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Offshore Banking & Offshore Accounts - US

Find Out About Offshore Bank Accounts.  Information & Advice on Offshore Banking.  Find Out If You Qualify For An Offshore Account.

Offshore banking can present solutions to many of the issues facing people living and working abroad, providing a range of "hassle-free" products and services designed specially for them. With expats often needing to move their lives and their finances around the world, offshore banking can help to ease the transition to a new country, company, culture and financial system.

 

No matter where in the world customers are located, offshore banking can offer a global service that is always close at hand. Instant access and availability are important to people living and working abroad, as you are constantly "on the move". Account information needs to be accessible 24 hours a day, seven days a week. Automated telephone and internet banking services are pre-requisites together with a website offering a comprehensive range of product and service information plus financial and lifestyle tools.

 

If you are an Expat or constantly "on the move", there are a number of excellent offshore banking products especially designed for you.

There are a number of companies who offer free Information on Offshore Banking & Offshore Accounts. See if You Qualify For An Offshore Bank Account.


Disadvantages of Offshore Banking

  • Few offshore jurisdictions have depositor compensation schemes, to bail out depositors in the event that a bank becomes insolvent.
  • Offshore banking has been associated with money laundering and organized crime. There is a risk of reputation being tarnished by association.
  • In addition, the advantages of offshore banking may come at a high cost as the returns on some offshore banking accounts may be substantially below those of normal bank accounts.
  • The fees and minimum deposits required to open and operate accounts at some offshore banks can make them inaccessible to the general public.
  • Offshore jurisdictions are often remote so physical access and access to information can be difficult.

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