Banking

[Highland Fling]

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

[Teknav]

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!

[Andy73]

Originally Posted by Teknav

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

[Travelnik]

Originally Posted by Teknav

... if you're a US citizen.

His location says Scotland.

[Andy73]

Originally Posted by Travelnik

His location says Scotland.

Guess that means the IRS audit is even less likely

[Highland Fling]

Originally Posted by Teknav

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

[Travelnik]

Originally Posted by Andy73

Guess that means the IRS audit is even less likely

I wouldn't put anything beyond them!