Offshore Banking

Offshore banking is no longer the exclusive privilege of the rich and famous. Improved communication services, increasing competition and other factors have resulted in a huge reduction of offshore banking costs over the past few years. More and more individuals and corporate houses are turning to offshore banking for its obvious advantages.
Why do individuals and businesses bank offshore?

For a detailed breakdown of these terms, please go to the What is Offshore page.

What type of services are available from offshore banks?
The same as the services from any high street bank, plus the extremely confidential Swiss style numbered accounts.  Many of the offshore banks listed on this site are respected AA credit rated international banks, that everyone has heard of before.  They have simply set up an offshore division or branch division within a tax haven to attract a share of the enormous international trade, and offer almost the same services as any domestic bank. Such as the following:

There are many websites that advertise offshore bank accounts, and they will charge anything from $400 to $1500 just for supplying you with the relevant application forms. There is an alternative to paying these huge fees.

If you require FREE information about offshore banking or an account application form, please visit our Offshore banks section which has the website addresses for many of the main offshore banks.  From these sites you can download the application forms and save having to pay hundreds of dollars for this simple service.

We do however offer a offshore banking consulting service for those who would like some assistance is choosing the most suitable bank account for there requirements. It will require filling out a banking questionnaire, so that our investment team can advise a suitable account to meet your needs.  The fee for this service is free for all existing STAR Financial members and $250 for non-members. Banking questionnaire
The only reason we charge a fee for this service is to cover the cost of the investment team members time.

For your information please note, that most offshore bank accounts have a requirement for a minimum balance in order to open the account, which can range from $100 to many thousands of dollars.  There may also be an account opening fee charged by the bank, although there are many banks that do not charge this fee.