0:37 Introduction 1:50 Reasons for avoiding US Banks 3:00 Reasons for avoiding Swiss Banks 4:30 Reasons for avoiding Liechtenstein Banks 5:09 Reasons for avoiding Megabanks (HSBC, Citi, Chase) 5:49 Recommendations (Eur: BNP Paribas, Credit Suisse) (Asia: Bank of Singapore, DBS, KEB Hana) (Middle East: Lebanon banks) 7:50 Book ad

@khaldoonaljerian8452

2 жыл бұрын

Extremely helpful thanks 🙏

@mousamkonwar12

Жыл бұрын

​@@Bambotb 😂😂😂

@swagmassa6702

Жыл бұрын

CREDIT SUISSE TOP KEK

@Popor.

6 ай бұрын

Good good good 👍

@sal_strazzullo

4 ай бұрын

Thank you, the video doesn't have text on screen nor chapter timestamps, so it was hard to find what I actually opened it for

Thanks for mentioning Lebanon, as a Lebanese person who grew up there and lived in the western world banking was the pride of the country for the longest time, service reliability stability and secrecy were top notch. Unfortunately now it is a disaster so be careful from approaching our banks.

That Lebanon comment just didn’t age well .

@Kkkarm

Жыл бұрын

Lol I stopped watching the video when he said Lebanon

@jaygee3581

Жыл бұрын

Was just about to post the same thing. Goes to show no one knows what they are doing.

@osochara

Жыл бұрын

The problem in itself were not lebanese banks, they were conservative and provided good services. The problem was bad government and a war that tanked the lebanese pound that gave these banks the advantage they were leveraging. I don’t think you can blame lebanese banks or somebody who said they were good for an economy that failed for external reasons.

I think this is a GREAT video...but...Please...same video for mid-wealthy...or light-wealthy....500k to 2M

@nomadcapitalist

4 жыл бұрын

Thank you Lorenzo, I might do that in the future, stay tuned

@khaldoonaljerian8452

2 жыл бұрын

Yes please Andrew

I was seriously following your great content and truly surprised of what I heard coming across this video; Lebanese banks?!! So strange that the video is posted 8th of October just 9 days before the total collapse of the whole Lebanese banking sector. Objectively and based on some previous facts the Lebanese banking sector showed remarkable risk indicators for the few past years before witnessing what happened in October 2019

"I have three dollars" - Patrick Star .... and me. But I'm watching this video so that's cool

"If everyone can get an account there then no one can get an account there..." What an outstanding way of describing it! Commonness for all.

THANK YOU SO MUCH FOR SHARING US 💙💫🌎

I think the main question you need to ask is your needs. If investment products, corp set up. handling of corporate stock is important. Hard to beat caymans or Ireland still.

Good video Andrew. Keep it up!

@nomadcapitalist

4 жыл бұрын

Thank you R, a lot more coming up in the future so stay tuned!

Good quality information no nonsense advice well done ...

Excellent!

So what do you recommend for people that reside in the U.S. and have no desire to bank offshore?

From personal experience there are a lot of Juice in Swiss banks, have to avoid them as much as you can because they sell you twice in a split second

"Like building a Luxury Car in a Ford Chassis" Jags and Volvos from 00" drop a tear.

One of your best videos! I share your view. However we are quite satisfied with BOG. As you know there wealth department moved in a magnificient ancient building on Liberty Square Tbilisi. Their welcome is warm and service is very high level (at least for the private bankers we have there). In Europe we like Austria and Luxembourg.

@nomadcapitalist

4 жыл бұрын

Thank you Financial Privacy!

@financialprivacy4425

4 жыл бұрын

@@Captain_Tiger In our opinion, yes. Do not forget that Georgia ranks 6th in the worldwide "ease of doing business" index. The country is doing pretty well. Good luck!

Nicely explained

How about Asian branches of Swiss banks?

Nomad Capitalist has officially "jumped the shark"...

Lebanese bank??? 😂😂😂 What about Madagascar or Haiti private banks? What a joke

What about the Monaco private banks?

