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Choosing a Currency for Your Offshore Bank Account


Unlike domestic accounts, offshore bank accounts offer an option of which currency to hold the account in. This can be a highly valuable feature of an offshore account, since it offers the ability to hold funds in a different currency if one's domestic currency is unstable or expected to depreciate.


It is important to understand the consequences of holding your account in different currencies. For example, holding funds in certain currencies may allow you to earn interest on your deposits, but this can also result in foreign tax liability. In addition, you may need to exchange currencies to make deposits and withdrawals, which could be a significant expense depending on the fee structure and exchange rates offered.

Depositing to an Offshore Bank Account

 

Offshore bank accounts are most often funded electronically through international wire transfers. Unfortunately, the systems that enable free electronic transfers common in domestic banking are typically not able to transfer money internationally.

Sending a wire transfer is a simple operation, but almost all banks charge international wire transfer fees to send or receive funds. Pricing for wire transfers varies from bank to bank, so be sure to look for deals. Unfortunately there are few good alternatives. Domestic checks are generally not accepted in foreign jurisdictions, and personally carrying funds is impractical.

Withdrawing from an Offshore Bank Account

 

Offshore banks offer a variety of ways to withdraw funds in order to maximize the convenience of using their services. Many offshore banks issue a normal debit/ATM card that allows you to easily access your funds worldwide. You will want to look into the fees for using this method, since international ATM fees can be expensive. Withdrawing larger amounts of cash at one time may help to minimize these fees.

Some offshore banks offer checks. However, this is usually not a preferred method of withdrawing funds. Primarily, this is because confidentiality is often desired in offshore accounts. Problems may also arise since checks drawn on foreign accounts are not always accepted.

The best option may be to use two accounts: one offshore, one domestic. In this way, electronic wire transfers can be used to transfer larger amounts of offshore funds to a domestic account where they can be easily accessed. This method offers greater privacy and security, while also giving the convenience of local banking services.

 

Payment options:

You can pay using your credit card (Visa, Mastercard, Amex, Discover, Diner's, JSB) or e-check.

 

We use same credit card processor as sister company: www.swissbankingaccounts.com  S.B.A.Com Consulting Tailored Offshore Solutions

 

WESTERN UNION:

PayPal:

If you prefer pay by paypal, western union or Ukash send an email at to receive instructions

 

Once the payment is confirmed, you will receive two emails :

E-mail with payment receipt. And another email from us in which we will ask for personal information  for whom/which an account will be opened. 

Once we will receive your answer, we will pass the information to the Bank

This is where our service ends. As further communications about your account will occur directly between you and the bank. We will NOT have access to your banking information in any case, so we can't inform you about the state of your application.

You will receive an opening kit from the bank in one or two weeks, depending on where you live.

   

MONEY BACK GUARANTEE

We offer a 100% money back guarantee. In case the Bank rejects your application you ought to immediately informed to us and we will issue a refund if we will be unable to resolve the problem.

 

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The information contained in this Website is not meant to substitute qualified legal advice given by a specialist knowing your particular situation. We are not a bank and canít be held responsible for any loss or damages whether direct, incidental, indirect, special, or consequential, among others, relating access to this W eb site. Read our Disclaimer / Terms and Conditions.