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Ask HN: Online banks where I can open account worldwide?

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Re: Ask HN: Online banks where I can open account worldwide?

#111

Post by hndamien »

no1youknowz wrote: post #68
robin_reala wrote: post #54

Earlier quoted context omitted.

I’ve been a bit wary of Revolut after it turned out they were making potential job applicants engage in an MLM to secure an interview: https://twitter.com/mellino/status/1054473108936122368?s=12

That thread is funny, their twitter account which is probably run by a Z level employee tried to stick up for the company and was completely blasted by commentators and didn't respond back. Credibility. Gone.

They also had very dodgy BTC practices from memory but I can't remember specifics.

Re: Ask HN: Online banks where I can open account worldwide?

#112

Post by exidy »

e1g wrote: post #95
lubujackson wrote: post #90

Earlier quoted context omitted.

This is somewhat tangential, but does anyone have a good way to accept money in different currencies with minimal fees? Specifically I'm making money from different international Amazon sites and they all either send a paper check or I need a bank account in the country of origin which is not often possible. I've looked into Payoneer, but they are taking a cut too and only really support a couple currencies. Any good…

I use TransferWise Borderless to collect payments in USD/EUR/AUD/SGD. They give you routing details for a local bank account created in your name. You can hold cash in the original currency, centralized it to one currency, or send it all back home. I have moved significant sums over the last two years without a single issue. Recommended.

You got my hopes up, but the TW borderless bank doesn't give you local SG bank account details (yet?). SGD is a supported currency of course.

Re: Ask HN: Online banks where I can open account worldwide?

#113

Post by zhte415 »

larrysalibra wrote: post #71

Try 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…

From their website it seems they don't allow bank transfers out, so money in is, well, in. Getting it out means a 2% fee. FX at 1.5% is also high.

Re: Ask HN: Online banks where I can open account worldwide?

#114

Post by iristenteije »

theodor_shi wrote: post #73
larrysalibra wrote: post #71

Try 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…

thank you! it looks exactly what i looked for

You can make bank transfers out (HK / international) with a business account. For personal accounts you can spend with the card at the moment, but bank transfers are coming soon.

Re: Ask HN: Online banks where I can open account worldwide?

#115

Post by shanehoban »

ValentineC wrote: post #91
akvadrako wrote: post #70

Earlier 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.

Doesn't N26 hold a German (and very recently, UK) banking licence?

Yes I believe this to be correct.

"N26 has had a full European banking licence since 2016 – and any funds you have with it are covered by the German Bank guarantee (up to €100,000)." [1]

[1] http://www.moneyguideireland.com/n26-compared-revolut.html

Re: Ask HN: Online banks where I can open account worldwide?

#116

Post by chmielewski »

pushtheenvelope wrote: post #64
hocuspocus wrote: post #53

Good options have been mentioned this thread. With EU-based neo-banks, I believe that because of the KYC guidelines, you'll always need a somewhat permanent address in Europe (like friends/family) that can forward you the card, when you open your account. However if you just need a replacement card, many can send it internationally, at least for a fee.

I'm curious if the Estonian e-residency can help workaround the need for an European permanent address? (wrote this prior to trying to google around for the info)

It cannot.

Re: Ask HN: Online banks where I can open account worldwide?

#117

Post by Youden »

IWantIn wrote: post #106
Youden wrote: post #104

Earlier quoted context omitted.

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?

Depends on your definition of "worldwide". I think IB is pretty unique in that it offers accounts worldwide access to markets worldwide.

If you only want access to worldwide markets, you can probably do it with a local brokerage.

If you only want a worldwide account, the brokers in the market you want access to will often give you an account.

Re: Ask HN: Online banks where I can open account worldwide?

#118

Post by ivan1783 »

huxflux wrote: post #5
xchaotic wrote: post #4

Earlier quoted context omitted.

I use them too, but note that they are not a bank, so your money is not protected, also consider Revolut

How is your experience with them so far?

I've been using them for a while now. I have had no issues and everything works as they say it does. I use it to transfer money between bank accounts in various countries as well as their debit card for travel.

Re: Ask HN: Online banks where I can open account worldwide?

#119

Post by tim333 »

IWantIn wrote: post #107
tim333 wrote: post #101

Earlier quoted context omitted.

For larger investors Interactive Brokers is good.

What if you want to buy and hold as a long term investment?

It ok though if >We do not charge any account maintenance fee for any account that meets the following criteria: Greater than 100,000 USD in average equity for a calendar month or 10 USD in commissions generated in a calendar month.

Re: Ask HN: Online banks where I can open account worldwide?

#120

Post by fgonzag »

nodesocket wrote: post #102
toomuchtodo wrote: post #75

Earlier quoted context omitted.

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.

Capital one didn't eat those charges, the merchants did. They are the ones that get fucked
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