How to Avoid a Frozen Offshore Bank Account

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  • Опубліковано 28 лис 2024

КОМЕНТАРІ • 43

  • @klwthe3rd
    @klwthe3rd 5 років тому +10

    I really wish you would do a video on the actual banks that tend to be the safest institutions for depositing your money abroad. The United States seems to think they can bully the international banking institutions into giving them everything on each bank's customers. If I'm depositing money into an overseas bank I would rather deal with a bank that isn't going to fold like a deck of cards on every United States inquiry. Switzerland used to be the gold standard but not anymore.

  • @YarikSychov
    @YarikSychov 5 років тому +8

    Had a bank account in Montenegro, they got in touch with me in 2017 asking for all sorts of papers. Basically, had to close the account. Thanks for the video

    • @AJ-df1hn
      @AJ-df1hn 5 років тому

      Were you able to get your money out at least?

    • @YarikSychov
      @YarikSychov 5 років тому

      @@AJ-df1hn yeah, it wasn't an issue, luckily.

  • @waywardgeologist2520
    @waywardgeologist2520 5 років тому +22

    Lot easier to use Bitcoin and avoid bank intrusions.

  • @jordanwentzell5220
    @jordanwentzell5220 5 років тому +13

    It's happened to me many times - particularly with US and Canadian banks.

    • @fikan3051
      @fikan3051 4 роки тому +1

      How you did it when they need SSN but we can not have.?

  • @NeverMetTheGuy
    @NeverMetTheGuy 5 років тому +1

    UA-cam wasn't showing me your stuff recently (probably due to watching habits), but it's good to see your videos again; hopefully your videos maintain this level of quality.

  • @Modern.Millennial
    @Modern.Millennial 5 років тому +24

    One word: cryptocurrency

    • @batdp88
      @batdp88 5 років тому +6

      Quick and accurate answer.

    • @sevenstargoal
      @sevenstargoal 5 років тому

      Just have to stick with a reputable company, because you have no repercussions

    • @georgew1857
      @georgew1857 5 років тому +8

      Try running a business that actually makes money accepting crypto.

    • @nickyboy27
      @nickyboy27 5 років тому

      And try and recieve multiple fiat transactions when u cash in the profits

    • @YarikSychov
      @YarikSychov 5 років тому +6

      @Radio Illuminati it's your duty to do a research. There's a ton of privacy oriented wallets, they're just not mainstream for obvious reasons

  • @killowatraibikio2855
    @killowatraibikio2855 5 років тому +7

    Short Banks long Crypto!

  • @Dextamartijn
    @Dextamartijn 4 роки тому +2

    In Canada the bank can and has the right to ask to ask you where you're money comes from

  • @edvhollywood4544
    @edvhollywood4544 3 роки тому +1

    My bank n Mexico asked for my close contract for the sale of my house in USA . THe escrow company is who I instructed tossed it, were not very savvy. They also talked by phone to Mexico bank. Serous instruct monies to your USA account then do wire transfer to next country.

  • @nhojoed5133
    @nhojoed5133 5 років тому +4

    Good point..... thnks andrew....

  • @studentchaoren9805
    @studentchaoren9805 5 років тому +4

    Good video; interesting topic as always: Thumbs up! 👍

  • @davechan4262
    @davechan4262 5 років тому +1

    It's a wild world out there.. a financial jungle.. 🙄 Thanks for the tip Andrew.. 😃👍

  • @dawidblachowski
    @dawidblachowski 5 років тому +4

    My account was frozen and I had to explain to bank what is the source of money - it was ca. 8$k worth in polish currency and I got it back in 2003 from my father from his accident insurance.

    • @dawidblachowski
      @dawidblachowski 5 років тому +1

      @Gap Rame Mlon Eusk I needed to explain the source of money and they unfrozen it after a while.

  • @abdelmoutalebramoul7264
    @abdelmoutalebramoul7264 5 років тому +2

    Such a great insight

  • @tankersmit
    @tankersmit 3 роки тому

    Thank you so much for the great videos! Im in England and not able to receive my 4 digit authentication code as US phone is out of network area.... how the heck am I meant to access my online banking and receive The 4 digit tel code!!?? Im stuck!!

  • @Bufgus
    @Bufgus 5 років тому +2

    Where is the best safe haven to take your money please?

    • @MSXTJ
      @MSXTJ 5 років тому +6

      Crypto

    • @elmencho7461
      @elmencho7461 5 років тому

      Gustav De Wet you get charged for
      every transaction 🤷🏾‍♂️

  • @christopherellis2663
    @christopherellis2663 4 роки тому

    CBA 🇦🇺froze mine when I was in Sarajevo because I had a BiH SIM! Had to find a landline to call them on to sort it out. That took me a week. Fortunately, I had enough cash on hand. There is email access for this process.

  • @fikan3051
    @fikan3051 4 роки тому

    How I can do when money forzen in offshore​ bank​ as they ask for SSN that I did not have?

  • @cesarcajas3272
    @cesarcajas3272 4 роки тому

    Well could you mention having 6 digits amount in one bank isn’t secure?

  • @khongten4247
    @khongten4247 5 років тому +3

    Can't freeze Bitcoin.

    • @anavelaeshomestead
      @anavelaeshomestead 5 років тому

      Wrong, government's can freeze trade.

    • @khongten4247
      @khongten4247 5 років тому

      @@anavelaeshomestead Freeze trade?

    • @hernandayolearyallda
      @hernandayolearyallda 4 роки тому

      They'd cut off the exchanges at the legs via the payment processors. Once the average person can't move money between crypto and cash, they will run for the gates trying to cash it out.

  • @cementman69
    @cementman69 5 років тому

    what if i have an offshore account and i want to withdraw money just to spend it what contract should i send for that?

  • @alienordaquitania5579
    @alienordaquitania5579 5 років тому +2

    I always try to bank with banks whose presidents I know personally or have connections to my family.

  • @fgkjhhbbnn9709
    @fgkjhhbbnn9709 4 роки тому

    It is safe to open a bank account with HSBC in UAE for non resident I am a Indian resident please reply to my query

    • @davelawson2564
      @davelawson2564 3 роки тому +1

      poor customer service. only personal visits may work to resolve any Issues.

    • @souiritv8355
      @souiritv8355 2 роки тому

      Portugal is better. Try activo banco .but you need to visit the bank in Portugal.