Open personal bank account in Georgia remotely

Martin Everson

HNWI Offshore Consultant
Business Angel
Mentor Group
Thanks Martin. Is there a better place to bank nearby? How about Serbia, Croatia, Montenegro, Macedonia?
Banking is a very personal matter. You need to do some research on your target back. For example read through the banks annual report, go and see a branch in person if you can and generally feel comfortable with the country where the bank is based. It's often too late to do this due diligence after the bank has gone bust or stolen your money.


Where do you get your information from to keep your money safe in Georgia? (to move it somewhere else in time)
From the internet for general news on Georgia. For economic stuff I read religiously G&T's weekly report. It summaries all the economic data you need to assess the countries economic risk. G&T is part of BankofGeorgia btw.

https://galtandtaggart.com/upload/news/15290.pdf
 

iloveyouguys

Active Member
Banking is a very personal matter. You need to do some research on your target back. For example read through the banks annual report, go and see a branch in person if you can and generally feel comfortable with the country where the bank is based. It's often too late to do this due diligence after the bank has gone bust or stolen your money.




From the internet for general news on Georgia. For economic stuff I read religiously G&T's weekly report. It summaries all the economic data you need to assess the countries economic risk. G&T is part of BankofGeorgia btw.

https://galtandtaggart.com/upload/news/15290.pdf
I was just looking for some pointer names. I basically want to throw $10-$20K to a couple of banks (or secure ways to store) in case a war starts, or in case my nationality causes me to lose my access to some western countries where I keep some money. I'm not nearly rich, I'm cashflow negative lol (trying to fix that). Basically that's why I value security more. I can't buy a second passport yet.

Also, I think all banks lie about their annual reports, don't they? How can you trust what someone says if they make money by exploiting you if you let them? Kinda like trusting a slut.

This is a bit unrelated but I'm just curious. Is it a full time job to manage over 100 bank accounts? That must be a pain in the ass. If your time is worth $300/hr, wouldn't you want to pay extra 50 hours per year ($15,000) to keep your money in more traditional places which helps you spend less money on keeping up with the news?

Also, what do you think about throwing 10% of your money to Invest in loans and earn money | Mintos Marketplace ? 11% return, or the ones here 13 Best Mintos Alternatives in 2020 [Similar P2P Lending Sites]
 

Martin Everson

HNWI Offshore Consultant
Business Angel
Mentor Group
I was just looking for some pointer names. I basically want to throw $10-$20K to a couple of banks (or secure ways to store) in case a war starts, or in case my nationality causes me to lose my access to some western countries where I keep some money.
If your nationality may cause you problems in future then you can't bank in a any western country. Georgia was at war just over 10 years ago as I mentioned so is not the best example for asset safety.

Also, I think all banks lie about their annual reports, don't they? How can you trust what someone says if they make money by exploiting you if you let them? Kinda like trusting a slut.
lol....Maybe a bank account is not for you. You can open a bullionstar gold account in Singapore. Then just park your cash on the cash account they create for you. At least you have an easy exit if you see sanctions coming i.e convert to gold and take out physically your gold.

This is a bit unrelated but I'm just curious. Is it a full time job to manage over 100 bank accounts? That must be a pain in the ass. If your time is worth $300/hr, wouldn't you want to pay extra 50 hours per year ($15,000) to keep your money in more traditional places which helps you spend less money on keeping up with the news?
It is a pain but I generally don't have anything else to do as all my money I now earn is passive. lol.....it is a full time job. I login once in a while and look at them a bit and then log out. Sad hobby but no different then stamp collecting and better than working a 9-5. 100% traditional places is not what I do. I like to be different.

Also, what do you think about throwing 10% of your money to Invest in loans and earn money | Mintos Marketplace ? 11% return, or the ones here 13 Best Mintos Alternatives in 2020 [Similar P2P Lending Sites]
I don't know about those sites but when you see 10% or 11% return on anything you should generally walk away....and quickly.
 

Latest Threads

Top