How to open a foreign bank account that will not be closed due to the lack of confirmation of registration of this account in the tax
Many foreign banks, which still open accounts for non-residents, are beginning to demand documents that taxes on amounts in the account as personal income have been paid. Some foreign banks…

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Know your customer: this is why banks WILL ask you awkward questions
Banks are fined hundreds of millions of dollars for insufficient customer verification. This is exactly what happened with the largest bank in Pakistan, which received a $ 225 million fine…

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How can a non-resident open an account in Europe without visiting a bank?

Today, a foreign bank account in a country with a reliable and well-organized banking system is an indispensable tool for both private and corporate individuals. Problems in the banking sector and crises in the home country, the risk of loss of assets due to criminal or legal prosecution, currency depreciation – these and other reasons make many people think about withdrawing money to a safer place.
The banking system of many European countries is well developed, reliable and well organized. Continue reading

Interesting facts about loans and banks

Modern Russians have long appreciated all the delights of loans that can be taken at any time, in virtually any amount, for any time frame and with minimal interest rates. You can buy immediately and anything, depending on the desires. The money, naturally, will have to be given later, including a small percentage. Without interest there is no sense of crediting, and therefore it is an integral part of any loan. But these are everyday, well-known realities, and we would like to tell you about the most incredible stories about lending, for example, in ancient Egypt, for example, a special form of a loan agreement was distributed. Continue reading

Interesting facts about the banking system

The Bank is an organization providing financial services to the public. This is its main purpose. Today, the number of branches is more than enough in any large city, and the world economy directly depends on these institutions and their leaders. The society will not be able to live comfortably without the use of tools that make financial activity as successful as possible. Continue reading

Types of money
Money currently exists in the form of cash and non-cash money. Cash exists in the form of coins, banknotes (credit money, bank notes) and treasury notes. Sometimes cash also includes…

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