Originally Posted by RandyRandy

That's why people are renouncing US citizenship in record numbers.

I use one bank in Singapore, to cash checks and move money around. I keep the balance around US$5,000. The rest is cash - and you gotta love those SG$10,000 bills = to US$8,000. Makes it so easy to move and store cash. Prepaid debit cards for any US transactions I need - which are getting smaller and smaller.

Of course, living in Malaysia makes this easy.

But anyone who needs to hide serious cash from the IRS should have the wherewithal to not use banks for large amounts. I mean, why? Security? Ever since Cyprus, I know how secure bank accounts are. Interest? Do banks even give interest anymore? Hell, the European Central Bank now offers NEGATIVE INTEREST RATES!!! Yep, they CHARGE you for deposits.

Fuck the banks and fuck the IRS.