Hi,
Does anyone knows any financial tools/application/account that allows you to generate multiple credit/debit details from multiple countries?
Use cases would be, Apple iTunes USA only accept card details issued to USA. Or, iTunes Italy only accept card details issued to Italy.
Please share if you know something that can fulfil the similar use case above.
Are you suggesting creating multiple foreign accounts with HSBC to get those cards? Or a single HSBC Everyday Global account would let us create multiple cards? Thanks
You need to create multiple foreign accounts with them directly. But note they're NOT "foreign accounts" technically but actual local accounts in those countries where HSBC operate.
It's pretty easy to do, fill in a form in branch and show ID, they mail you cards in a week or two.
I checked their website (at this link: https://www.hsbc.com.au/international/overseas-account-openi… ) and their requirements appear to be quite hard to meet. Is there some alternate type of account with less difficult requirements ?
For a USD account the website says I would need an account balance of USD75,000 or monthly direct deposits of USD5,000 or a US residential mortgage loan of USD500,000.
For a GBP account the website says I would need some "valid reason to open an account in the United Kingdom".
Gift cards, can buy Apple US gift cards with a standard Australian credit card (can also buy Italian gift cards) ;)
Thanks for this suggestion. Also seeking ideas to fulfil similar situation outside iTunes. Cheers
Why would an Australian bank be "generating" card details from another country?
No expectations for Australian bank to issue card details from another country but seeking for other tools/ways if any
What exactly is the end game here? What are you wishing to achieve?
I want to have an account for me to be able to generate/request either virtual or physical card for me to use for purchasing subscription. This is due to some companies they don’t accept card details that is not issued locally. Hence, 1 account and can generate multiple cards details from different countries would be best.
So just get cheap Turkey/Argentina/Phillipines/India prices on your subscriptions? Or do you have a connection to any of these countries that you need to buy items only for sale to locals?
If its the former there's heaps of advice about using VPN and the likes to get things to work. International banking is complicated and each countryhas strict money laundering requirements so there's not going to be a service that lets you click a couple of buttons and have a local credit card when you have no relationship with that country.
If its a couple of countries HSBC will allow you to open local accounts but you need to have a reason and have Premier status (deposit $9000 per month in Australia or have a home loan with them).
HSBC has a facility to create local accounts and cards in different countries without being based there. Otherwise, Paypal may work.