Online only foreign bank account

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maple
Posts: 20
Joined: Tue Mar 03, 2015 12:08 pm

Online only foreign bank account

Post by maple » Thu Jun 18, 2015 12:06 am

I am looking to open a non-Finnish online only foreign bank account that accepts applications online or by post without my needing to show up at their branch with my passport. The passport notorized from Maistratti can be posted to them if required.

Sometime ago, somebody posted a link about a France based bank account but now I cannot find it on the forum. does someone remember the name or any other bank with the above conditions?



Online only foreign bank account

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Upphew
Posts: 10748
Joined: Tue Apr 08, 2008 10:55 pm
Location: Lappeenranta

Re: Online only foreign bank account

Post by Upphew » Thu Jun 18, 2015 10:18 am

maple wrote:I am looking to open a non-Finnish online only foreign bank account that accepts applications online or by post without my needing to show up at their branch with my passport. The passport notorized from Maistratti can be posted to them if required.

Sometime ago, somebody posted a link about a France based bank account but now I cannot find it on the forum. does someone remember the name or any other bank with the above conditions?
Being present isn't mandatory, but without checking who you are, they must be extra careful. Eg. you open account, no problems there -> you put 2k to your new account, no problems -> you put 12k to your account -> booom! Money laundering rules kick in, freeze accounts, make inquiries, waste money... how long it will take for them to make the money back?
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macora
Posts: 92
Joined: Tue Mar 18, 2014 11:31 pm

Re: Online only foreign bank account

Post by macora » Fri Jun 26, 2015 2:41 pm

Paypal Luxembourg was granted a bank license a while ago. Never researched what is the different procedure to open a general paypal account vs one that counts as bank account. They will have to have procedures installed against the money laundering Upphew mentions.
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maple
Posts: 20
Joined: Tue Mar 03, 2015 12:08 pm

Re: Online only foreign bank account

Post by maple » Fri Jul 10, 2015 6:49 am

Money Laundering regulations and KYC compliance is not a problem.Cannot find a website or contact info for Paypal bank account opening in Luxembourg.
Does someone know about such a French bank that offers internet banking only with no brick and mortar branches. I think somebody mentioned about it a few years ago on this forum.


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