Banking Services
It is possible to obtain the full spectrum of financial services from offshore banks, including:
- Corporate administration
- Credit
- Deposit taking
- Foreign exchange
- Fund management
- Investment management and investment custody
- Letters of credit and trade finance
- Trustee services
- Wire- and electronic funds transfers
Not every bank provides each service. Banks tend to polarise between retail services and private banking services. Retail services tend to be low cost and undifferentiated, whereas private banking services tend to bring a personalised suite of services to the client.
Read more about this topic: Offshore Bank
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