This list of offshore banks gets copied across a lot of forums, blogs, communities, and even corporate service providers. I have so far not seen anyone actually make any improvements to it, so make sure to check this link (https://www.streber.org/list-of-offshore-banks/) instead of outdated versions found elsewhere.

Best Offshore Banks

Every year, I put together a list of (offshore) banks that I have found to be the best of that year. Click on a year to see that year’s list.

2016 – 2015 – 2014 – 2013 – 2012

Full List

Below is a list of some popular and commonly discussed offshore banks, and a mix of other banks. This list is not actively maintained. The banks have not been vetted for compliance, financial stability, or accuracy. Jut like everything I write, this is in no way a recommendation or endorsement.

Explanation

• Jurisdiction is the jurisdiction of the bank being listed. Some banks may appear multiple times across different jurisdictions. I’m not necessarily including all jurisdictions for multi-jurisdictional banks.
• Bank is the name of the bank. Sometimes it’s a shortening, sometimes it’s a long name.
• Minimum is a rough indication about the bank’s minimum balance requirement. The minimum may vary depending on service required. An old version of this list had specific numbers for banks. I have moved away from this and instead use four different terms to give you an idea of, more or less, what the bank expects.
  • Low means 0 – 10,000 EUR/USD/equivalent.
  • Medium is 10,000 – 100,000 EUR/USD/equivalent.
  • High is 100,000 – 1,000,000 EUR/USD/equivalent.
  • Very High is over 1,000,000 EUR/USD/equivalent.
• Personal indicates whether the bank is known to open personal account.
• Business indicates whether a bank is known to open transactional, everyday business bank accounts.
• Private/Wealth indicates whether the bank offers private banking and wealth management.
• Under Personal, Business, and Private/Wealth, I am listing geographical limitations or expectations the bank has on each client segment:
  • Resident means the bank strongly prefers to work with only residents.
  • Regional means that the bank prefers to see some sort of local connection (to the bank’s jurisdiction) or at least to the nearby, relevant economic area (i.e. a bank in Estonia will likely insist that you have some sort of ties to Estonia, whether it’s residence, citizenship, economic activity, incorporation, et cetera).
  • International means the bank is usually pretty open. This doesn’t mean free-for-all. Normal risk profiling still applies.