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How to Avoid a Frozen Offshore Bank Account 

Nomad Capitalist
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If you've never opened an offshore bank account, you might never imagine that your funds could be frozen. Many people imagine that the same rules apply overseas as in their home country, but that's not always true.
Offshore banks - particularly those that allow remote account opening or are in small countries - may be more sensitive to certain types of transfers or business activities. They may be spooked by large transactions. You may even need to develop a relationship with your banker.
Following steps to avoid having your bank account frozen is important, precisely because so many new offshore banking clients never imagine there could be any problems.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: nomadcapitalis...
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

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19 сен 2024

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Комментарии : 43   
@waywardgeologist2520
@waywardgeologist2520 5 лет назад
Lot easier to use Bitcoin and avoid bank intrusions.
@klwthe3rd
@klwthe3rd 5 лет назад
I really wish you would do a video on the actual banks that tend to be the safest institutions for depositing your money abroad. The United States seems to think they can bully the international banking institutions into giving them everything on each bank's customers. If I'm depositing money into an overseas bank I would rather deal with a bank that isn't going to fold like a deck of cards on every United States inquiry. Switzerland used to be the gold standard but not anymore.
@jordanwentzell5220
@jordanwentzell5220 5 лет назад
It's happened to me many times - particularly with US and Canadian banks.
@fikan3051
@fikan3051 4 года назад
How you did it when they need SSN but we can not have.?
@YarikSychov
@YarikSychov 5 лет назад
Had a bank account in Montenegro, they got in touch with me in 2017 asking for all sorts of papers. Basically, had to close the account. Thanks for the video
@AJ-df1hn
@AJ-df1hn 5 лет назад
Were you able to get your money out at least?
@YarikSychov
@YarikSychov 5 лет назад
@@AJ-df1hn yeah, it wasn't an issue, luckily.
@NeverMetTheGuy
@NeverMetTheGuy 5 лет назад
RU-vid wasn't showing me your stuff recently (probably due to watching habits), but it's good to see your videos again; hopefully your videos maintain this level of quality.
@studentchaoren9805
@studentchaoren9805 5 лет назад
Good video; interesting topic as always: Thumbs up! 👍
@Modern.Millennial
@Modern.Millennial 5 лет назад
One word: cryptocurrency
@batdp88
@batdp88 5 лет назад
Quick and accurate answer.
@sevenstargoal
@sevenstargoal 5 лет назад
Just have to stick with a reputable company, because you have no repercussions
@georgew1857
@georgew1857 5 лет назад
Try running a business that actually makes money accepting crypto.
@nickyboy27
@nickyboy27 5 лет назад
And try and recieve multiple fiat transactions when u cash in the profits
@YarikSychov
@YarikSychov 5 лет назад
@Radio Illuminati it's your duty to do a research. There's a ton of privacy oriented wallets, they're just not mainstream for obvious reasons
@Dextamartijn
@Dextamartijn 4 года назад
In Canada the bank can and has the right to ask to ask you where you're money comes from
@nhojoed5133
@nhojoed5133 5 лет назад
Good point..... thnks andrew....
@dawidblachowski
@dawidblachowski 5 лет назад
My account was frozen and I had to explain to bank what is the source of money - it was ca. 8$k worth in polish currency and I got it back in 2003 from my father from his accident insurance.
@dawidblachowski
@dawidblachowski 5 лет назад
@Gap Rame Mlon Eusk I needed to explain the source of money and they unfrozen it after a while.
@killowatraibikio2855
@killowatraibikio2855 5 лет назад
Short Banks long Crypto!
@edvhollywood4544
@edvhollywood4544 3 года назад
My bank n Mexico asked for my close contract for the sale of my house in USA . THe escrow company is who I instructed tossed it, were not very savvy. They also talked by phone to Mexico bank. Serous instruct monies to your USA account then do wire transfer to next country.
@davechan4262
@davechan4262 5 лет назад
It's a wild world out there.. a financial jungle.. 🙄 Thanks for the tip Andrew.. 😃👍
@abdelmoutalebramoul7264
@abdelmoutalebramoul7264 5 лет назад
Such a great insight
@khongten4247
@khongten4247 5 лет назад
Can't freeze Bitcoin.
@anavelaeshomestead
@anavelaeshomestead 5 лет назад
Wrong, government's can freeze trade.
@khongten4247
@khongten4247 5 лет назад
@@anavelaeshomestead Freeze trade?
@hernandayolearyallda
@hernandayolearyallda 4 года назад
They'd cut off the exchanges at the legs via the payment processors. Once the average person can't move money between crypto and cash, they will run for the gates trying to cash it out.
@Bufgus
@Bufgus 5 лет назад
Where is the best safe haven to take your money please?
@MSXTJ
@MSXTJ 5 лет назад
Crypto
@elmencho7461
@elmencho7461 4 года назад
Gustav De Wet you get charged for every transaction 🤷🏾‍♂️
@christopherellis2663
@christopherellis2663 3 года назад
CBA 🇦🇺froze mine when I was in Sarajevo because I had a BiH SIM! Had to find a landline to call them on to sort it out. That took me a week. Fortunately, I had enough cash on hand. There is email access for this process.
@tankersmit
@tankersmit 3 года назад
Thank you so much for the great videos! Im in England and not able to receive my 4 digit authentication code as US phone is out of network area.... how the heck am I meant to access my online banking and receive The 4 digit tel code!!?? Im stuck!!
@cesarcajas3272
@cesarcajas3272 3 года назад
Well could you mention having 6 digits amount in one bank isn’t secure?
@alienordaquitania5579
@alienordaquitania5579 5 лет назад
I always try to bank with banks whose presidents I know personally or have connections to my family.
@fikan3051
@fikan3051 4 года назад
How I can do when money forzen in offshore​ bank​ as they ask for SSN that I did not have?
@cementman69
@cementman69 5 лет назад
what if i have an offshore account and i want to withdraw money just to spend it what contract should i send for that?
@fgkjhhbbnn9709
@fgkjhhbbnn9709 4 года назад
It is safe to open a bank account with HSBC in UAE for non resident I am a Indian resident please reply to my query
@davelawson2564
@davelawson2564 3 года назад
poor customer service. only personal visits may work to resolve any Issues.
@souiritv8355
@souiritv8355 2 года назад
Portugal is better. Try activo banco .but you need to visit the bank in Portugal.
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