What is a personal account

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A personal account is an account that is opened by an individual for their own personal needs. Opening a personal account in an offshore jurisdiction will enable you to invest your money overseas in a bank account that offers attractive prospects.

If you are interested in opening an offshore personal account and would like to find out which jurisdiction is most suited to your needs, please fill in DeltaQuest’s Personal Account Application form.

Personal account explained

A personal account is an account that is opened when you wish to conduct personal financial transactions and services. A personal account can be opened in any jurisdiction that offers offshore banking facilities, and is an excellent step to take if you would like to invest your finances into a bank account that offers excellent prospects.

A personal account differs from a corporate or business account in that it services the specific needs of one individual.

Offshore banks generally offer a wide range of services relating to your personal account. Along with offline services, many jurisdictions now offer a full range of online banking services that facilitate your personal account banking needs. this means that wherever you are in the world, you will have access to your personal account at any time.

Personal accounts in offshore jurisdictions also offer a number of appealing tax benefits. These can range from very low tax rates to even tax-free banking, as well as zero exchange rates and withholding tax. In addition, many offshore jurisdictions boast a stable infrastructure, politically, economically and socially. This will provide you with peace of mind that banking with that jurisdiction is a beneficial alternative to personal banking in your home domicile.

The specific services that the bank will offer will depend entirely on the offshore jurisdiction you choose to open your personal account with. It will also depend on the legalities implemented by the regulatory framework in place within that jurisdiction.