Americans are RUSHING to Swiss Banks (They’re Making a Mistake)
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Top Comments (10)
I am an American who lived in the Switzerland for 20 years. The DOJ can send an email and get access to your "Swiss" bank account and records and its been that way for 20 years. Same with Proton the email service ... they will zip up your account and send it to the DOJ without hesitation. Americans watch too many old movies.
I’m a financial compliance officer, at one of the big three banks in Singapore, and we’re getting a-lot of information request, from US regulators, regarding US citizens financial holdings lately. Hope you guys understood what I’m trying to tell you.
Even though I’m not a millionaire, I enjoy listening to your advice and perspective.🌎
I just moved one million to Switzerland and it was very easy. I flew to Zurich and went to the private client office right in the airport. Took 45 minutes for signatures. Bank fees are about 400 dollars a year. Not too bad. Online functionality is great and I have a representative I can reach during working hours and a 24 hour a day English hotline. Actually much better than the banks in the USA. The downside is that there isn’t the same type of insurance on deposits there.
A lot of Swiss banks do not even accept US passport holders as client!! These banks just dont want the hassle of US regulators and IRS.
I'm surprised non-Swiss resident US Citizens can still open bank accounts in Switzerland. My company has expat employees (engineers) working in Zurich and they've all had a miserable time opening simple checking accounts - just to pay the bills and get local debit/credit cards, real low dollar stuff. Nonresident US citizens have cost Swiss banks Billons in fines from the US.
If you’re concerned about protecting your wealth, don’t overlook your personal freedom. Watch our latest video — How to Escape the Next Global Lockdown. Mr Henderson shares his solution: geographic diversification — so you’re prepared for whatever comes next: https://youtu.be/no2PLNIzEfs?si=f8WhRKdhisVZ5m9k
In the mid 2000’s I had a ‘Sparbach’ Austrian bank account using only a pass phrase no name attached to it. I wonder if that still exists.
Wife and I do some banking in Singapore with DBS. Simply cannot complain about the service.
"Nobody is attempting to build a wall here"... Don't forget this
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Top Comments (10)
I am an American who lived in the Switzerland for 20 years. The DOJ can send an email and get access to your "Swiss" bank account and records and its been that way for 20 years. Same with Proton the email service ... they will zip up your account and send it to the DOJ without hesitation. Americans watch too many old movies.
I’m a financial compliance officer, at one of the big three banks in Singapore, and we’re getting a-lot of information request, from US regulators, regarding US citizens financial holdings lately. Hope you guys understood what I’m trying to tell you.
Even though I’m not a millionaire, I enjoy listening to your advice and perspective.🌎
I just moved one million to Switzerland and it was very easy. I flew to Zurich and went to the private client office right in the airport. Took 45 minutes for signatures. Bank fees are about 400 dollars a year. Not too bad. Online functionality is great and I have a representative I can reach during working hours and a 24 hour a day English hotline. Actually much better than the banks in the USA. The downside is that there isn’t the same type of insurance on deposits there.
A lot of Swiss banks do not even accept US passport holders as client!! These banks just dont want the hassle of US regulators and IRS.
I'm surprised non-Swiss resident US Citizens can still open bank accounts in Switzerland. My company has expat employees (engineers) working in Zurich and they've all had a miserable time opening simple checking accounts - just to pay the bills and get local debit/credit cards, real low dollar stuff. Nonresident US citizens have cost Swiss banks Billons in fines from the US.
If you’re concerned about protecting your wealth, don’t overlook your personal freedom. Watch our latest video — How to Escape the Next Global Lockdown. Mr Henderson shares his solution: geographic diversification — so you’re prepared for whatever comes next: https://youtu.be/no2PLNIzEfs?si=f8WhRKdhisVZ5m9k
In the mid 2000’s I had a ‘Sparbach’ Austrian bank account using only a pass phrase no name attached to it. I wonder if that still exists.
Wife and I do some banking in Singapore with DBS. Simply cannot complain about the service.
"Nobody is attempting to build a wall here"... Don't forget this