Is it possible to have multiple bank accounts in other countries?

Question

i have one in the uk and i want to open one in switzerland luxembourg and liechtenstein how would i do this and do these countries have high interest rates

Answer 1

a non-resident of France can only have one account

the best interest rates are in the UK, especially ISAs but the stock market yield is usually better over a number of years

Answer 2

Yes, you can.

I have several bank accounts myself in the UK, US, Switzerland and Luxembourg.

You can open an account in these countries either online (if the bank permits it and has a website), or fly over and open an account in person (much easier and straightforward). As for interest rates, you'll need to shop around - but yes, the interest rates on foreign accounts can be much better than in the UK.

Answer 3

Yes people do it all the time to avoid paying excessive taxes in the UK when they have a lot of money.

Answer 4

Tons of people have bank accounts in Switzerland in addition to the country where they live. They're popular because it is their policy not to release any personal information- even to the police if you're under investigation. Swiss banks have been linked to money laundering schemes.

It's a good idea to get one for the rates, but if you have a job where you might be investigated and you can't afford to look suspicious, you may not want one

Answer 5

You can have as many accounts as you want wherever you want, just decide which bank you want and apply for the account online/by post.

Answer 6

Sounds dodgy to me   , are you on the fiddle or laundering?

Answer 7

ya oh course