As more and more people travel the world, there is a need to use the bank accounts of the countries they visit. Investors would also like to have similar accounts in other currencies in order to apply them in their investment strategies. This procedure is quite simple and absolutely legal.
It is necessary
- - telephone;
- - a computer;
- - the Internet;
- - the amount to be transferred.
Instructions
Step 1
Gather all the information about the bank where you want to make a deposit. You will need detailed account information and bank name. Each such financial institution has a routing number or any other identification number that is unique among all banks in the world. List several offshore banks.
Step 2
Call a representative for each of these agencies. Ask them for information on how to process money transfers, especially of an international nature. Ask how long it takes for the money to be available in the account. Double-check the accuracy of all data for the transfer of funds several times. This should be done with every bank representative.
Step 3
Check with each bank about the cost of making a money transfer to their account. Most banks charge fees not only for sending, but also for receiving the deposit. Make sure that you have correctly understood the conditions of the bank representative for crediting funds.
Step 4
Take into account the different legislative features of the country regarding the transfer of funds. In different countries, there are laws and regulations that a foreigner may not even know about. Ask a representative of each bank to inform you about the specifics of the legislation.
Step 5
Contact your bank that holds the money for transfer to an offshore account. Consult with his employee and follow all the necessary procedures to complete the transaction. You may need to pay some more (fee). Schedule this task to be completed on a specific day. Notify the offshore bank of the exact time of arrival of funds. Consider, of course, the difference in the time zone.
