How to open an account with a bank abroad?

Still some ten years ago, Russians could open an account abroad only with the permission of the Central Bank of Russia, or living in another country. Times have changed, now an individual can freely choose any bank in countries recognized by the Central Bank of the Russian Federation as trustworthy.

Before opening an account with a foreign bank, you need to find out all about its capabilities. First, there is an excellent chance to entrust its funds to one of the most reliable global banks, and not just to Russian financial institutions. Secondly, savings will be protected from the devaluation of the national currency. It should be noted that interest on accounts in comparison with Russian banks abroad is much lower. The RF Tax Service will not be able to freely control deposits, but upon request, foreign banks are nevertheless obliged to provide all the necessary data.

Before opening an account with a bank, you need to understand that it can only be used for expenses or savings. For example, American banks are more profitable for spending. The procedure for opening an account can last up to three months, all this time the organization will go to verify the identity of the client.

There are only two ways to open a bank account. The first is the personal presence of the client with a full package of documents in the bank's office. The second way is to transfer all the powers to open an account to the intermediary firm. In this case, the client must only provide samples of his signature, it is not necessary to attend personally.

There is also a third way to open a bank account - on the Internet. But it is acceptable only for those who live in that country. For non-residents, this option is completely inappropriate. Today, many foreign banks are cautious about accepting foreign clients, there are even those who have blacklisted Russia, accordingly, Russian citizens in such financial institutions can not open an account.

Before opening an account with an American bank, in most cases it is necessary to have an SSN, an identity card. Also, you will have to fill out a special questionnaire, answering the standard questions about whether there is real estate, open accounts in other banks, what is the family composition, place of work, etc. Also may be asked to provide a receipt on which the address of the client's residence was indicated.

Many foreign financial institutions put any restrictions, which you can find out before opening an account with a bank. For example, in order not to pay monthly for the maintenance of the account, it is necessary to keep a certain amount of money on the balance sheet or belong to a particular social group.

Some businessmen are interested in the question of how to open an account with a bank, with the aim of hiding revenues from the tax service of the Russian Federation. This can be immediately forgotten, as many institutions have begun an intensified fight against money laundering. They look with suspicion at customers who often receive large sums from the CIS countries. A person or have to explain where he got such income, or the bank simply adds it to the blacklist and crosses out of a number of its customers.

It is not difficult to open an account with a foreign bank, you only need to undergo a certain registration procedure. It will be easier for those who have small amounts of money, since some problems may arise with a highly profitable business.