Another great video Andrew, Such a professional, Thanks again as always

@nomadcapitalist

4 жыл бұрын

Thank you for your kind words Blacc, much appriciated as always!

What type of bank would I go for if I am doing a Tier one investor visa for UK.

Good morning Prof. I see I was quite early with only 24 viewers in class so far😁. I have saved this video in my playlist. One day Prof......one day.

@nomadcapitalist

4 жыл бұрын

Well I wish you the best of luck Margy 😀 and thank you, your feedback is always appriciated!

@margyiphillips4931

4 жыл бұрын

@@nomadcapitalist Hello again Prof. How possible is it to open a bank offshore online?

@margyiphillips4931

3 жыл бұрын

@@nomadcapitalist Hello again Prof. Still remaining motivated. Thank you

does credit Suisse still do private banking

You got married Congratulations!!

@nomadcapitalist

4 жыл бұрын

Thank you Jimbo 67

@oomahuntressprotectress848

3 жыл бұрын

congratulationd.. but ya

@ubaidh66

3 жыл бұрын

@@nomadcapitalist Married With a prenuptial agreement, and asset protection trust and LLC ?

What about for South Africa and Africa? Investec or RMB?

Are big banks good for business credit cards?

Hey buddy. Great vid! Thanks for the info. I appreciate it. I have just one question. What are your thoughts about Morgan Stanley?

Hi Andrew. I have been using this lockdown for a lot of research after finding this channel. I have your book on order too. What are your thoughts on opening an account with Maybank to start the process of residency in Malaysia? Could this be used as a bank for salary deposits which would help towards the bulk amount needed for residency and furthermore buying property in KL and having a higher chance for loans? I am South African, work in the maritime industry and have offshore accounts however i want to make a base in Asia and KL seems like an incredible option which could work. Thanks

@bathsalt79

3 жыл бұрын

If you are opening an offshore account, the first thing you need to understand is your tax obligations, in other words, be sure you know the country/countries you are deemed to be a tax resident. Very wealthy ppl have footprint in many countries and they normally have a tax advisor who understands international tax laws. When you open an account in Malaysia or any country that has committed to the CRS framework, aka Common Reporting Standards, you have to sign a CRS form to declare the country/countries where you are liable to pay taxes and provide your tax number. If Malaysia has an automatic exchange agreement with SA (you have to find out) your offshore account will be reportable to SA if your govt request for it for whatever reasons. Of course, this is only a concern for those that try to evade tax or those that are unfamiliar with tax matters. For example, AUS or US imposed tax on all sources of income, both locally and globally, not declaring these overseas assets is a crime. Tax reporting can be a complex matters. To know more, just google CRS and Automatic Exchange of Information at the oecd website. Even better, speak to a tax advisor before making major decisions.

@TheAdventureContinues.

3 жыл бұрын

@@bathsalt79 thanks for all that info, appreciate it!

I'm not surprise Andrew mentioned a few banks in the Middle East. I would think they would give you top service for little fanfare. I mean when was the last time a bank in that region defaulted? Like never. 😉

Yeah see where Lebanon banks are now

DBS is great, I use it for lower-level stuff though...

whats the problem with hsbc private bank singapore?

I wonder what he thinks of Northern or Bessemer Trust.

@marketdid2953

3 жыл бұрын

Northern Trust is top and proper. Up there. Top 5 in US easily.

उत्तर बिहार ग्रामीण बैंक सबसे बढ़िया बैंक।

thanks,

I know I'm going out on a limb here but Julius Bär?

I don’t even have the money to buy a switch lite 😔

@deebee2612

3 жыл бұрын

Hahahaha

@sensei-lr4cj

3 жыл бұрын

Same

good health and wealth for my family and myself! Insha Allah And to see my grandchildren grow up!

What about Mitusbushi Bank?

If you want to pay huge bank charges then go with private banking. If you actually want to make some money then you need to be with a broker.

BNP Paribas bought Bank of the West a few years ago. Would you say they are better than banking with US mega banks

@AA-ji2my

3 жыл бұрын

yes. personally, I have friends that are billionaires (family) they work with paribas... thats the best. USA BANKS are shitty.....you know and I know the USA is going to collapse in this decade...

