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Gone are the days when offshore bank accounts were considered to be illegal shelters for money launderers and tax evaders, today most people understand that an offshore account has more to do with the international management of money. However, why would anyone choose to have or use an offshore bank account?
In this report we're going to cover all the main uses for such an international and flexible account structure, highlighting the benefits and advantages of banking in such a way for many individuals - particularly those who live, work, travel or who are planning on retiring abroad.
As stated, an offshore bank account is not an illegal offering - it is a form of account structure now offered by all the leading national and international banks and finance houses. In its simplest form, an offshore account is the mirror of your plain current account that you use every day, however it is located in a nation other than the one in which you are resident!
Those who live overseas in a nation where the economic or political environment is less than stable and secure often made use of offshore accounts in the past as such an account enabled them to hold their money outside of a less than secure nation. No matter what went down in their country - inflation, devaluation of the local currency, a coup - their money was housed in a secure currency in a secure account in a secure country.
This benefit still stands for those who are working or residing in a less than stable nation for example. And this benefit can be added to for those who work in more than one country - or who regularly travel with their job too. Anyone who needs flexibility on an international scale can potentially benefit from an offshore bank account. For example, if you're paid in one currency, have financial obligations 'back home' in your old nation in a different currency and the transactions you make on a day-to-day basis abroad are in yet another currency, a multi currency offshore account could save you on exchange costs and transfer fees for example.
Those who are living overseas and who prefer to keep their financial business to themselves may select the privacy offered by an offshore bank account - others who are under no obligation whatsoever to bring their money onshore may choose to house their money offshore where they can keep it private and hidden. Finally, another widely experienced advantage is that offshore accounts often come with a whole host of bells and whistles that make your life easier. You may be given a relationship manager at the bank who can help you look after your money in the most fiscally beneficial way. Alternatively you may be offered freebies such as international airport lounge access perhaps. Additionally, you will be able to link your offshore bank account to an offshore savings account on which you may be able to earn a preferential rate of interest.
So, as you can no doubt see, if you're an international citizen, if you require flexibility, privacy and a better deal on your bank account, you may be better off with an offshore bank account. It's time you looked into your options and alternatives today to determine whether an offshore bank account could be the right choice.
Rhiannon Davies writes about the management of money for those living, working and traveling abroad and for more information and advice about offshore bank accounts or ways in which you can potentially enhance your wealth offshore, visit ShelterOffshore.com
Article Source: http://EzineArticles.com/?expert=Rhiannon_Davies
2009/12/19
2009/12/18
Privacy Policy
Privacy Policy
Open a bank account takes your privacy seriously. This privacy policy describes what personal information we collect and how we use it. See this privacy policy primer to learn more about privacy policies in general.
Routine Information Collection
All web servers track basic information about their visitors. This information includes, but is not limited to, IP addresses, browser details, timestamps and referring pages. None of this information can personally identify specific visitors to this site. The information is tracked for routine administration and maintenance purposes.
Cookies and Web Beacons
Where necessary, "open a bank account online" uses cookies to store information about a visitor's preferences and history in order to better serve the visitor and/or present the visitor with customized content.
Advertising partners and other third parties may also use cookies, scripts and/or web beacons to track visitors to our site in order to display advertisements and other useful information. Such tracking is done directly by the third parties through their own servers and is subject to their own privacy policies.
Controlling Your Privacy
Note that you can change your browser settings to disable cookies if you have privacy concerns. Disabling cookies for all sites is not recommended as it may interfere with your use of some sites. The best option is to disable or enable cookies on a per-site basis. Consult your browser documentation for instructions on how to block cookies and other tracking mechanisms. This list of web browser privacy management links may also be useful.
Contact Information
Concerns or questions about this privacy policy can be directed to searchtags@gmail.com for further clarification.
Open a bank account takes your privacy seriously. This privacy policy describes what personal information we collect and how we use it. See this privacy policy primer to learn more about privacy policies in general.
Routine Information Collection
All web servers track basic information about their visitors. This information includes, but is not limited to, IP addresses, browser details, timestamps and referring pages. None of this information can personally identify specific visitors to this site. The information is tracked for routine administration and maintenance purposes.
Cookies and Web Beacons
Where necessary, "open a bank account online" uses cookies to store information about a visitor's preferences and history in order to better serve the visitor and/or present the visitor with customized content.
Advertising partners and other third parties may also use cookies, scripts and/or web beacons to track visitors to our site in order to display advertisements and other useful information. Such tracking is done directly by the third parties through their own servers and is subject to their own privacy policies.
