Anyone here have off-shore accts? If so, where. Thanks.

[58Sunliner]

[Pachamama]

1. Do you mean foreign?

[58Sunliner]

2. Yes.

[Pachamama]

3. Canada, Germany and Switzerland

Not “Offshore” nor ever described that way - even tax returns ask about Foreign accounts

[58Sunliner]

4. Thanks? Most people understand what I mean by off-shore accts.

Yes, you have to report assets held in foreign accts. The difference is some banks make it very difficult for the US to seize your assets.

[Wuddles440]

5. Do you have any information on those banks?

I was considering Canada but any 'stable' country may be a possibility.

[Pachamama]

7. RBC, Credit Suisse and Deutsche Bank and N26

All reputable banks

[Wuddles440]

8. Thanks! Prior to this insanity...

I would have never even remotely considered Deutsche Bank and possibly Credit Suisse, but now any past transgressions need to be set aside for practicality.

[Pachamama]

10. lol - I should have qualified what "reputable" means

I meant in terms of having a deposit safe and stability

[58Sunliner]

9. No, that is why I am asking.

[in2herbs]

11. Gee, if we'd ever gotten to see a copy of 45/47s income tax return we could see where he's parking

his money off shore and follow his lead.

Think about it: the FDIC only insures up to $250,000 in your account. There's not enough separate banks so the oligarchs have to be parking the bulk of their assets off shore. Is their money in these accounts what is propping up bad actors in foreign countries?

Edit: typo 45, not 46

[Pachamama]

6. Offshore accounts refers in general to foreign accounts in which you don't reside in the foreign nation

I have residences in these countries where I have bank accounts

That is why I asked you to clarify your question

[leighbythesea2]

12. I was told many many years ago

To open a Swiss bank acct.
But the person did not say I needed citizenship.
He said fly there & do it. (Long before internet banking was available).
Can US citizens do it?

[Deep State Witch]

13. How Does One Go About Getting a Foreign Account?

The fact that they want to get rid of the FDIC has got me totally freaked out. My mom worked in banking. I remember her telling me what that acronym meant, and why it was so important.