

Nobody mentioned "FATCA"? (I think that only Russia, and China ignore the requirements). This applies to all US Citizens. We refer to the requirements as very costly to the host bank, due to the extensive reporting requirements.

@user-iu2kq7nx8u 6 ай бұрын

That's just part of being American where there's no escape from taxes and must desperately hold onto people unlike other developed countries

@YouGotOptions2 6 ай бұрын

It has been mentioned on this channel before

@stopper90004 6 ай бұрын

Bitcoin, monero and tether fix this

@user-iu2kq7nx8u 6 ай бұрын

@@stopper90004 how so? Genuinely curious to learn

@YouGotOptions2 6 ай бұрын

@@stopper90004 how when all but one you mentioned are surveillance coins?

@goedelite 4 ай бұрын

Isn't a brokerage account just as risky as a bank account, if not more? Where does the broker place your cash? In money market funds? In US government money market funds? Isn't the government in $35 trillion debt ? If it does not weigh anything, it is unlikely to be worth anything when the system implodes.

@bodyloverz30 6 ай бұрын

Andrew you've mentioned Malta for Citizenship, what banks would you recommend?

@nomadcapitalist 6 ай бұрын

Good question for our team: www.nomadcapitalist.com/apply/

@bodyloverz30 6 ай бұрын

@@nomadcapitalist I really think they may be the right fit, plus real estate looks good too.

@blktauna 6 ай бұрын

HSBC doesn't work with its own branches, let alone across countries... AVOID

@milo-qh7cv 6 ай бұрын

too many bad issues with it

@nicolasolea6314 6 ай бұрын

HSBC is a Bank which changed their Banking offering decades ago, to meet expatriates’ demands, whose Banking needs require a Global Bank which might served them almost anywhere in the world, where HSBC have a subsidiary..therefore if you were a Premier Account holder Client in the UK and you were transferred to Mexico or the US, you are still identified and treated as such (Premier) and HSBC’s web service Platform allows you to transfer funds from your host country currency (in real time) to your original currency..I have not seen this possibility in another Bank..yet

@gvyong 3 ай бұрын

Will Nomad Capitalist ever explore banks in China or Russia? Being very specific here. E.g. Bank of China in Singapore will still comply with Fatca vs a BoC on China territory.

@vaidotast 6 ай бұрын

When you said "I just closed so many bank accounts", I really thought it would be more than 6

@nomadcapitalist 6 ай бұрын

Sorry to disappoint you.

@tbbarabara 5 ай бұрын

As a western woman traveling along, should I have safety concerns traveling to KL now? I'm from the US and our activities during the last few years could cause some Muslims to be disgruntled? Are you hearing of incidents directed toward there?

@PassionPno 4 ай бұрын

It is safe to travel to KL. Far safer than Thailand.

@Yellowstone-Elsa-Ranch-1883 5 ай бұрын

How’s the HSBC in Singapore doing at the time? Is it convenient to use it?

@brightonshores 6 ай бұрын

I'll be closing the last of my bank accounts next yr[tax reasons, I'm in Canada] I'm @ BMO not TD or CIBC[who are having issues], I closed my other ones & bought gold & silver[5yrs ago] & am looking at Thailand[their new visa is great! ], for a 2nd citizenship, trying to find a way to travel with my g&s without getting taxed to death ,,,,any suggestions??

@t.rakchat2442 6 ай бұрын

Im Thai. Good that you escape Canada. A lot of our gen z and gen y have wrong idea about Canada . In their dream they think Canada is the best in the world. They will be dissapoint when they see Canada today.

@t.rakchat2442 6 ай бұрын

Good that you escape Canada.

@jamessmithers4456 6 ай бұрын

Abe careful the thais are establishing a worldwide tax system to catch the foeegn income of foreigners living there

@rosalieo5045 5 ай бұрын

How do you feel about credit unions?

@CervatiucAlin 6 ай бұрын

Egypt has a rate over 20% in savings accounts

@stopper90004 6 ай бұрын

Yeah and inflation is much higher

@nomadcapitalist 6 ай бұрын

Stay tuned for a video from Egypt.

@lisadiederich7259 6 ай бұрын

Be careful with assets it if the male passes. My cousin married someone from Egypt. He was Muslim, she is not, she cant inherit his assets. They are going to other family. I have no idea if it’s a non Muslim person with the assets. I’d just check the rules.

@EricHa-lt9oc 5 ай бұрын

@NomadCapitalist Singapore banks started closing (and not opening) accounts created by all the Citizenship by investment countries. I hold one myself. This happens right after the recent scandal they had with Chinese using these passports to do money laundering in the country. The following countries are being rejected and getting closed as per my information: Turkey, Cambodia, Cyprus, Dominica, Saint Lucia and other Caribbean countries. Did you open your Singapore bank accounts using your Saint Lucia passport? Are you having any issues?

@badboi6332 6 ай бұрын

Erste Bank in Montenegro is actually (as far as I know) a branch of Austrian Bank... just like in Croatia...😅

@nomadcapitalist 6 ай бұрын

Erste Bank is an Austrian bank, yes.

@herbertvonsauerkrautunterh2513 6 ай бұрын

I need to check my account in Thailand. Haven't been there since 2019. I hope that didn't close it. Bangkok Bank is pretty terrible. Funny thing is that the banker that opened our account was a different relative of my wife. Hmmm. Interesting.. When I go to Thailand I usually bank and transact in cash and gold .. stay out of the system

@alpineflauge909 5 ай бұрын

good job

@nomadcapitalist 5 ай бұрын

Thank you!

@nayanmipun6784 3 ай бұрын

Talk about dukascopy please

@Sodainspace 5 ай бұрын

I really warn you against using UAE banks if you’re not living there I have major issues, once you leave you risk your account getting closed down if they find out you left the country and it’s very difficult getting anything done from overseas relation to your bank. Don’t do it

@sellamihaythem3797 6 ай бұрын

Can you tell which UAE bank exactly u thought to close? thnx for the video!

@nnuae 6 ай бұрын

He's mentioned that UAE is good for stability and not transactional banking so based on that description I'd assume FAB

@dvened 5 ай бұрын

More people should try this😅

@samuelzev4076 6 ай бұрын

How about banks like Butterfield and Julis Bär? Are they good banks?

@ashog1426 6 ай бұрын

Shout out from an Armenian…. I want to get a second passport there.

@befree9579 5 ай бұрын

Unless you are running businesses in those countries to stay with a visa longer most of us normal folks don't need to do that.

@sabinevandersalm7967 5 ай бұрын

What do you think about Wise bank?

@robbie609 6 ай бұрын

pretty sure Ardshin is the best bank in Armenia

@fromtheedgeofdarkness 5 ай бұрын

It is my personal opinion all happiness has been taken away from humanity because of two subjects. Religion and Money, how can we go forward and create Happiness and love when it all comes down to only 'Religious supremacy or Power supremacy ' Saddens me to know we have been going in the wrong Direction, terribly sad times we live in.