Any similar services that let you buy stocks worldwide?
For larger investors Interactive Brokers is good.
Ask HN: Online banks where I can open account worldwide?
101–110 of 121 posts
Re: Ask HN: Online banks where I can open account worldwide?
#102Earlier quoted context omitted.
Whilst I recommend Revolut, be wary of the support. My card was stolen and I noticed that there had been several transactions on it, meaning somebody had been using it. Fortunately I have the push notifications turned on so I was alerted almost instantly. When I got in touch with Revolut support, they needed a paper copy of the police report, along with several other documents from places such as ActionFraud (an orga…
Wow, I can’t even comprehend that much hassle to report a card stolen. American Express will deactivate my card and overnight me a new one in 5 minutes on the phone with customer service.
That's why you "pay" a premium for big US credit cards and banks. Trust, and when shit hits the fan, they will/should be there.
Somebody stole my Capital One card awhile back and racked up over $2,000 in charges. Capital One, instantly deactivated the card, sent me a new one, and reversed all the charges.
Re: Ask HN: Online banks where I can open account worldwide?
#103I'm using it and it's great: https://n26.com
I did not put the name in the description of my question. But I used them as well. When I came to Germany they opened me the account without the German apartments registration. I confirmed my identity with the web camera and my passport and they sent me the card by post to my hotel. Easy. But I think they can do it only within EU. If I travel with their card to another country and will lose it, they will not send it…
Not sure with n26 but when I lost my Monzo they sent a new one to Thailand without problems, fast too.
Re: Ask HN: Online banks where I can open account worldwide?
#104Try Neat ( https://www.neat.hk/ ) - they offer both personal and business accounts to people and businesses worldwide and are based in Hong Kong. Businesses get a virtual account number at Standard Chartered. Funds for personal accounts are held at Bank of China Hong Kong. Both types of accounts get debit cards that ship globally. I've signed up for a business account and been approved all online. I think they exclud…
Any similar services that let you buy stocks worldwide?
I wouldn't call Interactive Brokers a "similar service" but it's one of the few brokers that offers accounts pretty much worldwide [0] and also one of the few that offers access to pretty much any market [1].
That said, they either cost $10/month (commission or inactivity fee) unless you have a $100k balance with them.
Re: Ask HN: Online banks where I can open account worldwide?
#105I have Charles Schwab, use it for all my banking and it's fantastic. No fees to take out money from any ATM in the world. Don't even know why I'd want something else, but now that I see people talking about Revolut, N26 and TransferWise I guess I should at least investigate whether they have anything to offer.
Schwab are great if you only want to keep USD. They're terrible otherwise, including the fact that they charge 1% currency conversion if you send them a non-USD wire. And they're not a bank, meaning your cash isn't insured. (Unless you reside in the USA, in which case you can get a proper bank account with FDIC insurance).
Ah -- makes sense, thanks, I do live in the US, and generally what I need/want the account for is just to be able to take out my USD in other currencies, not particularly to deposit other ones.
Re: Ask HN: Online banks where I can open account worldwide?
#106Earlier quoted context omitted.
Any similar services that let you buy stocks worldwide?
I wouldn't call Interactive Brokers a "similar service" but it's one of the few brokers that offers accounts pretty much worldwide [0] and also one of the few that offers access to pretty much any market [1]. That said, they either cost $10/month (commission or inactivity fee) unless you have a $100k balance with them. [0]: https://www.interactivebrokers.com/en/index.php?f=7021 [1]: https://www.interactivebrokers.com…
What if you want to buy and hold as a long term investment?
Re: Ask HN: Online banks where I can open account worldwide?
#107Re: Ask HN: Online banks where I can open account worldwide?
#108Earlier quoted context omitted.
Whilst I recommend Revolut, be wary of the support. My card was stolen and I noticed that there had been several transactions on it, meaning somebody had been using it. Fortunately I have the push notifications turned on so I was alerted almost instantly. When I got in touch with Revolut support, they needed a paper copy of the police report, along with several other documents from places such as ActionFraud (an orga…
Wow, I can’t even comprehend that much hassle to report a card stolen. American Express will deactivate my card and overnight me a new one in 5 minutes on the phone with customer service.
Someone got a hold of my card number with Chase. I saw several thousands worth of charges. 5 minutes with Chase support got my card deactivated, account placed into fraud moderation and all the charges reversed within a few days (the process starting immediately). I was genuinely surprised at how well Chase handles fraud.
Re: Ask HN: Online banks where I can open account worldwide?
#109Have you looked at classic investment banks like Schwab or TDAmeritrade? You can use them solely as checking accounts and they have had pretty good customer service when I've traveled abroad and may be able to send cards internationally.
Schwab is great especially if you're a US citizen working remote abroad.
Re: Ask HN: Online banks where I can open account worldwide?
#110Earlier quoted context omitted.
I, solely a US person, have accounts with N26, Revolut and Transferwise. None are officially banks. I recommend Transferwise because they support ACH transfers and US$ balances.
How are these more useful/interesting/performant than paypal, which I already use ? Genuinely interested ...
If you need these, you know it. For example, if you keep balances in multiple currencies or want to transfer money between EU and US banks or have a low-fee multi-currency debit card. Paypal doesn't allow any of that.