Private Offshore Debit Card Basics

The increasing danger of personal bank accounts being more and more prone to bureaucratic invasions of privacy has lead people to search for ways how to keep their bank accounts secret. As more and more people learn to maximize their creativity and resources thus letting them earn money out of their normal system the government is coming up with more and more ways to track the money made from these activities. And so there are now fewer and fewer ways to place money safely out of the reach of the government, which is the most eager to get a hold of it.


Private offshore debit cards have become the best way to enhance one's privacy over his finances. With offshore bank accounts that are fully anonymous to the government, the offshore debit cardholders are given unlimited control and freedom of their hard earned money. With the great boom and growth in the offshore bank account industry fees for such accounts and their related offshore debit cards have become very cheap and now anyone can afford them. The reduction of the tax load brought about by keeping money offshore alone is enough reason to get an offshore debit card.


Introduction to Private Offshore Debit Card
The private offshore debit card is a financial instrument that can be used to withdraw funds the cardholder have deposited on his card provider's affiliate offshore bank. An offshore debit card does not require any credit checks so everyone is eligible to have them. The card can be used in almost any ATM around the world. The card also provides the advantage of being able to draw funds in foreign currency, very convenient for those who are traveling abroad.


Using an offshore debit card is safer than carrying cash and more convenient than using personal checks. The card can be used to withdraw cash or pay merchants at millions of locations all around the world. The offshore debit card can be issued in a corporate name or in the name of the provider to keep the holder's financial identity strictly private.


Clarifications on Offshore Debit Card Basics
1. Traditional Credit Card
The old fashioned credit card allows the holder to buy on credit and pay the balance at a later time to the credit card company. The cardholder thus spends money he currently does not have and pays later, with interests of course.

2. Debit Card
The debit card does not allow credit spending as it only allows the holder to spend the cash he has in his bank account. The debit card is directly linked to the holder's personal savings or checking account also referred to as the primary account. All charges the holder incurs are debited to the primary account, and there are no huge monthly charges. The same account may have a checkbook tied to it as well.

3. Secured Credit Card
The secured credit card contains two accounts: a frozen bank account with the funds which act as a guarantee for the card - and the actual credit card account. Statements are mailed only in the months when something is charged to the account, unless the balance for the preceding month has yet to be paid off in full. And you are obliged to make a minimum monthly payment of 10% of the outstanding balance within a couple of weeks from receiving your statement.


Some Uses of a Private Offshore Debit Card
1. Spend your offshore funds while travelling, give supplementary cards to your family or even to people you don't want your family to know about.

2. Helps prevent your movements from being tracked by Big Brother. Although we might try to use cash, it is almost impossible to check into a good hotel or rent a car without a major credit card or offshore debit card.

3. A confidential card to match your second passport, as part of an overall privacy strategy
4. Pay for an alternative internet connection, or buy services over the Internet.
Offshore Pro Group