Could Your Business be Successful Without a Bank Account?

by Evil HR Lady on May 2, 2017

Two weekends ago, I had the opportunity to visit Normandy, France. This is where D-Day occurred on June 4, 1944, when the Allied Forces, including 73,000 Americans came to fight the Germans and bring freedom back to France. In other words, this is where Americans (and others) sacrificed their lives in great numbers in order to make the world better for France, and eventually the rest of Europe.

I was there with the Boy Scouts of America, as a Cub Scout mom. Why do I talk about this? Because I overheard a conversation between our Cub Scout Pack Leader and a woman who had volunteered to take over the role of pack secretary. It went something like this:

Pack Leader: Thank you so much for volunteering!

New secretary: I’m happy to. I used to do this in our scouting group in England.

Pack Leader: The best thing about you is that you’re not American so you can be a signatory on the bank account. The bank doesn’t allow any Americans to be on the pack bank account.

Think about this: The Boy Scouts of America can’t have any American passport holders listed on the bank account. Sounds pretty ridiculous, doesn’t it? It is until you understand that I live in Switzerland and our Boy Scout/Cub Scout troop is an international troop here.

To keep reading, click here: Could Your Business be Successful Without a Bank Account?

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