How to open an account with a bank abroad?

Still some ten years ago Russians couldopen 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,it is necessary 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 only to Russian financial institutions. Secondly, savings will be protected from the devaluation of the national currency. It should be taken into account that interest rates on accounts in comparison with Russian banks abroad are 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 a bank account, you need tounderstand 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 an account inbank. 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 an accountin the bank - 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 with cautiousness accept foreign clients, there are even those who have brought Russia to the black list, accordingly, Russian citizens in such financial institutions do not have the opportunity to open an account.

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

Many foreign financial institutions areAny restrictions, which you can not find out before opening an account with the 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 ofhow to open an account with a bank, in order to conceal income 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 black list and strikes out a number of its customers.

Open an account in a foreign bank is easy, you needonly 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 high-yielding business.