Will the offshore bank ask questions once the account is opened?

[alain]

I'm holding a few offshore accounts at the time posted and also in the process of opening a few more.


I wonder if the account is opened if the bank ever will get back and ask questions like proof of income, invoices and such things?


Is there a offshore bank who won't ask all these questions at all?

 

[JohnLocke]

It depends on the cash flow of the account. Most banks worldwide will ask questions on a regular basis now a days. But if you don't have anything to hide it should not be a problem. Otherwise, just make sure you have your paperwork.

Toggle signature

>> Unlock the Power of OffshoreCorpTalk: Become a Member of the Mentor Group Gold <<​

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[alain]

Means, if I say I will receive 500000 USD and actually get 800+ they will ask questions and request additional docs?

 

[JohnLocke]

Means' date=' if I say I will receive 500000 USD and actually get 800+ they will ask questions and request additional docs?[/quote']
Yes that's for instant one of the reasons for why they may ask questions.
Click to expand...

Toggle signature

>> Unlock the Power of OffshoreCorpTalk: Become a Member of the Mentor Group Gold <<​

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[alain]

okay got it Admin, thank you. What's better, to say a huge amount or a low amount?

 

[JohnLocke]

The higher the amount the less the questions when they hit the account...

Toggle signature

>> Unlock the Power of OffshoreCorpTalk: Become a Member of the Mentor Group Gold <<​

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[buzzoffshore]

What does that mean? For instant if I expect to receive 10000 USD then I say 20000 USD to the bank to be sure I never hit the limit?

 

[JohnLocke]

What does that mean? For instant if I expect to receive 10000 USD then I say 20000 USD to the bank to be sure I never hit the limit?
Click to expand...

Yes, actually it is how you should do.

Toggle signature

>> Unlock the Power of OffshoreCorpTalk: Become a Member of the Mentor Group Gold <<​

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[alain]

Thanks again for all the help and great information.

 

[alain]

What does that mean? For instant if I expect to receive 10000 USD then I say 20000 USD to the bank to be sure I never hit the limit?
Click to expand...

With Piraeus Bank and BoC in Cyprus you have a limit in the amount of EUR 500,000 that's sufficient for most I think! Otherwise Yes, that's how you do the application.

 

[buzzoffshore]

Yes you're right Alain, I'm fine with my account at Piraeus and their 500k limit, don't withdraw more than this amount in a month 😉