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Debit Card to receive Bank Wire

Discussion in 'Business & Tax Advice' started by dadecotti, Mar 13, 2011.

  1. dadecotti

    dadecotti Power Member

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    Hello

    is there any debit card that can be used to receive bank wire from america?
    So it must have IBAN + SWIFT CODE

    thank you
     
  2. bryanon

    bryanon Executive VIP Premium Member

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    First off - debit cards (or any cards for that matter) don't have an IBAN.

    IBAN (short of International Bank Account Number) is just that - bank account number. SWIFT number is an identifier of a bank, and something that the vast majority of (legal) banks have.

    Based on the above, what you need is a bank account with the capability of ordering a debit card that is connected to this account. Good news is that most major banks provide this and your best bet is to walk in to any branch of any of your local banks, open an account and order a card. Takes not more than 2 visits to the bank (one to open the account and one to pick up your card) and timespan is typically less than a week. Simple as :)

    That said, if for any reason you're after a bank account that's NOT in your country of residence, you have a few options - though not so easy ones. What you need to do is contact an offshore bank and tell them that you want to open an account. Banks in Cyprus are a good bet as even though a tax haven, it's a EU country and thus has to abide by the EU banking laws which protect your assets. Alternatively, you can look towards Seychelles (Barclay's and a few others), Hong Kong (HSBC but they require you to fly over), Latvia (Rietumu bank is the only one catering towards foreigners), Panama and other well known offshore jurisdictions.

    However, if you do take the offshore route then be prepared to present the bank with a notarised copy of your passport and address proof (unless you want to fly over), as well as a recommendation letter from your current bank (and no, there's virtually no way to get around this requirement) and fairly thorough history of yourself, including in some cases a CV and a few professional and personal recommendations.

    Good luck!
     
    • Thanks Thanks x 1
  3. jaswilli77

    jaswilli77 Newbie

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    that true debit card can not...but netspend offer bank account with there debit card
     
  4. overrisk99

    overrisk99 Newbie

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    netspend : only us
     
  5. barnone100

    barnone100 Newbie

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    If you can't open a bank account in your home country, you can have money sent to you via Paypal. Then order a Paypal debit card and use it to withdraw the money from an ATM.
     
  6. Kiopa_Matt

    Kiopa_Matt Registered Member

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    You need to open a bank account somewhere in Europe to get the IBAN#. From there, get a debit card issued on that bank account, and you're good to go!
     
  7. closedCaption

    closedCaption Regular Member

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    Payoneer virtual bank account
    Payweb debit card + bank account in Caribbean

    start from those.