Online offshore banking is a secure, efficient and convenient way to manage your finances wherever you are in the world.

A basic definition of an offshore bank is a financial institution based outside your country of residence. Offshore banking offers a range of benefits with regards to financial security, business flexibility and access to international investment opportunities.

Offshore bank accounts typically offer account holders anonymity, low tax rates on interest or no taxation at all, easy access to deposits and protection against political and economic instability in your country of residence. Whether you travel frequently or want to protect your assets from inflation, taxation or political unrest, offshore bank accounts allow you to spread your wealth over a diverse range of international investments, funds and currencies.

One of the key benefits of offshore banking is that you have a better chance of maintaining your wealth in the event of another economic downturn. By diversifying your investments in international bonds, funds and/or currencies, your funds will not be affected if the economy in your country of residence slides into crisis.

With advances in technology, you can access offshore bank accounts online. You can access account balances, transfer funds to other accounts, pay bills, set up direct debits or standing orders and order statements or tax certificates. You can make transactions with offshore bank accounts at any time regardless of business hours or time zones. As long as you have a laptop and internet access, you can manage your account at any time of day or night from anywhere in the world. Secure Socket Layering (SSL) encryption ensures that your offshore banking transactions are secure and confidential.

You can choose offshore bank accounts specifically to save or as your primary bank account. Offshore banks offer current accounts with a debit card, investment products, insurance and loans. In fact, most of the products and services that local banks offer are now available with offshore banking.

Flexibility is another key advantage of offshore banking accounts. You are able to manage your finances in the currency of your choice and make international money transfers online. Offshore banking enables you to operate your account in multiple currencies without incurring losses due to unfavourable exchange rates.

Many offshore banking institutions operate in low tax jurisdiction countries, this means that you are able to earn higher rates of interest on your funds and pay lower tax rates. There is nothing underhanded or illegal about offshore banking in low tax jurisdiction countries. All offshore financial institutions operate within the laws of their country and offer legal tax savings for offshore investors.

Selecting where to invest your money is a decision that should be taken cautiously. Whether you want to invest in gold or bonds, protect your assets from an economic crisis or simply want to diversify your investments, speak to a professional wealth manager about the range of online offshore banking products available.