How Do You Liquidate An Offshore Bank Account?
Liquidating an offshore bank account can be just as easy as closing your local bank account. Just as with local bank accounts though, the closing process and the fees associated with it vary by bank. These fees can range from nothing to hundreds of dollars; so check the terms and conditions of your offshore account before you begin the closing process. Read on to learn more. Contact your offshore bank. This can be done by mail, phone, fax or the Internet. To ensure the privacy and security of your account information, contacting your bank by phone is the safest route when closing your account. Complete the necessary paperwork. Each bank is different regarding the documentation necessary to close your account. Generally, you will have to complete a form requesting a withdrawal of your funds on which you will have to provide the primary account holder’s name, account number and any applicable authorization codes, such as a PIN number. Pay the fees. Many offshore banks charge a fee for cl
