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Worst offshore bank

Discussion in 'Offshore Bank Accounts' started by Montecristo, Nov 19, 2016.

  1. Montecristo

    Montecristo Investor Investor

    Maybe we should start something to provide detail and information about the worst offshore bank that you can name.
     
    JohnK, cutmetwo, I'mRobot and 5 others like this.
  2. happyjohn

    happyjohn Corporate Services Trusted Member Investor

    For me it was Baltikums bank.. no respnse to my questions only standard answers.
     
    JohnK and utibi like this.
  3. auric

    auric Offshore Agent Trusted Member Mentor Group Sponsor

    Well had some very bad experience with Hellenic Bank Cyprus bank when they still exists.
     
  4. icecold

    icecold Investor Investor

    OP what is your worst experience with an offshore bank? I have been lucky enough not to walk into a bad bank yet!
     
  5. Montecristo

    Montecristo Investor Investor

    In Singapore, a few banks recently asked a lot of their offshore corporate clients to close some of their accounts. At least 2 banks that I know, these are big international banks. Does anyone like to guess?
     
  6. auric

    auric Offshore Agent Trusted Member Mentor Group Sponsor

    cutmetwo likes this.
  7. Montecristo

    Montecristo Investor Investor

  8. auric

    auric Offshore Agent Trusted Member Mentor Group Sponsor

    shoot ;)
     
    maxmoney likes this.
  9. Montecristo

    Montecristo Investor Investor

    There are 2 international banks, the first starts with "H" and the second starts with "A".
     
  10. auric

    auric Offshore Agent Trusted Member Mentor Group Sponsor

    Pretty fun game here! What are you into?
     
  11. Montecristo

    Montecristo Investor Investor

    For me, I am a corporate consultant. Dealing with a lot of these listed companies, major shareholders and so on. I am also someone who look for offshore financing. Something that provides out of the conventional financing. Something like structure finance. If you have anything in mind or deals that we can work on, bring it on. Not limited to listed companies, even good assets and how to monetize it, I can give my opinion on how to do it. Dealing with those IPOs, RTOs and asset injection. Ultimately, it is how to maximise the upside. That is why I work closely with my offshore corporate service provider.

    Auric, which country you are located? You seem quite knowledgeable as well.
     
    Lori Kleinman likes this.
  12. khan

    khan Corporate Services Trusted Member

    For a consultancy you are bullshitting pretty much sorry to say so. Why can't you mention the bank's name?
     
    Dave likes this.
  13. Flycatcher

    Flycatcher Investor Investor

    I can mention the first one in place of him. The one starting with H is HSBC.
    https://www.hsbc.com.sg/

    It's customer satisfaction rating is as low as 1.2 stars out of 5:
    https://www.consumeraffairs.com/finance/hsbc.html

    The internet has lots of stories of people finding their corporate accounts closed without a provided reason, not just in Singapore but also in Hong Kong.

    I personally would avoid this bank if possible. From what I've heard, some people still end up with this bank because some claim they still open accounts for non-residents.
     
    maxmoney, Lori Kleinman and suzy like this.
  14. Flycatcher

    Flycatcher Investor Investor

    I can mention the first one in place of him. The one starting with H is HSBC.
    https://www.hsbc.com.sg/

    It's customer satisfaction rating is as low as 1.2 stars out of 5:
    https://www.consumeraffairs.com/finance/hsbc.html

    The internet has lots of stories of people finding their corporate accounts closed without a provided reason, not just in Singapore but also in Hong Kong.

    I personally would avoid this bank if possible. From what I've heard, some people still end up with this bank because some claim they still open accounts for non-residents.
     
    utibi, suzy, Admin and 1 other person like this.
  15. khan

    khan Corporate Services Trusted Member

    ahh, thank you very much @Flycatcher this was of great help! I assume there are banks in Hong Kong that are similar to HSBC which is a no go and there are banks which are actually customer friendly and can be recommend by some?
     
    Admin likes this.
  16. Flycatcher

    Flycatcher Investor Investor

    @khan The key to ultimate service in Hong Kong is to bring in lots of cash. Many banks there won't consider an account for you unless you have millions or HK residency, especially true for local banks. Those that do open accounts for less money tend to be those which are more bureaucratic.

    I don't currently have enough experience to recommend any, but surprisingly many banks have been at least open to me when I've expressed my desire to open an account with them.
     
    JohnK and Admin like this.
  17. Montecristo

    Montecristo Investor Investor

    Smart boy.
     
  18. khan

    khan Corporate Services Trusted Member

    Thank you, so it may be similar to the Swiss bank's you think? I don't want to bring millions to this country which is suffering on their national economy.
     
  19. suzy

    suzy Corporate Services Trusted Member Mentor Group Sponsor Investor

    Yeah sounds like HK try to copy Swiss :D
     
  20. Lori Kleinman

    Lori Kleinman New Member

    What is goodest Switzerland or Hong Kong bank account? what is easy to open? I can not take flight there.
     
    cutmetwo and I'mRobot like this.