Offshore Bank Accounts vs. Offshore Investment Accounts
If you think you want an offshore bank account, consider the advantages of an offshore investment account:
- Hold up to 13 currencies in one account
- Debit card linked to your investment account
- Secure online statement access 24/7
- Global access to all major securities markets
- Access to the best offshore funds
- Highly rated custody network for client assets
Differences between Offshore Bank Accounts and Offshore Investment Accounts.
Offshore bank accounts are administered by banks and offer traditional banking services (checking, savings, loans, fixed-term deposits) which make it more convenient to utilize the assets held in the accounts for everyday spending, receipt and distribution of funds.
Offshore Investment Accounts are administered by investment brokerage firms. The main advantage of offshore investment account as compared to bank accounts is that besides being able to hold cash in multiple currencies, they also provide the ability to buy, sell, and hold stocks, bonds, mutual funds, precious metals and other types of investment vehicles. There is far greater flexibility in terms of the access a client has to investing.
Like a bank account, they allow investors to access their money via wire transfers and debit cards. The client will also have exposure to money market funds, global fixed income (bond), income generating funds, global equity markets, and precious metals amongst others. Funds received in such accounts are expected to be used for investment purposes.
Funds used for an investment account with Bateman Financial are held in custody with several Multi-National institutions. This will provide further security against a bank only located in one or a few jurisdictions. The strict Privacy Laws and political stability of the Cayman Islands ensures the highest level of protection against intrusion from third parties and offer a secure environment to grow your assets.
If there is money just sitting in an offshore bank account and there is a need for more diverse investment choices with greater potential returns, consideration should be given to an offshore investment account.
Contact us today to get all of these options in one account.
