Personal bank account

MrTony said:

For my personal savings? Are you kidding?)))

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Buy a safe, stash your cash

MrTony said:

Or BTC

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Yes but it has high fluctuation. You can buy gold or silver as well.

MrTony said:

So at N26 and Revolut they don't want utility bill or bank statement with my address?

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Correct. That's the longer less accurate version of:

Nyep said:

No proof of address required

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The fibbing will take place when you'll be asked for an address. You'll need to provide an EU address and then have the card forwarded to you from there (or simply be at an EU address for a few days until the card arrives).

So 5000 usd initial deposit is too much? For your life savings?

MrTony said:

CIM and Ameria - absolutely no.
As I know about Serbia - you need to set up a representative office there. Then you can try. But you need an agent for this.

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Why no to CIM?

MrTony said:

Remotely opening accounts is not possible.

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It's possible in Tera Bank, Silk Road, Bank of Georgia. Not possible in TBC bank. Source: experience

7889 said:

It's possible in Tera Bank, Silk Road, Bank of Georgia. Not possible in TBC bank. Source: experience

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Is it mandatory to hire an introducer/attorney and use POA to remote open in the first 3 banks or can be done directly with the institution?

MrTony said:

I know, that she is looking for a decision for Vanuatu company with FDL License. That' s why I answered no.



Tera Bank wrote me Remotely opening accounts is not possible. I think the situation with other Georgian banks is the same. Maybe Mrau right and you can open remotely using POA for Georgian introducer/lawyer.

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great this helps for clarification!

as is said banks in Serbia with no problem for remotely opening for companies and personal accounts

Postal Savings Bank, Sberbank, Addiko bank

Hello Nyep,

Does Revolut ask for proof of residence or are they content with only a UK / EEA address? Thanks in advance!

Nyep said:

Correct. That's the longer less accurate version of:

The fibbing will take place when you'll be asked for an address. You'll need to provide an EU address and then have the card forwarded to you from there (or simply be at an EU address for a few days until the card arrives).

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Are their websites in English as well or do I have to take a course to learn Serbian first?

Mr Magoo said:

Are their websites in English as well or do I have to take a course to learn Serbian first?

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Try Google Translate works good

MrTony said:

Will I need to pass some video-verification using App or not?

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N26 will need a video call to ID you (done by a 3rd party identification service). No questions will be asked about your residence during the video call though, it's strictly ID verification.

Revolut only asks for photos.

Obvious note, in case the obvious isn't obvious:
The normal onboarding procedure for both of these banks doesn't involve requesting any proof of address. HOWEVER, they *CAN* technically ask you for proof of address if they suspect something is fishy.

blizz said:

Try Google Translate works good

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NO! Never use a bank which doesn't have a website in a language you don't understand. The idea to open a bank account remotely already seems a bit crazy to me, but the idea to use a bank which doesn't even have an English website is definitely totally crazy. I'm banking in MNE and I've had problems which should have been fixed in 5 minutes taking 5 days because of poor communication, so don't take risks. The lack of an English website also tells that the bank doesn't have many foreign clients...