How offshore accounts work

Most of the times people develop this perspective about offshore bank accounts of not being totally legal. However, this is not the actual case. Holding an offshore account in an overseas bank is as legal as holding a bank account in locally held banks. Since laws of one country varies from another, it is considered legal as long as the offshore account holder is not breaking any laws imposed on that specific offshore bank by its government.

There are certain perks of holding an offshore account in offshore banks. The best perking being Priority services. Priority Services are offered to priority banking clients, where a dedicated and skilled manager is assigned to manage the interests and oversea the financial relationship of the account holder with the overseas bank.