There are those who complain about offshore bank account fees being much higher than fees of banks located onshore.  Well, there is a simple answer to the reason why they are higher than most onshore banks.  Offshore banks do not provide loans and they do not invest in fly by night investments like most onshore banks do.  Banks established under offshore legislation are required by law to maintain a high level of liquidity and in doing so they are limited by the amount of money they can make on investing and providing loan services.  Before a potential user looks at the rates of an offshore bank and begins to compare them to an onshore bank he should first of all consider a few important aspects.  The first being liquidity which provides a safeguard for the funds held on deposit.  The second is the tax free status.  Tax havens are just that, places with no taxes so if you were paying or would pay US$30,000.00 in taxes per year onshore and you spent US$750.00 more in bank fees as opposed to banking onshore the savings would still ne US$29,250.00.  The question here is, what would you prefer, spending US$750.00 in bank fees in order to have an extra US$29,250.00 in your pocket or saving US$750.00 in order to pay US$30,000 in taxes?  Some people find this hard to understand as all they see on the table of fees is an incoming wire fee of US$10.00 or perhaps and ATM withdrawal fee of US$2.00.  There is no basis in which to compare onshore bank fees to offshore bank fees as they are two completely different entities and they are species of their own.  So when considering an offshore bank account for your offshore company incorporation, keep in mind that slightly higher fees are irrelevant and minimal compared to tax savings.