QUOTE(Showtime747 @ Mar 1 2017, 08:39 AM)
Ya loh, even after she get the account opened, she will not make use of it. Why should the bank open an account with no transaction in it ? Maintaining an account cost money to the bank. If they cannot make money from you, they will reject.
From account holder point of view, open an account without a purpose will also cost money/time.
I can see more and more people open overseas bank account for the sake of "not being left behind" as "everybody is doing it". They don't really know whether they need it. Nor do they know there are much simpler alternative like investment in foreign stock market thru local platform. Much much simpler to get into non-RM stock investment which is a good hedge against RM depreciation.
My view is if you are just a small timer, look into local banks/brokers. Much easier and hassle free. Transaction cost is just a very minor part of your outlay. The savings won't make a big difference compare to the hassle of opening an overseas account.
*Ouch*From account holder point of view, open an account without a purpose will also cost money/time.
I can see more and more people open overseas bank account for the sake of "not being left behind" as "everybody is doing it". They don't really know whether they need it. Nor do they know there are much simpler alternative like investment in foreign stock market thru local platform. Much much simpler to get into non-RM stock investment which is a good hedge against RM depreciation.
My view is if you are just a small timer, look into local banks/brokers. Much easier and hassle free. Transaction cost is just a very minor part of your outlay. The savings won't make a big difference compare to the hassle of opening an overseas account.
The truth hurts.
This post has been edited by TOMEI-R: Mar 1 2017, 11:40 AM
Mar 1 2017, 11:38 AM

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