depositing

Discussion in 'Offshore Bank Accounts & EMI Accounts' started by donald bathe, Jul 15, 2017.

  1. donald bathe

    donald bathe Banned User BANNED MEMBER

    how financially stable are offshore banks compared to regular commercial banks? if someone has deposited millions of dollars and theres some kind of financial crisis or meltdown, what would or will happen to their money in that eventuality? how financially secure are offshore banks like in cyprus or somewhere nearby? can someone please explain this to me. rsvp. thank you.
     
  2. mnschwarz

    mnschwarz Offshore Agent Business Angel

    Offshore banks operate just like onshore banks. The security of your funds will be dependant on the jurisdiction, the banks policies, liquidity levels etc. Golden rule I live by is to diversify. Don't put everything you own in one bank, asset class or jurisdiction.
     
  3. donald bathe

    donald bathe Banned User BANNED MEMBER

    im talking about at least 100 million dollars or more in net worth! rsvp


     
  4. mnschwarz

    mnschwarz Offshore Agent Business Angel

    What difference does that make?