Controlling Your Privacy
Note that you can change your browser settings to disable cookies if you have privacy concerns. Disabling cookies for all sites is not recommended as it may interfere with your use of some sites. The best option is to disable or enable cookies on a per-site basis. Consult your browser documentation for instructions on how to block cookies and other tracking mechanisms. This list of web browser privacy management links may also be useful.
Contact Information
Concerns or questions about this privacy policy can be directed to searchtags@gmail.com for further clarification.
About us
About
Open a bank account is a blog about the best rates and the best services for credit cards.
This website will try and provide helpful advice, information about products to help in the process, etc.
You can contact us at:
searchtags@gmail.com
Or by regular mail at:
Frank Rosen
Aldestrasse 19
8001 Zurich
Open a bank account is a blog about the best rates and the best services for credit cards.
This website will try and provide helpful advice, information about products to help in the process, etc.
You can contact us at:
searchtags@gmail.com
Or by regular mail at:
Frank Rosen
Aldestrasse 19
8001 Zurich
2009/12/17
how to open bank account
If you want to get a bank account when you have bad credit history, you are going to run into a few stumbling blocks. First, if you have bad credit, you won't be able to open a bank account. Anywhere. Second, if you don't have a bank account, you can kiss any opportunities of ever getting any credit - pretty much all lenders will want proof that you have a bank account.
Now If you can't open a bank account, you should understand a bit about what's causing the problem. It's called ChexSystems.
What is the Chex System
Chex System is an bank network designed to prevent people who have a history of bank fraud from starting new accounts. The way banks keep tabs on this is that if you do something suspicious (bouncing checks, closing down a lot of accounts, etc), you get entered into a global network that all banks have access to.
How Long Will I Stay in Chex System
You will stay in the system for roughly 5 years.
What to Do if I Get Entered Into the Chex System
This is the big question. If you find yourself in Chex System, you wont' be able to get a normal bank account. This can, clearly, cause you some financial difficultly. These days, not having access to a banking account is the equivalent of losing an arm and leg. To address the growing number of people who have been blacklisted from banks because of credit issues, some lenders have put together special online accounts that offer banking services to people who are unable to open any other banking account. These are called second chance accounts.
If you have bad banking credit, you are going to have to open one of these second chance accounts. Now here's the thing - second chance accounts are expensive accounts. You will pay much more in fees than you would for any other bank account. That's part of the price you are going to have to pay to have second chance account. You are going to have to decide whether it's worth it or not. For many people, it is indeed worth it. Your really won't have any other choice.
To get a second chance bad credit account, you will have to start your search online. There are many internet banks now offering this type of account, so with a bit of looking around, you would have too many problems finding the account.
Getting a checking account when you have bad credit is important because without an account at a bank, your options are quite limited in the financial world. A second chance bank can give you the opportunity to have a second chance.
Learn how to bad credit bank account without having to worry about getting rejected.
Article Source: http://EzineArticles.com/?expert=David_Woo
Now If you can't open a bank account, you should understand a bit about what's causing the problem. It's called ChexSystems.
What is the Chex System
Chex System is an bank network designed to prevent people who have a history of bank fraud from starting new accounts. The way banks keep tabs on this is that if you do something suspicious (bouncing checks, closing down a lot of accounts, etc), you get entered into a global network that all banks have access to.
How Long Will I Stay in Chex System
You will stay in the system for roughly 5 years.
What to Do if I Get Entered Into the Chex System
This is the big question. If you find yourself in Chex System, you wont' be able to get a normal bank account. This can, clearly, cause you some financial difficultly. These days, not having access to a banking account is the equivalent of losing an arm and leg. To address the growing number of people who have been blacklisted from banks because of credit issues, some lenders have put together special online accounts that offer banking services to people who are unable to open any other banking account. These are called second chance accounts.
If you have bad banking credit, you are going to have to open one of these second chance accounts. Now here's the thing - second chance accounts are expensive accounts. You will pay much more in fees than you would for any other bank account. That's part of the price you are going to have to pay to have second chance account. You are going to have to decide whether it's worth it or not. For many people, it is indeed worth it. Your really won't have any other choice.
To get a second chance bad credit account, you will have to start your search online. There are many internet banks now offering this type of account, so with a bit of looking around, you would have too many problems finding the account.
Getting a checking account when you have bad credit is important because without an account at a bank, your options are quite limited in the financial world. A second chance bank can give you the opportunity to have a second chance.
