Quote:
|
Originally Posted by sheken
indeed, but how do you make sure that an "online" BVI bank is secure ?
what if they close shop within 2 weeks and take your money with them ?
I need something safe. I may not have 500k to deposit up-start, but I could definetely start with 20k.
I just called Credit Suisse and they told me that for offshore businesses, I need to either bring up 400 000$ and deposit it with them OR provide assets worth 400k US or more.
nice.
guess I can try UBS too but I think I know what they will tell me
|
Banks don't close shop in a couple of weeks and there are 1000's of em with online banking facilities - how else do their clients have current data? They have "procedures" for this.
For under $100K any bank, within reason, is secure enough for that level. (Tho.. it's good practice to have a number of banks and split larger sums - that even applies to "onshore").
People like Credit Suisse are no longer "the" Credit Suisse, but an amalgamation of First Boston and the old Credit Suisse - a place to avoid
If you are in the EU right now.. it's going to be hard to do this without being armed. Banks want total disclosure, including offshore and a pile of paper and recommendations if possible plus source of funds info blah.
Understand your caution in wanting security, but it seems over the top with the level of funding you are talking about. It's gonna be hard to see many banks running away with $20K - $100K worth!
Suggestion... open four accounts and stuff $5K in each and build on that depending how ya feel about the bank.