You enter the bank, leather briefcase in hand. You are greeted by someone in a suit and all you tell them is a number. The person nods and asks you to follow them. They present you to a teller. You place the briefcase on the counter. The teller opens it…
Oh this coveted topic. So misunderstood. So misrepresented. Yes, banking secrecy still exists. No, it’s never going to go away. What is banking secrecy? Banking secrecy is by no means a Swiss invention, although the Swiss are no doubt the most famous. The banking system is based on trust;trust that…
“And the bank needs to have all the currencies in the world, issue prepaid cards, debit cards, credit cards, and virtual cards. Fees should be very low, if any at all. The bank must be financially stable and in a jurisdiction with a deposit insurance.” If this sounds like you…