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FINANCIAL SERVICES
Offshore Company
Bank accounts
Prepaid cards
E-commerce package
Payment gateway
Online gambling license
Private foundations
Dear Lucila,
You can withdraw your funds from any ATM in Philippines using the credit or debit card linked to your offshore account. Please, keep in mind that some ATM machines charge lower withdrawal fees and some higher. Usually each ATM informs you about the fee rate before the actual withdrawal of funds.
Regards
Dear Melissa,
If you would like to make a transfer between two banks you ought to contact both entities and ask for the requirements they have for this kind of operation. Usually, for wire transfers from offshore accounts you don't need to have a credit card and with just a bank account number it is enough to proceed. Make sure the permission you have from your boyfriend is official and recognized by the financial entity.
Regards
Hello Melissa, if you have an access to an online banking you can make this transfer from home or any other place. However, if you don't have this access or the amount you want to transfer is very high, you might be asked to make this operation from the office.
Hello I'm reta vikashni deo from Fiji My to be husband lawyer has opened a off shore account in India under my name they ask m 2450 for the fund transfer security codes i make the payment n they give m 100% guarantee after the security code the money will b in my local bank account bt next day they ask m large amounts of tax code n currently I don't have dat much n my country has also some strict rules regarding money. I'm helpless from here but I told whole situation to the lawyer who is a depositor also to withdrawal the insured fund it can be possible plus help m depositor can withdrawal the amount
Dear Rita, thank you for contacting us.
Unfortunately, in this particular case we are not able to help you. You have to contact local layers who know the legislation of your country and banking laws. This kind of situations are not very common and have to be treated properly to avoid possible fraud.
Regards
Dear Muller.
Each country and especially each bank has its own requirements set by the compliance department. If you are working with a merchant account and not a current account it is a common practice to ask for a security deposit.
In other cases if you are operating with a regular current account usually you are not asked to withhold any additional funds. Try to transfer or withdraw smaller amount, may be than they will allow you to operate without any other security conditions.
Regards
Dear Múller.
Did you check the credibility and authenticity of this financial entity? Is it a well known bank? Can you please share their SWIFT with us so that we can check if everything is correct with it?
Regards
Dear Muller,
Please, visit this online SWIFT code checker to check the validity of the SWIFt code. We have tried to verify it and it saw that the SWIFT you provided is invalid or doesn't exist.
Regards
Dear Anthony.
Regarding the terms of wire-transfers I have to say that it is quite relative. Usually, with all the technology that financial entities use the wire transfer should not take more than 3 days. However, in some cases, what can take time is an internal control that some banks do before they accept the money from other financial entity (especially offshore accounts) and deposit it on your account.
In any case, if you don't hear anything from your bank in America within a week, we advise you to contact them and get informed about possible problems with the transfer.
Regards
Dear Charity,
Thank you for getting in touch with our company. Usually the clients are not required to pay for incoming payments. What we can recommend you is to get in touch with customer service of your bank and leave a claim regarding this payment, asking for a better explanations of the reasons they want to charge you that amount.
If the situation doesn't get solved after that, we recommend you to contact any local lawyer.
Regards
hello everyone. I have an issue. I made investment in turkey and got profit from them they first said that the profit is reversed it can't be send to my local bank account. Then they created a offshore bank account in turkey of mine. And semt my profit to my offshore account so that can i easily transfer my amount to my local beneficiary account. But they charged me 4 types of taxes before getting my profit. And now again they are asking me to send 950usd to get certified from istanbul chamber of commerce. Now im stucked there my profit is also there in the offshore account. Is thereanyine here to advise me. Is it scam or fraud. I have almost paid 4000 usd taxes of 4 types now again they asked me to deposit 950 usd to transfer my funds.
Dear Hamza,
In order to enjoy all the advantages of offshore bank account it should be opened in a jurisdiction different to your country of residence or the country of origin of funds.
If you decide to transfer your profit to your country of residence you have to declare it and pay tax.
We would highly recommend you to contact a local Turkish lawyer who would advise you on tax regime in Turkey and why you were obliged to pay this amount without being a resident in this country. We hope you will be able to solve this issue.
Regards
Dear Amy,
Thank you for getting in touch with our company. Regarding your question we recommend you to contact a lawyer who is specialized in banking law. All financial entities and offshore jurisdictions have their own requirements and regulations and without knowing well your situation it is hard to provide your with correct guidance.
Regards
Dear Sunil,
One of the options that you friend has is to open a personal account in another offshore jurisdiction, where she is not a fiscal resident and transfer the money there. Then, with ATM withdrawals she can use it little by little. However, depending on the nationality, her country might have an agreement of exchange of financial information with the country where she wants to open an account. Therefore, she should choose well before transferring her funds to any account.
If she decides to transfer the funds to her country of residence, then yes, she will have to pay tax on this money in order to be able to use it legally.
Regards
Dear Sunil Sinha,
It all depends on the county where your friend has decided to open a bank account with an ATM card attached to it. I can not speak for all jurisdictions, but normally, in majority of them, this certificate is not a requirement and especially such high commissions for it.
At the same time, I don't have all the information about this inheritance and offshore account that her father had. I would highly recommend you to hire a lawyer to make sure that all the procedures are completed within a legal frame and without scam.
Regards