4. Understand how to optimize deposits and make withdrawals
More often than not, account holders fund their offshore accounts via international wire
transfer. Notwithstanding, there is a transfer fee when you put your fund into the
account through the wire transfer option, and this fee is not the same depending on
each foreign bank.
In addition, please be advised that domestic checks or cash depositing is not popular
and even not accepted by most offshore banks.
Like domestic accounts, offshore banks offer various choices for clients and customers
to withdraw their funds. You can use an ATM or debit card; its fee, however, is quite
costly. Take money out of your offshore account by using checks is acceptable, but it
limits the widespread use and does not ensure your confidentiality. Use cash? Yes, you
can. You are advised to make cash withdrawals with a big amount as it helps you to
economize on the fee that you need to pay when withdrawing.
Another viable option for offshore account holders to access their funds is to closely
“tie” the offshore account with the domestic one. By this, you will pay less fee,
meanwhile, allow much more convenience and privacy when wire transferring between
those two.
Contact Us
Having any question? In doubt and need clarification. Feel free to contact us through the following and
talk to our professionals:
Email: tannetinfo@gmail.com
Tel: +603-21418909
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