Learn how to bad credit bank account without having to worry about getting rejected.
Article Source: http://EzineArticles.com/?expert=David_Woo
open international bank account
"International bank rankings" are important because it's critical to have a reliable financial company when you are traveling.
What's the best IB financial institution? Here is a review of one of the top ones on the planet...
HSBC
This is famous for being one of the top "global" banks. They have many locations around the world... and they derive their income almost equally from North America, Asia and Europe.
They have locations in 86 different nations to be exact--they are probably the BIGGEST international bank. But they are most prominent online-they don't have a lot of physical locations in any part of the world.
Positives
#1) Around-the-clock money management
You can manage your account no matter what time zone you are in. You can also transfer money from country to country and currency to currency without hassle-very important or travelers.
#2) HIGH interest rate
No matter what currency you are in, the interest rate is applied BEFORE tax--always something to look for "international bank ratings".
Also, since they have very few physical locations they have a low overhead... which is why they consistently have one of the highest interest rates around.
#3) $1 accounts
It costs just a buck to open an account and NOTHING thereafter. This is hard to beat.
Negatives
#1) Customer service
Let's just say they don't have the friendliest employees-but assuming you plan on doing most of your money-management online, this shouldn't be an issue. Just avoid the phone as much as possible.
#2) Lack of branches
This works out for your advantage in terms of interest rates... but if you ever need to get some cash out it's quite a hassle.
The bottom line--HSBC is one of the best international banks around. For more bank ratings check out http://www.onlinebankratings.com.
Article Source: http://EzineArticles.com/?expert=George_Frederick
What's the best IB financial institution? Here is a review of one of the top ones on the planet...
HSBC
This is famous for being one of the top "global" banks. They have many locations around the world... and they derive their income almost equally from North America, Asia and Europe.
They have locations in 86 different nations to be exact--they are probably the BIGGEST international bank. But they are most prominent online-they don't have a lot of physical locations in any part of the world.
Positives
#1) Around-the-clock money management
You can manage your account no matter what time zone you are in. You can also transfer money from country to country and currency to currency without hassle-very important or travelers.
#2) HIGH interest rate
No matter what currency you are in, the interest rate is applied BEFORE tax--always something to look for "international bank ratings".
Also, since they have very few physical locations they have a low overhead... which is why they consistently have one of the highest interest rates around.
#3) $1 accounts
It costs just a buck to open an account and NOTHING thereafter. This is hard to beat.
Negatives
#1) Customer service
Let's just say they don't have the friendliest employees-but assuming you plan on doing most of your money-management online, this shouldn't be an issue. Just avoid the phone as much as possible.
#2) Lack of branches
This works out for your advantage in terms of interest rates... but if you ever need to get some cash out it's quite a hassle.
The bottom line--HSBC is one of the best international banks around. For more bank ratings check out http://www.onlinebankratings.com.
Article Source: http://EzineArticles.com/?expert=George_Frederick
open bank account in uk
Different countries have different policies regarding allowing a foreigner to open a bank account. UK is not an exception. Before a person decides to move to UK and open a bank account, he needs to be aware about the laws of the country.
To open a bank account in UK a foreigner needs to arrive in person. A person who wants to open an account in a bank of UK needs to decide certain things first of all. It is ideal to select a bank that is suitable for the needs of a person. If a bank offers incentives for opening an account, that should be chosen. A number of banks offer free gifts to the new customers.
If someone has come to UK for educational purposes he needs to see if a bank offers these incentives for the international students. The facilities like cheque book, cash card are always welcome for a person who is new to the country. One needs to consider the interest rate offered by the bank as well. If a bank offers telephone banking it would be advisable to opt for its service.
The majority of the banks in UK offer two types of accounts- a deposit account and a current account. The current accounts are best suited for those people who avail the account regularly for small amounts of cash for buying clothes and food. A lot of banks offer the current accounts. While the Deposit accounts have a higher rate of interest an account holder requires giving two weeks notice for withdrawal of money.
These accounts are better suited for bigger amounts of cash and the students requiring tuition fees and accommodation are likely to be benefited from this account. There are certain documents that are required by the banks of UK for opening an account. A foreign resident needs a passport first of all. The Offer letter given by the university or the organisation where you have taken up a job is another prerequisite for opening a bank account.
A student also needs to give the address of his residence in his native country. Besides, an official document bearing his residence address such as identity card, driving licence is required. In some cases it is possible to open an account in UK from another nation. But in that case the amount of the primary deposit needs to be higher.
