Foreign Currency Account [How to Open Currency Accounts]

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…
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…
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…
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,…
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.…
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