Privacy Crisis Banking secrecy and financial privacy plan

Protecting privacy is essential for freedom lovers and no aspect of privacy is more important than financial privacy and banking privacy.

My new book, Privacy Crisis Banking provides New financial privacy and banking secrecy information for those interested in exercising their right to financial privacy.

from Grant Hall’s Privacy Crisis Banking

Available as an e-book or Hardcover eition at:


from Chapter 5


 Chapter 5: Check Cashing Stores



The check cashing service establishments and a few other
businesses issue reloadable debit cards that function as a regular debit card
and have features similar to a commercial bank account, while offering more
privacy and convenience.

The reason many who live beneath the radar gravitate toward
these types of accounts is because the institutions that issue them do not
usually have requirements as stringent as the brick and mortar commercial
banks—even though the institutions behind these reloadable debit cards are in
fact banks. Also, the bank account/debit card account is normally not
discovered in asset searches for several reasons: It is considered a debit card issued by a financial services company,
not a bank. However, the account has a Federal Deposit Insurance Corporation
(FDIC) policy attached to it, so in theory, at least, the account is a real bank account. But a private
investigator or other asset searcher would be hard-pressed and would
necessarily expend large amounts of time, effort, and money to locate such a
bank account.

Why? During my extensive research on this subject, I
discovered the process of debit card issuance, account service administration,
and financial account recording by the bank to go like this: First, the check
cashing company or check cashing store is the agent for the financial services
company that issues the card. Account holder information is verified by the
financial services company, and the card is mailed to the customer. A bank’s
name, the sponsor, will be on the card itself, and the
account will be FDIC insured.

Are the funds actually held at the bank itself in the
individual’s name on the card? Yes and no. While the bank stands behind the
accounts with their FDIC insurance policy as a safety net in case of
insolvency, the actual account is not in the same database as checking and
savings accounts opened by customers who walk in and open an account with the
bank—when such services are available, that is. Therefore, since the bank
standing behind the issuer of the debit card does not have an account on their
books of the debit card account holder, the individual may in fact be able to
practice a high level of bank privacy with this type of bank account.

Also, it is common for the sponsor bank to be in another
state far away from where the card was purchased by the customer at the check
cashing store. Essentially, the financial privacy-seeking customer has two
built-in advantages to using a debit card as a bank account, in addition to the
aforementioned “cash and carry” advantage and the furnishing of less
privacy-invasive personal and business information than required by a
commercial bank—distance of the sponsoring bank and the non-traditional nature
of the account itself.


                               Excerpts from
Chapter 8

8: Offshore and Domestic Banking: Considerations and Preparation


Considering the aforementioned business
seizure case of the NORFED Corporation—and others that can be discovered
through Internet searches and that have occurred to both businesses and
individuals—what defensive strategy must be put in place by a business manager
in charge of the company assets or a controller of a high-net-worth
individual’s assets, in order to withstand seizure attempts by government,
court orders, or others? And which structure is best—an offshore asset
protection structure, or a domestic plan with the foundational bank account
being what I have coined the Ultimate
Bank Secrecy Account.

 Let us draw comparisons
between two such accounts for illustration purposes, while utilizing known
foreign and domestic banking resources, as described and listed in this book.

The resources provided have been used to
set up bank secrecy accounts for individuals and businesses. Verification that
the resources have been used for individuals and business entities, as
described in this comparison, has been made prior to this book going to print.



Hypothetical theory-laden ideas
concerning something as important as money and banking secrecy are not
productive. Let’s deal with specifics, in this comparison of foreign banking
with U.S. banking resources, as far as bank secrecy is concerned.

Foreign banks listed in this book as
resources for bank secrecy will want all the information mentioned in the
sub-chapter heading of Offshore Bank
Account Requirements,
as described earlier in this chapter. The fact that
these references are required and have to go through various communication
channels to reach the bank account representative results in some losses of
personal and/or business privacy. You never know how many law clerks, legal
assistants, bankers, brokers, or other office personnel store your contact
information with a foreign bank, as you innocently try to gather references as
account opening requirements. Add possible e-mail, fax, and telephone
communication to the mix, and you have a strong potential likelihood of having
your most important personal and confidential data being intercepted by some
bystanders at home, not to mention the customs guys who inspect your
courier-generated package full of notarized passport copies or your application
for that foreign “secret account,” and you’re sure to be discovered and
possibly marked as a “person of interest” even before you step into the batter’s box. Of course, you can thwart
the efforts of all this discovery by traveling to that foreign land with
paperwork in hand and hope you have it right, when you finally arrive. Either
way, opening a current account—a bank account for a business or for personal
use—is not such a huge deal, once you learn what you are up against, and I have
provided foreign bank resources that will serve your needs.

