Any guide on how I could open one up? As part of my diversification of my $600 USD
this post was submitted on 18 Apr 2025
318 points (99.7% liked)
News
35962 readers
3164 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source. Clickbait titles may be removed.
Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.
7. No duplicate posts.
If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners or news aggregators.
All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
I think the minimum deposit for most of them to even talk to you is $10,000 or $100,000. I realize that's a big range, but I can't remember if there were 4 or 5 zeroes when I did some cursory research. Either way, too rich for my blood.
Yeah same. Why not? The shitheads in office do it to hide their money so why not us when we want to make sure they keep their dirty mits off what's ours
Well sheeit. Look at Mr. Moneybags here. Care to spread that wealth around? When we eat the rich, you'll be on my plate.
When rich people no longer feel their money is safe in their own country? Red flags for economic stability
How loyal to their homeland they are. Don't ever forget rich people are traitors to their country and people. May that stain never leave them and haunt them until they pass.
Wish I could remember the penalty for treason... It'll come to me (or them).
My friend has dual citizenship (Switzerland & USA) because his mom is from the USA, but he has always lived in Switzerland. One of his bank accounts got closed when they found out he wasn't just Swiss, but had US American citizenship too. I guess this is another case of things that only work if you're rich.
He's getting so annoyed with the USA's tax overreach. He can't get banking easily, can't do the standard retirement savings, because they usually invest in bonds and using "foreign" bonds from the perspective of the USA's IRS would cost him extra and he has to file taxes. Apparently even getting rid of US American citizenship is expensive and slow, and they don't offer the "Service" in the embassy in Switzerland, he'd have to go to Paris.
That's not about the rich, most banks these days just don't want to service US citizens without a premium, because it puts a lot of bureaucracy on them. Blame the US government.
Well they didn't want my friend because he wasn't worth the trouble. But apparently rich Americans are opening accounts here without significant issues. So I'm seeing a clear difference based around the amount of assets someone has.
Your friend could always pay an extra fee or go to a different bank.
No he could not pay an extra fee, they just told him no. And different banks also declined. He was just holding onto an account he had for a while already from a bank that somehow never asked him about being a US Person, even though all banks usually do these days.
The he started working for a bank and they did give him an account, because they only want to pay wages onto an account in their own system. But that bank is now getting merged into one who didn't want to give him an account, and he's likely losing his job when the merger finishes, so we'll see what happens to that account then.
Has your friend tried creating an LLC or something and opening an account that way? I do wonder if “business” is seen differently for risk versus personal accounts.
It is the land of the the free. But IRS will hunt you down regardless of where in the world or perhaps planet in the universe you reside.
in the universe you reside.
I hear they control Time and Space now.
Other options. Singapore or Dubai.
The more everything changes...
~~rich Americans~~ tax evaders
Come on, were were about ten years away from the centennial.