While there are many factors to consider, the below points are usually the most important to consider when considering whether an offshore bank is safe.

• Annual audits with reputable external auditors, such as the Big 4 accounting and auditing firms.
• Asset under management (AUM) – Often considered the most important criteria when selecting an offshore banks to deposit your funds. AUM represents a bank’s total customer deposits.
  • Certain banks publish their financial statement, which allows customers to fully understanding the bank’s health.
• Bank reputation – While the preference is to open an Opera bank account with a multinational bank, certain banks have reputations that proves they can be as secured as generational and global banks.
  • A bank that is not global but have a large number of branches in their country can be considered more safe to work with than a bank with only one branch.
• Country reputation – Countries that have a stable financial system are generally considered more secure to open an offshore bank account in.
  • Developed countries as well as growing nations, both offer offshore banking opportunities that when faced with a decision. It is usually. Desirable to open a bank account in a G20 country.
• Liquidity ratio – This specific financial ratio allows potential customers to understand the bank’s ability to allow customers to withdraw fund at a moment’s notice.
  • Most banks loan out customer deposits in order to generate revenue from interest on loans, other banks are 100% liquid, meaning they hold all the cash deposited on hand.
• Partnership with other reputable institutions.
• Principle members of SWIFT, SEPA, VISA and Mastercard
  • The mentioned networks only offers services to banks with the utmost prestige and reputation. Being a membered bank that is part of the networks, means that banks are able to process transactions and issues products such as VISA and Mastercard on their own, without involving 3rd party.