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I spent a year traveling in SE Asia circa 2012 and I didn’t have any problems with my bank account. n=1 and all that, and I didn’t have income coming from outsi
by nanidin 3y ago
I spent a year traveling in SE Asia circa 2012 and I didn’t have any problems with my bank account. n=1 and all that, and I didn’t have income coming from outside of the US, but I had countless ATM withdrawals and credit card spends.
The only time a compliance officer has been in touch with me was when I was moving money to crypto exchanges.
- junofan 3y agoI did something similar and my banker told me to knock it off.
- Ridj48dhsnsh 3y agoWhat exactly did they tell you? I've been doing it for the last 7 years without any problems.
- nanidin 3y agoThe compliance officer was following up with me I think because it looked like I was doing structured transactions, back when crypto exchange max ACH was $500/day. I did some explanation of crypto and he was like “so it’s for investment?” and that was it.
- Klonoar 3y agoThe big factor is whether you change your address or not. Keep your US address on there and VPN (though frankly I’ve never needed to for anything other than Charles Schwab) and you often glide through unnoticed.
- nanidin 3y agoAhh, good point I was running my own VPN with all traffic coming through Dallas for financial stuff.
- csomar 3y ago2023 is very different to 2012. I remember back in the day you can open a paypal account with only an email and receive/send money with it. No kyc required.
- jryle70 3y agoI traveled to SEA extensively in 2022 and 2023. Never had any problems with using ATM to withdraw money. The only problem was with using Amex card.
- JCharante 3y agoProblem because it's not supported or problem due to fraud prevention by amex? I've travelled a lot and never had issues with amex or chase (once I used my chase credit card for the first time in over a year on the opposite side of the world and the transaction was instantly approved).
- csomar 3y agoIt depends on the bank, your profile, your visa/mastercard credit card type, the volume you are doing with the bank, etc… Amex are less accepted because they have a higher processing fee.
- resolutebat 3y agoSimply spending money can trigger anti-fraud measures, but those are usually easily sorted out with a call. What all the people profiled in the article have in common is that they were depositing money in "suspicious" ways.