Friday 7 May 2010

An anonymous debit card simply means that you don’t have to have your name printed onto it

An anonymous debit card simply means that you don’t have to have your name printed onto it.

An anonymous debit card simply means that you don’t have to have your name printed onto it. You can either choose to have someone else’s name printed onto it, put it into the corporations name or even choose to have the card printed with no name on it at all. The choice is yours.

An anonymous debit card program will operate in the following way. Normally a card-issuing bank will issue the credit card either to a trust company or to a trust account held at the bank. A card reseller has the trust account held in an offshore bank in a different jurisdiction than the one where he is based in order to avoid any legal issues. The reseller is the one who has all control over the debit card and the money on it and will normally provide information online for you to have the ability to check the account and its transactions, balance, outgoings, etc. The actual money is held in the resellers trust account and he is the one who has the signatory power.

To obtain a debit card any other way requires opening up an offshore account and then applying for a debit card, however this method means that it will not be anonymous. Cards that are issued directly from the banks always have the name printed on the debit card of the signatory on the bank account. Offshore banks will also require different forms of ID and references before you can open an account and get a debit card from them.

Some agencies are able to set you up with an International offshore credit card, there is a VISA debit card with credit card facilities offered through leading International banks without having to obtain credit checks or bank references. They place great emphasis on client confidentiality. The card is given out with an offshore current business bank account from reputable International banks.

To qualify for an international offshore credit card it is necessary to have an offshore company already set up. With an International debit card you are able to cash money and view your account balance through an ATM, if it is marked with VISA/PLUS logo anywhere in the world. Money debited on this debit card can be taken out from over 855, 000 ATMs in 149 countries.

Money deposited in a debit account is much safer than carrying it around in your pocket and in the unfortunate circumstances that you should lose the card or have it stolen then the account will be frozen instantly.

When applying for the debit card the bank needs identification of the customer, but once the card is issued there is no name printed on it and so it is an anonymous debit card, this also means that it is issued immediately as there is no time to wait while your name is printed. These debit cards can be opened using both Euros and US dollars.

When you apply for the card there is no request for a guarantee deposit or opening payment to be made and if you are travelling overseas there is no requirement to show the information on the amount of money deposited on the card. When accounting in a foreign country there is no need to be concerned regarding the currency exchange as it is all processed automatically.

If you require an offshore bank account it is always a good idea to try and visit the bank yourself to set everything up, there are many offshore jurisdictions and there is very likely one not too far from your country of residence. This is especially important if you are setting up a business account and will be using the bank account frequently or if you are intending to deposit a large amount of funds. Check out where and who will be holding your money. Lastly, be aware that just because your bank account and company are offshore it doesn’t mean that you can carry out business in your home country or with fellow residents and avoid taxes.

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