One of the disadvantages to having a offshore bank account is that you have to choose your jurisdiction carefully. Another disadvantage to having a offshore bank account is that its much more difficult solving issues with your bank account.

An offshore bank work basically the same as a local bank. The difference being that the bank is located in another country. There may be greater privacy, security or tax incentives associated with this type of bank.

Offshore banking means your bank account outside of your residence country. With offshore banking you can enjoy low tax rates.

Today almost every bank has its own website. An accurate research says that information on offshore bank accounts can be found by calling the selected bank and request the information.

A sand-bank.