Which passport do you hold?
What about HSBC UK?
Minimum deposit 25k GBP, can be good as long as you you are not a passport holder of a problematic country.
Swiss banks are great as well, but usually require 300k minimum deposit.
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What about HSBC UK?
Minimum deposit 25k GBP, can be good as long as you you are not a passport holder of a problematic country.
Swiss banks are great as well, but usually require 300k minimum deposit.
Thanks.
Does anyone have an idea where I can open an account with an EMI but OUTSIDE Germany with a DE/FR/IT IBAN?
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I might use the opportunity and spare a thread since it's on-topic: What are the options for nonEEA person to have exposure to CHF? Current / savings / investment account EMI / retail bank whatever just without huge deposit in front?
Well only in case there is no option in Switz itself. IIdeally I don't want a bank in another jurisdiction showing me a false "CHF" unit next to the amount when it's not a deposit but a "payments receivable" from a swiss bank (or even worse a few more hops further from it). When shtf I'd like to have a real chf *deposit** exposure.
Many options from EMIs like Wise, Revolut, OFX, Amnis, etc. to brokers like IBKR to real banks like HSBC in Hong Kong and elsewhere, Barclays, CommBank, Evoca, etc. further to Swiss banks like Swissquote or Dukascopy.
But it really depends on what you are looking for. If you want to speculate, I would go with a broker that is focussed on speculation and then do USDCHF EURCHF etc. as you have much lower spreads than when you are actually converting. If you don't like the gambling and want to hold to the money, IBKR certainly has very low fees. If you want to use the bills, then better use HSBC etc. but expect some fees. Swissquote might be a cheaper alternative if you can deposit bills in Switzerland.
when shtf this wont save you at all.
Best you collect biden bucks bills or chf bills and store them somewhere safe if you're in the 3d world without the funds for getting a real banking there and for whatever reason must do it.
swiss franc is nothing special at all anyway, when time gets tough they get a friendly call from Uncle sam and fold like a cheap suit.
Can highly recommend HSBC Expat in Jersey.
You don’t need to meet minimum balance if your salary is high enough.
You don’t need to meet minimum balance if your salary is high enough.
Also another banks at British Crown Dependencies are worth attention in the context of this thread. E.g. Barclays International at the Isle of Man is a good one, IMO.
HSBC Expat in Jersey not works SEPA. You pay a lot of fees. When you receive money and send money it costs a lot. And money is deducted from the recipient.
Only Barclays International at the Isle of Man has no fees and SEPA works!
You have to have 100K GBP or 120K EUR on Barclays International it or you pay 45 EUR/GBP/month. Not an option for me, as you can invest 100K better elsewhere even with 3.5% interest.
Thanks for the recommendation
Does HSBC Expat Jersey or Barclays IOM provide access to buy stocks/money market funds?
45 EUR month really cheap
No stocks/money market funds possible for a 120K EUR account.
For 120K EUR you get 350 EUR a month income (Money market ETF elsewhere.). I prefer that rather than paying 45 EUR a month.
It has stock brokerage account, yes. With very low fees, you need to request it to your RM.
The fees for brokerage account in HSBC are 5$ max for any amount for US stocks.
The bank would have to select the OUR option and this actually costs between 20-50 EUR per transfer:
OUR: The transfer fees are paid before you initiate the transfer. This means that the transfer amount is expected to be paid in full to the recipient.
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