Banking Offshore: The Pros and Cons

AES Financial Services for Internationals & Expats AES International of London - Advising Clients Worldwide INTERNATIONAL Sponsored by http://www.aesadviser.com Banking Offshore: The Pros and Cons Yes No Yes No Offshore banking offers you the option of having a debit card to access funds. Unfortunately, offshore banking has been historically linked with money laundering Yes No You can access services almost identical to domestic banks, The terms and conditions for offshore banking will be different to domestic banks, so you are advised to read the fine print Yes No Mortage interest rates are much more competitive than domestic banks. It can be difficult to resolve any problems that may arise, as you don't have access to a local branch. Yes No Offshore banks have higher interest rates on deposits, which allows you to get the most from your savings. Offshore banks offer fewer flexible account options than domestic banks and are subject to their own regulations Yes No Offshore banks are open to a wider range of investment alternatives because they are not subject to government regulation You need to consider account fees and charges on any services you wish to use