Offshore Banking FAQ

What are the main features of offshore debit card?

An offshore debit card provides a customer with an option of accessing funds held in the offshore account in mostly the same way as an onshore debit card would. This card does not provide any credit facilities, but if you have money on your account, you can take it through appropriate ATM or purchase goods at shops. The most popular offshore debit cards are Maestro and VISA Electron. It is important to know that some offshore banks require some security deposit prior issuing debit card. This security deposit is much smaller than the security deposit needed for the offshore credit card.