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Originally Posted by CoachKandSportsguy
So what firm would you use to buy the CD? and for the foreign country market access and transaction, you might have to pay to a hefty commission. I have purchased intl equities through Fidelity, and the commission was hefty, fortunately it was a big percentage return. Not familiar with the intl purchase of CDs. . .
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I really don't know. I was interested in CDs in Ecuador because I have an address in the country and could deal directly with the bank. Foreigners can open bank accounts in Ecuador. One of the requirements being that you have a residence,
usually. Some institutions are more lienient and the requirements may vary. They might adjust their requirements with letters of credit or with minimum deposits. I decided to do nothing.
For what it is worth, Citi Bank has a branch in Quito, Ecuador and Banco Pichincha has a branch in Coral Gables, Florida.