Foreign Currency Account [How to Open Currency Accounts]
Foreign currency accounts benefit individuals and businesses that engage in cross-border transactions. They’re also extremely valuable for anyone living in countries with high inflation.
Capital Controls
Open a Bank Account in Vietnam as a Foreigner
If you want to open a bank account in Vietnam, you better have a good reason. Banking here can be insanely expensive. Not to mention extremely difficult to open accounts unless you’ve got the right visa. And, it’s not a…
Offshore Account Opening [Starter Guide]
An offshore account can be a powerful tool for diversification, asset protection, and even wealth creation. But, if you’re not careful (or choose the wrong one), offshore accounts can also cause headaches, trigger unintended tax reporting requirements, and be expensive…
Open a Bank Account in Russia as a Non-Resident?
The following article was originally published in December 2020. Russia is not currently a suitable option for account opening. We will update this article with relevant account opening intelligence when possible.
Gold Prohibition & Capital Controls – Can It Happen Again?
Imagine waking up on Sunday morning and finding out that a particular financial asset is now illegal to own… a prohibition on gold. You, as a private citizen, can no longer own gold coins, bullion, or gold certificates. Don’t worry…
COVID-19 Banking Q&A: Your Questions Answered
Last week, we asked GlobalBanks subscribers if they had any questions about banking during the COVID-19 outbreak. As it turns out, the current crisis and the resulting economic impact have people worried about banking. Very worried. As you’ll see below,…
Money Safe During a Recession [How to Know]
Whether your money is safe during a recession comes down to where you bank - we share the specific factors you should consider below.
Banking in Lebanon: A Cautionary Tale
Banking in Lebanon used to be seen as a status symbol. It was home to solid banks with good reputations that offered customers stability (and banking secrecy) in a shaky part of the world. But banking in Lebanon is changing.…
Bank Regulators: Friend or Foe?
Bank regulators enforce banking laws, monitor bank reporting, and protect depositor funds. But they also cause a lot of red tape and headaches for would-be account openers.