โ ๏ธ Disclaimer: we are not financial advisors nor should this be considered advice. It is a collation of resources and personal experiences. Always consult with your own financial advisor, accountant, and tax specialist. If something happens, we are not liable.
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๐ฆ Banking
Out of country banking and reliable banks as US citizens. This is a bit difficult due to FATCA.
- Swiss banks (may need min. $250K)
- HSBC Premier UK (need ยฃ100K in savings, investments, or income to open this account, details below)
- RBC Canada (no minimum but need to verify identity in person. You can apply online but it's better to call. Reason why and details in this post)
- ScotiaBank Canada (no minimum but need to verify identity in person; you can also go to ScotiaBank Mexico to do this if you are closer to the southern border)
- Singapore (may need min. $250K)
What if you don't have much money?
That's okay. Most of us don't. You can use WISE or Revolut (or similar) to hold funds in a different currency. Both are great options. Note that they are not insured so you could lose your money. They're better for short term holding.
You can also use WISE to send money to places like BullionStar through PayNow for more security and faster fund transfer.
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