On 05/06/2016 10:44 AM, Bear Giles wrote: > Is it possible to set up two accounts, one US and one non-US, and then > just transfer funds between them? It would be more work than setting up > a single account but would eliminate a single point of failure risk. Our U.S. bank has been great to work with, and we'll probably keep some limited funding with them indefinitely. One drawback of that bank is that they are unable to accept inbound Swift transactions. It's the non-U.S. bank account that has been the challenge. It took me awhile to figure out that FATCA was a fatal impediment to having any involvement by U.S. citizens (e.g. me), but that's not essential. We've switched our strategy to having no "U.S. person" involvement in our non-U.S. corporate entities, but still haven't been able to find a bank that will have us as a customer. Given our difficulties to date, and the experience with apparently successfully opening an account only to have that bank abruptly close it a week later, I definitely would like to have more than one non-U.S. account. At present the OpenSSL entities have multiple U.S. bank accounts; managing multiple existing accounts isn't the problem. -Steve M. -- Steve Marquess OpenSSL Validation Services, Inc. 1829 Mount Ephraim Road Adamstown, MD 21710 USA +1 877 673 6775 s/b +1 301 874 2571 direct marquess at openssl.com gpg/pgp key: http://openssl.com/docs/0x6D1892F5.asc
