In order to open an account Offshore banks require a notarized copy of documents that mention your personal information, such as your name, date of birth, address, citizenship, and occupation.

You will need to submit a copy of your passport and driver's license in order to verify the ab...

Offshore bank accounts offer the option of the currency in which you wish to hold your funds. This can be a highly valuable feature of an offshore account, especially if one's domestic currency is unstable or expected to depreciate.

Holding funds in certain currencies may

Offshore bank accounts are mostly funded electronically through international wire transfers. The systems that enable free electronic transfers common in domestic banking are typically not able to transfer money internationally.

Many use it as a way to hide their money and avoid paying taxes. Some use it for illicit purposes like money laundering and tax evasion. While these activities are criminal and can result in jail time, offshore banking doesn't have to be illegal. 

It can be...

Banks may often require additional documents to discourage money laundering, tax fraud, or other illegal activities.

May ask for financial reference docume...