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Banking Matters More to Wealth Preservation Than Most Investors Realise - Article by Viktoria Soltesz at The Luxury Playbook

  • 24 hours ago
  • 1 min read

Investors can find the best ROI on the market and still struggle to access their own money later.


Banks are getting stricter and can easily block funds when they are unhappy with any answer about where the money originally came from, which accounts it passed through, or which documents prove the full story. Even a completely legal transaction can face delays or rejection if the bank cannot clearly understand any part of the funds journey.

More and more international investors realise that the best deals do not only depend on the asset, the growth, the taxes, but also on how the money will actually move back to their own account with the returns through the complex global banking system.


In the latest article for The Luxury Playbook, Viktoria Soltesz explains why planning the route of the money, understanding global banking compliance, keeping complete source of funds records and understanding deposit protection should form part of wealth planning from the beginning.


You will read about:

  • Investment returns are only useful if the banking system can receive, document and transfer the money when required.

  • A legally valid transaction is not automatically bankable.

  • Banks may decline funds when the ownership structure, payment route or source of funds is difficult to evidence.

  • Cross border transfers can involve payment providers, correspondent banks, custodians and receiving banks, each applying separate controls.

  • Deposit protection is limited and normally applies per eligible depositor and authorised institution, not simply to every account or brand.

  • Legal, tax and banking planning should be coordinated before a major investment, sale, inheritance or relocation takes place.

...and more!


 
 
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