It is no wonder that offshore banking has exploded in the past few years, as more and more individuals and companies want to take advantage of the benefits of a foreign bank account.
The Bahamas is one of the world’s premier offshore jurisdictions and provides an unparalleled financial services industry.
However, with so many offshore banks out there, it isn’t easy to decide on the right one. In this post, we are going to explore the top offshore bank for banking in the Bahamas online- Jetonbank.
How to Do Offshore Banking in the Bahamas?
To open an online offshore bank account in the Bahamas, all you need to do is fill out a couple of basic forms and data.
Here are the basic steps:
- Choose an online offshore bank. Look into banks such as Jetonbank, which provides offshore banking online in the Bahamas.
- Complete the online application. The majority of applications take less than 15 minutes and ask for your name, address, date of birth, wealth or income.
- Provide identification. You'll have to present your passport, a utility bill, and sometimes your address. Jetonbank accepts these documents electronically for an entirely online process.
- Fund the account. After approval, you may transfer funds into your offshore Bahamas bank account through wire transfer or digital asset. For most banks such as Jetonbank, initial deposits range from $1,000-5,000.
- Start banking online. You’ll have access to your account online within 1-3 business days so you can access your money, transfer money, and more from anywhere in the world. You don’t even have to go to the Bahamas!
As you can see, an offshore Bahamas bank account opening online takes away a lot of the old complications.
You do not have to visit the islands or hold ridiculous minimum balances - just your computer or mobile device.
How to Open an Online Offshore Bank Account in the Bahamas for Free?
Jetonbank gives you basic banking for free when you open an offshore account in the Bahamas online, unlike most of the traditional offshore banks that charge you outrageous account fees.
Below are the important aspects of obtaining a free offshore bank account at Jetonbank:
- No minimum balance: You don’t have to keep a huge minimum balance every day to avoid charges.
- No monthly maintenance fee: Jetonbank doesn’t add monthly account maintenance or inactivity fee to your account as found on other sites.
- Wire transfers are available for free: Wire transfers anywhere in the world are free of charge. Every major bank charges at least $30-50 per transfer.
- Paying by debit card: You receive a free debit card for transactions online and offline around the world. Card delivery is also free.
- Free digital asset exchange: Purchase, sell and transfer all digital assets directly from your account on Jetonbank's official exchange platform at interbank prices without commission.
- More services for free: Checkbooks, bank drafts, incoming wires, and more are available for free from your Jetonbank offshore account.
With Jetonbank, you can avail all of the best services of an international digital bank at no extra cost. There are never any hidden charges to make budgeting a breeze.
What are the Requirements to Do Offshore Banking in the Bahamas?
Anyone in or outside of the Bahamas can open an offshore bank account. But everyone has to comply with the standard criteria for entry and proof of identity:
- Over 18 years old: You must be at least 18 to sign up.
- Offer proper proof of identity: A passport, driver’s license, and proof of address, such as a utility bill that is within the past three months.
- Report source of wealth: You’ll have to verify the source and legitimacy of large deposits by looking at payslips, business papers, investment papers, etc.
- Complete online application form: Mention profile, contact information, job, projected transactions.
- Secure & secure your credit: Jetonbank will provide pre-account opening security, credit, and sanctions screening.
As long as you can complete these minimal KYC/AML requirements, anyone resident or non-resident in the world can reap the benefits of offshore banking by establishing an account with Jetonbank in the Bahamas.
Can I Send Money Internationally with an Offshore Bank Account in the Bahamas?
Perhaps one of the most attractive features of having an offshore bank account in the Bahamas is that you can transfer money to and from any part of the world.
With Jetonbank, you can:
- Send wires globally. You can send funds via wire transfers securely around the world, in a day.
- Receive wires from abroad. It’s possible to use your Bahamas bank account information to accept wire payments from foreign locations in several currencies.
- Use peer-to-peer transfer services. Payment methods such as PayPal or TransferWise enable you to transfer money quickly from one person to another around the world.
- Pay international bills and invoices. Your offshore account is accessible like any other to pay vendors, contractors and service providers around the world.
- Access global ATM networks. Credit cards tied to your Jetonbank account are used to withdraw cash at millions of ATMs across the world.
- Use an international debit or credit card. Charge from your offshore bank account on a debit or credit card issued by Jetonbank, that is accepted worldwide.
A Bahamas offshore account provides you unrestricted global banking services. You don’t just need to send domestic money anymore.
Why Choose Jetonbank to Do Offshore Banking in the Bahamas?
The following are the main reasons why Jetonbank is regarded as the best offshore bank to do business with in the Bahamas:
- Digital services: Jetonbank operates solely online/mobile & no branches so you can easily bank online from anywhere.
- Technology breakthroughs: Its platform contains the most advanced security and functionalities for slick global money management on any device.
- Lower fees: Most services are free and transfers, cards and other charges are considerably lower than banks. No monthly fees either.
- Comprehensive product portfolio: Business banking, company accounts, digital asset services, trading, and investments all in one.
- Safe custody: The Bahamas has a good financial control and tax system which makes it one of the best offshore countries.
- Great customer service: All assistance and services are offered in multiple languages and 24x7, via phone, email and live chat.
And it is for all of these reasons that Jetonbank is the best choice for businesses who want to enjoy offshore banking services in the Bahamas, at an easy, safe and affordable price. Get started today with a free account.
Jetonbank offers a top-notch online banking experience to anyone who wishes to establish an offshore bank account online in the Bahamas.
Its entirely digital processes, product range and low fees makes it simply the best option for conducting offshore banking operations safely and comfortably in this renowned country.
