Swiss and Cayman Bank Accounts - Ease of Access?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Family has recently come into a decent bit of money from sale of old family business (roughly $160 million pre tax).

DH is being told to set up some of the money, post taxes, etc, in offshore accounts due to concerns with long term American economic stability in order to diversify risks and maintain anonymity.

How accessible are these funds? Does it take a long time to recover them f needed? Do these banks have debit cards set up for daily use?


Any experiences?

I keep several hundred million in a Swiss account. They give you a platinum debit card with your picture on it. It's really heavy. That always surprises the cashier at Target for some reason.

I keep a hundred and one million. I also got the platinum debit card with my picture on it. I also get a Christmas card every year

My bank sends me a chocolate-filled advent calendar. I keep a hundred and two million. Try it -- it's worth the upgrade.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Family has recently come into a decent bit of money from sale of old family business (roughly $160 million pre tax).

DH is being told to set up some of the money, post taxes, etc, in offshore accounts due to concerns with long term American economic stability in order to diversify risks and maintain anonymity.

How accessible are these funds? Does it take a long time to recover them f needed? Do these banks have debit cards set up for daily use?


Any experiences?

I keep several hundred million in a Swiss account. They give you a platinum debit card with your picture on it. It's really heavy. That always surprises the cashier at Target for some reason.

I keep a hundred and one million. I also got the platinum debit card with my picture on it. I also get a Christmas card every year

My bank sends me a chocolate-filled advent calendar. I keep a hundred and two million. Try it -- it's worth the upgrade.

Pish posh. Mine sends me chocolate debit cards with my picture hand painted on each one. You use it once and then eat it. Can't use them at Target though, the cashiers always try to eat them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Family has recently come into a decent bit of money from sale of old family business (roughly $160 million pre tax).

DH is being told to set up some of the money, post taxes, etc, in offshore accounts due to concerns with long term American economic stability in order to diversify risks and maintain anonymity.

How accessible are these funds? Does it take a long time to recover them f needed? Do these banks have debit cards set up for daily use?


Any experiences?

I keep several hundred million in a Swiss account. They give you a platinum debit card with your picture on it. It's really heavy. That always surprises the cashier at Target for some reason.

I keep a hundred and one million. I also got the platinum debit card with my picture on it. I also get a Christmas card every year

My bank sends me a chocolate-filled advent calendar. I keep a hundred and two million. Try it -- it's worth the upgrade.

Pish posh. Mine sends me chocolate debit cards with my picture hand painted on each one. You use it once and then eat it. Can't use them at Target though, the cashiers always try to eat them.

I hate those. I gained 20 pounds the year I kept my 300 mil in a bank that used chocolate debit cards. Plus the "melt in your mouth, not in your hands" line is such BS.

[Anonymous]

Anonymous wrote:Thanks haters.

Any legit responses? I guess all the talk of folks with cash here is just overrated trolling.

I'm long America. But, if America keeps electing folks like Obama and the democrats, I want to have a backup plan. Under dems, my family is enemy #1 - successful, God fearing folks who believe in limited govt will have no place in the de blasio/Hillary camps of the future.

Let's be clear here. You are not successful, your family (Daddy?) was. You are uneducated. Good luck with your lotto winnings.

[Anonymous]

Uh, call a lawyer or private bank. Swiss and Cayman accounts are highly liquid.

[Anonymous]

Well, I'm not really excited to help you, but I will tell you this. My brother lives and works in Switzerland, and is an American citizen. He is having a helluva time trying to open a Swiss bank account, since Swiss banks are now loathe to deal with Americans over these issues. FATCA, designed to target tax non-compliers in the U.S. with foreign accounts, is resulting in this sort of blowback for folks working and living there.

The poor guy would just like to be able to open an account so he can write a check for the daycare.

[Anonymous]

Anonymous wrote:Thanks haters.

Any legit responses? I guess all the talk of folks with cash here is just overrated trolling.

I'm long America. But, if America keeps electing folks like Obama and the democrats, I want to have a backup plan. Under dems, my family is enemy #1 - successful, God fearing folks who believe in limited govt will have no place in the de blasio/Hillary camps of the future.

Here's an idea: Why don't you take your America-hating ass with your money? We don't want you anymore. I hope the IRS seizes half your assets with the exit tax when you leave.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Family has recently come into a decent bit of money from sale of old family business (roughly $160 million pre tax).

DH is being told to set up some of the money, post taxes, etc, in offshore accounts due to concerns with long term American economic stability in order to diversify risks and maintain anonymity.

How accessible are these funds? Does it take a long time to recover them f needed? Do these banks have debit cards set up for daily use?


Any experiences?

I keep several hundred million in a Swiss account. They give you a platinum debit card with your picture on it. It's really heavy. That always surprises the cashier at Target for some reason.

I keep a hundred and one million. I also got the platinum debit card with my picture on it. I also get a Christmas card every year

Sign up for their "Rewards Program" and if you are above $1 M, they give you these darling toilet rolls which has US dollars printed on them. My guests have such a chuckle when they wipe their butts with it! Go on - its all in good taste and fun!

And welcome to the club, hon!