Banking for the Permanent Traveler (Retired)

[chriss]

Maybe someone can help me with this one:


I am newly retired and currently live on a boat in the Caribbean. (No I'm not rich but have about $300,000 in savings... no pension.)


Priority One: Safety and Security. At this stage in my life I have stopped gambling in stocks and short term investments.


I would like to place my money in a major financial institution operating in a stable, first world country that adheres to bank secrecy laws... no banana republics.


I want a bond fund that pays a monthly dividend into an account which I can access by an ATM Card anywhere in North and Central America including the Caribbean. I don't want to pay fees. Where I am presently located I can only remove $100 at a time at a cost of 6%... unacceptable.


Due to my lifestyle I have a current passport but no permanent address nor a telephone number. Everything must be done on line including opening the account.


Anyone have any ideas for me? I would very much appreciate any assistance given toward helping me set up my finances for this coming stage of my life.

 

[JohnLocke]

You may approach HSBC bank they have an offshore / expat division as well, The benefits of offshore banking with HSBC Expat: HSBC Expat - your current bank may help you with the reference etc. in order to get the account opened.

 

[chriss]

Thanks for this. I actually have an HSBC savings/checking account so this may be easier than I thought. Time to do a little research. All best... Chriss

 

[nastathin]

Some expat's collect all there money in a Holding company in some of the known tax haven's it works fine, you may look into Mauritius and Panama as well.

 

[chriss]

I have contacted HSBC in Jersey but due to some restriction regarding my country of residency, they cannot open an account for me. Would appreciate anyother suggestions.


Thanks once again...