Your Free Guide: Where to Open Offshore Bank Accounts
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Offshore Private Banking
With offshore private banking, you get the combined benefits of the two most powerful types of accounts in the banking world: offshore and private.Â
What sets offshore private banking apart from standard private banking is that it specifically caters to foreign & non-resident clients and is offered from established offshore banking hubs and offshore financial centers.
Use the following articles, written by our team of banking experts, to navigate the best offshore private banking options in the world and find the ones that are best suited to your needs.
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Click here to read our featured offshore private banking article that discusses overseas investment solutions for expats and non-residents.
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If you want to get access to our most actionable account opening insights, download our dedicated Private Banking Guide below – it’s free and shares the step-by-step process to open private bank accounts in the world’s top offshore banking hubs.
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Where to Bank Offshore
Receive: Briefings from our team of banking experts on 10 of the Top Offshore Banking Jurisdictions!
Including deposits, ideal clients, challenges, unique insights from our team, and more!
Plus: Important Information Sharing & Tax-Related Factors to Consider Before You Open Offshore!
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Getting Started
Where Can You Open Offshore Private Bank Accounts?
You can access private banking through a number of offshore banking hubs around the world, including in Asia, Europe, and the Caribbean.Â
To help you narrow down your options, we’ve compiled an overview of the top jurisdictions for private banking in each region, the clients they cater to, and special considerations below. But before diving in, here are the key things you should know about offshore private banking.
KEY TAKEAWAYS:
- Offshore private banking is best suited to people with international lifestyles
- If you live, work, & play in a single country there are usually better options
- Be very selective when choosing your offshore private bank
- Deposit requirements vary dramatically across jurisdictions
- Service quality varies dramatically across jurisdictions
- Not all banks that offer private banking are worthwhile
Remote account opening is an option for most clients, but sometimes requires a much higher deposit
Who Qualifies for Offshore Private Banking?
Offshore private banking is typically reserved for high-net-worth individuals seeking discretionary investment management, Lombard loans, and support for international transactions.
Individuals who are not interested in these services are usually better served by opening checkings accounts with offshore banks in their preferred jurisdictions instead.
With this in mind, individuals who can make the necessary deposit can qualify for accounts with most offshore private banks.Â
Of course, there are some exceptions, such as having residency in a blacklisted country, appearing on a watch list, or (in some cases) simply being American.Â
Overall, opening an offshore private bank account requires navigating where you are eligible to open accounts, finding the specific bank that matches your objectives, and applying for accounts.
Open Offshore Private Bank Accounts
If you’re exploring offshore private banking, you can use our country specific articles and free resources below to get a better understanding of your options and see if it’s right for you.Â
Or if you’re ready to open an offshore private bank account or any other type of international bank account today, we can help you get started in one of two ways…
First, we’ve created a comprehensive account opening platform called GlobalBanks IQ, which provides all of the tools you need to navigate opening private bank accounts offshore—and even do so remotely—in some of the top banking jurisdictions available.Â
Or if you’re looking for a more hands on approach, we also have GlobalBanks Insider.Â
GlobalBanks Insider is a done-for-you solution that leverages our team’s expertise, gives you direct one-on-one support, and sets you up with personalized introductions to the best offshore private banks available.Â
Both GlobalBanks IQ and GlobalBanks Insider are designed to help you to successfully open accounts with some of the best offshore private banks in the world.
MEMBER ACCESS
GlobalBanks IQ provides immediate access to everything you need to open Offshore Bank Accounts in top countries around the world!
- Choose banks in minutes with our international banking database
- Open accounts with detailed step-by-step instructions
- Handle banker questions easily with detailed conversation scripts
- Meet bank requirements (e.g. local address) with proven solutions
- Unlock exclusive offers from the best banks in our member reports
- Receive lists of banks that accept high-risk & offshore businesses
- Plus much more!
Learn More About Your Options
Alternatives to Offshore Personal Banking
Below you’ll find our archive of free resources to assist with account opening.Â
This includes detailed articles to help you open accounts in top banking hubs in Asia and free guides explaining how to navigate challenges for specific client types.Â
We also share helpful information on how to overcome challenges for specific businesses and individuals.
Offshore Banking for Individuals & Businesses
Looking for a different type of account?Â
We can help you make informed decisions about personal, business, & private banking across Europe, Asia, and the United States. Click here to learn more.
Free Resources
Offshore Private Banking
Below you’ll find our archive of free resources to assist with account opening.Â
This includes detailed articles to help you open accounts in top offshore private banking hubs and free guides explaining how to navigate challenges for specific client types.Â