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Messages - synapseza

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Shares / Re: Help needed with overseas bank account so I can invest there
« on: July 21, 2017, 01:49:09 pm »
Quote from: MoneyChief on July 21, 2017, 10:34:30 am
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The best option I have been able to find so far is the FNB channel islands bank account. I haven't applied for it yet. I am still trying to find something better.

That looks like a pretty good option - think I am signing up. Thanks!

EDIT: I just looked at the Standard Bank Optimum account again and it seems cheaper than before:
https://international.standardbank.com/pbbinternational/personal/transactionalaccounts/optimumaccount

Ideally I would like to get a USD account to reduce conversion fees.

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Shares / Re: Help needed with overseas bank account so I can invest there
« on: July 21, 2017, 07:28:51 am »
Quote from: MoneyChief on July 10, 2017, 01:57:40 pm
Quote from: Patrick on July 10, 2017, 11:31:11 am
Finding a friend you trust over there would be a quick solution. Do you still have contacts there?
I see that ABSA offers international accounts in GBP, USD or EUR. Only requirement is R5000 equivalent minimum balance to be maintained. Seems like it might be a good option. I hope that DeGiro will then accept payments from the account.

ABSA has a couple of offshore options, the cheaper ones cannot make payments to third parties (such as your broker). I tried to get more information about their multicurrency account (since it was a bit more expensive and could be a full transactional account), but I got passed between the departments without any resolution.

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