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Mail forwarding = frozen bank account.

Marine Insurance/Health Insurance/Banking/Bill Paying/Taxes

Mail forwarding = frozen bank account.

by douglasoliver » Thu Dec 14, 2017 8:13 am

The day before leaving for a 5 month trip to the Bahamas I have been contacted by my investment advisor that my account has been frozen due to not having a physical address. I have been using St Brendons Isle for the past couple of years. With some on line research I found where this is a Patriot Act thing that went in to effect in 2016. Has anyone run into this and found a work around?
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Re: Mail forwarding = frozen bank account.

by Scott Berg » Mon Dec 18, 2017 4:29 pm

not here; I'd hope your advisor would be much more proactive on your behalf. Many of us use SBI for our domicile as we cruise.
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Re: Mail forwarding = frozen bank account.

by danasims » Mon Jan 29, 2018 3:12 pm

Haven't run into this yet but expect it. Right now we're using our old address with a mail forward on it to a PO box. We haven't set sail yet - but plan to in the next month or so. For things like banks and credit cards we will likely change our address to a relative's and use their paperless option.
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