Offshore Banking

Offshore banking is an ever increasing tool for individuals and businesses. Currency risk is a common issue for entities that leave all of their funds in one currency. It is important to diversify your currencies. The problem being that many domestic banks will not allow this. They will only keep currency in the currency of your home country. Offshore banks are able to keep funds in any currency. The most widely used currencies will be the easiest to open accounts in. When you hold your money in several currencies you will hedge your risk to the instability of currencies and countries in general. Political risk is part of currency risk. If a country begins spending too much and printing too much currency you will see the value of your money go down. If you hedge with other currencies you will have a better chance of sustaining the value of your money.

Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.

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