Do you have any experience with ABC Banking? I have read the review here..
- Thread starter buzzoffshore
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I have been banking with them for some time. Can only say good things about this bank. If you are looking for a good alternative and stable offshore bank this is ideally what you are looking for.
Does someone has a link to this bank please or is it just this ABC Banking Corporation - count on us ? please confirm 🙂
Hi I am new︎ to the forum, but I bank with abc and have found them to be quite️ difficult and fussy to deal with, they are constantly asking for updates to buisiness plans and contact details and then failing to use any changes and it seems they question every payment into the account,and most out if over a certain amount!! It seems like you exist for their convinence and its an imposition on them to provide efficient banking services.Having said that e ery thing does seem to get sorted out in the end but its a lot of effort to get the simplest thing done!
I can confirm Stephen's handling experience with ABC banking (Mauritius). Additional downside is the fact that they refuse payments from brokers or money transfer companies (you have to sign not to do this in the bank account opening formulars). Second they do not provide any term deposit or any other financial service for my account (in contrast to their website where they propagate a lot of services...), i.e the account is just a "box for the money". They propagate that incoming wires are free, which is theoretical correct, but in practice there is a correspondant bank in between which substracted 30€ from a 5k wire︀ transfer. Outgoing transfers are with a 50€ fee, but not sure if additional the correspondant︁ bank fee will apply. On the other side, there are no annual fees like other︂ offshore banks take. As I have no comparison with other offshore banks I don't know︃ if ABC banking is more top or down in the "ranking".
It works fine for deposit of money (without any other typical banking service). Any transactions if incoming or outgoing are too expensive. The wire from Europe bank to ABC banking account is quite fast, it took only 2 days. In general I have confidence in this bank but only I'm disappointed about wiring fees, the lack of banking services (term deposit, investing) and the prohibition of wiring to broker's or︀ money transfer companies.
I don't care about the fee that a bank charge I do more care about how fast they receive International bank transfers and how fast they are︀ send and received! The second thing I care about is how much privacy they provide︁ and how they are handling my support questions.
If you need something for investments and︂ to do some brokerage stuff you need to find another bank, that's good because it︃ keep away all the trouble from this bank.
Where do you bank?
If you need something for investments and︂ to do some brokerage stuff you need to find another bank, that's good because it︃ keep away all the trouble from this bank.
Where do you bank?
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