US Bank Account Freeze - Page 2

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US Bank Account Freeze - Page 2


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  #11 (permalink)  
Old 26th January 2019, 11:35 AM
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I keep and maintain bank account in the US with my address and telephone contacts in the Philippines. I use my USA credit card here and pay online.

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  #12 (permalink)  
Old 27th January 2019, 03:36 PM
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Users Flag! Originally from usa. Users Flag! Expat in philippines.
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Six years ago, Fidelity Investments was going to shut me down when I listed my address as the Philippines. I didn't know about all of this at that time. I changed my address with them to my sister's California address and they said fine. Of course, since that time, California tax mafia has tried to get me to pay California taxes twice, but a letter took care of that both time.

USAA would not open an account for me when I told them I was living in the Philippines.

I use my sister's address for my Chase Bank accounts and my Capital One Mastercard. I use the Cap One Mastercard here all the time and they don't care. With the latest chip cards they no longer need travel alerts. They also have a great exchange rate so using the card here basically transfers money for free, at a great rate. I use it for gas and groceries and any big spends where they take a CC for no charge.

I didn't do it, but it is good to set up a mail box like Traveling Mailbox before you leave. If you wait until you are here, you will have to have the USPS form notarized online at a good cost. If you do it in the U.S., the form can be taken care of at the post office for free.

Check out SDFCU, State Department Federal Credit Union. They allow you to have a foreign address. I just opened accounts there recently.
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  #13 (permalink)  
Old 28th January 2019, 12:39 AM
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Get a mail forwarding company to handle your mail - and use that address for banks & credit cards. You can get a US address and phone number (like magic jack) for any US business you need to do.

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  #14 (permalink)  
Old 28th January 2019, 03:08 AM
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I use the mail forwarding address as my stateside address. Simple as that. I have to "report" the activity of my Filipino bank but it was an online simple form. I used the option when reporting that overseas activity as not knowing the actual activity. They give you amount triggers as in did you account have a balance of over such and such for a certain named time period? Check off the block type form. You have to report the bank and account number so I assume they can do your own research. One of the accounts I was well over the named amount because I had transferred money for a large addition on the house but I just stated that I was not sure sure of the exact amount for the period of time designated. Just checked off the box that was that appropriate answer. Took all of 5 minutes to fill out and file via the internet. Couldn't get cute and take my name off the Filipino account because filing jointly with my wife who also is a US citizen. My issue seems clear because the money was transferred from my US account and all that money was accounted for with real estate sales and retirement funds which had been deposited monthly. It does feel like the government has their hand in your pocket but in my case it is easier to comply with the simple form rather than jump up amd down at this obvious violation of privacy.

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Old 4th February 2019, 02:54 PM
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Before I moved to the Philippines the first time I went into my bank which is fifth/third and told the bank rep I was leaving the country for the Philippines and I would be using my cards there. He made a notation on my account I would be in the Philippines. That way my cards would not get rejected.

the only problem I had was accessing my accounts online. I had to use an ISP switching program that used a fake ISP address in the USA. As long as I was logged into the program I had no problem. Once I forgot to log in and I tried to log into my bank account and the account got frozen. I had to call the states and explain to them it was me trying to access my account because it showed an ISP address in the Philippines trying to log into the account.

Other then that problem I had no other issues. My accounts used my daughters address. the program I used for switching ISP address worked very well. As long as I was logged into the program it would show I was in the USA. The bank didn't know the difference.

art

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