Multicurrency account and low minimum balance?

[mnschwarz]

Hi guys,

My BVI holding company currently uses OCBC in Singapore. I'm pretty happy with them overall however they don't offer multicurrency accounts, only multiple currency accounts. With a minimum balance of $30,000 for each currency account, I find myself having too much un-invested cash. Can anyone recommend something better?

On the same note, I also need a bank account for my Panamanian company. It has very little activity or funds held in the company so a low minimum balance is essential. Thanks!

 

[negon]

Can't you invest in stocks, currency or other property using this money?

 

[mnschwarz]

auric said:
Can't you invest in stocks, currency or other property using this money?
Click to expand...

It's a checking account that requires a minimum balance. I'm not sure if I can attach a brokerage account or similar to these funds but I do all my investing separate from this bank at the moment.

 

[JohnLocke]

Can'y ouy just use a servicel ike Euro Pacific Bank that has some brokerage account for their banking clients or Open a Brokerage Account - E*TRADE Financial not sure if they accept other than US citizens.

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[negon]

Bank of Cyprus has a trading platform too as I can see 😉

 

[nailparasite]

mnschwarz said:
On the same note, I also need a bank account for my Panamanian company. It has very little activity or funds held in the company so a low minimum balance is essential. Thanks!
Click to expand...

I want to know this same thing please but for Dominica company?!

 

[BelizeFinancial]

It may not be a problem to find any Trading platform for stocks, currencies and similar to where you can transfer Money from your offshore corporate account to. The winnings can most often be paid back to the offshore account! You may want to find some of the more "shady" brogerage firms to do that.

 

[happyjohn]

You can get that almost in any ofthe major offshore banks. To deposit 30k and don't reinvest them is just stupid.