What countries still have relatively good banking privacy?

[nobel]

Here you can open an account with LLB from 200€ without any fees: Invest money sustainably | Benefit with wiLLBe

 

[cionide]

Here you can open an account with LLB from 200€ without any fees: Invest money sustainably | Benefit with wiLLBe

"At present, you must be resident in Switzerland, Liechtenstein, Austria or Germany to be able to invest responsibly with wiLLBe."

 

[cryptofriendly]

"At present, you must be resident in Switzerland, Liechtenstein, Austria or Germany to be able to invest responsibly with wiLLBe."

Just a resident? Nothing easier than that, rent a place for a month in one of these countries and register with the city.

No need to wait till you own millions to open an account

 

[cionide]

Just a resident? Nothing easier than that, rent a place for a month in one of these countries and register with the city.

No need to wait till you own millions to open an account

Or the alternate interpretation of the sentence - I can live elsewhere and invest irresponsibly

 

[cryptofriendly]

All it would take to get to your valuables is a €2 drill bit. Also LLB requires you have an account for it.

Not sure if they let you enter with the drill bit daytime though ;-)
Account is E200 deposit for residents of the semi-German speaking countries.
And that's really easy done, even on a tourist visa you can register with the city.

 

[scooterguy]

LI is not suitable for mid 6 figures.

Maybe spread things out across different countries outside of the EU. For example, the Barclays International account in the UK can be opened with a deposit of £100,000: International Bank Account | Barclays International Bank.

You can also open another account in the US, and maybe a couple others in SEA countries.

The rest in gold and crypto.

And leave a little bit to take your ex-wife shopping. It will make your life far less stressful.

 

[jafo]

LI is not suitable for mid 6 figures.

Why do you say this?
I'm trying to understand if you mean we need to open the account with more or less. It's not clear to me.

Maybe spread things out across different countries outside of the EU. For example, the Barclays International account in the UK can be opened with a deposit of £100,000: International Bank Account | Barclays International Bank.

Great point! I like the £250K option, but I don't care for a relationship manager. What do they do for us that we can't do ourselves?

You can also open another account in the US

Any recommendations? State and banks?

a couple others in SEA countries.

For example? Any recommendations? Country and banks?

Thank you!

 

[nobel]

Barclays IOM: £100K/€118K or £250K/€296K there without interest makes no sense. You're giving away a lot of money. There's basically 3.6% interest elsewhere.

 

[jafo]

There's basically 3.6% interest elsewhere.

For example, where?

 

[nobel]

For example, where?

Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C: LU0290358497 (Accumulating)
Xtrackers II EUR Overnight Rate Swap UCITS ETF 1D: LU0335044896 (Distributing)

I have the first one.

 

[Forester]

LI is not suitable for mid 6 figures.

Maybe spread things out across different countries outside of the EU. For example, the Barclays International account in the UK can be opened with a deposit of £100,000: International Bank Account | Barclays International Bank.

You can also open another account in the US, and maybe a couple others in SEA countries.

The rest in gold and crypto.

And leave a little bit to take your ex-wife shopping. It will make your life far less stressful.

Why do you say this?
I'm trying to understand if you mean we need to open the account with more or less. It's not clear to me.

Great point! I like the £250K option, but I don't care for a relationship manager. What do they do for us that we can't do ourselves?


Any recommendations? State and banks?

For example? Any recommendations? Country and banks?

Thank you!

For example, where?

Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C: LU0290358497 (Accumulating)
Xtrackers II EUR Overnight Rate Swap UCITS ETF 1D: LU0335044896 (Distributing)

I have the first one.

@scooterguy but mainly @jafo & @nobel: The original question was about countries that still have relatively good banking privacy. So not much about economic aspects and definitely not about 0% or 3,5% interest. Feel free to open a new thread for this (it is an interesting topic; I can move your posts there afterwards) but do not hijack this one. Thanks!

 

[jafo]

@scooterguy but mainly @jafo & @nobel: The original question was about countries that still have relatively good banking privacy. So not much about economic aspects and definitely not about 0% or 3,5% interest. Feel free to open a new thread for this (it is an interesting topic; I can move your posts there afterwards) but do not hijack this one. Thanks!

Sorry for my schizophrenia - I saw an opportunity to gain some market esoteric knowledge, and I took the shot!

PS. To be perfectly honest, I didn't even remember the original question until you mentioned it, and I scrolled back up to look.
I can't even recall what I had for breakfast yesterday! I'll pay closer attention next time. I apologize for my oversight!

 

[JohnLocke]

Here you can open an account with LLB from 200€ without any fees: Invest money sustainably | Benefit with wiLLBe

"At present, you must be resident in Switzerland, Liechtenstein, Austria or Germany to be able to invest responsibly with wiLLBe."

That limits the option a lot for many people.

 

[jafo]

That limits the option a lot for many people.

NGL, this helped me out a LOT! I didn't know this. I opened an account already, and it went super smoothly!

 

[nobel]

NGL, this helped me out a LOT! I didn't know this. I opened an account already, and it went super smoothly!

What is NGL? Where did you open an account?

 

[JackAlabama]

NGL, this helped me out a LOT! I didn't know this. I opened an account already, and it went super smoothly!

did they bug you for some extended kyc madness regarding source of funds etc?

 

[Forester]

Just a resident? Nothing easier than that, rent a place for a month in one of these countries and register with the city.

No need to wait till you own millions to open an account

What is NGL? Where did you open an account?

did they bug you for some extended kyc madness regarding source of funds etc?

NGL usually serves as an acronym for Not Gonna Lie

So I guess @jafo has just opened an account with wiLLBe (he possesses a suitable residency, AFAIK) Correct, @jafo?

 

[jafo]

What is NGL? Where did you open an account?

Not Gonna Lie

did they bug you for some extended kyc madness regarding source of funds etc?

Not yet! But if they do, I'll just ignore them

NGL usually serves as an acronym for Not Gonna Lie

So I guess @jafo has just opened an account with wiLLBe (he possesses a suitable residency, AFAIK) Correct, @jafo?

Correct!

 

[JackAlabama]

Not Gonna Lie

Not yet! But if they do, I'll just ignore them

Correct!

great.

 

[Marshal]

That limits the option a lot for many people.

True. They are probably following Switzerland in this regard. Some Swiss banks also easily open accounts for residents of neighbouring countries.