What is Offshore-Offshore Banking?
Offshore-Offshore Banking is elite private banking at its highest level. Stefan Neuss explains who the perfect client is, the benefits of privacy, security and flexibility, and how it differs from high street banks.
Offshore-Offshore Banking is elite private banking at its highest level. In this video Stefan Neuss of WERA Capital Partners explains who the perfect client is, what the benefits are for your business and how it works.
Three main benefits
Privacy. The location where an Offshore-Offshore bank is registered guarantees by law that there is no data exchange with local governments or governments above. What happens in your account stays in your account.
Security. By law, no third party can access your funds, block your access to online banking or take your funds. Neuss calls Offshore-Offshore Banking the most secure banking in the world today.
Flexibility. You can receive and send nearly every amount. A crypto wallet is part of the setup, so you can receive crypto payments, exchange them into fiat and spend them, or buy cryptocurrencies from fiat and send them to your cold wallet.
How it differs from high street banks
An Offshore-Offshore bank is run like an old German or Swiss private bank: human beings execute the transactions. At a high street bank, in any country, you are effectively banking with AI automations. You enter the details, press enter, and the system decides.
This matters because of KYC checks. With an Offshore-Offshore bank, bank officers at the sending and receiving bank clear KYC before the transaction is executed, and it only goes through when both sides agree. Neuss says this is why almost no transactions get stuck. At a high street bank, a large transfer can be blocked after you press enter, and you then deal with AI tools and bots to try to unlock it, which he calls nearly impossible nowadays.
Why the fees are higher
Because people do the work instead of AI, the fees are higher than at high street banks. For this reason Neuss describes Offshore-Offshore Banking as elite banking that is not suitable for everyone.
Who is the perfect client
The perfect client has a business with large crossborder payments, for example paying suppliers in China or receiving big amounts from clients abroad. Neuss is not talking about 10,000 but about 100,000, a million, 10 million or more. High street banks are no longer interested in such amounts, and their systems are not designed for them. If your revenue is in the high six, seven or eight figures and above, he says Offshore-Offshore Banking is a must have.
Not sure where to start? Book a 1h private consultation over zoom to work out how Offshore-Offshore Banking can benefit your business.