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From: Scott Meyer (no email)
Date: Fri Jan 07 2005 - 12:56:13 EST
At 10:25 AM 12/15/2004 -0800, lynn stone wrote:
>Thanks for the info. I'm not sure this is for us or
>not, especially right now, but we will look into it. I
>think it is something that has just gone right under
>our radar so to speak. I think I always equated a
>foreign bank account and a foreign currency bank
>account as something not quite legal or only for those
>that have megabucks.
An "offshore" bank account can be just like a regular
US Bank account. I've had a "normal" Australian bank
account for years now; internet access and a
debit card. Walk into a bank and sign up. Even with
the 10% of profit claimed by the Australian government,
an OZ account probably makes 4%. Compares pretty favorably
with a US account over the past few years.
If you can't actually go to a foreign country, use a
global conglomerate like Citibank as you can authenticate
yourself at a local branch.
And, US ATMs don't seem to inflict their vile $2 charge on
foreign cards. You can only screw your own citizens...
-Scott
Scott Meyer mailto: http://www.summ.org/
"Endless Summer" F41 #17
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