Do You Need To Be In Canada To Open Up A Bank Account?

big joe 1212 · 07-25-10, 11:08 AM

good question

sundin4prez · 07-25-10, 11:10 AM

i would think so.... every time i open up an account (im in canada by the way) you HAVE to go into the actual bank to sign papers, let them go over everything, verify your indentidy etc... this is including online banks too....

coloradobuff · 07-25-10, 11:36 AM

yep

jjgold · 07-25-10, 11:43 AM

Ok thanks

Deuce · 07-25-10, 11:44 AM

Whats your angle here?

Brock Landers · 07-25-10, 11:45 AM

can you kite checks this way easier?

pavyracer · 07-25-10, 11:45 AM

Like a Canadian bank will give a loan to a deadbeat from Newark.

Deuce · 07-25-10, 11:47 AM

Originally posted by Brock Landers

can you kite checks this way easier?

Just go rob a bank. Your intentions point all to that direction.

mrmarket · 07-25-10, 01:18 PM

I would assume it's similar to a Canadian opening a US account. Go to a chain that has Canadian operations like RBC Centura or TD bank north. They should have the most branches available in NJ. HSBC should be able to do it as well alternatively. You could always try to find a CIBC, Scotia Bank, or BMO but they are usually located somewhere closer to the border or in a larger metropolitan area. Talk to someone semi competent and open it. Use something like XE.com to link the accounts to save a few pips on exchange if they waive service fees for multiple accounts.

sickler · 07-25-10, 01:21 PM

JJ, haven't you found a way yet to play at Pinnacle?

jjgold · 07-25-10, 01:25 PM

Sicklet call me

New I could count on mr market for an intelligent answer.

sickler · 07-25-10, 10:00 PM

Pick up the phone

JUST A MAN · 07-25-10, 10:03 PM

Just drove through Canada. Nice country.

betplom · 07-25-10, 10:09 PM

Originally posted by JUST A MAN

Just drove through Canada. Nice country.

You drove through the whole country?

That was an accomplishment.

sundin4prez · 07-25-10, 11:00 PM

Originally posted by JUST A MAN

Just drove through Canada. Nice country.

kinda reminds me of a guy in florida telling me that toronto's a nice place, he stopped for gas there..... and for some reason he assumed that i knew the gas station he went to cause you know, toronto only has 1 gas station

Kellen · 07-25-10, 11:02 PM

JJ, look into that redneck checking, Im with them now

jjgold · 07-25-10, 11:07 PM

With banking nothing is easy anymore with all these silly terrorist laws

Kellen · 07-25-10, 11:30 PM

JJ, you need to get on board with the banks like redneck checking, woodforest, etc. Im with all these banks, it takes no time to setup accounts and fund them.

jjgold · 07-26-10, 05:46 AM

Keller what are you talking about??

mathdotcom · 07-26-10, 09:40 AM

jjgold - might be a good idea for gambling purposes but Canadian banks are rape on fees, exchange rate conversions, etc.

Keep your expectations low

will2survive · 07-26-10, 09:45 AM

JJ: I think Kellen means a "no name" --not mainstream bank----I think----(the opposite of Chase)

jjgold · 07-26-10, 09:56 AM

I called a few this am you can do everything on line but to actually activate you have to appear in person with picture ID and passport.

Closest one is Toronto

Only ones you do not have to appear in person is offshore accounts but they require lots of paperwork.

chilidog · 07-26-10, 10:27 AM

Originally posted by Brock Landers

can you kite checks this way easier?

i would think it'd be way harder. i know that in costa rica, when you deposit foreign checks, they make you wait up to 3 weeks until the check clears and they get their hands on the money before they release it to you.

Brock Landers · 07-26-10, 10:41 AM

Originally posted by jjgold

Keller what are you talking about??

http://www.redneckbank.com/

Waterstpub87 · 07-26-10, 10:42 AM

Banking in Canada would require a lot more regulations for a US customer. You would most certainly have to file additional paperwork to open it. On top of that, if your worried about the IRS you would have to file any monies held in that bank account under the section on foreign bank accounts.

Brock Landers · 07-26-10, 10:47 AM

go with ingdirect JJ...I am looking into it today, they are fukking solid as shit

http://home.ingdirect.com/

chilidog · 07-26-10, 10:47 AM

Originally posted by Waterstpub87

Banking in Canada would require a lot more regulations for a US customer. You would most certainly have to file additional paperwork to open it. On top of that, if your worried about the IRS you would have to file any monies held in that bank account under the section on foreign bank accounts.

yah, same in costa rica as a foreigner. it's insanely easy to open a bank accounts in the states. but here, wow. all the additional paperwork you have to have, all because of that stupid "know your customer" crap that the states has.

Waterstpub87 · 07-26-10, 02:21 PM

In the US, UBS got in trouble last summer for letting Americans open accounts there that were Swiss accounts that they opened inside of the united states for the purpose of hiding assets.

jjgold · 07-26-10, 02:28 PM

They are much more options funding books with non usa bank accounts and if you set yourself up with a phony ID and a few other documents from that same Country your in business to play at 90% of books worldwide.

Waterstpub87 · 07-26-10, 03:57 PM

you would also need a foreign phone number. otherwise I think they would catch on

jjgold · 07-26-10, 03:59 PM

Originally posted by Waterstpub87

you would also need a foreign phone number. otherwise I think they would catch on

I can have a Canadian Number in 5 minutes

pavyracer · 07-26-10, 04:23 PM

Originally posted by jjgold

I can have a Canadian Number in 5 minutes

You can get a number in 5 minutes. But once you put money in it you will be nailed.

jjgold · 07-26-10, 04:27 PM

Paver I am bright, please do not judge me by my 5-4 frame

Ok?? I know what I am doing.

Waterstpub87 · 07-26-10, 09:22 PM

I just have to ask if its worth it just to play at books that dont take Americans. It seems like a lot of work for that.