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they would have to pay cash for the property because canada wont give them a mortgage and i doubt us banks will mortgage a house in canada.
howardmoon wrote:Yeah could be. But China is known as a hotbed for fraud, along with Russia, Eastern Eruope, Nigeria, etc. That’s not to cast aspersions upon any legitimate affiliate from those areas, just a fact – their economic situation tends to encourage large scale fraud (like gangs hiring Chinese workers for $1/hour to send spam, or to play blackjack bonuses all day long, hence why China is banned from most casino bonuses)I’m going to object to the use of the word “fraud”. Certainly it cannot be compared with Nigerian scams, Russian DDOS attacks, or anything of the sort.
In China – and India – and the Philippines, and Indonesia, and Vietnam… heck, you might as well lump in more than half of Asia – these people click on links, do CPA deals, etc. because they believe them to be legitimate ways of making money. Yes, there are “leaders” who tell them that everything is fine.
With the clicks – well, I’ll accept that as “fraud”. I definitely agree that click-throughs from Asia are mostly useless. But when it comes to CPA or bonus deals, if the casino offers them, the casino should bear the consequences providing that the players/affiliates meet the terms and conditions. That definitely does not constitute fraud, in the same manner that a player who meets the T&Cs exactly should be considered a hunter and not an abuser/fraudster.
This is probably one of the reasons why some online firms will not pay commissions to China. So you definitely could be right.
But a casino that sets themselves up for something like this basically should have done the smart thing instead and talk to a consultant who knows the market. Unfortunately, even casino operators, with their pockets bulging, still have a tendency to cut corners – and sometimes it costs them dearly.
I agree that casinos are some of the most knee-jerk of businesses, and they often cut off their nose to spite their face. Like the whole Denmark debacle – I’m sure at the time it was prudent, but several years later I very much doubt Denmark is still a hotbed of bonus abusing. But they’re still banned because the casinos have a tendency to overreact.
Anyway I’m not sure we’re debating the same things – I’m just saying that a lot of spam and fraud occurs in/from China (and the other areas I mentioned), a disproportionately large amount compared to the number of people online there.
I agree that that doesn’t mean that all affiliates from those areas are crooks, far from it, and that affiliate programs are being blinkered if they think they should just ban the whole area rather than try to sort the good from the bad.
It is not true that you have to be canadian to open a bank account in canada. You need not even be resident. I opened a personal account before i had a work permit or even a place to live in. you request to open a non-resident account, bring your passport and your US drivers license and don’t go to royal bank, they want $5000 minimum to open an account.
Americans can also register a corporation in canada and get a corporate bank account. In Ontario, you must have at least a 2 person board, with at least 1 of the directors one being resident in ontario and that board member need not own a share of the corporation.
You’ll probably do best in a border city like niagara, windsor, Sarnia or near the washington/BC border, when looking for attornies, accountants and bankers who do this regularly.
One note, they’ll make you wait 6 business business weeks (that’s 6 calendar weeks) to clear your checks from outside canada until you’ve established some sort of “credit/banking record” there.
Fred how many years ago was that? I dont drive and wanted to open new bank account in October , bank of montreal would not do it because my passport was expired and i didnt have a drivers license .i was there with a utility bills , my OHIP (HEALTH CARD with picture ) AND MY EXPIRED PASSPORT but they would not allow me to open it .
I did find this so if a bank has branches in usa and canada that may work
http://www.citibank.com/canada/citibankcanada/english/faq.htmi am not sure what these forms are they are asking
For non-residents of Canada, you must:
Submit a signed application
Identification — Photocopy two pieces of identification of which one is a picture ID.
Bank reference letter from your current Financial Institution
W-9 or W8BEN (U.S. person only)
Copy of Social Security Number card (U.S. person only)
All documentation (i.e. application form, copies of identification etc.) must be authenticated by a Citigroup employee.
To locate a branch in your area click here or call the CitiPhone® Banking Centre to locate a convenient Citigroup location.i did this about 3-3.5 years ago. Again, in a border city(or branch near university) they’re more likely to be used to seeing a lot of folks. People should call the branch they want to visit, discuss opening the account and make an appointment.
A non-resident would need 2 pieces of photo id and they’ll need your SSN too, so it’s not like a swiss account, where your identity will be protected.
HSBC has a license and some branches in Canada, i would think they, as a major international bank, are more familiar with dealing with non-residents.
Based on currency exchange fees, I recommend TD Canada Trust. My first bank and main bank is still CIBC. The Royal bank seemed to have the highest fees.
The problem now is banks are required to report all deposits over $10,000 on personal bank accounts or any ‘suspicious’ activity. when my bank account was closed the bank manager confronted me with 5 months of bank activity showing my wires in and the email money transfers .In 5 months my total deposits were only $68,000 but they knew they were from Casinos .
So far TD Canada trust has been ok but i am not putting more than 5000 in my personal bank acct ,they are mostly checks from ibingo which pays from ontario canada.They think i have business dealings with them
the $10,000 reporting has been in effect for years. It was the first money laundering counter measure.
Your banker by law needs to “know their customer”, so you have to demonstrate that you are engaging in a legal activity. I told my bankers what i did for a living, so there were no surprises. I’ve even had to explain where i get my money to the “GST lady” and so far so good. BUT…the world is different the last 6 months. I also don’t solicit business in Canada.
