Mentor Group
Offshore Company Formation and Management Services
Turner Little - Company Formation Agents & Banking Intermediaries.Chat to a member of our sales team.

How do offshore bank accounts work?

Admin

Forum Moderator
Staff member
Elite Member
Breaking down how offshore bank accounts actually work

More and more people are getting interested in the idea of leveraging offshore banks and offshore bank accounts these days, and it’s easy to see why.

After all, following the economic collapse of the mid-2000s that the global community is still trying to dig out of almost 10 years later things aren’t exactly sunshine and roses when it comes to the financial stability of traditional banking options.

how-do-offshore-bank-accounts-work.jpg


Combine that with horror stories on the news about governments (including the United States) seizing assets from her citizens and then charging the assets with crimes so that they can take money without any recourse – and that’s just the tip of the iceberg – and you’ll begin to see exactly why so many people are eager to set up their own offshore bank account if at all possible.

The only problem is that most people aren’t familiar with how offshore bank accounts work in the first place. They understand that they exist but may believe that they are only for the super rich and famous.

Nothing could be further from the truth.
If you’d like to learn a little bit more about how do offshore bank accounts work and whether or not they can provide you with the benefits you are looking for you’ll want to check out all of the inside information we offer below.

Offshore bank accounts aren’t all that different from traditional bank accounts (at least on the surface)

The first thing that you want to realize about offshore bank accounts is that they aren’t all that different from traditional bank accounts in most every sense.

You’ll be able to deposit money, withdraw money, invest money, protects assets for safekeeping, and the list goes on and on just like you’d be able to add a “regular” bank.

But once you begin to dive deeper below the surface you’ll begin to notice that there are significant advantages to moving forward with offshore bank accounts that you’d never be able to realize in the US.

how-do-offshore-bank-accounts-work-1.jpg


You’ll enjoy extra freedom, extra control, and extra privacy
For starters, you’re going to be able to enjoy a lot of extra freedom when you open up your own offshore account. You’ll have a world of options to be can choose from, and many of the best banks in the world are operating outside of the US.

You’ll have a lot more control as well. Offshore banks are used to dealing with some of the most demanding clients in the world, and they are set up to serve their clients and customers as best they can. Their reputation – and their profitability – depends on it.

Finally, you’ll also be able to enjoy a lot of extra privacy and security that you wouldn’t have been able to enjoy with traditional accounts. As mentioned above, civil forfeiture is becoming a major plot point these days and for good reason.

Regular US citizens are having their money – and other possessions – stolen from them outright by the government set up to protect them and they have no recourse against this.

That kind of stuff doesn’t happen when you set up an offshore bank account and understand exactly how it works.
 

uplana

Corporate Services
More and more people are getting interested in the idea of leveraging offshore banks and offshore bank accounts these days, and it’s easy to see why.
That's because people get scared from all the stuff happening around in the financial sector. We want protection of our money and assets and this one can get with offshore banking that is totally legal as long as you pay your taxes.
 

dirtyharry

Mentor Group Gold
To bank offshore is the exact same thing as you are used to with your local bank no difference here.
 

johnskywalker

Active Member
I had some wrong idea about offshore banking , i though offshore banking is one kind of demo banking. But no, it is even more secure and reliable then traditional banking.
Actually if offshore banking would be a trend, it will be exposed to professional hackers and the word secure won't be fit anymore. But I do hope that these hackers will just put their skills towards terrorism and other stuffs. Some also prefer traditional banking cause like some of the old people, they can't adapt new technologies and are afraid of changes.
 

lostguy

Active Member
Would have been great if you had published this when I started. I was lost when I started for 2 weeks researching about offshore banking and companies.. Today I know much more and what I read is explaining it well to me.
 

yves

Offshore Agent
An offshore bank account isn't different than any other bank account, it's just in an offshore jurisdiction but most banks there have exact same facilities as your local bank i.e. Internet banking, Visa Debit card and multi currency accounts. Just don't expect any interest rate that is worth to consider it's almost 0 ;)
 

SasxInc

Active Member
I think, only difference between traditional and offshore banking is types of account holder. In traditional banking only local can get full service from bank, foreigner get limited services. But in offshore banking all are 'LOCAL'.
 

shadowcaser

New member
I think, only difference between traditional and offshore banking is types of account holder. In traditional banking only local can get full service from bank, foreigner get limited services. But in offshore banking all are 'LOCAL'.
So true bro. That's why people considering offshore banking for their needs. Since they offer the same services with all local and foreigner.
 

maiden

New member
I was thinking the same as your opinion OP. Even though I don't really have a offshore bank account yet.
 

employme

New member
I always thought it was some difficult t get an offshore bank account and not that easy as it seem to be as per OP's post!
 

erzascarlet

New member
That's exactly what I'm thinking about offshore bank account. That's why I prefer using them instead of a government bank.
 

employme

New member
Government owned banks sucks and will never work for me. Some of the small offshore banks that actually survived the financial crisis and which still have sufficient capital works great for people. I got a few names of such banks but will have to do research before I do posting about them.
 

Anton

Active Member
Government owned banks sucks and will never work for me. Some of the small offshore banks that actually survived the financial crisis and which still have sufficient capital works great for people. I got a few names of such banks but will have to do research before I do posting about them.
Some people doesn't have choices for now ( like me ) and will use these government banks for the mean time. But in the future I think I'm gonna go with an Offshore account and will see what happens next.
 

burden

Mentor Group Gold
I have a feeling that to open an offshore account and maintain it isn't more difficult than any other bank account it's just more safe compared to the banks in Romania for instant!
 
Mentor Group

Latest Threads

Mentor Group
Top