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AT THE BANK

All Offshore That's Going Offshore?

The Annoyance:

I'm sick of U.S. banks tossing my private information around like so much confetti. I'm thinking about opening an offshore banking account. Is this legal? Will my money (and data) be protected?

The Fix:

It's perfectly legal to open an account in a foreign bank. Many foreign jurisdictions have much stricter privacy laws than what you'll find stateside. But it's a lot more work, you'll have fewer ways to access your money, and it can be riskier.


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