Offshore online banking has several advantages, such as:
- Managing your money from wherever you are in the world
- Manage your account 24/7
- Sending and receiving money internationally
- A choice of currencies to bank in (usually Euros, Sterling or US Dollars)
- Offshore banking sometimes offers higher rates of interest
- You can manage your own taxation with offshore banking
Just because you bank with an institution which has low or no taxation, doesn't mean you won't be liable to pay tax in your home country on any interest you earn from your offshore online banking investments – it will depend on your personal circumstances.
If offshore online banking sounds right for you, compare some of the deals available from leading providers using our simple comparison table and apply online.