A Global Account with Just an Indian Passport
For decades, opening an international bank account meant wrestling with an exhaustive list of requirements—foreign visa, tax documentation, compliance paperwork, and maintaining a high minimum balance. These barriers effectively locked out most individuals from accessing global financial services.
Stockal has completely disrupted this outdated model, making global banking accessible with just your local passport. This breakthrough approach eliminates the traditional hurdles that prevented average consumers from participating in international finance.
How is this possible? Stockal has partnered with regulated financial institutions across multiple jurisdictions and developed a streamlined compliance process that satisfies regulatory requirements while drastically simplifying the customer experience. This allows them to verify your identity using just your local passport while handling the complex regulatory requirements behind the scenes.
Breaking Barriers, Unlocking Opportunities
The process has been streamlined to its core:
- No foreign visa necessary – You don’t need to have traveled or lived abroad
- No SSN required – Unlike most US financial services that demand a Social Security Number
- No hidden fees or opening charges – Complete transparency in all costs
- No minimum balance required – Start with whatever amount works for your financial situation
This frictionless approach opens up access to global financial markets, empowering individuals worldwide to transact, save, and invest in multiple currencies without the usual headaches.
Why the Borderless Multi-Currency Account is a Game-Changer
- Effortless Global Transactions – Say goodbye to exorbitant currency conversion fees and execute cross-border payments seamlessly, without a minimum balance requirement. Save up to 70% on foreign exchange costs compared to traditional banks.
- Diversified Investment Opportunities – Gain exposure to international markets and transfer assets across 6 currencies. Invest in US stocks, European bonds, or Asian markets directly from your multi-currency account without complex banking arrangements.
- Save in Foreign Currencies – Capitalize on the appreciation of foreign currencies and hedge against local currency depreciation. This provides both protection and potential growth for your savings beyond what domestic accounts can offer.
- Regulatory Compliance, Handled for You – Stockal ensures adherence to stringent financial regulations across jurisdictions, including SEBI, the Cayman Islands Monetary Authority, and IFSCA, without requiring you to understand complex international finance laws.
- Unparalleled Convenience – No matter where you are—India, Singapore, or beyond—you can transfer your funds effortlessly, all from one account. Manage your global financial life from a single dashboard.
How to Open Your Multi-Currency Account in Minutes
It’s as easy as:
- Register Online – Sign up in minutes with your local passport through Stockal’s web platform or mobile app.
- Verify Your Identity – Complete a quick and seamless KYC process, free from unnecessary paperwork. Most verifications are completed instantly.
- Start Transacting Globally – Once verified, enjoy instant access to international financial markets, fund transfers, and currency management at your fingertips.
Final Thoughts: The Future of Banking is Here
The days of navigating bureaucratic hurdles to open an international bank account are over. Stockal has revolutionized global banking, making multi-currency accounts accessible to everyone. Whether you’re looking to simplify financial transactions, invest internationally, or embrace financial freedom, the opportunity is here—clear, convenient, and ready to transform the way you manage money globally.
The question is no longer “Can I open a global account?” It’s “Why haven’t I?”
Take control of your financial future: open your multi-currency bank account with Stockal today.
Common Questions About Stockal’s Multi-Currency Account
Is this really a bank account? How is it different?
Stockal’s multi-currency account functions like a bank account but offers expanded capabilities. It’s technically a financial services account that includes banking features plus investment capabilities across multiple currencies. Your funds are held securely with regulated financial institutions, giving you the same protection as traditional banking with added flexibility.
Which currencies can I hold in my account?
The account currently supports six major currencies: USD, EUR, GBP, SGD, AUD, CAD. This covers the world’s major financial markets and allows you to hold savings or make investments denominated in these currencies.
What about security? Is my money safe?
Absolutely. Stockal complies with stringent financial regulations across multiple jurisdictions, including SEBI, the Cayman Islands Monetary Authority, and IFSCA. Your funds are held in segregated accounts with regulated financial institutions, and all transactions are protected with bank-grade encryption.
Plus there is a SDIC Deposit Insurance Scheme for all partner banks in Singapore which insures deposited sums up to S$100,000
Are there any maintenance fees or hidden charges?
There are no account opening fees or minimum balance requirements. Stockal charges transparent fees only for specific services like currency conversion (at rates much lower than traditional banks) and international transfers. A detailed fee schedule is available before you sign up.
Can I transfer money internationally? How long does it take?
Yes, you can send and receive money internationally. Most transfers between major currencies are completed within 1-2 business days, significantly faster than traditional banking channels. The platform uses modern payment rails to ensure quick settlement times.
How do I access my money?
Your funds can be accessed through the Stockal app or web platform. You can transfer money to local bank accounts in supported countries, use it for investments on the Stockal platform, or convert between currencies as needed.
