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Sterling Account with Southern Address

  • 18-11-2011 4:41pm
    #1
    New2007
    Registered Users, Registered Users 2 Posts: 17 ✭


    Anyone know how I would go about setting up a sterling account up north but with a southern address? Trying to diversify currencies.


Comments

  • #2
    Raskolnikov
    Registered Users, Registered Users 2 Posts: 10,148 ✭✭✭✭Raskolnikov


    There is some great discussion on people who have been moving their money out of Ireland on preparefordefault.ie

    Your question in specific is answered in this thread.

    On a personal note, when I moved my pittance out of Ireland, I didn't use IBAN (i.e. an electronic transfer). Currency movements are tracked by the government and by using IBAN, they will know exactly where your money is.

    By all means, you should pay your taxes, but the less the government know about your assets, the better.


  • #3
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,606 Mod ✭✭✭✭Jim2007


    Raskolnikov wrote: »
    On a personal note, when I moved my pittance out of Ireland, I didn't use IBAN (i.e. an electronic transfer). Currency movements are tracked by the government and by using IBAN, they will know exactly where your money is.

    For along time now, every transaction contains full details of both the sender and the recipient regardless of whether you use an IBAN or not! And while it is true that over all movements are reported to the ECB and the Central Bank, individual movements are not, although banks are required to apply the money laundering rules to the transactions.


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