APGI – Offshore Online Bank Account
Offshore Online Bank Account
An Offshore Online Bank Account offers you safe and secure online banking remotely and at your fingertips. You can bank from the privacy of your own home or office with ease at any hour of the day and in real time. Offshore Internet Banking services are equipped to offer you:
- Online money transfer to other banks/accounts
- View/Print statements
- View your transaction details/account balances
- Pay employees and affiliates
- Buy and sell foreign currencies
- Make offshore investments
- Need access to currencies not available in their current jurisdiction
An Online Offshore Bank Account allows you to conduct business online with the Offshore Bank of your choice while eliminating time and location restraints. If you or your company hold an offshore online bank account in Belize for example and you reside in the UK you can easily make online transfers as well as check your account balance at any hour from any computer with a basic internet connection.
For individuals who travel extensively this saves them time as well as the hassle of having to appear in a local bank in person to conduct business. If you enjoy a lifestyle of travel and leisure while working; you can easily manage the financial aspect of your business with ease from anywhere around the world.
Oftentimes people wonder about security and personal privacy and their Offshore Online Bank Account. Since backing and communications with the bank are conducted over the internet, offshore banks have made security and privacy their number one concern. Many offshore online bank account services include devices such as Digipass.
A Digipass is a security product from VASCO, providing strong user authentication and digital signatures via small security tokens carried by users, or in software on mobile telephones, portable devices or PCs. It is compatible with more than 50 international vendors for a variety of e-commerce, e-banking, e-networking and e-government applications. It uses time and/or challenge based two-factor authentication. This tool is ranges in size from the standard calculator size to a small keychain size electronic device. Without the device the offshore online bank account cannot be accessed and transfers cannot be made.
An offshore online bank account can also provide users with the ability to eliminate accounting fees due to the ease of access to banking information. For example, XYZ IBC has an offshore online bank account with 123 Offshore Bank. XYZ IBC receives payments from clients by wire transfer directly to their offshore online bank account. The authorized signatory can go online and review the account movements and see that the funds have been deposited by their client EFG Corporation within a matter of minutes.
The offshore online bank account control panel will then allow the user to print daily, weekly, monthly, and yearly account activity documents as well as specific date rages as well. This in turn will reduce the amount of time the company spends on keeping ledgers, sending requests for account balances as well as waiting for statements. One of the additional features of setting up an offshore online bank account is the turn around time for services and products that your business has received payments for. Since funds are automatically deposited into your offshore online bank account by the offshore bank, receipt of funds can be verified at any time and from anywhere and services can be rendered quickly.