Comments by "Hari Sadu" (@harisadu8998) on "Worst Places to Bank Offshore (My Real Experiences)" video.

You can still bank in Hong Kong but the thing is that they don't want you to be American and they don't want you to deposit some small amount that causes them trouble. They want you to deposit at least over $125K to take you seriously. Otherwise, they want you to be a resident.
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@huwhitecavebeast1972 No lol. You clearly haven't watched this channel much. If you are an American, the US government forces overseas banks to keep reporting your accounts and how much the accounts have in assets to them. This is because of FATCA. This is a compliance nightmare so instead the banks just prefer not to have US clients.
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@adsupermusone8875 It's not a rule but generally speaking, banks aren't super keen on taking small accounts from overseas because they just don't see the benefit to them. If you're American, no one wants to open your account in Hong Kong except for Citibank.
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@saifalarabi4491 For personal accounts it is not that common for something like this to happen. It's smooth to use and as long as there aren't too many weird transactions. Things differ if you're American. Overseas banks just don't like Americans.
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@saifalarabi4491 If you have an account there in good standing and you talk to your relationship manager, they will be happy because the bigger the account, the less they will want to close the account.
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@elzoog I don't understand your question.
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@elzoog Chinese exchange controls may prevent that if it is in mainland China.
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