What extra benefits do Offshore banks offer over Onshore banks?
Most offshore banks, because of their tax-free locations, provide higher interest rates over similar onshore account types. However, most of our clients state that the unlimited guarantees offered to their savings coupled to the superior banking services provided by the offshore arms of international banks…Makes the decision, where to locate their accumulated savings very easy. It is also worth noting that American Banking rules require authorisation for transfers of $10,000US and above. Under normal circumstances it is given automatically, but it exists to reduce the flight of money, out of their system in time of difficulty. No such system exists with the major banks our clients are associated. Equally all the respected, well known, major Banks in the world compete, for the most discerning clientele in the world, on services and costs, in regulated locations which provide the highest security available.
