5 Reasons to Choose an Online Offshore Bank

Globe & Piggy BankJust a few decades ago, the idea of completing complicated financial transactions from the comfort of home, or even from an airplane, would be a mind-boggling concept. Phone banking did exist, but it simply didn’t allow for the security measures that most account holders wanted. Today, however, nearly everything can be done online, and overseas banking is no exception. Find out more about the top five reasons to choose an online offshore bank.

1. Check Account Balances Regularly

One of the most popular uses for an online bank account is to check the available balance. Individuals might want to do this in order to see how much to transfer, or they simply might enjoy the peace of mind that it brings when you can guarantee a set amount in your account. Whatever the reason, there is no doubt that the convenience of checking balances instantly online is simpler than taking a trip to a bank or even getting a bank employee on the phone to check for you.

2. Pay Bills Effortlessly

People opt to open offshore bank accounts for a variety of reasons, and these may include preparing for retirement or protecting assets. However, some individuals simply have offshore accounts because they live overseas. If you reside in an offshore location, online banking lets you pay everything from utility bills to credit cards bills with ease.

3. Enjoy the Same Privacy and Security

Privacy and security are often big concerns for those with offshore bank accounts, and online banking doesn’t detract from that in any way. Encrypted websites can be accessed only with your personalized password and information. However, this convenience is extended to any computer, tablet or smartphone you might have with Internet connectivity.

4. Don’t Let Travel Interfere With Your Banking

Many offshore account holders are also frequent business travelers or perhaps even retirees living abroad, but travel doesn’t have to interrupt regular banking. With online banking opportunities from any location with secure Internet, you can do everything you normally would from home when you are on the go.

5. Take Advantage of a Rapidly-Moving Market

Many investments require constant monitoring and quick decision-making, which is why online banking can be so beneficial. Rather than hearing about a stock’s lowering price too late, you can check instantly or even be alerted to changes that are relevant to your holdings and portfolio.

Choosing an offshore bank account as well as a bank with online banking options combines the best of both worlds for the busy investor or savvy retiree. Click here to learn a little more about how opening an offshore and online bank account could bring you benefits.

About this author

Caye International Bank Limited (CIBL) was granted an Unrestricted "A" Class International Banking License on September 29th, 2003 by the Central Bank of Belize and is regulated by the Central Bank of Belize which set the standards for liquidity and capital adequacy.