Do Seba (now Amina) and FRICK banks onboard UAE residents?

[PinkCat]

I'm EU citizen and UAE resident, so was wondering if being UAE resident would make it easier to onboard any of those 2 banks? And if they work with UAE at all actually.
Seba should be since they opened an office in Abu Dhabi right?

 

[Martin Everson]

Bank Frick says on website the below so best to contact them and make your case.

---- quote start

We provide services to legal entities and natural persons residing or registered in the European Economic Area (EEA) (consisting of the EU, Liechtenstein, Iceland and Norway), Switzerland, the United Kingdom, Hong Kong or Singapore.

Individuals and businesses domiciled in any other country can become clients in very exceptional cases. A prerequisite for this is that a business relationship must offer additional benefits to both the individual and the Bank.

------- quote end

Seba should be since they opened an office in Abu Dhabi right?

Looks possible due to that but best to ask as account opening requirements are a moving target everywhere.

P.S I did not notice they have opened representative offices across Asia and middle east. Looks to me that they looking at growth markets .

 

[JackAlabama]

Try it out and offer a 10M under custody of which they can chip a yearly 1% fee. They might bite

 

[Martin Everson]

Try it out and offer a 10M under custody of which they can chip a yearly 1% fee. They might bite

Exactly, I have said it in the past and I am glad at at least Bank Frick is honest about. But he needs to play the game and ensure they can eat a bit off you comfortably. Otherwise at some point in future your account will show up on a report as unprofitable for the bank and they will boot you with little warning or reason...lol.

 

[PinkCat]

i think you can just deposit staked eth 500k chf worth and just sacrifice some of the yield as a fee to them.

 

[Forester]

i think you can just deposit staked eth 500k chf worth and just sacrifice some of the yield as a fee to them.

Well... good luck. But I would not much believe in success in the case you are describing.

 

[PinkCat]

Well... good luck. But I would not much believe in success in the case you are describing.

well i've done it, just with another bank.

 

[Forester]

well i've done it, just with another bank.

It is possible of course – in general. I have just commented on Seba/Amina and Frick

 

[PinkCat]

well i guess im gonna try them both and let you know guys

 

[Lazidol]

Amina Bank and Sygnum in Switzerland seem quite similar. Does anyone have experience with them as a customer? What are the strenghts and weaknesses of each of them?

 

[clemens]

Try it out and offer a 10M under custody of which they can chip a yearly 1% fee. They might bite

Let's hope OP has 10M ! You may be desperate if you look at Bank Frick if you have 10M available, in that case, you should be able to walk into any bank of your choice and ask them to open an account ASAP!

 

[bigdaddyleon]

I had a phone call with a Bank Frick employee about a month ago and she told me that this year onboarding for UAE residents will be allowed again.

 

[PinkCat]

I had a phone call with a Bank Frick employee about a month ago and she told me that this year onboarding for UAE residents will be allowed again.

Please let us know when they do start

 

[bigdaddyleon]

Please let us know when they do start

Unfortunately, I am not based in the UAE, so I have no further information on this.

 

[JohnLocke]

Please let us know when they do start

I would say, call them from time to time and check out their website frequently for the update.