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Well if I was a millionaire, I would be using an "off-shore" bank account in a country that is tax free and which did not have to report the contents of my bank account to the tax department in my country (IRS or Receiver of Revenue).
That's why banks in the Isle of Man, Switzerland, Isle of Jersey and the Cayman Isles are so popular with wealthy people ;)
What else can I help you with?
What brokerage accounts does Bank of America offer?
Bank of America offer a range of brokerage accounts to customers. One can open an investment account and make trades with Merrill Lynch or use MLPF&S which is a broker-dealer and subsidiary of Bank of America.
Are bank reconciliations used in account payable?
No, bank reconciliation statement is a form you use to adjust the bank books for a company, in many ways it's the same as balancing your bank book at home. Bank Reconciliation is used to make your books match with the bank statement and vice versa. Accounts payable are Liability accounts, money owed to another company or person.
Where can one find more information about opening online checking accounts?
One can find more information about opening online checking accounts from Citi Bank, Bank of America and Nationwide. Checking account is the type of accounts that one can use to deposit as well as withdraw cash from the account.
What is the iban number for pnc bank?
The International Bank Account Number (IBAN) is a standardized international bank account numbering system used to identify bank accounts during international transactions. PNC Bank is a US-based bank and does not use IBAN numbers. Instead, US banks use a routing number and account number to identify bank accounts for domestic transactions.
Can you have 2 bank accounts in different names?
Not legally. You must use your legal name when opening a bank account and it must match the name on our social security card.
What kind of bank account do millionares use?
Rich people use "depositor" banks the same way the rest of us use banks.
How can one compare business bank accounts?
One can use the Money Supermarket website to compare business bank accounts. It is important to compare bank accounts in order to get the best one available.
How can one access their bank accounts?
To access their bank accounts, one can typically use online banking services provided by their bank, visit a physical branch location, use an ATM, or call the bank's customer service hotline.
What do chinese people use for money?
Bills, coins and bank accounts
What brokerage accounts does Bank of America offer?
Bank of America offer a range of brokerage accounts to customers. One can open an investment account and make trades with Merrill Lynch or use MLPF&S which is a broker-dealer and subsidiary of Bank of America.
How do you use the word percentage in a sentence?
Which bank offer the best interest percentage on checking accounts?
What is the IBAN number for a US bank account?
The IBAN number is not used for US bank accounts. Instead, US banks use a routing number and an account number to identify accounts for domestic and international transactions.
What kind of a network does a bank use?
1star topology
Where can one open a business savings account?
Business savings accounts can be opened at any normal bank that the customer does their private business with. If there are any special requirements, one could use a bank that does business accounts specifically.
How can one acquire a bank card?
A bank card can be acquired by simply going to a bank in person and applying for a checking or savings accounts. From here, they will provide one with a bank card to use at their ATMs and branches.
Are bank reconciliations used in account payable?
No, bank reconciliation statement is a form you use to adjust the bank books for a company, in many ways it's the same as balancing your bank book at home. Bank Reconciliation is used to make your books match with the bank statement and vice versa. Accounts payable are Liability accounts, money owed to another company or person.
How do you use trustee in a sentence?
My mother made her bank the trustee for her accounts so they could pay her bills for her.
