How to justify income of a llc us to open a bank account in SG or CH

[daniels27]

Xshore said:
Free intl wires sounds tempting. Maybe I should add HSBC US also. But weren't they supposed to shut down in the US? Or was it sold?
How easy is it to open in the US? UK was very simple.
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Yes, they sold all which is less than HSBC Premier. You can still open HSBC Premier. It is quite easily and takes about 30 minutes if you are Premier elsewhere.

 

[Mimimel]

daniels27 said:
From my experience, in most cases a payslip from the US LLC will do it.

HSBC US has free international wires, I personally would use that one. You can also use Capital one or Bank of America to get your US money, they normally do not cause much questions and you can then shift it over to HSBC US or directly send it as international wire to your own account elsewhere.
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You have already try to use payslip ? Or you think it can work ? The only way to use payslip is to "not say" that you are the owner of the company. If you tell them, they will probaly ask an income statement and balance sheet.

Xshore said:
Free intl wires sounds tempting. Maybe I should add HSBC US also. But weren't they supposed to shut down in the US? Or was it sold?
How easy is it to open in the US? UK was very simple.

But for OP, it appears he already has US accounts and wanted other country account, so I assume HSBC US is not of interest to him.
I personally like US banking, maybe OP has other specific reasons to have accounts elsewhere.
Click to expand...

Xshore said:
Free intl wires sounds tempting. Maybe I should add HSBC US also. But weren't they supposed to shut down in the US? Or was it sold?
How easy is it to open in the US? UK was very simple.

But for OP, it appears he already has US accounts and wanted other country account, so I assume HSBC US is not of interest to him.
I personally like US banking, maybe OP has other specific reasons to have accounts elsewhere.
Click to expand...

Yes correct i have many US bank account as non resident but i want to move the money to SG because the interest rate are a trash in the the US.

Last edited: Jun 10, 2024

 

[Xshore]

Mimimel said:
Yes correct i have many US bank account as non resident but i want to move the money to SG because the interest rate are a trash in the the US.
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Did you consider a US brokerage account and buy bonds?
What interest rates can you get in SG?

 

[Mimimel]

Xshore said:
Did you consider a US brokerage account and buy bonds?
What interest rates can you get in SG?
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Yes already done on IBKR, they give 4.83% on USD without buying anything. Interest Rates | Interactive Brokers LLC

But i want more diversification. SG give me about 3.5% on USD and 5-6% in promotion term deposit so probably not permanent.