open international bank account

"International bank rankings" are important because it's critical to have a reliable financial company when you are traveling.

What's the best IB financial institution? Here is a review of one of the top ones on the planet...

HSBC

This is famous for being one of the top "global" banks. They have many locations around the world... and they derive their income almost equally from North America, Asia and Europe.

They have locations in 86 different nations to be exact--they are probably the BIGGEST international bank. But they are most prominent online-they don't have a lot of physical locations in any part of the world.

Positives

#1) Around-the-clock money management

You can manage your account no matter what time zone you are in. You can also transfer money from country to country and currency to currency without hassle-very important or travelers.

#2) HIGH interest rate

No matter what currency you are in, the interest rate is applied BEFORE tax--always something to look for "international bank ratings".

Also, since they have very few physical locations they have a low overhead... which is why they consistently have one of the highest interest rates around.

#3) $1 accounts

It costs just a buck to open an account and NOTHING thereafter. This is hard to beat.

Negatives

#1) Customer service

Let's just say they don't have the friendliest employees-but assuming you plan on doing most of your money-management online, this shouldn't be an issue. Just avoid the phone as much as possible.

#2) Lack of branches

This works out for your advantage in terms of interest rates... but if you ever need to get some cash out it's quite a hassle.

The bottom line--HSBC is one of the best international banks around. For more bank ratings check out http://www.onlinebankratings.com.

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