As I wrote before in Part [#2], preparing documents for offshore bank in Russia is a bit frustrating excercise, but finally I have it done.
My account has been activated, my Internet Bank login and password were created. The Internet Bank looks a bit different from what I have seen in Russia.
Russian banks basically offer these services over the Internet:
- Account details, transaction logs
- Activate/block banking card, request a new card, open checking/savings accounts
- Payments to some service providers like utility, phone, Internet payments.
The Internet bank I’ve just logged into is somewhat different:
- It provides secure messaging (email-style) to contact your manager.
- It provides means for incoming and outgoing transfers
- Allows requesting cards in different currencies
- Allows opening multi-currency accounts (This is handy since transferring money is cheaper in USD, but you might want holding your funds in CAD/AUD/GBP/EUR/..)
- Gives access to brokerage services (trading securities via their brokerage services. Technically, the trading platform is provided by some certain European investment bank)
- Allows opening precious metals accounts (physical metal trading, stored in Australian Perth Mint vaults)
- Miscellaneous reporting
However, at this point, the account doesn’t allow outgoing transfers until I provide physical documents to the Bank. Sending them today via DHL.
Not a cheap mail message, but it is only 25% more expensive then sending Express Mail to the US (~5000 RUB).