I'm new in the offshoring and I want open an account (Cyprus / AstroBank) but I don't know if their fees are expensive can you told me what you think about
LOL "support fee", "Total deposits exceeds monthly limit".. gotta give it to them, very creative stuff .. just missing "receiving email" fee and "woke up in the morning and thought about your account" fee
Expensive depends on what your options are. Banking in Cyprus isn't priced competitively compared to most of the rest of EU/Europe, but cheaper than if you have to resort to small, offshore banks.
40 euros to load a card and a out going wire fee of 60 euros + 1.5%? They are having a laugh not to mention incoming wire fee. Those fees tells you all you need to know about their customer base who are wiling to pay those fees ca#"!. No non Russian client..cough cough 😉 will pay those BS fees for a banking service.
That fee list is not from ASTRO BANK CYPRUS it is from INTERNATIONAL MONETARY GROUP registered in New Zealand that to me looks like a SCAM.: International Monetary Group - Schedule of Fees and Services
If you look at their Terms and Conditions: International Monetary Group LP is subject to normal New Zealand commercial laws and is not regulated or supervised by the Reserve Bank, Financial Markets Authority, or any other New Zealand regulatory authority. By registering for an account, you agree to the following Terms and Conditions. NOT REGULATED OR SUPERVISED????
There are actually a number of "offshore banks" in New Zealand. As long as they do not offer their services to New Zealand customers they are "allowed" to operate. It is also correct that they are not regulated and most of them are more or less pure scams. I have seen some of them issuing different unusable bank︀ instruments.