Personal Bank account for Company dividends

Mike Forman · Jan 31, 2023

gatrader said:
If wise decides to freeze for example 5m every week and release whenever they want (never respecting the terms they mention) is it like a free loan?

They don't care about this and don't freeze funds to have a loan. The total amount available on all accounts is a magnitude of what gets temporary frozen. All that money is available in that sense. Also there are different regulations of what savings can be used for by a bank.

JimBeam · Jan 31, 2023

Fly to US, walk into Chase bank branch and open a personal account.
Friend of mine (from Serbia and with Serbian passport) has one.

Meta · Feb 1, 2023

MiddleEuroAsia said:
Same with credit Suisse in Switzerland. I have both personal and business account with them and they don't ask these kind of questions.

Also DBS Singapore, only 500k deposited with them, and I transfer money from Vanuatu, Seychelles, Hongkong, Labuan and Dubai regularly without a single question.

CIM is just this bizarre, but they have their use cases.

Could you please give a bit details regarding DBS as I'm planning to open an account with them soon? Is it a personal account, DBS Treasures? Are you paying any AUM fees? You just get some transfers with "dividends" transfer purpose and they are basically fine with it? Cheers.

Personal Bank account for Company dividends

Mike Forman

Active Member

JimBeam

Meta

Privacy & Transparency

Privacy & Transparency