It is possible to obtain the full spectrum of financial services from offshore banks, including:
Corporate administration
Credit
Deposit taking
Foreign exchange
Fund management
Investment management and investment custody
Letters of credit and trade finance
Trustee services
Wire- and electronic funds transfers
Not every bank provides each service. Banks tend to polarise between retail services and private banking services. Retail services tend to be low cost and undifferentiated, whereas private banking services tend to bring a personalised suite of services to the client.