@mattyboy999

2 жыл бұрын

@@AA-ji2my you don’t know any billionaires little man; if you do you’re not apart of that inheritance so don’t talk about them like they’re your best friends!

Lebanon….😢

CITI... mehhh :P

Private closed ?

How is JP MORGAN private bank?

Lebanon?!

Julius Bär?

@mousamkonwar12

Жыл бұрын

julie's bear is a good bank for high net worth individuals.

What is a good bank to put a few billion in?

@angelgold3276

3 жыл бұрын

Federal reserve where politicians put there's

@Drago1467

3 жыл бұрын

If I or virtually anyone else with above a certain level of financial literacy(American) were to magically come into $2-7 billion in after tax, legally certifiable cash,We would use a mix of banks.The banks that we would choose would largely depend on how large of a public presence we have.Assuming we managed to stay anonymous(which the bulk of us would VOLUNTARILY part with with anywhere from 20-90 percent of that amount to do).If we’re interested in maintaining our citizenship and connections to America,you’re looking at a multi family office like institution like Bessemer or Northern Trust(at least during the initial stages of adjusting to our wealth) with a sprinkling of regional and bulge bracket banks like Wells Fargo,Citibank and JP Morgan Chase.The banks we choose will largely depend upon our age and other demographic factors(I’m in the 18-30 group and have no serious romantic attachments or children) and the relationships that various members of our core team have with the various private banks in the country(If I magically came into that amount of money out of nowhere,I’d retain an attorney like William J Butler of McDermott Will and Emery so quickly your head would spin and wouldn’t stop at him).This group people will have a network of individuals and businesses that they can refer someone in this situation to.We then move to Switzerland (which at that level of wealth becomes damn near a bargain for the quality of expertise and experience that you can get.).It gets really wonky here.I’m reasonably certain that I would establish relationships with at least 4 small to mid sized Swiss banks and one or two major ones if not a multi family office without US Branches and that would be HIGHLY resistant to any attempt by my government to unethically freeze or confiscate my assets.BNP Paribas and Coutts would probably have a few million in them as well just for the sake of convenience(you’re about to run in VERY different circles).That would more or less rap it up for European banks(with the exception of some Austrian banks I might be interested in).I’d have relationships with at least 3 Singaporean banks (there is simply too much potential there).Australia also has a handful of private banks that I might be interested in.The Cook Islands and New Zealand would also have some money in them.All of this will be determined after dozens of meetings that I would be having with my core team and over a period of at least 3.5 to 5 years.

Does he manipulate his accent?

Credit Suisse 🤣🤣🤣

The juice is not worth the squeeze...😂😂😂

Crédit Suisse 😂

No Latin Banks?

No private bank for Africa people?

Just pay your taxes guys. You can afford to.

Credit Suisse 😂😂😂😂😂😂 this guy is a clown

@Fourtune1

11 ай бұрын

This video is 3 years old

@pablo313khaos9

11 ай бұрын

@@Fourtune1 3 years ago, CS was having several problems with its investments in very risky countries om Africa and other stories that was sending the bank to the status that has today. This is just a video made by a person that does not know what he is talking about, just that

I don’t trust this guy.

It's hard for a non-gay to watch this flamboyant production. Cringe.

@klwthe3rd

4 жыл бұрын

Why? What's wrong with his production? Some of the best content on KZread actually. Not that it's any of your business but Andrew is happily married so your comments are way off base.

@lPowDog74l

4 жыл бұрын

Not sure you're the target audience, sir. Also, "El Matador" is the cringiest alias in the world.

@crossroads670

4 жыл бұрын

What kind of an insecure comment is this. Lmao. You sound like you’re struggling with your inner homosexuality and so you lash out at anyone who doesn’t fit your archetypical bro. Get well soon! 🤣

@tubes9181

4 жыл бұрын

Dumb

@LD-rh3wo

4 жыл бұрын

Kenneth The intro is terrible, they should just ditch it...