International banks in top banking jurisdictions offer offshore bank accounts for seafarers. So, opening an account as a seafarer shouldn’t be difficult. However, due to increasingly strict bank onboarding policies, it’s becoming more challenging. In many cases, when bankers hear…
“What is a non-transaction account?” is a common question we receive from individuals in the following situations: Opening an account with a fixed-term deposit or certificate of deposit (CD) Stepping into private banking for the first time Trying to send…
Power of attorney problems with banks typically arise when banks reject a power of attorney (POA). This can cause significant challenges for the agent granted power through the POA and often leads to unwanted (and unnecessary) legal expenses. When dealing…
Problems faced by customers in banks can range from poor customer support to not being able to send international transfers. The specific bank you deal with, your account manager, and even how profitable you are as a client can all…
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