Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 13-06-2013, 15:13   #1
Registered User
 
Highland Fling's Avatar

Join Date: Mar 2007
Location: Sunny Scotland but sail in the Caribbean
Boat: Beneteau Oceanis 461
Posts: 374
Banking

Hi folks i am looking for recommendations as to the best bank with the most branches in the Leeward and Windward Islands Also it would be nice if opening an account was not too strenuous a process. ATM i am in St Martin/Sint Maarten.

thanks in anticipation
__________________

__________________
Now with 600AH of LIFEPO4
kindest regards
David
Highland Fling is offline   Reply With Quote
Old 13-06-2013, 15:23   #2
Registered User
 
Teknav's Avatar

Join Date: Jul 2012
Location: Texas - USA
Boat: Twin Otter de Havilland Floatplane
Posts: 1,838
Re: Banking

Scotia Bank and Royal Bank of Canada are everywhere in the Caribbean. Opening an account with either one is not too difficult. There are more Scotia Bank branches than any other. I'm not sure why would you open an account in the islands; you'll be setting yourself up for audits by the IRS, if you're a US citizen.

Mauritz
Going to behave now!
__________________

__________________
Retired - Don't Ask Me To Do A Damn Thing!
Teknav is offline   Reply With Quote
Old 13-06-2013, 18:06   #3
Registered User
 
Andy73's Avatar

Join Date: Feb 2013
Posts: 229
Re: Banking

Quote:
Originally Posted by Teknav View Post
you'll be setting yourself up for audits by the IRS, if you're a US citizen.
As long as you keep the balance below about $10k-20K (?confirm on IRS site?) you don't have to do anything... Once you're over that you have annual reporting... Irritating but not a major problem
__________________
Andy73 is offline   Reply With Quote
Old 13-06-2013, 18:10   #4
Registered User
 
Travelnik's Avatar

Join Date: Mar 2012
Location: Nanny State
Boat: 22' Westerly Nomad
Posts: 593
Re: Banking

Quote:
Originally Posted by Teknav View Post
... if you're a US citizen.
His location says Scotland.
__________________
Dean - 22' Westerly Nomad - Travelnik
A 14-foot mini-cruiser is minimalist. A 19ft is comfortable, and anything much larger than a 25 borders on ostentatious.
Travelnik is offline   Reply With Quote
Old 14-06-2013, 01:57   #5
Registered User
 
Andy73's Avatar

Join Date: Feb 2013
Posts: 229
Re: Banking

Quote:
Originally Posted by Travelnik View Post
His location says Scotland.
Guess that means the IRS audit is even less likely
__________________
Andy73 is offline   Reply With Quote
Old 14-06-2013, 09:11   #6
Registered User
 
Highland Fling's Avatar

Join Date: Mar 2007
Location: Sunny Scotland but sail in the Caribbean
Boat: Beneteau Oceanis 461
Posts: 374
Re: Banking

Quote:
Originally Posted by Teknav View Post
Scotia Bank and Royal Bank of Canada are everywhere in the Caribbean. Opening an account with either one is not too difficult. There are more Scotia Bank branches than any other. I'm not sure why would you open an account in the islands; you'll be setting yourself up for audits by the IRS, if you're a US citizen.

Mauritz
Going to behave now!

Boat storage bills just for one thing

BUT if you know how i can avoid them do let me lknow
__________________
Now with 600AH of LIFEPO4
kindest regards
David
Highland Fling is offline   Reply With Quote
Old 14-06-2013, 09:46   #7
Registered User
 
Travelnik's Avatar

Join Date: Mar 2012
Location: Nanny State
Boat: 22' Westerly Nomad
Posts: 593
Re: Banking

Quote:
Originally Posted by Andy73 View Post
Guess that means the IRS audit is even less likely
I wouldn't put anything beyond them!

__________________

__________________
Dean - 22' Westerly Nomad - Travelnik
A 14-foot mini-cruiser is minimalist. A 19ft is comfortable, and anything much larger than a 25 borders on ostentatious.
Travelnik is offline   Reply With Quote
Reply

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off




Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 14:22.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.