| Offshore banking simply means to have your | | | | Fund Management |
| bank accounts in a bank outside your own | | | | |
| country. It is therefore easy to find | | | | Fund and investment management means that |
| offshore banks that offer exactly the same | | | | the bank is managing securities (stocks, |
| services as you would expect from a bank in | | | | bonds, etc.) for the bank customers. This is |
| your own city.All offshore banks will of | | | | also known as portfolio management or money |
| course let you deposit and withdraw money. | | | | management.Depending on the size of the bank, |
| Offshore banks normally issue credit cards to | | | | it might offer additional services. It is |
| help you do so. A credit card from an | | | | normal for offshore banks to charge money for |
| offshore bank works just like any other | | | | use of their services. The price of using the |
| credit card and it can often be used in ATMs | | | | services varies a lot from one bank to the |
| around the world.In addition, an offshore | | | | other.Most of the services are used through |
| bank would typically offer the following | | | | the Internet since offshore banks are |
| services to its private customers: | | | | situated far from their customers. An |
| | | | offshore bank will typically have an advanced |
| Money transmissions | | | | and very secure website where you can handle |
| | | | your accounts, access services and |
| Loans | | | | communicate with the bank.The services |
| | | | mentioned here applies for private customers |
| Currency Exchange | | | | in an offshore bank. The banks will typically |
| | | | have a set of extra services for company |
| Investment Management | | | | customers.Mads Phican is a successful |
| | | | entrepreneur. |