Remember that a current account for
business purposes or personal use is best handled under another entity name. An
LLC based in Nevada or Nevis will work fine for business purposes, although the
Nevis LLC may present obstacles for doing business in the states, in certain
business circumstances. A multitude of other choices are available, as well.
Base your entity decisions on your business requirements and seek advice from
counsel or your accountant. Concerning a personal account, using one’s true
name is not advisable. An offshore trustee for the Offshore Asset Protection
Trust can work, in conjunction with your trustee at home, to coordinate the
opening of a bank account, when you are already a client of Southpac or other
company that forms asset protection trusts. In any case, such a relationship
will provide you with the shields to make a high-level bank secrecy plan

Investments can be kept in a variety of
offshore entities, or a Nevada Limited Partnership can be used, while the
offshore asset protection trust owns the partnership. Investments are a
separate subject, and this comparison is for only the business or personal
current bank account, with bank secrecy as a primary objective.

Clearly, with private entity
registration—either in Nevada, as I describe in Privacy Crisis, or offshore, using a registration company to
register foreign trusts or LLCs—the business manager or individual desiring
banking privacy can accomplish this objective. Maintaining the secrecy will be
difficult to impractical. And what is so special about an offshore bank
account, anyhow? You can accomplish bank secrecy using the methods described
next, and with the resources provided in this book. In addition, the
institutions are more practical to use and just as secret as the foreign
institutions today, and the exceptions, are for the traveling business man or
lady who spends a reasonable amount of time offshore. Then an offshore current
account may be advantageous and most convenient.



Bank secrecy with a domestic bank, equal
to any foreign bank account secrecy, is available today, when the account is set up correctly using the resources in this book. I
call this type of account the Ultimate
Bank Secrecy Account.
This account is not understood by those proclaiming
to have financial privacy expertise, because it is dependent on human
variables, in part, though not entirely. And this type of account is not
absolute, its conditions varying from institution to institution and from
manager to manager. However, I have adequate testing completed on this type of
account, and while each institutional manager may not meet a privacy advocate’s
highest privacy requirements, some have and do. This domestic account is
providing customers with bank secrecy, with substantial bank features and
advantages not available to foreigners who bank offshore, not to mention the
greater convenience of managing the account completely online, without a messy paper trail of bank
statements or other common commercial banking records.

With prepaid debit cards bearing the
Visa or MasterCard logo sold by check cashing stores (see Chapter 5), a bank
account for individuals or businesses can be established, and banking privacy
can be accomplished.

Certain managers of businesses have purchased
the card from institutions referenced in this book and used the online bank
account tied to the card for business purposes. The card has been held in the
name of individuals and/or business names, at the discretion of the store
manager selling the card. If you want this card for business purposes, please
be candid with the store manager or regional manager about your business needs,
and perhaps he/she can accommodate your business. Substitute numbers have been
used in lieu of the Social Security Number and Employer Identification Number.

Regardless of whether the account is for
personal or business use, the account—which becomes an online personal bank
account or a business account—can be an untraceable account, when it is set up
properly. In-depth communication and research has been completed on this
account. Certain stores may be unaware of the flexibility of the higher-level
management of their own company or the financial institutions managing the bank
accounts for the sponsor banks. But recognize that your job is to find
management who wants your business and has the respect to provide the banking
services you require individually or as a manager of the business account you
set up with the institution.

Further, store managers at institutions
referenced in this book have guaranteed that these accounts can be opened
without any tax identifier whatsoever—a huge privacy advantage by itself. More
than one store manager voluntarily advised me that the Ultimate Bank Secrecy Account would withstand bank database
searches, due to its being inside the financial walls of the financial services
company structure or nestled deep within the corporate account database,
depending on the company. And in either case, these types of accounts are not held on the banking books of
commercial banks as customer accounts—business or personal—and will surely
withstand private investigator database searches, especially when the privately
registered business name is used to open the account —and the account is
maintained under this fictitious name without
Social Security numbers, employer identification numbers, home addresses,
mothers’ maiden names, and the like—common commercial banking data used as