/biz/ - Business & Finance

penis bank lol

>>24644336
There are some smaller private banks only taking people who have at least X amount of money.

>>24644336
Private Banking exists, but is generally reserved for families with +$10M liquid. Anything less than that is a waste of time/money for either party.

There's also "enhanced" retail banking (e.g. Chase Private Client) but it's not entirely clear what the actual benefits are if you are someone who is actively aware of, and involved in, the management of their own finances.

> 20k

Lmao, anon you have to think bigger

Deutsche Bank

>>24644336
private client banking or they use a wealth management firm as a front end to banking services.

>>24645301

What options are there for people with between 8M and 2M liquid that dont want to be treated like cattle?

>>24644423
Peeenis weeenis haha

>>24645392
>thinking 8mil makes him not cattle to the ruling class.
Nigga you could have 100m and still be cattle. I’m an account manager at a corporate bank and have dealt with you tubers and nfl players all with more money than you.

>>24645392
Crypto

>>24644336
why he throw the rock bros?

>eurofag temporarily in USA USA USA
>go to back to cash a cheque(retarted anyway)
>place filled with people(mostly brown) cashing their weekly salary(also retarted)
>literal USED bullets on the parking lot

fuck american banks

>>24645392

what benefits are you looking for?

aside from advisory on tax strategies, you're only going to marginal benefits from an enhanced retail banking experience. even then, you could supplant that with a CPA and/or a *real* Financial Advisor. Not some fuck who works for Edward Jones, etc those people are literally just salesmen who actually dont know what their doing.

t. work for major fund manager

>>24645556
sirs pls answer my question

>>24645645
you sound like a drone reciting all that

>>24645589
It’s either brown people in America or crazy gangrene homeless druggies in Europe. Do we get any rest from these heathens?

>>24645332
The bad experience I had today WAS with Deutsche Bank

>>24645301
Well today I wanted to transfer 100k and of course they raised an eyebrow. I went into s branch to do it there in order to bypass any security phone calls that might come if I do it online, only for the people in the bank to have no idea. Ended up doing it online in 2 parts, called online banking to check that it's ok, and they said someone might call me for a security check. Either way it was hardly easy. Can't imagine what's going to happen when I want to shift around 7 figs, hence the question. So far Citi Bank has been the best experience

>>24644336
Some of the oldest banks in the world are small private banks that only deal with rich clients. You just got to shop around to know which bank is best for you.

>>24645301
the 20k is referring to security checks banks do if you transfer more than that amount

>>24645806
transfers/deposits/wires of certain amounts always trigger some level of due diligence for AML/KYC, this if federally mandated so you're not going to get away from it with any banking experience.

that said, some are definitely going have more seamless solutions to do so

>>24646203
I get that, it's just retail banks seem totally unprepared for bigger transfers. It's such a hassle when it really shouldn't be, which is why there must be other banks that make it easier and more efficient. It also pisses me off that it takes DAYS to send money somewhere. I'm really done with banks I'm going to shift totally to crypto and keep shit in usdc

>>24644336
why are monkes so based, bros?

>>24645556
Because he flipped him off

>>24646623
but he was just trying to protec face because he knows the other monke is a bully

>>24646574

>>24646397
Kraken is getting into the banking sector game next year, imagine having crypto and a regular checking account rolled into one.

>>24646397
It will take days to transfer any large amount of money because banks usually use your money as collateral for their investments. They have to untie that money first to transfer it. But like you have been told, private banks that deal with personal wealth/asset management are much more used to dealing with wealthy clients. Many retail banks also have a small private arm for dealing with rich clients, so ask your bank manager.

Or you can go somewhere in-between and get the premium accounts from retail banks.
https://www.thisismoney.co.uk/money/saving/article-6497079/Best-premium-bank-accounts-wealthy.html

>>24646801
I can't wait. Kraken is great exchange.

>>24644336
In the UK it would be older banks like Coutts, Hoares and Arbuthnot Latham. Why do you ask?