http://www.youtube.com/watch?v=T5Do6riaX8E
When you are abroad, find another HSBC. Present your U.S. HSBC banking bona fides and your account will be opened smoothly. Don't put more than $10,000 in the account. HSBC is a synonym for any solvent foreign bank with a branch on U.S. soil. Most advisors say never do this. They're right. But since it's very hard to get an offshore bank account as a U.S. citizen without reference letter from your U.S. bank, then I respectively disagree with the experts. Get a bank account at a local branch of a foreign bank and then go open the real account with your sterling U.S. credentials. Not perfect in the hide-and-seek game, but not much is anymore.
OMost offshore banks have pretty good and well made websites with a lot of information. In many cases there will be documents available to download like the application form for the opening of offshore banking account, government issued credentials et cetera.
Wire transfers will most likely be your main course of sending money back and forth. Depending on how much money moving you anticipate for your investing needs, these wire charges can add up really quickly. For this reason, be on the lookout for offshore banks that offer reasonable rates for them.
Besides the simple necessity of owning a separate account while you live a unknown country, what is very attractive about just offshore accounts? Why do you find it that rich people make them?
undergraduate account, tax attorney, different bank
