Foreign bank Account

[1]

Is it possible for an American to set up and fund a foreign bank account?

[englishmike]

Yes.

[Tsoprano]

Solid handle

[1]

Can you elaborate on how this can be achieved?

[Tsoprano]

Can you elaborate on how this can be achieved?

google.com

[englishmike]

Go to the foreign country, tell them you'll be coming and going, show your passport and open the account.

It's not rocket science.

[durito]

Go to the foreign country, tell them you'll be coming and going, show your passport and open the account.

It's not rocket science.

It's hardly that easy in most places these days.

[1]

Engmk- Thank you.

[englishmike]

It's pretty easy, many foreign nationals go abroad, to study, vacation, work etc, it's not uncommon for a foreign national to open an account. The only thing you'll find is you can't do it on the net.

If you're thinking of doing it for gambling purposes, remember you can only draw out the limit of your ATM card per-day.

[1]

Durito - Is that opinion or fact? I don't need a big debate just some facts. This is legit and I really just need some direction.

[durito]

I live abroad and in latin america, it's a pain in the ass.

[durito]

What is the purpose of said account?

If you are looking to fund gambling sites you will most times need an ID from your country with the bank which will require residency and a ****, etc.

[englishmike]

Durito, i'm not sure where you've tried but I've opened many US accounts with a British passport and know foreign people that have done it in the UK, it's easy, so I'm not sure what countries you refer but I've done it, it's VERY easy.

[pico]

hard to open now if you have us passport. almost all countries will report your account to the IRS.

[englishmike]

What is the purpose of said account?

If you are looking to fund gambling sites you will most times need an ID from your country with the bank which will require residency and a ****, etc.

Incorrect to a point. If he opened an account with a UK address all he needs to know is that address, nobody in the UK sends i.d. to uk books, but you're right, he'd be stuck if he needed it.

[durito]

Durito, i'm not sure where you've tried but I've opened many US accounts with a British passport and know foreign people that have done it in the UK, it's easy, so I'm not sure what countries you refer but I've done it, it's VERY easy.

we've had this discussion before.

in the usa they will open to illegal immigrants without id (used to anyway). i uk is i'm sure the same. in much of the rest of the world it's another story.

go into mexico sometime and give it try.

[durito]

Incorrect to a point. If he opened an account with a UK address all he needs to know is that address, nobody in the UK sends i.d. to uk books, but you're right, he'd be stuck if he needed it.

that may be, but like you said he's defrauding them and they may catch him. those books all certainly require a shitload of id docs from me. and they still take weeks to approve them.

what does he do about an address? i assume you have to use a UK address on your bank statements for gambling sites

[durito]

hard to open now if you have us passport. almost all countries will report your account to the IRS.

citibank colombia (which is not connected to citibank in the usa) wants a copy of my us social security card to open a savings account.

[englishmike]

we've had this discussion before.

in the usa they will open to illegal immigrants without id (used to anyway). i uk is i'm sure the same. in much of the rest of the world it's another story.

go into mexico sometime and give it try.

You're right, we have and I am only refering to the UK and US because that's my experince, so as regards other countries I wouldn't know but his question was 'can it be done,' the answer is yes.

What I do know is, if he had a friend who lived in London and he visited and his friend agreed to let him use his address he could open a bank account and betting account from the same address and place the bets here and any winnings would be paid back to that UK account which could be withdrawn here with an ATM.

It's not complicated if you know someone there.

[1]

Durito -Thanks for the input. I think English understands what I am getting at. I dont care really where it is. I would feel more comfortable in the UK anyway. I am not getting on a plane in the AM. I am doing some preliminary research, sending out a question to anyone who may have some experiance with this. Input good and bad is welcome.

[englishmike]

A UK book goes on one thing, address. If you've opened a bank account from a friends address and thats the address the card is registered to, thats it, the end. You fund the book with that card by transfering through xoom.com or something similar and withdraw by ATM.

For the record, I'm a UK citizen and I'm not reccomending anything that might be deemed illegal wherever it is you live.

[1]

Thanks English

[englishmike]

Thanks English

make sure you read the bit I edited in the last post.

[pico]

citibank colombia (which is not connected to citibank in the usa) wants a copy of my us social security card to open a savings account.

US passports is pretty much useless now. swiss banks will no longer open bank accounts for us residences. many other countries will ask for your ssn when you open bank accounts. and the IRS will know all the foreign bank accounts you opened with your us passport.

durito, if you trust your gf/wife. i suggest you open account with her passport. or get another passport.

btw, all citibanks will report your account interest to the IRS. if you do USD bankwires, all bank wires are routed through citibank branch in NYC.

[1]

Pico _ Thanks for the input.

[1]

Pico - 你生活在中国？

[pico]

hong kong

[1]

hong kong

So a Chinese account is not workable?

[pico]

if you have us passport, there is nothing you can do.

get another passport, then you can pretty much do anything.

[1]

非常感谢。

[pico]

最好不要赌博，很难赢钱的。有时间去泡妞吧。

[1]

我是否有时间？我不明白

[durito]

有？否i お金

[pico]

ok, obviously you guys are just using online translating tools.

[durito]

actually i just cut and paste random symbols from your posts