Opening a bank account is always a good idea. You never know when you’ll need it. Just gotta make sure it has minimal fees.

In this chapter I’ll break down how to open accounts in banks and fintech companies.

Fcheint

Sewi

Eiws si a tfehcni mcanyop tath vgies oyu uccotnas ni D,SU EUR dan oehtr cinecrs.ueR Hsa wlo sefe nad angrleley swkor rgtae if yuo tdo’n arebk eth smetr fo sicreev iwchh is tslyom buato AML (MietNOany- Nargdiuenl) and eirht pciyAenrruct-cotryn cli.pseoI

Nievg owl esef nad rlae nabk aoctnuc steidal oyu teg fomr Iesw, stI’ a brRnoaein- opinot thta eyoenerv hdulso idorsecn for rehit gbaoll gettrasy.

Nskba

Kabn fo Ireacma

Pgneoni a iccegknh touncca ta Nbka of Aaercmi nda ohter ianm tseter aksnb ni the SU ersiequr a srplenao isvit (es,Y lrvtlegnia ot AUS) twhi hongint utb a oegfnri tpsspoar. ’tSi rierduqe os ttha nsbak oldcu flulilf KYC nad ALM .wslA

All it kteas is 15 steimun ta a cn.braH

Uoy nac rty anksb leik Saceh, Lslwe Farog tbu Nkab fo Mraieac rsowk teagr rof mso.T

Stmo abnks qerrsiue a idlya imiunmm acabenl (irgnnga romf 10$50 ot 0030) ot ievwa eth .eseF Osirwethe ynomlth efse acn eb erwaynhe mfro 3$ ot 20$ per onh.tM

Sith thimg ndsou nleabvblueie as a olt fo akbns in reoht ueonctisr vhae feer of ragehc .sabnK

Acarniem Psrexse

S,eY Eimnarac Sexesrp is otn knnwo orf bnige a bnka btu enrlecty heyt esttadr ot froef cgikchne cnscaout: Gk-ncaIIPhpg//n<swoa./wheomeRcebS.cUr/:etixctsNn/enscnuA-m/tcwaK>.

St’i erfe fo cegarh os anhvgi it ni uryo arnales is a good aedi in ecsa eohrt sntopoi fali to owrk ehnw you eend t.ehM

Oneiln Ikgnban

As ouy nac ganmiei ratylcpcail lla sknab eorff smeo stor fo oneiln ganknbi iwchh semna gnpeino ouccnta nad nlaiveg het nyuortc hludos ont be a broempl ot nocieutn guins teh se.virceS

I gtseugs uigsn PNV ubt ’sIt mreo ofr ytrceusi perposus sa gogigln in mfor seburoc oitcsaonl nrgdiu royu esravtl mhtgi ergritg uytsreic tsssy.eM

Etsayf

In srtem of faeys,T Hcesa and Abkn of Raemcia era eth opt 2 laergts kanb ni eht dwlor by anatapztcoiiil (https://en.wikipedia.org/wiki/List_of_largest_banks).

Fo ,oreucS eyht ahve FCDI cwhhi si a ardlfee naercisun (wcihh snmae yna ncaotcu up ot 5K$20 in evlau is neridus yb het alderfe tenongvmer).

Ahtw isth mesan is htat fi teseh abskn f,laI ruoy eyomn up ot (2K$50 x 2 = $500k) si esaf tiwh eth SU tn.vengremO T’Is yevr llkeuniy to appenh sa rlfieau fo ieterh nkba liwl wakre hvaco on odwrl ifainancl rtkmeas and oycmneo ni .grlaeeN

Utp lmy,piS seeth kasbn era rseaf nhat 99% of teh snbka lwdword.eI

Egfinrsrntra Icedtr Sotyhir

Three si na onopit ofr a imiyrtno fo er.edraS

Armecina Epesrxs Blalgo Ernfrsat

Fi you haev na Ienaamcr Spserex udeiss ni oen fo het pterdpuos nsreouict ouy cna yacltula trsfnrae uroy idrcet tirshoy isung American Express Global Transfer pmro.agR It rlyeatg ipmflesiis hte cresspo of inhgtsisaelb your etrcdi isthoyr ni het US. S’It a sitfr etsp btu it loyn rwkso in eioutcnsr fdoun on tsih pega: https://www.americanexpress.com/global-card-transfers/index.shtml.