They transfer at least $1,000 to take advantage of the 5% US Treasury bond rate. Which are the most commonly used and cheapest brokers for this, and which are the most expensive ones that are not suitable?
In the United States, there is a large increase in the opening of "ant" accounts, of US$1,000 that are transferred to take advantage of 5.07% annual US government bond.
TD Ameritrade and Interactive Brokers are the two most commonly used entities in recent months by Argentines opening accounts in the United States.
Like these brokers They have no maintenance or opening costs account, there are even discussions on financial forums about which of the two is best for it.
Accounts abroad
what happened accounts in Uruguayan banks were rejectedwhich charge up to $90 for maintenance, compared to the $20 an American can charge.
Opening an account in American brokers are very simpleto the extent that it is enough to fill out a form, W8, which is an affidavit that one is not a resident of the USA, a passport photo and a driver's license (or some other identification, so the two are different) .
Requirements
In addition, they are looking for Bank statement Argentina in order to know that a person is under the bank (and that another entity already applies a KYC policy, an acronym for meet your customer, to know your client) i service ticket where the same address as entered in the account opening form is specified.
TD Ameritrade and Interactive Brokers These are the two entities most used by Argentines opening accounts in the United States in recent months. As of this year, there has been a boom in $1,000 "ant" bills being rolled over to take advantage of the US Treasury bond rate of 5.07% p.a.
"You have to have a lot be careful with incoming and outgoing transfers on foreign accounts. They have that transfer economic or patrimonial reality that is crucial. "Having a very good relationship with an account officer or an advisor will not get them out of jail," he warns. Mariano Sardans, executive director of FDI.
Warnings
The ideal, in his opinion, is inform the bank in advance when the transfer should be received, presentation appropriate documentationeither a real estate purchase agreement, a gift from a parent, or a loan.
It's ideal inform the bank in advance when the transfer should be received, with the presentation of relevant documentation, whether it is a real estate purchase agreement, a parent's donation or a loan.
"Even when sending or receiving money, it's always convenient put in reference what it is about, especially when it comes to Argentinians, since they have them in black list"recommended by an expert, with clients in 14 countries.
Source: Cronista
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