Mike Novik provides how-to advice on small business and home-based work issues. He helps small businesses reach their fullest potential. His recommendation for to-day is to visit UK bank account
Article Source: http://EzineArticles.com/?expert=Michael_Novik
To open a bank account in UK a foreigner needs to arrive in person. A person who wants to open an account in a bank of UK needs to decide certain things first of all. It is ideal to select a bank that is suitable for the needs of a person. If a bank offers incentives for opening an account, that should be chosen. A number of banks offer free gifts to the new customers.
If someone has come to UK for educational purposes he needs to see if a bank offers these incentives for the international students. The facilities like cheque book, cash card are always welcome for a person who is new to the country. One needs to consider the interest rate offered by the bank as well. If a bank offers telephone banking it would be advisable to opt for its service.
The majority of the banks in UK offer two types of accounts- a deposit account and a current account. The current accounts are best suited for those people who avail the account regularly for small amounts of cash for buying clothes and food. A lot of banks offer the current accounts. While the Deposit accounts have a higher rate of interest an account holder requires giving two weeks notice for withdrawal of money.
These accounts are better suited for bigger amounts of cash and the students requiring tuition fees and accommodation are likely to be benefited from this account. There are certain documents that are required by the banks of UK for opening an account. A foreign resident needs a passport first of all. The Offer letter given by the university or the organisation where you have taken up a job is another prerequisite for opening a bank account.
A student also needs to give the address of his residence in his native country. Besides, an official document bearing his residence address such as identity card, driving licence is required. In some cases it is possible to open an account in UK from another nation. But in that case the amount of the primary deposit needs to be higher.
Mike Novik provides how-to advice on small business and home-based work issues. He helps small businesses reach their fullest potential. His recommendation for to-day is to visit UK bank account
Article Source: http://EzineArticles.com/?expert=Michael_Novik
to open bank account
One of the most important parts of re-locating anywhere is having a bank account, somewhere you are able to deposit, send and withdraw money from.
In the Dominican Republic there are numerous banking institutions, all of which are backed by the central bank, which means that your money will always be safe.
In the Dominican Republic you can open an account in the local currency, Dominican Peso (RD$), American Dollars (US$) or Euros (€).
These are the names of some of the banks in the Dominican Republic.
Banco Popular
Banco De Reservas
Banco Leon
Banco Del Progresso
Banco Santa Cruz
Banco BHD
Scotiabank
Citibank
To open an account in any of the above institutions you will be required to provide a reference letter from a bank where you have an existing account, a personal/commercial reference, a copy of your passport and currency - the usual minimum amounts for opening an account are US$200, €200 and RD$5,000.
There are also some banks which now offer online banking services, which means you don't have to wait in line to be served, yay!
For more information on opening a bank account in the DR talk to Tay, he will be able to assist you with bank accounts, certificates, credit cards and other bank related matters in the Dominican Republic. Considered a safe banking system, the DR banks are all backed by the central bank, where you can obtain high interest rates for your pesos. When considering a life changing move, think about the DR, still the cheapest in the Caribbean yet still one of the least discovered places to visit.
For more information visit http://www.propertycenter.tv
Article Source: http://EzineArticles.com/?expert=Taylan_O
In the Dominican Republic there are numerous banking institutions, all of which are backed by the central bank, which means that your money will always be safe.
In the Dominican Republic you can open an account in the local currency, Dominican Peso (RD$), American Dollars (US$) or Euros (€).
These are the names of some of the banks in the Dominican Republic.
Banco Popular
Banco De Reservas
Banco Leon
Banco Del Progresso
Banco Santa Cruz
Banco BHD
Scotiabank
Citibank
To open an account in any of the above institutions you will be required to provide a reference letter from a bank where you have an existing account, a personal/commercial reference, a copy of your passport and currency - the usual minimum amounts for opening an account are US$200, €200 and RD$5,000.
There are also some banks which now offer online banking services, which means you don't have to wait in line to be served, yay!
For more information on opening a bank account in the DR talk to Tay, he will be able to assist you with bank accounts, certificates, credit cards and other bank related matters in the Dominican Republic. Considered a safe banking system, the DR banks are all backed by the central bank, where you can obtain high interest rates for your pesos. When considering a life changing move, think about the DR, still the cheapest in the Caribbean yet still one of the least discovered places to visit.
For more information visit http://www.propertycenter.tv
Article Source: http://EzineArticles.com/?expert=Taylan_O
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