Offshore bank suggestions?

[RebelYell]

If anyone has any recommendations for a good offshore bank, I would appreciate the info?

 

[Dante]

rebel. there was a thread posting a few weeks back. Ill try to find it for you but do an advanced search for the thread. it was a good on on offshore banks

good luck

 

[Acidkid]

Not implying but.... keep in mind that no offshore bank is 'good' if you're trying to shield/hide assets from the IRS. That no longer works as the US Gov has its hooks and claws deep into that angle now...

 

[Thrillseeker]

It comes up every couple of months or so...here's a couple of threads...

http://therxforum.com/6/ubb.x?a=tpc&s=100090022&f=988094022&m=14110752&r=49610752#49610752

http://therxforum.com/6/ubb.x?a=tpc&s=100090022&f=988094022&m=3493093107

http://therxforum.com/6/ubb.x?a=tpc&s=100090022&f=988094022&m=93610822&r=69510922#69510922

 

[RebelYell]

Not exactly trying to hide anything, but if the the new internet gambling law passes, I think that this will be one of few ways to handle money transfers.

 

[WildBill]

Sorry forgot to follow up but if anyone is interested in a Mexican account just go to any branch with a passport and a utility bill of some sort (not a cell phone bill) from the address you want your statements sent to and they will set one up for you. I had this confirmed by someone who went into a branch and asked. There is an extra fee for international mailing of statements, something like 50 pesos ($5) a month. Here is a sample option I chose only because Banamex is the only one with English website:

http://www.banamex.com/eng/personal/cheques/index.html

The other banks offer very similar products. The good thing is with only about $500 balance you get interest and its probably around 3-4% right now. The only thing that might discourage some people is that you have to keep the account denominated in pesos, which means that whenever you do something in dollars you will lose a little bit (1-2%) through the exchange rate. Also remember if you cross the border with more than $10,000 then you have to report that to customs or face seizure much like in the US.

Hope this helps.