High-net-worth individuals often turn to same national banks that the rest of us use to meet our banking needs. Behemoths such as Bank of America, Chase and Wells Fargo are all popular choices for the ultra-wealthy.
Do billionaires use banks?
Bank of America, Citibank, Union Bank, and HSBC, among others, have created accounts that come with special perquisites for the ultra-rich, such as personal bankers, waived fees, and the option of placing trades.
Which bank is best for high-net-worth individuals?
Citibank Named Best Bank for High-Net-Worth Families by Kiplingers for Fifth Straight Year.
Is it possible to never pay taxes?
Tax evasion, where you deliberately fail to pay a portion or all of your taxes, is illegal. File your annual tax returns even if you cant afford it or dont think you owe taxes, to avoid trouble. Tax evasion can result in fines and expensive interest on the amount you owe.