Recommending a good bank risk

[Alexmorgan]

A lot write here or other forums and social media about having a good bank in service , support and reliability



Then its matter of time before a lot of money laundry issues, bank get more strict, support get ignorant, account closing for no reason, losing their license or corresponding, ... etc.



Thats why when someone finds a good bank he wont tell about it or even talk about it



We have a lot of stories about banks were nice and now they are not nice anymore



Some says its because they have enough customers now and thats not true there is no enough in banking fields



Isnt there any solutions for this to help people to have their good banking services without risking of bad people come to this bank?

 

[Martin Everson]

Alexmorgan said:






Thats why when someone finds a good bank he wont tell about it or even talk about it



We have a lot of stories about banks were nice and now they are not nice anymore

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Yes that's because once mentioned bad actors on internet who see the thread start applying and things change rapidly. It only takes a bank getting a few bad applications before they change compliance procedures overnight to reduce workload.














Post in thread 'Armenia starts exchanging tax information under OECD by 2025?'



Sep 30, 2024









clemens said:






What are your honest thoughts of Armenia for banking for foreign owned company ?

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For me Armenia died after I introduced people on this forum to Ameriabank then within days [back then] they stopped taking remote openings...bad coincidence I hope . No idea what Armenia is like today for banking or requirements as it fell of my radar. Back then it was ok. Banks like Ameriabank had a nice IB white label trading platform if I remember for trading via a company.



If you find a bank there willing to open a company account then worth a try. But not sure there is any compelling reason...

• 
  Martin Everson
  

Alexmorgan said:






Isnt there any solutions for this to help people to have their good banking services without risking of bad people come to this bank?

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Sadly I keep the ones I use to myself. That's not to be selfish but the fact that when bad actors appear then me with my Bahamas residency is often first to get kicked in the nuts in any clamp down .

 

[alley]

Alexmorgan said:






Isnt there any solutions for this to help people to have their good banking services without risking of bad people come to this bank?

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In my experience, if you keep your setup transparent and in compliance with the bank's regulations, there shouldn't be any issues. Problems arise when there's something about your setup that you need to hide.

 

[Alexmorgan]

alley said:






In my experience, if you keep your setup transparent and in compliance with the bank's regulations, there shouldn't be any issues. Problems arise when there's something about your setup that you need to hide.

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Blackcatcard was so great bank for many people



Until people said a good thing about it and went viral



Then the bank had so many issues and a lot of money laundering happened until they got debanked for a while



JP Morgan they were so happy on boarding people from here until wrong people came to them and they uplift their regulations



I dont think recommending a great hidden bank to people is a great idea