Withdrawing money from an offshore bank account

[AndrewT]

We all know how easy the process of depositing money in a bank is. Whether we are talking about regular banks or offshore banks the deposit process takes a little time.But what about the process of withdrawing money? Is this process as easy as the process of depositing when it comes to offshore banks?

 

[JohnLocke]

It depends very much on which offshore bank you have your money deposits with. If it is within the European Union and you need to transfer money then you can do a SEPA transfer which deposit the money same day or at least the day after.


Wire transfer takes between 3 - 8 days almost regardless from where you send it. Express Wire Transfers can speed up the process a little.

 

[taruniis]

This could be a little inconvenient. That is your money already and banks should give them anytime you want. On the one hand, this is an advantage for you especially if you do not want to be a victim of identity theft. This is a very rampant issue and you just want to exhaust all the possible ways to avoid it.